41633 Tera Ln, Novi, MI, 48375
About This Home
** EAST FACING **END UNIT ** Novi schools** Charming 2-Story Townhome in Gateway Village of Novi** Welcome to this beautifully appointed 2-story townhome in the desirable Gateway Village of Novi community. This stunning residence features 3 bedrooms and 2.5 baths, complete with an attached garage, all nestled in the heart of Novi. Enjoy award-winning Novi schools and a spacious great room enhanced by a captivating cathedral ceiling that creates an airy atmosphere filled with natural light. The home offers ample storage throughout, ensuring plenty of space for your belongings. The primary suite is a luxurious retreat, featuring an ensuite bath designed to feel like a spa, complete with a large drop-in tub, shower enclosure, vanity, and a massive walk-in closet. The kitchen is a chef's dream, equipped with an island, granite countertops, stainless steel appliances, and cabinetry—perfect for cooking and entertaining. Gather around the striking chandelier in the dining area, ideal for hosting family and friends. The second floor features two additional bedrooms and a full bathroom, plus a cozy loft area that provides 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. ** Recent Updates: Furnace 2025, Water Heater 2025**
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 2003
Materials
- Foundation: Basement,Poured,Slab
- Construction materials: Brick,Other
Type & Style
- Home type: Townhouse
- Architectural style: Cape Cod,Townhouse
- Property subType: Townhouse
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Free Standing Electric Range,Free Standing Refrigerator,Microwave,Stainless Steel Appliances,Washer
Basement
- Has basement: Yes
- Basement: Finished
Bedroom
- Level: Second
- Area: 252
- Dimensions: 21 X 12
Bedroom
- Level: Second
- Area: 198
- Dimensions: 18 X 11
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Dining Room
- Level: Entry
- Area: 140
- Dimensions: 14 X 10
Features
- Fireplace features: Living Room
- Fireplace: Yes
- Finished area below ground: 160
- Finished area above ground: 1,860
Great Room
- Level: Entry
- Area: 437
- Dimensions: 23 X 19
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total interior livable area: 2,020 sqft
Kitchen
- Level: Entry
- Area: 120
- Dimensions: 12 X 10
Laundry
- Level: Entry
- Area: 42
- Dimensions: 6 X 7
Other
- Level: Second
Other
- Level: Entry
Primary Bathroom
- Level: Entry
Primary Bedroom
- Level: Entry
- Area: 224
- Dimensions: 16 X 14
Property
Details
- Parcel number: 2223227054
- Special condition: Short Sale No,Standard
Features
- Levels: Two
- Stories: 2
- Entry location: GroundLevel
- Pool features: None
Parking
- Total spaces: 1
- Parking features: One Car Garage,Attached
- Has garage: Yes
- Attached garage spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Heat Wave
- Ice Storm
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Oakland County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,769 | $21,228 |
| Home Insurance * | $116 | $1,392 |
| Property Taxes | $364 | $4,368 |
| Electricity | $220 | $2,643 |
| Total | $2,469 | $29,628 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-24 | Price change | $349,900 |
| 2026-06-10 | Listed for sale | $354,900 |
| 2020-08-14 | Sold | $263,000 |
For Sale by Agent
View on Zillow