26426 Island Lake Drive #24
Novi, MI 48374
Condominium · MLS # 20261074351 · Listing courtesy of RE/MAX Classic
About this home
Island Lake .... Pristine Upgraded Showcase End Unit Condo siding to a lush commons area ~ Picture perfect stone accented exterior with Trex deck & private covered side entry into a 2 story skylit foyer ~ Crisp interior with white painted wood work & blinds + newer engineered red oak wood floors throughout the 1st & 2nd floors ~ Preferred open floor plan with 18x15 vaulted living room & 13x11 formal dining room with crown molding & wainscoting ~ 16x14 family room with fireplace opens to the 14x14 kitchen with granite counters & appliances ~ 3 spacious bedrooms are upstairs including the cathedraled 18x17 primary bedroom with organized walk in closet + a spa caliber primary bath with quartz counters & jetted Jacuzzi tub + separate glassed in shower with trackless Euro door ~ Exceptional extra deep finished lower level too with egress window .... Great 32x22 flex area with granite topped wet bar & luxury vinyl wood like floor + there's a half bath that could be expanded to a full bathroom ~ 1st floor laundry with included front load LG washer & dryer ~ Furnace & water heater are less than 5 years old ~ Island Lake of Novi offers vacation style living with a clubhouse/boat house, year-round community events, fitness center, Olympic sized pool, fitness center, tennis & pickle ball courts, walking trails and a 170 acre spring fed lake ~ Please note that the HoA fee is $465/month plus a $150/month special "roof" assessment that runs through July of 2027.
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 $525,000, or $182 per square foot, 4% below the city median, and has been on the market 46 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 $8,089 a year. A buyer who lives here would pay about $8,270 to $9,630 a year once the taxable value resets after the sale, at the 2025 homestead rate of 36.32 mills for Novi City and Novi 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 and HOA when listed. Ask us for a lender quote.
Location
Similar homes in Novi
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