2 Bed, 2.1 Bath, 1500 Sqft
|All Listings||Under $100,000|
2 Bed, 2.1 Bath, 1500 Sqft
Gateway of Novi condos for sale in Novi, MI are located north of Grand River and west of Meadowbrook Rd. The subdivision is in zipcode. Built in 2007, this community is comprised of mostly brick condos, many of which reflect the ranch and colonial styles of architecture and feature a Philadelphia-esque brownstone appeal. Classical exteriors boast brick facade, maintenance free dutch-lap vinyl siding, aluminum gutters and downspouts, insulated metal entry doors, private entrances, architectural style shingles and balconies. Condos feature custom designed gourmet kitchens with beautiful cabinetry, spacious pantry cabinets, stainless steel appliances and granite counters. Living room offers bay window and volume ceiling. Homes also have advanced home wiring throughout for internet. Master bedrooms have private bath with separate shower and large closets. Ceramic tile floors in all baths. Homes offer 3 to 5 bedrooms and 3+ baths. Garages are attached and can accommodate 2 cars. Conveniently located near shopping, restaurants, recreational and entertainment activities. Association dues are currently $185 each month, which includes water. Nearby communties are Meadowbrook Glens and Willowbrook Farm.
If you’re interested in investing in a Homes for sale in Novi MI in this community, then please contact us at The Perna Team, today. We’ll be more than happy to assist you by first telling you about available Gateway Village for sale.
Gateway of Novi homes for sale in Novi, MI are off Grand River Ave and west of Meadowbrook Rd.
There are several restaurants located within a mile radius from Gateway of Novi. These are Dairy Queen Store, Wasabi Novi, Pastry House Hippo, Ajishin and a lot more.
1 mile west is Novi Town Center. It is within the business center of Novi. Restaurants inside the mall are Sip Organic Juice & Bar, Tony Sacco's, Potbelly, Sandwiches, Pei Wei, Diamond Jim, Brady's Bistro, Bonefish Grill, The Big Salad, Bagger Dave's and Athenian Coney Island. Department stores here are Hobby Lobby, T.J. Maxx and Walmart. Other notable stores are One of a Find Furniture & Accents, Shoe Carnival, Oreck Clean Home Center and Big Frog. Ladies can also shop at Cristopher & Banks, Torrid, Dressbarn, Lane Bryant and Plato's Closet. The Novi Town Center Office is also located inside the mall.
Across Novi Town Shopping Center are Little Caesars Pizza, Vintage Wine Shoppe, Sovel’s Service Center, Cottage Inn Pizza and 7-Eleven. A block east of Ten Shopping Center are several stores. These are Primo’s Pizza, JJ’s Barber shop, Salon Luna, Stuart’s Ice Cream and Yogurt, and Meadowbrook Art Center.
Twelve Oaks Mall and West Oaks Mall are a block north of Novi Town Shopping Center. The two malls are across each other. Twelve Oaks Mall is an up-scale shopping center with a great variety of stores but at moderate prices. It has a great layout to accommodate many people especially during holidays. Some of the restaurants inside the mall are A&W All American Food, California Pizza Kitchen, Max & Erma's, Mrs. Fields, Cafe Bistro, Lakeshore Grill, Olga's Kitchen, Starbucks, The Cheesecake Factory and Taco Bell. Ladies can shop at Armani Exchange, Aeropostale, Ann Taylor, Banana Republic, Athleta, bebe, Buckle, Gap, Garage, H & M and a lot more. Department stores inside the mall are Macy's, Nordstrom, Sears, Lord & Taylor and jcpenney. Across is West Oaks Mall. Some of retailers here are Art Van Furniture, Marshalls, Brookstone, Michaels, Old Navy, DSW Designer Shoe, Gander Mountain, Kohls, Bed Bath & Beyond, Big Lots and a lot more. Restaurants are Starbucks, Novi Siam Spicy, Cherry Blossom, Carrabba’s Italian Grill, and Novi Chophouse.
