For Sale
40368 Village Wood Road, Novi, MI
$399,900
MLS # 20261048505 (Realcomp)
3 beds2 baths3,238 sqftBuilt 19730.28 acres
1 / 49
Listing Description
Don’t miss this incredible opportunity in the highly sought after Village Oaks neighborhood! 3 bedroom, 1 and a half bath ranch - ready for you to move in and make your own. This home features a NEW ROOF (2024), gas fireplace, sky lights that fill the space with natural light, and a newly finished basement. Annual HOA fee gives you access to the gorgeous pond, swimming pool, playground, and clubhouse. Novi schools! Secluded feel while still close to restaurants, freeways, and more!
Source: SparkMLS
About this home
Located in Novi in Novi, this property offers 3-bedroom, 2-bath, 3,238 sq ft, with original construction dating to 1973.
Currently offered at $399,900 (about $124/sq ft).
Annual property taxes run approximately $4,912 ($409/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area3,238 sqft
Lot Size0.28 acres
Year Built1973
Stories1
Location
CityNovi
MunicipalityNovi City
CountyOakland
School DistrictNovi
Construction & Systems
ConstructionBrick, Vinyl Siding
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Finished, Humidifier
Sale & Financing
Listed6/30/2026
Original Price$410,000
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$325 / Annually
Source: SparkMLS
Tax Information
Annual Tax$4,178
State Equalized Value$178,240
Taxable Value$111,040
Parcel #2225401008
Source: Public Records
Legal Description
T1N, R8E, SEC 25 FAIRFIELD FARMS SUB LOT 3
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Sandra Blake
National Realty Centers, Inc
Frequently Asked Questions about 40368 Village Wood Road, Novi, MI
What school district is 40368 Village Wood Road, Novi, MI in?
Per MLS# 20261048505, this property is served by Novi. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20261048505, 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# 20261048505, the most recent reported annual property tax for 40368 Village Wood Road, Novi, MI is $4,178. 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 40368 Village Wood Road, Novi, MI eligible for USDA financing?
Per USDA Rural Development boundary data, 40368 Village Wood Road, 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, 40368 Village Wood Road, 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.
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$4,912
Monthly$409
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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%
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Monthly payment$3,030
Principal & interest$2,594
Property taxes$409
HOA$27
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
40368 Village Wood Road, Novi, MI
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Municipality
Novi
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County
Oakland County
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