tomo logo

$795,000

Beds
5
Baths
3.0
sq ft
3,474

41121 Fourteen Mile Rd, Novi, MI 48377

41121 Fourteen Mile Rd

Novi, MI 48377

  • 17 days on market
A completely rehabbed 5-bedroom, 3 full bath home on 5 acres in Novi. Ready for any number of possible uses under its R4 and Additional Special Purposes Zoning qualifications. A starter home with 5 developable acres to develop a future family compound for 5 + additional larger SFR homes through a condominium plating. Co-develop up to 11 multi-storied detached condominiums (3+ with walkouts. Start a Church, Synagogue, Mosque, Temple or similar place of worship in the 3500 sq ft. home and develop a faith-based campus with a new worship center, school and adult daycare facility: All available through zoning board approval under the Special Purposes Zoning ordinances in Novi. It's your palette to work with. Review the pictures, walk the land and decide.

Details

Property type

Single Family Residence

Est. home value

$599,672

Lot size

5.00 acres

Price per sq ft

$229

Year built

1905

Annual property taxes

$14,748

Price History

02/05/2025
Realcomp

Realcomp #20250008022

Listed
$795,000
+6%
06/20/2024
Realcomp

Realcomp #20230099361

Removed
$750,000
06/17/2024
Realcomp

Realcomp #20230099361

Price change
$750,000
-50%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Walled Lake

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bnc Mortgage Inc

Loan start date

April 2005

Original loan amount

$374,100

Est. remaining balance

Not provided

Interest rate

10.7%

Loan type

Fannie Mae/Freddie Mac, 30 year

Seller

Robert E Shapiro

Lender

Ross Mortgage Corp

Loan start date

July 2004

Original loan amount

$292,000

Est. remaining balance

Not provided

Interest rate

6.12%

Loan type

Not Provided, 30 year

Seller

Robert E Shapiro

Lender

Ross Mortgage Corp

Loan start date

November 2003

Original loan amount

$287,000

Est. remaining balance

$140,108

Interest rate

5.98%

Loan type

Not Provided, 30 year

Seller

Robert E Shapiro

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/23/2025 at 9:55 AM

Listing updated: 02/18/2025 at 4:50 PM

Listed by: John H Scott, John H Scott, RE/MAX EclipseRE/MAX Eclipse Phone #: (248) 792-2621

MLS: Realcomp #20250008022

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