2 miles southwest is Walgreens. Across Walgreens are Novi Sports Bar & Grille and Penn Station East Coast Subs. Speedway Gasoline Station is also here. 0.3 mile east is Novi Ten Shopping Center. Stores in this proximity are Busch’s Fresh Food Market, Rite Aid Pharmacy, Great Lakes Ace Hardware, Pet Supplies Plus, Credit Union Family Services Center and Beside is Citizens Bank. Restaurants are Happy Sushi, Subway, Maria’s Italian Bakery and Honey Tree.
Providence Park Hospital is 4 west of Gateway of Novi. This is a newer hospital that opened on October of 2005. This hospital has all private rooms. Hospital services include Orthopedic Surgery, General Surgery, Neurosurgery, Women's and Pediatric Services, and other medical and surgical specialties. The hospital also has an outpatient center. Outpatient services include outpatient surgery, endoscopy services, imaging, laboratory and other physician subspecialties.
Ella Mae Power Park is 2.5 miles south. It is located behind the Novi Civic Center. This park hosts adult softball tournaments. This park has been actively renovated in the past years for improvement of the field, landscapes, signage and lighting. Facilities include 2 baseball fields, a playground area, sand volleyball, soccer field, 4 ball fields for soft ball, restrooms and a concession. There are also natural features such as creeks, water lands, nature trails and woodlands. Adjacent to Ella Mae Power Park are Novi Civic Center and Novi Public Library.
Homes for sale in Gateway of Novi are located 1 mile west of I-96 entrance. 6 miles southeast is I-275 entrance.
9 miles south is Northville Tech Center where several global companies are located. Some of these are Aisin Technical Center of America, Mitsubishi Electric Automotive America, Inc., IAV Automotive Engineering, Inc., AW Transmission Engineering USA, and a lot more.
Gateway of Novi students are served by the Novi School District. Novi community school district operates 1 high school, 2 middle schools, and 5 elementary schools.
1.5 miles south is Orchard Hills Elementary School. There are 407 students enrolled and they accept K-4. Novi Meadows School is a middle school located 2.5 miles west. It’s rated 8 out of 10 by greatschools.org. This school teaches 5 languages; French, German, Japanese, Mandarin and Spanish. There are 1,022 students enrolled and they offer before and after care. Novi High School is 3 miles southwest. Novi High School serves grades 9-12. It got a Blue Ribbon Award status in 1986-1987 and 1999-2000. Novi High School has 2,000 students enrolled. It also houses adult education and several community recreational events like swimming and basketball games in the gym and field house.
Koby International Academy, now known as Sundai Michigan International Academy, is a private school 1 mile south of Gateway of Novi homes for sale. It is across PNC Bank. The school accepts grades K-12, with a student to teacher ratio of 29:1.
Novi Northville Montessori Center is 2 mile southwest. Novi Northville Montessori has 75 students enrolled and accepts PK-8. This school accepts Spanish students.
Novi Christian School is 2.5 miles west. It's another private school that accepts grades K-12. This school offers a bible-based structured curriculum.
Walsh College - Novi Campus is a short walk north. It serves the residents and students of western Oakland and Wayne counties. The Novi Campus is a technology-enriched facility that operates as a full service campus with 35,000 square foot of classrooms, open computer labs, a library, bookstore, student lounge and meeting space. Founded in 1922 and celebrating more than 90 years of business education, Walsh College offers 19 business and related technology degree programs at the bachelor's and master's levels that are responsive to student, employer, and community needs. Walsh is a private, not-for-profit institution offering courses and services at locations in Troy, Novi, Clinton Township, Port Huron, and online.
South University is 1 mile north. Established in 1899, South University is a private academic institution dedicated to providing educational opportunities for the intellectual, social, and professional development of a diverse student population. The Novi, Michigan campus offers focused and balanced curricula at the bachelor's degree level in the areas of business administration, criminal justice, healthcare management, and psychology. Other degree programs offered include a Master of Arts in professional counseling and a Master of Business Administration. South University is accredited by the Commission on Colleges, Southern Association of Colleges and Schools to award associate, bachelor's, master's, and doctoral degrees.
Oakland Community College is 8 miles northeast. OCC has 5 campuses and Orchard Ridge Campus in Farmington Hills is the largest. It's award-winning Culinary Studies Institute is found in Orchard Ridge Campus. The campus is also known as the fine and performing arts campus, and offers visual and performing arts programs as well as several design programs. Throughout the year, the Wallace F. Smith Theatre offers cultural events, including theatre and dance performances open to the community and students.
