WaterfrontLake, Dock Facilities, Lake Privileges, Navigable Water, Shared Water Frontage
MLS #20240089991
StatusActive
About 1127 S Lake Dr Unit 214
Ready for the easy life in the perfect condo with a neighborhood waterfront and dock on all-sports Walled Lake? Located in South Pointe Condominiums, a community for owners 50+ years of age, this upper-level condo comes with plenty of features you'll love year-round in addition the space on Walled Lake. Through the secure front doors, you take an elevator to the second level, where the condo is located. Once inside the condo, you are greeted with a living area flowing through the sliding glass door to the balcony. This unit includes stainless steel kitchen appliances, in-unit laundry, and a new furnace as well. Both bedrooms are very generously sized, and the primary includes a large walk-in closet as well. To add to the living space and amenities that come with your condo, the building includes four community rooms perfect for reading, working, and gathering, as well as a storage area down the hall from the unit, and an unloading space with shopping carts perfect for hauling your shopping to the unit with ease. You absolutely won't want to miss your opportunity to tour this great condo and community.
This property is $275.1K less than the Median Sold Price and $29/SqFt more than other homes in Novi, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240089991
Listing Office:
Office Name: Real Estate One-Commerce
Office Phone: (248) 363-8300
Listing Agent: Keenan Gottschall, Kurt B Gottschall
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,434
Per Month
Principal & Interest
$998
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$369
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$666
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Hickory Woods Elementary School
30655 Novi Rd
Distance between this listing and this school1.18 miles
Public District Grades KG-5
6
/10
Walled Lake Elementary School
1055 W West Maple Rd
Distance between this listing and this school1.45 miles
Public District Grades PK-5
4
/10
Meadowbrook Elementary School
29200 Meadowbrook Rd
Distance between this listing and this school1.71 miles
Public District Grades KG-5
Nearby Schools
5
/10
James R. Geisler Middle School
46720 W Pontiac Trl
Distance between this listing and this school1.49 miles
Public District Grades 6-8
7
/10
Novi Middle School
49000 W 11 Mile Rd
Distance between this listing and this school3.04 miles
Public District Grades 7-8
7
/10
Sarah G. Banks Middle School
1760 Charms Rd
Distance between this listing and this school3.70 miles
Public District Grades 6-8
Nearby Schools
7
/10
Walled Lake Western High School
600 Beck Rd
Distance between this listing and this school1.85 miles
Public District Grades 9-12
4
/10
Career Preparation
25345 Taft Rd
Distance between this listing and this school2.47 miles
Public District Grades 9-12
8
/10
Novi High School
24062 Taft Rd
Distance between this listing and this school3.30 miles
The neighbors living near this home have an average income of $104,722. Most Novi, MI residents have annual incomes between $100k-200k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1127 S Lake Dr Unit 214
What is the listing price of this property?
The listing price of 1127 S Lake Dr Unit 214 property is $199,900.
What type of property is this?
The property 1127 S Lake Dr Unit 214 is a condo located in Novi, Michigan, 48377.
Is this property for sale now?
Active Listing: 1127 S Lake Dr Unit 214 is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,345 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 16, 2021 for $143,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1127 S Lake Dr Unit 214 has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 1127 S Lake Dr Unit 214 is 910 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1127 S Lake Dr Unit 214 is 1991.
This home is located at 1127 S Lake Dr Unit 214 in Novi, MI and zip code 48377. This 910 square foot home was built in 1991. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 03, 2024 and is currently priced at $199,900.
Novi, MI housing market in November 2024 saw over 9 listings sold above listed price, more than 7 sold at listed price and over 23 sold below. The number of listings in Novi, MI decreased by 18.5% between October 2024 and November 2024. Listings spent 31 days on the market in November 2024, and had a median list price of $475,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.