Incredible opportunity in the heart of the “City West” zoning district in Novi. New zoning allows for a variety of uses, including 8 story mixed use development. Situated directly beside Suburban Showplace with 180’ of frontage on Grand River, this 2 acre parcel is currently zoned City West North. Seller also has a Class-C liquor license available for the site for sale as well. Property is located on the north side of Grand River, which has already been approved for new zoning and is currently buildable. Details of City West Zoning included in the documents or can be found on the City of Novi's website in their zoning ordinance. Potential land contract / seller financing arrangements a possibility.
Property Details
Property Features
Listing Office:
Office Name: Emerald Standard Realty Company
Office Phone: (248) 906-8659
Listing Agent: Tommy Desmond
Lot Features
Lot Information:
Lot Size: 2.00 Acres
Other
Directions Information:
Directions: Grand River between Beck and Taft
Price Information
Listing Price Info
Price Summary:
List Price: $1,200,000
Tax Information:
Annual Amount: $5,297
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
This property is $731.1K more than the Median Sold Price in Novi, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240019123
Listing Office:
Office Name: Emerald Standard Realty Company
Office Phone: (248) 906-8659
Listing Agent: Tommy Desmond
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,057
Per Month
Principal & Interest
$5,990
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,664
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Novi Meadows Elementary School
25549 Taft Rd
Distance between this listing and this school0.73 miles
Public District Grades 5-6
9
/10
Deerfield Elementary School
26500 Wixom Rd
Distance between this listing and this school1.76 miles
Public District Grades KG-4
6
/10
Orchard Hills Elementary School
41900 Quince Dr
Distance between this listing and this school2.46 miles
Public District Grades KG-4
Nearby Schools
7
/10
Novi Middle School
49000 W 11 Mile Rd
Distance between this listing and this school1.68 miles
Public District Grades 7-8
5
/10
James R. Geisler Middle School
46720 W Pontiac Trl
Distance between this listing and this school2.84 miles
Public District Grades 6-8
7
/10
Sarah G. Banks Middle School
1760 Charms Rd
Distance between this listing and this school4.74 miles
Public District Grades 6-8
Nearby Schools
4
/10
Career Preparation
25345 Taft Rd
Distance between this listing and this school0.74 miles
Public District Grades 9-12
8
/10
Novi High School
24062 Taft Rd
Distance between this listing and this school1.66 miles
Public District Grades 9-12
7
/10
Walled Lake Western High School
600 Beck Rd
Distance between this listing and this school3.09 miles
The neighbors living near this home have an average income of $112,348. Most Novi, MI residents have annual incomes between $35k-100k. Typical family type is married, with kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 45800 Grand River Ave
What is the listing price of this property?
The listing price of 45800 Grand River Ave property is $1,200,000.
What type of property is this?
The property 45800 Grand River Ave is land located in Novi, Michigan, 48374.
Is this property for sale now?
Active Listing: 45800 Grand River Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $5,297 (source: MLS/based on county public records data).
How much acreage is this property?
The property 45800 Grand River Ave is 2.00 acres.
Interested in 45800 Grand River Ave? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 45800 Grand River Ave in Novi, MI and zip code 48374. This home sits on a 2.00 acre lot. It has been listed on Rocket Homes since June 03, 2024 and is currently priced at $1,200,000.
Over 23 listings were sold over their listed price in October 2024 in Novi, MI. In the same period over 26 listings were sold below the listed price and 8 listings were sold for the listed price. In October 2024 in Novi, MI there were 0.6% less homes for sale than in September 2024. In October 2024 median list price was $468,825 and the average listing age was 22 days.
From Rocket Homes Real Estate and based on county public records data.