Sold
40920 MALOTT Drive, Novi, MI
Sold on 06/06/2025 for$321,000
MLS # 20250017982 (Realcomp)
3 beds1 bath1,356 sqftBuilt 19560.26 acres
1 / 22
Listing Description
Welcome to this expansive 3-bedroom ranch home, featuring an open floor plan for a modern, airy feel. The living area includes a natural fireplace, and the updated kitchen is spacious, with ample cabinet storage and modern appliances, all included. Additionally, the home boasts a lovely three-season room offering picturesque views of the large, private, fenced backyard, complete with mature trees. A generous storage room and an attached two-car garage provide added convenience. The home also offers a spacious attic for extra storage. Situated in a peaceful and vibrant neighborhood, residents enjoy seasonal activities organized by a friendly, neighbor-run association with minimal dues. This home is move-in ready and available for immediate occupancy. BATVAI.
Source: SparkMLS
About this home
3-bedroom, 1-bath, 1,356 sq ft home in Novi in Novi built in 1956.
This home sold for $321,000 (about $237/sq ft).
Property tax estimate: $4,036 per year ($336/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. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 9 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,356 sqft
Lot Size0.26 acres
Year Built1956
Stories1
Location
CityNovi
MunicipalityNovi City
CountyOakland
School DistrictNovi
Construction & Systems
ConstructionAluminum Siding, Brick
BasementSlab
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed3/10/2025
Sold Date6/5/2025
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$15 / Annually
Source: SparkMLS
Tax Information
Annual Tax$3,921
State Equalized Value$146,470
Taxable Value$109,460
Parcel #2225105018
Source: Public Records
Legal Description
T1N, R8E, SEC 25 WILLOWBROOK ESTATES SUB NO 2 LOT 256
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Bryan D Gill
Coldwell Banker Town & Country
Frequently Asked Questions about 40920 MALOTT Drive, Novi, MI
Which school district serves 40920 MALOTT Drive, Novi, MI?
Per MLS# 20250017982, 40920 MALOTT Drive, 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.
Can I use FHA or VA financing for this property?
Per MLS# 20250017982, 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 40920 MALOTT Drive, Novi, MI?
Per public tax records, annual property taxes for this property are $3,921. 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, 40920 MALOTT 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.
Is 40920 MALOTT Drive, 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 available at 40920 MALOTT Drive, Novi, MI. The maximum advertised download speed is 5.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 40920 MALOTT Drive, 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$4,036
Monthly$336
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$2,471
Principal & interest$2,134
Property taxes$336
HOA$1
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableGSO SatelliteLicensed Fixed WirelessSatelliteDSL
9 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
40920 MALOTT Drive, Novi, MI
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Municipality
Novi
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County
Oakland County
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