For Sale
41633 Tera Lane, Novi, MI
$349,900
MLS # 20261034712 (Realcomp)
3 beds3 baths2,020 sqftBuilt 2003
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Listing Description
** EAST FACING **END UNIT ** Novi schools** Charming 2-Story Townhome in Gateway Village of Novi** Welcome to this beautifully appointed 2-story townhome in the desirable Gateway Village of Novi community. This stunning residence features 3 bedrooms and 2.5 baths, complete with an attached garage, all nestled in the heart of Novi. Enjoy award-winning Novi schools and a spacious great room enhanced by a captivating cathedral ceiling that creates an airy atmosphere filled with natural light. The home offers ample storage throughout, ensuring plenty of space for your belongings. The primary suite is a luxurious retreat, featuring an ensuite bath designed to feel like a spa, complete with a large drop-in tub, shower enclosure, vanity, and a massive walk-in closet. The kitchen is a chef's dream, equipped with an island, granite countertops, stainless steel appliances, and cabinetry—perfect for cooking and entertaining. Gather around the striking chandelier in the dining area, ideal for hosting family and friends. The second floor features two additional bedrooms and a full bathroom, plus a cozy loft area that provides privacy and comfort. Located in a desirable neighborhood, this condo is conveniently close to shopping, highways, dining, and recreational activities. Don't miss the opportunity to make this stunning space your own! HOA covers: Snow Removal, Maintenance of Grounds, Sewer, Trash, Water. ** Recent Updates: Furnace 2025, Water Heater 2025**
Source: SparkMLS
About this home
Located in Gateway Village Of Novi in Novi, this property offers 3-bedroom, 3-bath, 2,020 sq ft, with original construction dating to 2003.
Listed at $349,900 (about $173/sq ft).
Annual property taxes run approximately $4,057 ($338/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms3
Bathrooms3
Living Area2,020 sqft
Year Built2003
Stories2
Location
CityNovi
MunicipalityNovi City
CountyOakland
School DistrictNovi
Construction & Systems
ConstructionBrick, Other
BasementSlab
Garage1 space
HeatingForced Air
InteriorBasement Finished
Sale & Financing
Listed6/7/2026
Original Price$354,900
Terms AcceptedCash, Conventional
HOA
HOA Fee$265 / Monthly
IncludesLawn/Yard Care, Sewer, Snow Removal, Trash, Water
Source: SparkMLS
Tax Information
Annual Tax$5,389
State Equalized Value$147,210
Taxable Value$145,170
Parcel #2223227054
Source: Public Records
Legal Description
T1N, R8E, SEC 23 OAKLAND COUNTY CONDOMINIUM PLAN NO 1430 GATEWAY VILLAGE OF NOVI UNIT 54, BLDG 1 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: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Hari K Kakumanu
Community Choice Realty Associates, LLC
Frequently Asked Questions about 41633 Tera Lane, Novi, MI
Which school district serves 41633 Tera Lane, Novi, MI?
Per MLS# 20261034712, 41633 Tera Lane, Novi, MI is in the Novi boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Novi directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261034712, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 41633 Tera Lane, Novi, MI?
Per public tax records, annual property taxes for this property are $5,389. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 41633 Tera Lane, Novi, MI is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 41633 Tera Lane, Novi, MI in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What utilities serve 41633 Tera Lane, Novi, MI?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Tax Estimate
$
Annual tax$4,057
Monthly$338
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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Monthly payment$2,873
Principal & interest$2,269
Property taxes$338
HOA$265
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
41633 Tera 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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