Sold
25520 PORTICO Lane, Novi, MI
Sold on 04/23/2025 for$275,000
MLS # 20250015942 (Realcomp)
2 beds2 baths1,132 sqftBuilt 2005
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Listing Description
Beautiful condo located in the heart of Novi in Gateway Village. This move in ready home offers a blend of both convenience and comfort. The living room, kitchen and dining room feature new luxury plank vinyl flooring. The primary bedroom features a private bath & separate entrance to the balcony off back. Second bedroom also has a sliding door opening to back balcony. The kitchen offers newer stainless-steel appliances, a pantry & granite countertops. Attached, tandem two car garage or you could choose to pull in one car and use the second half for storage. The mud room located right off of the garage, or you could use this space for a small office area. This home is located just minutes from expressways, shopping and dining! Don't miss out on this well-maintained unit, it won't last long. Annual assessment is for brick work and is to be assumed by buyer.
Source: SparkMLS
About this home
This 2-bedroom, 2-bath, 1,132 sq ft home built in 2005 sits in Gateway Village Of Novi in Novi.
Final sale price: $275,000 (about $243/sq ft).
Property tax estimate: $3,510 per year ($293/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Fiber internet is available at this address with download speeds up to 5,000 Mbps across 9 providers. Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms2
Living Area1,132 sqft
Year Built2005
Stories1
Location
CityNovi
MunicipalityNovi City
CountyOakland
School DistrictNovi
Construction & Systems
ConstructionBrick
BasementSlab
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed3/10/2025
Sold Date4/22/2025
Terms AcceptedCash, Conventional
HOA
HOA Fee$260 / Monthly
IncludesLawn/Yard Care, Snow Removal, Trash
Source: SparkMLS
Tax Information
Annual Tax$5,705
State Equalized Value$127,370
Taxable Value$109,870
Parcel #2223227165
Source: Public Records
Legal Description
T1N, R8E, SEC 23 OAKLAND COUNTY CONDOMINIUM PLAN NO 1430 GATEWAY VILLAGE OF NOVI UNIT 165, BLDG 10 L 25305 P 808 4-10-02 FR 226-041
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Lida Athearn
Athearn Realty
Frequently Asked Questions about 25520 PORTICO Lane, Novi, MI
What school district is 25520 PORTICO Lane, Novi, MI in?
Per MLS# 20250015942, this property is served by Novi. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20250015942, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20250015942, the most recent reported annual property tax for 25520 PORTICO Lane, Novi, MI is $5,705. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 25520 PORTICO Lane, Novi, MI eligible for USDA financing?
Per USDA Rural Development boundary data, 25520 PORTICO Lane, Novi, MI is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 25520 PORTICO Lane, Novi, MI is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is fiber internet available at 25520 PORTICO Lane, Novi, MI?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 5.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Oakland County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$3,510
Monthly$293
Millage rate27.5569 mills
Municipality: CITY OF NOVI
School district: NORTHVILLE PUBLIC SCHOOLS
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$2,368
Principal & interest$1,815
Property taxes$293
HOA$260
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
9 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
25520 PORTICO Lane, Novi, MI
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Neighborhood
Gateway Village Of Novi
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Community
Novi
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County
Oakland County
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