Sold
26029 Island Lake Dr., Novi, MI 48374
Sold on 04/17/2023 for$560,000
MLS # 23112720 (Michigan Regional Information Center (MichRIC))
3 beds3 baths3,476 sqftBuilt 20040 acres
1 / 50
Listing Description
Well appointed 2,476 sq. ft. 3 bed 2.5 bath two story condo back to private wooded area. Very quiet and serene location, across from the lake and steps to the beach. Features include natural maple flooring, a 2-story great room with recessed lighting, a large kitchen with maple cabinets, granite counters, an adjoining nook, and a sitting area with a stone fireplace. Cool finished basement with high ceilings, 2 feet tiled flooring, stone bar with stools and a long bar with granite counters, perfect tv viewing area, and separate workout area. The spacious primary suite features recessed lighting, a walk-in closet, spa-like bath with a separate shower and tub. The two additional bedrooms have large closet space. Refrigerator, dishwasher, and disposal all within last 5 years., Primary Bath
Source: SparkMLS
About this home
Located in Island Lake North Bay in Novi, this property offers 3-bedroom, 3-bath, 3,476 sq ft, with original construction dating to 2004.
This home sold for $560,000 (about $161/sq ft).
Estimated annual property tax: $8,221, or about $685 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms3
Bathrooms3
Living Area3,476 sqft
Year Built2004
Stories2
Location
CityNovi
MunicipalityNovi City
Zip Code48374
CountyOakland
School DistrictSouth Lyon Community Schools
Construction & Systems
StyleContemporary
ConstructionBrick, Vinyl Siding
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Available, Cable Connected, Storm Sewer
InteriorCeiling Fan(s), Garage Door Opener, Eat-in Kitchen
Sale & Financing
Listed3/1/2023
Sold Date4/16/2023
Terms AcceptedCash, Conventional
HOA
HOA Fee$485 / Monthly
IncludesSnow Removal
Source: SparkMLS
Tax Information
Annual Tax$8,221
Tax Year2022
Assessed Value$224,100
Parcel #50-22-18-451-035
Source: SparkMLS
Legal Description
T1N, R8E, SEC 18 OAKLAND COUNTY CONDOMINIUM PLAN NO 1415 ISLAND LAKE NORTH WOODS UNIT 35 L 24820
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Daniel DeCapua
RE/MAX Platinum
Frequently Asked Questions about 26029 Island Lake Dr., Novi, MI 48374
Which school district serves 26029 Island Lake Dr., Novi, MI 48374?
Per MLS# 23112720, 26029 Island Lake Dr., Novi, MI 48374 is in the South Lyon Community Schools boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact South Lyon Community Schools directly to confirm enrollment eligibility.
What financing options are available for 26029 Island Lake Dr., Novi, MI 48374?
Per MLS# 23112720, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 26029 Island Lake Dr., Novi, MI 48374?
Per public tax records, annual property taxes for this property are $8,221 (2022). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 26029 Island Lake Dr., Novi, MI 48374 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 26029 Island Lake Dr., Novi, MI 48374 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 26029 Island Lake Dr., Novi, MI 48374?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Mortgage Calculator
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Monthly payment$4,046
Principal & interest$3,561
HOA$485
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
26029 Island Lake Dr., Novi, MI 48374
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Neighborhood
Island Lake North Bay
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Community
Novi
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County
Oakland County
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