Sold for $440,000

$440,000

40504 Franklin Mill St, Novi, MI 48375

3beds

3,045sqft

Single Family Residence

Built in 1975

10,018 Square Feet Lot

$457,000 Zestimate^®

$144/sqft

$3,025 Estimated rent

Home value

$457,000

$425,000 - $494,000

$3,025/mo

Zestimate^® history

Owner options

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$3,025/mo

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$3,025/mo

Rent Zestimate^®

Refinance and save

$3,197/mo

Est. payment

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$3,197/mo

Est. payment

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What's special

Welcome to this inviting ranch-style home offering the perfect blend of comfort and convenience. Freshly painted with new carpet, AND in Novi school district. With 3 spacious bedrooms and 2.5 bathrooms, this home is ideal for families or those who love to entertain. The main living space flows effortlessly from the bright living room to the modern kitchen, creating a welcoming environment for gatherings. Includes stainless steel appliances and ample counter space. A Master suite that's a serene retreat with an en-suite bathroom featuring a double vanity and walk-in shower, along with a jetted tub. Schedule your showing today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Forced Air, Natural Gas

Cooling

Ceiling Fans, Central Air

Appliances

Included: Dryer, Free Standing Gas Range, Free Standing Refrigerator, Microwave, Washer

Features

Basement: Partially Finished
Has fireplace: Yes
Fireplace features: Gas, Great Room

Interior area

Total interior livable area: 3,045 sqft
Finished area above ground: 1,845
Finished area below ground: 1,200

Property

Parking

Total spaces: 2
Parking features: Two Car Garage, Attached, Direct Access, Electricityin Garage, Garage Door Opener
Attached garage spaces: 2

Features

Levels: One
Stories: 1
Entry location: GroundLevelwSteps
Patio & porch: Patio, Porch
Pool features: None

Lot

Size: 10,018 Square Feet
Dimensions: 80.00 x 125.00

Details

Parcel number: 2225251016
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Brick, Vinyl Siding, Wood Siding
Foundation: Basement, Poured, Sump Pump

Condition

New construction: No
Year built: 1975

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: FAIRFIELD FARMS SUB

HOA

Has HOA: Yes
HOA fee: $266 annually

Location

Region: Novi

Financial & listing details

Price per square foot: $144/sqft
Tax assessed value: $172,390
Annual tax amount: $6,280
Date on market: 1/23/2025
Cumulative days on market: 5 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA

Price history

Date	Event	Price
2/14/2025	Sold	$440,000+3.5%$144/sqft
Source: Realcomp II #20250004708 Report a problem
1/26/2025	Pending sale	$425,000$140/sqft
Source: Realcomp II #20250004708 Report a problem
1/23/2025	Listed for sale	$425,000+37.1%$140/sqft
Source: Realcomp II #20250004708 Report a problem
9/23/2019	Sold	$310,000-1.6%$102/sqft
Source: Public Record Report a problem
8/13/2019	Pending sale	$315,000$103/sqft
Source: RE/MAX Classic #219076589 Report a problem
8/2/2019	Listed for sale	$315,000+5%$103/sqft
Source: RE/MAX Classic #219076589 Report a problem
6/15/2019	Listing removed	$300,000$99/sqft
Source: RE/MAX Classic #219047722 Report a problem
6/10/2019	Price change	$300,000-4.8%$99/sqft
Source: RE/MAX Classic #219047722 Report a problem
5/29/2019	Price change	$315,000-3.1%$103/sqft
Source: RE/MAX Classic #219047722 Report a problem
5/22/2019	Listed for sale	$325,000+18.2%$107/sqft
Source: RE/MAX Classic #219047722 Report a problem
5/13/2005	Sold	$274,900$90/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$210,130 +12.7%
2024	--	$186,440 +8.1%
2023	--	$172,450 +5.7%
2022	--	$163,100 +4.7%
2021	--	$155,750 +4.3%
2020	--	$149,300 +11.8%
2019	--	$133,550 +13.2%
2015	--	$118,000 +30.7%
2014	--	$90,300 -8.7%
2011	--	$98,950 -8.6%
2010	--	$108,250
2009	--	$108,250 -14.6%
2003	--	$126,750 +7.6%
2002	--	$117,750 +43%
2001	$3,160 +12.4%	$82,320 +3.2%
2000	$2,811	$79,770