Sold
41666 Tera Lane, Novi, MI
Sold on 08/07/2025 for$318,000
MLS # 20251015634 (Realcomp)
3 beds2 baths1,448 sqftBuilt 20040 acres
1 / 45
Listing Description
Welcome to this 3-bedroom, 2-bath Condo in the sought-after Gateway Village Of Novi Neighborhood! Nestled in the heart of Novi.The living room features a stunning gas fireplace that serves as a cozy focal point, providing warmth and ambiance. The sleek, modern design of the fireplace complements the room's decor, allowing for a stylish yet functional element and an abundance of natural light from all the windows! The kitchen is equipped with Granite countertops, stainless steel appliances, backsplash, and upgraded cabinetry, perfect for both cooking and entertaining. A striking chandelier lights the dining area, creating an ideal space for gatherings.The charming and private patio is a delightful extension of the living space, accessed through a sliding door that seamlessly connects indoor and outdoor areas. A beautifully crafted brick privacy wall surrounds the patio, creating a cozy and intimate atmosphere. 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
Source: SparkMLS
About this home
Located in Gateway Village Of Novi in Novi, this property offers 3-bedroom, 2-bath, 1,448 sq ft, with original construction dating to 2004.
This home sold for $318,000 (about $220/sq ft).
Annual property taxes run approximately $3,655 ($305/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. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 9 providers.
Tour
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms3
Bathrooms2
Living Area1,448 sqft
Year Built2004
Stories1
Location
CityNovi
MunicipalityNovi Twp
CountyOakland
School DistrictNovi Community School District
Construction & Systems
ConstructionBrick
BasementSlab
Garage1 space
HeatingForced Air
InteriorHome Warranty
Sale & Financing
Listed7/10/2025
Sold Date8/6/2025
Terms AcceptedCash, Conventional
HOA
HOA Fee$260 / Monthly
IncludesLawn/Yard Care, Sewer, Snow Removal, Trash, Water
Source: SparkMLS
Tax Information
Annual Tax$4,670
State Equalized Value$132,650
Taxable Value$130,630
Parcel #2223227033
Source: Public Records
Legal Description
T1N, R8E, SEC 23 OAKLAND COUNTY CONDOMINIUM PLAN NO 1430 GATEWAY VILLAGE OF NOVI UNIT 33, 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 Hari K Kakumanu
Community Choice Realty Associates, LLC
Frequently Asked Questions about 41666 Tera Lane, Novi, MI
Which school district serves 41666 Tera Lane, Novi, MI?
Per MLS# 20251015634, 41666 Tera Lane, Novi, MI is in the Novi Community School District boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Novi Community School District directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20251015634, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 41666 Tera Lane, Novi, MI?
Per public tax records, annual property taxes for this property are $4,670. 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, 41666 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.
Is 41666 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 41666 Tera Lane, Novi, MI. The maximum advertised download speed is 5.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 41666 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$3,655
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$2,607
Principal & interest$2,042
Property taxes$305
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
41666 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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