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45662 South Lake Drive

45662 South Lake Drive, Novi, MI 48377
Property in Novi
Sold Apr 29, 2003
Transfer
$399,000 by Main Street Bank
Mortgage Due Nov 01, 2035
Sold Oct 29, 2002
$100,000
Local assessors in Novi, MI have categorized 45662 South Lake Drive as a residential type of property. The home was built in 2002 and is 22 years old. The property's lot size has been calculated to be 15,682 square feet. The linear feet between the front and back of the lot was measured at 1,534 ft and the front of the lot was measured at 820 ft. 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 3 full bathrooms. There are also 4 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 45662 South Lake Drive has a total of 3,151 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. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 3 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $100,000 in Mar 16, 2001. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $5,964 in taxes each year. 45662 South Lake Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $253,890. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 15,682
  • Lot Size Depth Feet: 1,534
  • Lot Size Frontage Feet: 820
  • Total Building Area: 3,151
  • Building Area: 3,151
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 3,151
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BRISTOL CORNERS WEST SUBDIVISION
  • Land Acres: 0.36
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T1N, R8E, SEC 4 BRISTOL CORNERS WEST NO 3 LOT 142 2-12-01 FR 401-004

Ownership

  • Current Owner : DOWNEY JASON D
  • Current Owner 2: DOWNEY AMY M
  • Previous Owner : IVANHOE HUNTLEY BRISTOL CORNERS BUILDERS
  • Owner Before Previous Owner: NOVI GROUP
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Walled Lake Consolidated Schools
  • School Tax School District: 63290
  • Census Tract: 136102

Zoning

  • Zoning: R-4

Geography

  • District: 50
  • Section: 4
  • Parcel: 50-22-04-405-026
  • Lot: 2,142
  • Meridian: SEC 4 TWN 1N RNG 8E
  • Municipality: NOVI CITY
  • Latitude: 42.5146
  • Longitude: -83.5046

    Address

  • Full Address: 45662 S Lake Dr
  • Address - House Number: 45662
  • Street Direction: S
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Novi
  • Carrier Code: C003
  • 4-Digit Zip Code: 3919
  • Zip Code: 48377

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,964

    Appraisal Valuation

  • Standard Deviation: 0.1836
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 75
  • Final Value: 693,252
  • High Value: 820,593
  • Low Value: 565,910

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $399,000
  • First Open Lien Mortgage Lender: MAIN STREET BANK
  • First Open Lien Mortgage Recording Date: Oct 29, 2020
  • First Open Lien Mortgage Loan Amount: $399,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2035

    Market Valuation

  • Market Total Value: $507,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $253,890

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 20, 2003
  • Current Sale Recording Date: Apr 29, 2003
  • Current Sale Transaction ID: 1152791272
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 210343
  • Previous Sale Recording Date: Oct 29, 2002
  • Previous Sale Contract Date: Mar 16, 2001
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: Deed

About Novi



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Frequently Asked Questions

What neighborhood is 45662 South Lake Drive located in?
The 45662 South Lake Drive is a located in the neighborhood of Novi in Novi, Novi.
What is the average sales price for listings in 45662 South Lake Drive?
The average sales price for units in 45662 South Lake Drive is $0 currently.

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