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42056 Borchart Drive

42056 Borchart Drive, Novi, MI 48375
Property in Novi
Sold Sep 08, 2010
$290,000
$108,200 by Jpmorgan Chase Bank Na
Mortgage Due Oct 01, 2050
Local assessors in Novi, MI have categorized 42056 Borchart Drive as a residential type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 13,097 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 42056 Borchart Drive has a total of 2,072 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 42056 Borchart Drive was last sold in Sep 2, 2010 for $290,000. According to our calculations, that's $139.96 per sqft. Current property owners are expected to pay $5,753 in taxes per year. The property on 42056 Borchart Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $223,750. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,097
  • Total Building Area: 2,072
  • Building Area: 2,072
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,072
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HILLS WEST SUB
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T1N, R8E, SEC 26ORCHARD HILLS WEST SUBLOT 3109/21/05 FR 201-007SPLIT ON 10/04/2005 FROM 50-22-26-201-007;

Ownership

  • Current Owner : KING JOHN
  • Previous Owner : MIRAGE DEVELOPMENT LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Novi Community School District
  • School Tax School District: 63100
  • Census Tract: 136300

Zoning

  • Zoning: R-4

Geography

  • District: 50
  • Section: 26O
  • Parcel: 50-22-26-254-031
  • Lot: 3109
  • Meridian: SEC 26 TWN 1N RNG 8E
  • Municipality: NOVI CITY
  • Latitude: 42.4626
  • Longitude: -83.4618

    Address

  • Full Address: 42056 Borchart Dr
  • Address - House Number: 42056
  • Address - Street Name: Borchart
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Novi
  • Carrier Code: C009
  • 4-Digit Zip Code: 3345
  • Zip Code: 48375

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,753

    Appraisal Valuation

  • Standard Deviation: 0.1836
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 76
  • Final Value: 554,033
  • High Value: 655,761
  • Low Value: 452,306

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $108,200
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Nov 18, 2020
  • First Open Lien Mortgage Loan Amount: $108,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2050

    Market Valuation

  • Market Total Value: $447,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,750

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 02, 2010
  • Current Sale Recording Date: Sep 08, 2010
  • Current Sale Transaction ID: 1152808705
  • Current Sale Price: $290,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 160376

About Novi



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Frequently Asked Questions

What neighborhood is 42056 Borchart Drive located in?
The 42056 Borchart Drive is a located in the neighborhood of Novi in Novi, Novi.
What is the average sales price for listings in 42056 Borchart Drive?
The average sales price for units in 42056 Borchart Drive is $0 currently.

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