Property Facts
27000 S Karevich Dr, Novi, MI is a commercial (general) home that was built in 1981.
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County:OAKLAND
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Year Built:1981
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Living Area:-
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Lot Size:326,700 Sq. Ft.
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Zone:C
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Parcel:50-22-15-200-094
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Bedrooms:-
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Bathrooms:-
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Owner:NOVI OAKS HOTEL, LLC
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Property History
Tax History
Year
Taxes
Total Assessment
2023
$235,482 (+42.83%)
$4,443,940 (-13.41%)
2020
$164,872 (0%)
$5,132,300 (0%)
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Comparable Homes
Sales in a non-disclosure state
Address
Sold Price
Details
27000 S Karevich Dr
Novi, MI 48377
This Property
-
1981 Year Built
1
28101 Carlton Way
Novi, MI 48377
$328,000
2 Bed
2 Bath
1,488 Sq. Ft.
1900 Year Built
2
44613 ELLERY Lane
Novi, MI 48377
$338,198
2 Bed
2 Bath
1,518 Sq. Ft.
2012 Year Built
3
28034 Carlton Way Drive
Novi, MI 48377
$312,000
2 Bed
2 Bath
1,491 Sq. Ft.
2000 Year Built
4
28067 Carlton Way Drive
Novi, MI 48377
$333,000
2 Bed
2 Bath
1,491 Sq. Ft.
2000 Year Built
5
28243 CARLTON WAY Drive Unit 37
Novi, MI 48377
$324,720
2 Bed
2 Bath
1,491 Sq. Ft.
2000 Year Built
6
25983 Creek Crossing
Novi, MI 48375
$625,000
4 Bed
3 Bath
2,188 Sq. Ft.
1997 Year Built
7
44771 ELLERY Lane
Novi, MI 48377
$275,000
2 Bed
1 Bath
1,212 Sq. Ft.
2005 Year Built
8
28231 Carlton Way
Novi, MI 48377
$317,600
2 Bed
2 Bath
1,491 Sq. Ft.
1900 Year Built
9
28071 CARLTON WAY Drive
Novi, MI 48377
$335,000
2 Bed
2 Bath
1,579 Sq. Ft.
2000 Year Built
10
28305 Carlton Way Drive
Novi, MI 48377
$325,000
2 Bed
2 Bath
1,504 Sq. Ft.
2000 Year Built
Sales in a non-disclosure state
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Market Trends
Novi
48377
Median Sold Price
The median sold price is the middle price of all the properties that have actually been sold within a specific period.
Using the median sold price can provide valuable insights into actual market transactions and buyer behavior.
Aug 2024
$462,500
Jul 2025
$514,950
Change
+11.3%
1 Year
2 Years
5 Years
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Median Sales Price Per Square Foot
Median Sales Price Per Square Foot provides a quick, high-level way to evaluate appreciation or depreciation of property
values over time in the selected area. Using the price per square foot can help you estimate a property's market value.
1 Year
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5 Years
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Average Days on Market
Average Days on Market represent the average number of days a property takes to sell. Using Average Days on Market
can help provide insights into the speed at which properties are selling in a particular area or market.
Aug 2024
51 Days
Jul 2025
50 Days
Change
-2%
1 Year
2 Years
5 Years
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Supply and Demand
The following chart shows the relationship between properties for sale (supply) and properties sold (demand) in the
specified market, where available.
For Sale
Sold
1 Year
2 Years
5 Years
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Months of Supply
This chart shows how many months it would take to sell the available inventory in the specified market. A higher Months of
Supply generally indicates a buyer's market while a lower Months of Supply generally indicates a seller's market.
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Area Statistics
People
ZIP (48377)
City (Novi)
Population
16,275
65,369
Population Density
1,693.9
2,161.3
People Per Household
2.1
2.5
Median Age
38.4
39.8
Median Household Income
$73,345
$100,311
Average Income
$45,898
$55,807
Economy
ZIP (48377)
City (Novi)
Unemployment
1.60%
1.10%
Recent Job Growth
0.83%
0.83%
Future Job Growth
45.92%
46.67%
Sales Tax
6.00%
6.00%
Income Tax
4.25%
4.25%
Cost of Living Index
123.4
133.3
Environment
ZIP (48377)
City (Novi)
Altitude
936
909
Rainfall (Inches Annually)
32
32.5
Snowfall (Inches Annually)
41.8
41.9
January Avg. Low Temp
15.7
15.6
July Avg. High Temp
82.1
82.3
Days of Precipitation Annually
136
136
Days Mostly Sunny Annually
180
177
Comfort Index (During Hot Weather)
6
6
Source: Sperling's Best Places
Nearby Schools
Rating
School Name
Grades
Distance
K-4
1.2 mi
9-12
1.9 mi
7-8
2.7 mi
K-12
1 mi
9-12
2.9 mi
Data provided by GreatSchools.org © 2025.
All rights reserved.
