Sold
41639 Tera Lane, Novi, MI
Sold on 06/26/2026 for$290,000
MLS # 20261035870 (Realcomp)
2 beds3 baths1,506 sqftBuilt 20000 acres
1 / 32
Listing Description
Novi’s Gateway Village is the place to be! Beautifully updated condo with an open floor plan, bay window, recessed lighting, gas fireplace, and newly updated fireplace wall completed in 2024. Located in the highly rated Novi School District and close to shopping, dining, and expressways. Kitchen updated in 2022 with granite countertops, new sink, stainless steel appliances, and all appliances included. Luxury vinyl flooring installed in the main and lower levels in 2022, along with fresh paint throughout. Spacious primary bedroom features a full bathroom, new windows (2025), and custom built-in walk-in closet (2025). Lower level offers an additional full bathroom, plus a half bath on the main floor. Additional updates include HVAC (2020), 100 amp electrical panel (2024), garbage disposal (2025), Tesla charger in attached garage (2024), and more. HOA covers water, trash, snow removal, and grounds maintenance. Clean, well maintained, and move-in ready. Some furniture may be negotiable. BATVAI.
Source: SparkMLS
About this home
2-bedroom, 3-bath, 1,506 sq ft home in Gateway Village Of Novi in Novi built in 2000.
Closed at $290,000 (about $193/sq ft).
Estimated annual property tax: $3,659, or about $305 monthly. 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
Bedrooms2
Bathrooms3
Living Area1,506 sqft
Year Built2000
Stories2
Location
CityNovi
MunicipalityNovi City
CountyOakland
School DistrictNovi
Construction & Systems
ConstructionBrick, Vinyl Siding
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Finished
Sale & Financing
Listed5/18/2026
Sold Date6/25/2026
Terms AcceptedCash, Conventional
HOA
HOA Fee$265 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$4,657
State Equalized Value$132,770
Taxable Value$126,020
Parcel #2223227049
Source: Public Records
Legal Description
T1N, R8E, SEC 23 OAKLAND COUNTY CONDOMINIUM PLAN NO 1430 GATEWAY VILLAGE OF NOVI UNIT 49, 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: Not Eligible
Verify eligibility at USDAListed by Teodora Djourova
Clients First, REALTORS®
Frequently Asked Questions about 41639 Tera Lane, Novi, MI
What school district is 41639 Tera Lane, Novi, MI in?
Per MLS# 20261035870, this property is served by Novi. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20261035870, 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# 20261035870, the most recent reported annual property tax for 41639 Tera Lane, Novi, MI is $4,657. 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 41639 Tera Lane, Novi, MI eligible for USDA financing?
Per USDA Rural Development boundary data, 41639 Tera 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, 41639 Tera 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.
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$3,659
Monthly$305
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$2,418
Principal & interest$1,849
Property taxes$305
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
41639 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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