Sold
40661 Oakwood Drive, Novi, MI
Sold on 02/09/2026 for$412,000
MLS # 20261002506 (Realcomp)
3 beds2 baths1,484 sqftBuilt 19730.26 acres
1 / 25
Listing Description
Welcome to 40661 Oakwood Dr in Novi! This charming 3-bedroom, 1.5-bath ranch offers comfortable single-level living with an attached two-car garage and a full unfinished basement—perfect for storage or future expansion. Set on a quiet street, the home features a functional layout with great potential to make it your own. A solid opportunity in a desirable Novi location. This home has had all new flooring installed along with completely refurbished bathrooms and kitchen!
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 1,484 sq ft home built in 1973 sits in Novi in Novi.
Final sale price: $412,000 (about $278/sq ft).
Annual property taxes run approximately $4,567 ($381/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 7 providers. 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 Area1,484 sqft
Lot Size0.26 acres
Year Built1973
Stories1
Location
CityNovi
MunicipalityNovi Twp
CountyOakland
School DistrictNovi
Construction & Systems
ConstructionBrick
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed1/12/2026
Sold Date2/8/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$305 / Annually
Source: SparkMLS
Tax Information
Annual Tax$7,515
State Equalized Value$165,730
Taxable Value$165,730
Parcel #2225380004
Source: Public Records
Legal Description
T1N, R8E, SEC 25 HEATHERWYKE SUB LOT 130
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Kyle M Lang
RE/MAX Dream Properties
Frequently Asked Questions about 40661 Oakwood Drive, Novi, MI
What school district is 40661 Oakwood Drive, Novi, MI in?
Per MLS# 20261002506, 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 40661 Oakwood Drive, Novi, MI?
Per MLS# 20261002506, 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# 20261002506, the most recent reported annual property tax for 40661 Oakwood Drive, Novi, MI is $7,515. 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 40661 Oakwood Drive, Novi, MI eligible for USDA financing?
Per USDA Rural Development boundary data, 40661 Oakwood Drive, 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, 40661 Oakwood Drive, 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 40661 Oakwood Drive, Novi, MI?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 40661 Oakwood Drive, Novi, MI. The maximum advertised download speed is 1.0 Gbps. 7 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.
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Tax Estimate
$
Annual tax$4,567
Monthly$381
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$2,999
Principal & interest$2,594
Property taxes$381
HOA$25
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1 Gbps
Upload
35 Mbps
CableGSO SatelliteDSLSatelliteLicensed Fixed Wireless
7 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
40661 Oakwood Drive, Novi, MI
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Municipality
Novi
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County
Oakland County
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