$164,000
SOLD JUL 15, 2015 RENTED JUL 1, 2025

25520 Portico Ln Novi, MI 48375

2 Beds
2 Baths
1,240 Sq Ft
$235/mo HOA Fee

Recently Sold

$132 Per Sq Ft

6% Below List Price

43 Days on Market

Highlights

  • Raised Ranch Architecture
  • Covered patio or porch
  • Balcony
  • Orchard Hills Elementary School Rated A+
  • Gazebo
  • 2 Car Direct Access Garage

About This Home

As of April 2025

Hurry over to this Popular Gateway Village Condo in the heart of Novi, Close to Restaurants, Shopping, and Expressways. This is the BEST DEAL in Novi on a 2 Bedroom, 2 Bath Condo with a 2 Car Garage ... and the Only One Available for Under $200,000. In addition, this Unit offers a Bonus Office Area on the Garage/Entry Level - why Pay over $200,000 in Gateway Village to get a 3 Bedroom if you really don't need it? Open Floorplan with great room windows facing south for natural light. Master Suite offers a Walk In Closet, Separate Shower and Soaking Tub in Master Bath and access to the rear Balcony. Kitchen offers maple cabinets, titled backsplash, wood floors, breakfast bar and adjacent dining area. Only 1 Flight of stairs from your private entry garage and you are home. Comes with all appliances - Stove, Refrig, Micro, Dishwasher, Washer/Dryer. Available for Immediate Occupancy. All M/D Approx. BATVD.

Last Agent to Sell the Property

Brian Wines

National Realty Centers, Inc License #6501333705 Listed on: 04/23/2015

National Realty Centers, Inc

Last Buyer's Agent

Rodger Dabish

RE/MAX Classic License #6501342792

RE/MAX Classic

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 2002

HOA Fees

  • $235 Monthly HOA Fees

Home Design

  • Raised Ranch Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 1,240 Sq Ft Home
  • 1-Story Property

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Exterior Lighting
  • Gazebo

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet

Community Details

  • Gateway Village Of Novi Occpn 1430 Subdivision
  • On-Site Maintenance

Listing and Financial Details

  • Assessor Parcel Number 2223227165

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,840

Year Built

Built in 2002

Lot Details

0

HOA Fees

$235 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Raised Ranch
  • Architecture Level: 1 Story Up
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: High Spd Internet Avail
  • Room Count: 9
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Sq Ft Combined: 1240
  • Total Sq Ft: 1240

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Brick, Wood
  • Exterior Features: Gazebo, Grounds Maintenance, Lighting
  • Foundation Materials: Poured
  • Porch Type: Balcony, Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached, Direct Access, Door Opener
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • HOA Fee Includes: Water
  • Association Fee Frequency: Monthly
  • Association Fee: 235
  • Association Fee: No

Schools

  • School District: Novi

Lot Info

  • Parcel Number: 2223227165

Tax Info

  • Tax Amount Summer: 2076.0000
  • Tax Amount Winter: 764.0000
  • Total Tax: 2840.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2025
Closed on
Apr 23, 2025
Sold by
Akv Investments Llc
Bought by
Koduri Aswani and Sunder Naresh Byraganapall
Seller's Agent
Lida Athearn
Athearn Realty
Buyer's Agent
Alex Safadi
Internet Real Estate, Inc
List Price
$279,900
Sold Price
$275,000
Premium/Discount to List
-$4,900
-1.75%
Views
38
Current Estimated Value
$274,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$85
Avg. Annual Appreciation
-0.16%
Original Mortgage
$206,250
Outstanding Balance
$206,250
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$68,665

Purchase Details

Closed on
Apr 15, 2022
Sold by
Kylie Strickler
Bought by
Akv Investments Llc

Purchase Details

Closed on
Apr 5, 2019
Sold by
Mcnalley Devin and Jones Devin
Bought by
Strickler Kylie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,875
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2015
Closed on
Jul 15, 2015
Sold by
Ha Hak Soo and Chin Kate
Bought by
Jones Devin
Seller's Agent
Brian Wines
National Realty Centers, Inc
Buyer's Agent
Rodger Dabish
RE/MAX Classic
List Price
$175,000
Sold Price
$164,000
Premium/Discount to List
-$11,000
-6.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$155,800
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 29, 2012
Closed on
Sep 14, 2012
Sold by
Gateway Village Of Novi Llc
Bought by
Ha Hak Soo
Seller's Agent
Brian Loussia
EXP Realty Main
Buyer's Agent
Brian Wines
National Realty Centers, Inc
List Price
$119,000
Sold Price
$115,000
Premium/Discount to List
-$4,000
-3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.36%

Purchase Details

Listed on
Aug 29, 2012
Closed on
Sep 12, 2012
Sold by
Schocker Michael
Bought by
Gateway Village Of Novi Llc
Seller's Agent
Brian Loussia
EXP Realty Main
Buyer's Agent
Brian Wines
National Realty Centers, Inc
List Price
$119,000
Sold Price
$115,000
Premium/Discount to List
-$4,000
-3.36%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $275,000 None Listed On Document
Warranty Deed $259,400 Title One
Warranty Deed $192,500 Cislo Title Co
Warranty Deed $164,000 Fidelity National Title
Warranty Deed $115,000 None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $206,250 New Conventional
Previous Owner $180,000 New Conventional
Previous Owner $162,000 New Conventional
Previous Owner $182,875 New Conventional
Previous Owner $155,800 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Rented $1,950 0.0% --
07/01/2025 07/01/25 Under Contract -- -- --
05/13/2025 05/13/25 Price Changed $1,950 0.0% $2 / Sq Ft
04/23/2025 04/23/25 Sold $275,000 0.0% $243 / Sq Ft
04/23/2025 04/23/25 For Rent $2,200 0.0% --
03/16/2025 03/16/25 Pending -- -- --
03/11/2025 03/11/25 For Sale $279,900 +70.7% $247 / Sq Ft
07/15/2015 07/15/15 Sold $164,000 -6.3% $132 / Sq Ft
06/05/2015 06/05/15 Pending -- -- --
04/23/2015 04/23/15 For Sale $175,000 +52.2% $141 / Sq Ft
09/14/2012 09/14/12 Sold $115,000 -3.4% $102 / Sq Ft
09/10/2012 09/10/12 Pending -- -- --
08/29/2012 08/29/12 For Sale $119,000 -- $105 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $4,115 $101,500 $0 $0
2022 $3,611 $100,580 $0 $0
2020 $2,932 $92,850 $19,650 $73,200
2015 -- $75,150 $0 $0
2014 -- $65,100 $0 $0
2011 -- $56,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 215037605

Realcomp

APN: 22-23-227-165