Because of their great location and the outstanding community amenities, Gateway Village of Novi homes for sale sell quick. If you want to be notified the minute a new home comes on the market register now.
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2014 was an amazing year in Gateway Village real estate! There were 10 Gateway Village condo's sold and 13 Leased in 2014. First we'll present an accounting of the Sales for the year then work our way through the Leased Condo's for the year.
The Perna Team is again proud to announce both the highest and lowest price per square foot sales for Gateway Village 3 years in a row!!
Sellers: For our seller on 25562 Portico Lane we were able to secure a final price per square foot of $150.17. That's $6.5 higher then ANY other agent, or in real dollars $7358 HIGHER then the NEXT agent that sold a condo in the complex!
Buyers: For our Gateway Village condo buyers we were able to get a seller down to $108.81 per square foot. The average price per square foot in the complex for 2014 was 125.82. This is $30,600 below the average sales price in Gateway Village.
As the Team Leader I'm happy to celebrate with both our great agents that made these sales possible!
Here is the year in review update on all 10 condo's:
|Sold Date||Address||Square Footate||Bedrooms||Bathrooms||Sold Price||Days on Market||Price Per Square Foot|
|5/20/2014||41639 Tera Lane||1226||2||2.5||155,000||19||$126.43|
|6/25/2014||41602 Hamlet Lane||1241||2||2||$160,000||59||128.93|
|7/31/2014||25566 Portico Lane||1150||2||2||165,000||6||143.48|
|9/24/2014||41606 Hamlet Lane||1241||2||2||167500||42||134.97|
|7/18/2014||25510 Portico Lane||1403||2||2||169000||94||120.46|
|5/2/2014||25562 Portico Lane||1132||2||2||170000||27||150.18|
|11/24/2014||25618 Portico Lane||1612||2||2.5||180000||123||111.66|
|8/15/2014||41616 Hamlet Lane||1503||3||2||185000||6||123.09|
|5/13/2014||25596 Portico Lane||1838||3||2||200000||6||108.81|
|6/13/2014||41660 Tera Lane||1860||3||2||205500||8||110.22|
Looking at the data deeper the larger condo's are still lagging in price per square foot vs the smaller condo's in 2014. I think we'll see this come together in 2015 as there have been a diminshing number of properties over the last 90 days, and as well, falling interest rates through the holidays putting pressure on buyers to make their move.
Going into 2015 Appraisals will continue to be a problem for Gateway Village, as the slow winter sales coupled with rising prices will cause there to be a jump in sales price vs. a slow incline. Fannie Mae and Freddie Mac, as well as U of M has predicted 2015 to see the largest number of sales year since 2003. That said there are several marketing tactics as well as appraisal tactics we've used over the past 2 years to both cause appraisals to come out higher then they should, and as well committing buyers to paying more then the current appraised value. To go over these in detail please don't hesitate to call a Michael Perna Team Realtor anytime at 248-886-4450.
Please read further for additional Gateway Village sales data below as we dive a little further in-depth into the 2014 Year.
The listings in this analysis can be summarized as follows:
Listing Price between $160,000 and $200,000
Selling Price between $155,000 and $205,000
2 to 3 Bedrooms
2.00 Full Bathrooms
1,132 to 1,860 Square Feet
$106.99 to $154.59 per Square Foot
$109 to $150 per Sold Square Foot
Year Built between 2000 and 2007 years
6 to 123 Cumulative Days on Market
2014 was a strong year for leasing in Gateway Village outpacing sales by 3 and with lease rates ranging from $1,250 to $1,900 per month investors jumped on the band wagon. Out of 10 sales, 4 of them were cash investors that turned around and leased their purchased condo's same month. Lease rates started the year in the 1400 range, and with the exception of one condo at 1250 per month rose in aver to over 1500 per month by the end of the year. Also Gateway Village boasted an exceptionally low day on market as well.
IDX provided courtesy of Realcomp II Ltd., via Keller Williams Realty, Copyright 2019 Realcomp II Ltd. Shareholders. 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.