$350,000
SOLD AUG 15, 2025

41643 Tera Ln Unit 48 Novi, MI 48375

3 Beds
2.5 Baths
1,900 Sq Ft
$260/mo HOA Fee

Recently Sold

$184 Per Sq Ft

3% Below List Price

Highlights

  • Colonial Architecture
  • Ground Level Unit
  • Forced Air Heating System
  • Novi High School Rated A+
  • 1 Car Attached Garage
  • Dogs and Cats Allowed

About This Home

As of August 2025

Welcome to this beautifully appointed 2-story townhome in the sought-after Townhomes at GATEWAY VILLAGE OF NOVI community.
Beautiful Townhouse With 3 Bedrooms And 2.5 Bath With Attached Garage, Located In The Heart Of Novi! Award-Winning Novi Schools,
The impressive great room is adorned with a captivating cathedral ceiling, creating a spacious and airy atmosphere.
Ample storage everywhere throughout the home and an abundance of natural light from all the windows!! Primary suite ensuite bath will make you feel like you are at a spa! The kitchen is equipped with an island, 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 expansive primary bedroom is a true retreat, featuring a large drop-in tub, shower enclosure, vanity, and a massive walk-in closet. The second floor features two additional bedrooms, each with an en-suite bathroom and a Loft providing privacy and comfort.
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

Last Agent to Sell the Property

Hari Kakumanu

Community Choice Realty Associates, LLC License #6501392854 Listed on: 07/22/2025

Last Buyer's Agent

Hari Kakumanu

Community Choice Realty Associates, LLC License #6501392854 Listed on: 07/22/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 2003

HOA Fees

  • $260 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,900 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Free-Standing Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 2223227048

Community Details

Overview

  • Whitehallcm.Com Association, Phone Number (248) 324-0400
  • Gateway Village Of Novi Occpn 1430 Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,226

Year Built

Built in 2003

Lot Details

0

HOA Fees

$260 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Warranty: Yes
  • Year Built: 2003
  • State Equalized Value: 141220.0000
  • Entry Location: Ground Level
  • Pets Allowed: Cats OK, Dogs OK
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Locations: Living Room
  • Room Count: 11
  • Total Bedrooms: 3
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Kitchen Appliances: Dishwasher, Dryer, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 1900
  • Total Sq Ft: 1900

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Brick
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Electricity, Door Opener, Attached, Garage Faces Rear
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Water at Street

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal, Maintenance Structure, Maintenance Grounds, Sewer, Trash, Water
  • Association Fee Frequency: Monthly
  • Phone: (248) 324-0400
  • Association Fee: 260
  • Association Contact: whitehallcm.com
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • Parcel Number: 2223227048

Tax Info

  • Tax Amount Summer: 4240.0000
  • Tax Amount Winter: 986.0000
  • Total Tax: 5226.0000
  • Taxable Value: 141220.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Sep 9, 2022
Sold by
Ardena White
Bought by
Amirineni Krishna Karthik
Seller's Agent
Michelle Burns
RE/MAX Eclipse
Buyer's Agent
Hari Kakumanu
Community Choice Realty Associates, LLC
List Price
$299,999
Sold Price
$315,000
Premium/Discount to List
$15,001
5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.24%
Original Mortgage
$267,900
Outstanding Balance
$256,603
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$109,846

Purchase Details

Closed on
May 27, 2009
Sold by
Mickey Miguel
Bought by
White Ardena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 16, 2004
Sold by
Gateway Village Of Novi Llc
Bought by
Mickey Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,500
Interest Rate
4.75%
Mortgage Type
Unknown
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 $315,000 Liberty Title
Warranty Deed $125,000 None Available
Warranty Deed $273,000 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $267,900 New Conventional
Previous Owner $100,000 Purchase Money Mortgage
Previous Owner $299,250 Fannie Mae Freddie Mac
Previous Owner $279,500 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Sold $350,000 -2.8% $184 / Sq Ft
07/22/2025 07/22/25 Pending -- -- --
07/22/2025 07/22/25 For Sale $360,000 +14.3% $189 / Sq Ft
09/12/2022 09/12/22 Sold $315,000 +5.0% $166 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
08/11/2022 08/11/22 For Sale $299,999 -- $158 / 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 $4,240 $135,350 $0 $0
2022 $3,015 $131,800 $0 $0
2020 $2,445 $122,700 $19,650 $103,050
2015 -- $73,000 $0 $0
2014 -- $71,700 $0 $0
2011 -- $86,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Hari Kakumanu

    Seller's Agent in 2025

    Hari Kakumanu

    Community Choice Realty Associates, LLC

    (248) 885-6244

    104 in this area

    527 Total Sales

    Hari Kakumanu
    Section Image

  • M

    Seller's Agent in 2022

    Michelle Burns

    RE/MAX

    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20251014285

Realcomp

APN: 22-23-227-048

Michigan Oakland County Novi 48375

41643 Tera Ln Unit 48, Novi, MI

This home is located at 41643 Tera Ln Unit 48, Novi, MI 48375 and is currently priced at $350,000, approximately $184 per square foot. This property was built in 2003. 41643 Tera Ln Unit 48 is a home located in Oakland County with nearby schools including Novi High School, Orchard Hills Elementary School, and Novi Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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