Sold
41641 TERA Lane, Novi, MI
Sold on 03/28/2024 for$340,000
MLS # 20240012085 (Realcomp)
2 beds3 baths1,838 sqftBuilt 20030 acres
1 / 20
Listing Description
EAST facing Condo, Very good day light in all rooms. 1838 sq ft. 2 large bedroom & 2.5 baths (Ceramic) condo in a great area of Novi with Novi schools. School bus at the community (Elementary School Bus comes inside) , Open floor plan. Large great room with 2 story high ceilings, bay window, stereo system wiring, gas fireplace & balcony. Formal Dining room with Hardwood floors. Upgraded kitchen cabinets with granite counter tops. Back splash, All top of the line stainless steel appliances (Refrigerator, cooktop, dishwasher, double oven), washer & dryer are full Size). 2 master suites with private bath & large walk in closets. Loft area. Upgraded Carpet in all Rooms and Stairs, Upgraded Light Fixtures, Hardwood Floor in Kitchen, and Dining, Cable wiring in all rooms, Extra Runner on Stairs, Storm Door, Central air, One car attached side entry garage with additional front parking (with extra storage). Pet-Friendly Community, with Park, Pond, and nearby Sports Club, Very Close to Novi central place (downtown), Wal-Mart, and Novi Shopping Mall, Close access to Hwy I-96, 696, and 275, HOA fee includes: Water, Sewer, Trash, Snow Removal, Lawn care. Must See!!
Source: SparkMLS
About this home
Located in Gateway Village Of Novi in Novi, this property offers 2-bedroom, 3-bath, 1,838 sq ft, with original construction dating to 2003.
Closed at $340,000 (about $185/sq ft).
Estimated annual property tax: $3,018, or about $252 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
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
Bathrooms3
Living Area1,838 sqft
Year Built2003
Stories2
Location
CityNovi
MunicipalityNovi City
CountyOakland
School DistrictNovi Community School District
Construction & Systems
ConstructionBrick
BasementSlab
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed2/27/2024
Sold Date3/27/2024
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$235 / Monthly
IncludesLawn/Yard Care, Sewer, Snow Removal, Trash, Water
Source: SparkMLS
Tax Information
Annual Tax$3,018
Parcel #22232270
Source: SparkMLS
Legal Description
T1N, R8E, SEC 23 OAKLAND COUNTY CONDOMINIUM PLAN NO 1430 GATEWAY VILLAGE OF NOVI UNIT 50, 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 Alex Safadi
Internet Real Estate, Inc
Frequently Asked Questions about 41641 TERA Lane, Novi, MI
What school district is 41641 TERA Lane, Novi, MI in?
Per MLS# 20240012085, this property is served by Novi Community School District. 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# 20240012085, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20240012085, the most recent reported annual property tax for 41641 TERA Lane, Novi, MI is $3,018. 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 41641 TERA Lane, Novi, MI eligible for USDA financing?
Per USDA Rural Development boundary data, 41641 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, 41641 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.
Is fiber internet available at 41641 TERA 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.
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Mortgage Calculator
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Monthly payment$2,505
Principal & interest$2,270
HOA$235
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
41641 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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