Sold
40309 Franklin Mill Street, Novi, MI
Sold on 09/30/2025 for$398,000
MLS # 20251016520 (Realcomp)
4 beds2 baths2,556 sqftBuilt 19750.26 acres
1 / 40
Listing Description
Welcome to this exceptionally spacious 4-bedroom, 2-bath bi-level, one of the largest bi-level in the sub. Located in Novi, This well-maintained property offers an ideal layout for comfortable everyday living and entertaining, featuring a bright and inviting living room with a cozy gas fireplace, plus a large family room with a second gas fireplace—perfect for gatherings or relaxing evenings at home.The main level also includes an updated, generously sized kitchen with ample cabinet and counter space, opening to a dining area with views of the backyard. A convenient first-floor laundry/utility room adds function and flexibility. All four bedrooms are nicely sized, offering plenty of closet space and natural light. Roof installed in 2024. Sprinklers includedEnjoy the neighborhood amenities including a community pool, park, and sidewalks throughout the subdivision. Located within the award-winning Novi School District, right at the end of the street! Just minutes from shopping, dining, and major expressways, this home offers the perfect blend of space, location, and lifestyle.
Source: SparkMLS
About this home
4-bedroom, 2-bath, 2,556 sq ft home in Novi in Novi built in 1975.
This home sold for $398,000 (about $156/sq ft).
Property tax estimate: $4,865 per year ($405/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Broadband is available with download speeds up to 1,000 Mbps from 8 providers. Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms2
Living Area2,556 sqft
Lot Size0.26 acres
Year Built1975
Stories2
Location
CityNovi
MunicipalityNovi Twp
CountyOakland
School DistrictNovi
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementPartial
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Partially Finished
Sale & Financing
Listed7/13/2025
Sold Date9/29/2025
Original Price$419,900
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$273 / Annually
Source: SparkMLS
Tax Information
Annual Tax$6,363
State Equalized Value$176,560
Taxable Value$158,310
Parcel #2225252014
Source: Public Records
Legal Description
T1N, R8E, SEC 25 FAIRFIELD FARMS SUB LOT 38
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Madhavi Kondapalli
Century 21 Professionals Livonia
Frequently Asked Questions about 40309 Franklin Mill Street, Novi, MI
What school district is 40309 Franklin Mill Street, Novi, MI in?
Per MLS# 20251016520, this property is served by Novi. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 40309 Franklin Mill Street, Novi, MI?
Per MLS# 20251016520, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20251016520, the most recent reported annual property tax for 40309 Franklin Mill Street, Novi, MI is $6,363. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 40309 Franklin Mill Street, Novi, MI eligible for USDA financing?
Per USDA Rural Development boundary data, 40309 Franklin Mill Street, Novi, MI is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 40309 Franklin Mill Street, Novi, MI is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is fiber internet available at 40309 Franklin Mill Street, Novi, MI?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 40309 Franklin Mill Street, Novi, MI. The maximum advertised download speed is 1.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Oakland County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$4,865
Monthly$405
Millage rate27.5569 mills
Municipality: CITY OF NOVI
School district: NORTHVILLE PUBLIC SCHOOLS
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
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Monthly payment$3,087
Principal & interest$2,659
Property taxes$405
HOA$23
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1 Gbps
Upload
35 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
40309 Franklin Mill Street, Novi, MI
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Municipality
Novi
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County
Oakland County
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