Sold
40521 FRANKLIN MILL Street, Novi, MI
Sold on 05/22/2025 for$438,000
MLS # 20250027090 (Realcomp)
3 beds2 baths1,964 sqftBuilt 19750.26 acres
1 / 25
Listing Description
*****Multiple Offers Received.. OFFER DEADLINE Sunday 4/27 at 1:00 pm. ***** Open house canceled for Sunday 4/27. Looking for a house in the highly top rated school district of Novi, close to all the modern amenities and freeway access? This beautifully updated ranch with three bedrooms and one and a half bathrooms is a perfect place to call home. The open concept kitchen, dining, and living room boasts beautiful granite countertops, updated cabinetry, and statement fireplace. This beautiful space is the perfect place to entertain, especially with sliding door access to a very private back patio. The impeccably partially finished basement also offers additional living space, plus tons of storage. This home has a newer roof, newer furnace, newer water heater, and is perfectly move in ready! The HOA includes access to a community pool and playground, and is walking distance to the nearest elementary school. This house won’t last, so book your showing today, and call this Novi Ranch your new home.
Source: SparkMLS
About this home
3-bedroom, 2-bath, 1,964 sq ft home in Novi in Novi built in 1975.
Closed at $438,000 (about $223/sq ft).
Estimated annual property tax: $4,810, or about $401 monthly. 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. Broadband is available with download speeds up to 1,000 Mbps from 8 providers.
Tour
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,964 sqft
Lot Size0.26 acres
Year Built1975
Stories1
Location
CityNovi
MunicipalityNovi City
CountyOakland
School DistrictNovi
Construction & Systems
ConstructionBrick
BasementPartial
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Partially Finished
Sale & Financing
Listed4/23/2025
Sold Date5/21/2025
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$315 / Annually
Source: SparkMLS
Tax Information
Annual Tax$3,891
State Equalized Value$174,530
Taxable Value$108,560
Parcel #2225252001
Source: Public Records
Legal Description
T1N, R8E, SEC 25 FAIRFIELD FARMS SUB LOT 51
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Kate DeCavitte
Max Broock, REALTORS-Royal Oak
Frequently Asked Questions about 40521 FRANKLIN MILL Street, Novi, MI
Which school district serves 40521 FRANKLIN MILL Street, Novi, MI?
Per MLS# 20250027090, 40521 FRANKLIN MILL Street, Novi, MI is in the Novi boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Novi directly to confirm enrollment eligibility.
What financing options are available for 40521 FRANKLIN MILL Street, Novi, MI?
Per MLS# 20250027090, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 40521 FRANKLIN MILL Street, Novi, MI?
Per public tax records, annual property taxes for this property are $3,891. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 40521 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.
Is 40521 FRANKLIN MILL Street, Novi, MI in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 40521 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.
What utilities serve 40521 FRANKLIN MILL Street, Novi, MI?
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.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$4,810
Monthly$401
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$3,015
Principal & interest$2,588
Property taxes$401
HOA$26
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
40521 FRANKLIN MILL Street, Novi, MI
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Municipality
Novi
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County
Oakland County
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