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45040 Lightsway Drive

45040 Lightsway Drive, Novi, MI 48375
Property in Novi
Sold Jan 11, 2022
$468,000
Buyer
Seller
$421,200 by Amerisave Mortgage Corporation
Mortgage Due Dec 01, 2051
Sold Feb 04, 2016
$347,000
45040 Lightsway Drive in Novi, MI was first built in 1988 and is 36 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 45040 Lightsway Drive has 2,674 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,140 ft and the linear feet between the front and back of the lot is 1,225. In total, the area measurement of the land is 11,761 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There are a total of 2 available parking spaces. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 45040 Lightsway Drive sold most recently in Nov 19, 2021 for a total of $468,000. If you work out the math, that's approximately a cost of $175.02 per sqft. Before that, the property was also sold for $347,000 in Jan 29, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,152 in taxes each year. 45040 Lightsway Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $240,890. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior / Wood Exterior
Wood Exterior

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • 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: 11,761
  • Lot Size Depth Feet: 1,225
  • Lot Size Frontage Feet: 1,140
  • Total Building Area: 2,674
  • Building Area: 2,674
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,674
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DUNBARTON PINES SUB
  • Land Acres: 0.27
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T1N, R8E, SEC 27 DUNBARTON PINES SUB NO 3 LOT 307 7-30-87 FR 301-004

Ownership

  • Current Owner : MARKU VIKTOR
  • Previous Owner : SHI
  • Previous Owner 2: XIA
  • Owner Before Previous Owner: ARAB SANJEEV
  • Owner Before Previous Owner 2: ARAB SUJATHA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Northville Public Schools
  • School Tax School District: 82390
  • Census Tract: 136300

Zoning

  • Zoning: R-3

Geography

  • District: 50
  • Section: 27
  • Parcel: 50-22-27-305-027
  • Lot: 7,307
  • Meridian: SEC 27 TWN 1N RNG 8E
  • Municipality: NOVI CITY
  • Latitude: 42.4551
  • Longitude: -83.4918

    Address

  • Full Address: 45040 Lightsway Dr
  • Address - House Number: 45040
  • Address - Street Name: Lightsway
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Novi
  • Carrier Code: C006
  • 4-Digit Zip Code: 3825
  • Zip Code: 48375

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,152

    Appraisal Valuation

  • Standard Deviation: 0.0919
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 92
  • Final Value: 509,565
  • High Value: 556,402
  • Low Value: 462,728

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $421,200
  • First Open Lien Mortgage Lender: AMERISAVE MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Jan 25, 2022
  • First Open Lien Mortgage Loan Amount: $421,200
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $481,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $240,890

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 19, 2021
  • Current Sale Recording Date: Jan 11, 2022
  • Current Sale Transaction ID: 11880269856
  • Current Sale Price: $468,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 290496
  • Previous Sale Recording Date: Feb 04, 2016
  • Previous Sale Contract Date: Jan 29, 2016
  • Previous Sale Amount: $347,000
  • Previous Sale Document Type: Warranty Deed

About Novi



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Frequently Asked Questions

What neighborhood is 45040 Lightsway Drive located in?
The 45040 Lightsway Drive is a located in the neighborhood of Novi in Novi, Novi.
What is the average sales price for listings in 45040 Lightsway Drive?
The average sales price for units in 45040 Lightsway Drive is $0 currently.

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