Sold
50005 Streamwood Drive, Novi, MI 48374
Sold on 03/31/2022 for$433,000
MLS # 53804 (Michigan Regional Information Center (MichRIC))
3 beds4 baths2,727 sqftBuilt 20020 acres
1 / 60
Listing Description
Gorgeous condo in Island Lake of Novi. Living a resort and carefree lifestyle with a clubhouse with gym, private beach access, gigantic swimming pool, tennis courts & walking paths. Great room with gas fireplace opens to kitchen & formal dining room. 42 cabinets in the kitchen with granite & garden option with skylight. Vaulted ceiling in the master bedroom &Y master bathroom with Jacuzzi & shower. Zoned h & c. Finished walkup lower level with family room, built in cabinets & full bathroom. H.O.A. includes water. All M/D approx. The Buyer Agent is required to be physically present for all showings and following Covid CDC guidlines
Source: SparkMLS
About this home
3-bedroom, 4-bath, 2,727 sq ft home in Island Lake Arbors in Novi built in 2002.
Final sale price: $433,000 (about $159/sq ft).
Estimated annual property tax: $6,380, or about $532 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms3
Bathrooms4
Living Area2,727 sqft
Year Built2002
Stories2
Location
CityNovi
MunicipalityNovi City
Zip Code48374
CountyOakland
School DistrictNovi Community School District
Construction & Systems
ConstructionBrick, Wood Siding
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected, Cable Connected
InteriorEat-in Kitchen
Sale & Financing
Listed2/28/2022
Sold Date3/30/2022
Terms AcceptedCash, Conventional
HOA
HOA Fee$400 / Monthly
IncludesWater, Trash, Snow Removal, Sewer, Lawn/Yard Care
Source: SparkMLS
Tax Information
Annual Tax$6,217
Tax Year2021
State Equalized Value$231,520
Taxable Value$225,230
Assessed Value$173,060
Parcel #2218401071
Source: Public Records
Legal Description
T1N, R8E, SEC 18 OAKLAND COUNTY CONDOMINIUM PLAN NO 1358 ISLAND LAKE ARBORS UNIT 71 L 23171 P 779 7-
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Xueyun Chen
Keller Williams Ann Arbor Mrkt
Frequently Asked Questions about 50005 Streamwood Drive, Novi, MI 48374
Which school district serves 50005 Streamwood Drive, Novi, MI 48374?
Per MLS# 53804, 50005 Streamwood Drive, Novi, MI 48374 is in the Novi Community School District boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Novi Community School District directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 53804, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 50005 Streamwood Drive, Novi, MI 48374?
Per public tax records, annual property taxes for this property are $6,217 (2021). 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, 50005 Streamwood Drive, 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 50005 Streamwood Drive, 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 50005 Streamwood Drive, 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
Tax Estimate
$
Annual tax$6,380
Monthly$532
Millage rate27.5569 mills
Municipality: CITY OF NOVI
School district: NORTHVILLE PUBLIC SCHOOLS
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$3,688
Principal & interest$2,757
Property taxes$532
HOA$400
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
50005 Streamwood Drive, Novi, MI 48374
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Neighborhood
Island Lake Arbors
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Community
Novi
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County
Oakland County
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