1815 E Lake Drive
Novi, MI 48377
Single Family Residence · MLS # 20261025529 · Listing courtesy of KW Showcase Realty
About this home
Direct all inquiries to Steve (co-lister). Welcome to your dream location. Take advantage of this unheard of amount of space (a combination of 5 1/2 lots) with water frontage on Walled Lake (a large, private, all-sports lake). This highly desired community does not pop up often, and for good reason. Directly adjacent to Novi’s Pavilion Shore Park, reap the benefits of ample free parking, a large playground, walking trails, and community events like morning yoga right outside your window. Lakeshore Park, another Novi highlight featuring fantastic mountain bike trails, sand volleyball courts, a large party shelter, and a great beach, is just a short walk away. This 2 bed, 1 bath home is newly remodeled, with a brand new kitchen, bathroom and roof. It is a perfect secondary lake property, investment opportunity to rent out, or tear down to take advantage of the combined lots and build your dream home! This property is being sold with heavy emphasis on the community, history, location, lot space, and water frontage. Price is firm, the seller still has a dream for this property - this is the price at which they will put their dreams aside for your own. *So as not to arbitrarily inconvenience the tenant, pre-approval/proof of funds is required prior to showing. **NO EXCEPTIONS**
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Novi
Over the last 90 days, 145 homes sold in Novi for a median of $485,000, about $190 per square foot, and the typical one went under contract in 11 days. This home is listed at $955,000, or $1,072 per square foot, 464% above the city median, and has been on the market 168 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Novi sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $11,168 a year. A buyer who lives here would pay about $7,070 to $15,453 a year once the taxable value resets after the sale, at the 2025 homestead rate of 32.04 mills for Novi City and Walled Lake schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Novi
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