Sold
41664 Tera Lane, Novi, MI
Sold on 10/10/2025 for$365,000
MLS # 20251023929 (Realcomp)
3 beds2 baths1,860 sqftBuilt 20040 acres
1 / 29
Listing Description
THIS BEAUTIFUL CONDO OFFERS ONE OF THE LARGEST FLOOR PLANS IN THE COMMUNITY, AWARD WINNING NOVI SCHOOLS AND GREAT LOCATION. THIS 2 STORY UNIT WITH VAULTED CEILINGS AND LOFT AREA AND VERY OPEN FLOOR PLAN WITH LOTS OF NATURAL LIGHT. SPACIOUS MASTER SUITE WITH A LARGE MASTER BATH. RELAX ON THE BALCONY DURING THE SUMMER OR WARM UP NEXT TO THE FIREPLACE IN THE WINTER. DIRECT ACCESS FROM THE GARAGE AS WELL AS THE FRONT DOOR WITH ENOUGH GUEST PARKING. WITHIN THE VILLAGE THERE ARE COMMUNITY SQUARES, PROTECTED NATURE AREAS, SIDEWALKS AND STREETLIGHTS. THE VILLAGE OFFERS LOTS OF GREEN GRASS AND TREES IN A PEACEFUL PLACE WITH ONSITE SHOPS, CAFES AND RESTAURANTS. NEW UPDATES INCLUDE FRESH PAINTING, BRAND NEW CARPETS & REFREIGERATOR. NEW AC & FURNACE AT YEAR 2022.
Source: SparkMLS
About this home
3-bedroom, 2-bath, 1,860 sq ft home in Gateway Village Of Novi in Novi built in 2004.
Closed at $365,000 (about $196/sq ft).
Annual property taxes run approximately $3,951 ($329/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
Bedrooms3
Bathrooms2
Living Area1,860 sqft
Year Built2004
Stories2
Location
CityNovi
MunicipalityNovi Twp
CountyOakland
School DistrictNovi Community School District
Construction & Systems
ConstructionBrick
BasementSlab
Garage1 space
HeatingForced Air
Sale & Financing
Listed8/3/2025
Sold Date10/9/2025
Terms AcceptedCash, Conventional
HOA
HOA Fee$260 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$6,863
State Equalized Value$143,380
Taxable Value$130,960
Parcel #2223227034
Source: Public Records
Legal Description
T1N, R8E, SEC 23 OAKLAND COUNTY CONDOMINIUM PLAN NO 1430 GATEWAY VILLAGE OF NOVI UNIT 34, BLDG 3 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 Lee Cao
Community Choice Realty Inc
Frequently Asked Questions about 41664 Tera Lane, Novi, MI
What school district is 41664 Tera Lane, Novi, MI in?
Per MLS# 20251023929, 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.
What financing options are available for 41664 Tera Lane, Novi, MI?
Per MLS# 20251023929, 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# 20251023929, the most recent reported annual property tax for 41664 Tera Lane, Novi, MI is $6,863. 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 41664 Tera Lane, Novi, MI eligible for USDA financing?
Per USDA Rural Development boundary data, 41664 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, 41664 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 41664 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. 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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Tax Estimate
$
Annual tax$3,951
Monthly$329
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$2,892
Principal & interest$2,303
Property taxes$329
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
41664 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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