NOT LISTED FOR SALE

40127 Oak Tree Novi, MI 48375

Estimated Value: $420,000 - $445,283

4 Beds
1.5 Baths
1,865 Sq Ft
$232/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $312,500 $168 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,804/month

49 Days on Market

Highlights

  • Colonial Architecture
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Village Oaks Elementary School Rated A+

About This Home

As of August 2021

Back on market due to buyers financing not going through! Welcome to this spacious 4 bedroom colonial in highly desired Novi subdivision. This house offers a large living room and family room with vaulted ceilings. An open concept dining room with beautiful hardwood floors. Top rated Novi schools and a community clubhouse with a pool. Set up your showing today. BATVAI

Last Agent to Sell the Property

Robert Rech

RE/MAX Dream Properties License #6501400572 Listed on: 06/10/2021

RE/MAX Dream Properties

Last Buyer's Agent

Michael Stefaniak

Keller Williams Advantage License #6501424654

Keller Williams Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1975

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80.00x125.00

HOA Fees

  • $23 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 1,865 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • Fairfield Farms Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2225251013

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,354

Year Built

Built in 1975

Lot Details

0

HOA Fees

$23 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 86.98
  • Year Built: 1975
  • State Equalized Value: 129250.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Room Count: 10
  • Total Bedrooms: 4
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1865
  • Total Sq Ft: 1865
  • Sq Ft Total Bsmt: 400

Exterior Features

  • Foundation Details: Crawl, Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 40
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Fee: 281
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.23
  • Lot Dimensions: 80.00X125.00
  • Parcel Number: 2225251013

Tax Info

  • Tax Amount Summer: 2727.0000
  • Tax Amount Winter: 627.0000
  • Total Tax: 3354.0000
  • Taxable Value: 85850.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Aug 31, 2021
Sold by
Ciolli Lisa M
Bought by
Stefaniak Michael
Seller's Agent
Robert Rech
RE/MAX Dream Properties
Buyer's Agent
Michael Stefaniak
Keller Williams Advantage
List Price
$320,000
Sold Price
$312,500
Premium/Discount to List
-$7,500
-2.34%
Current Estimated Value
$432,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,821
Avg. Annual Appreciation
7.96%
Original Mortgage
$250,000
Outstanding Balance
$229,946
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$193,984

Purchase Details

Closed on
Aug 5, 2005
Sold by
Traylor Joseph J and Traylor Sherri L
Bought by
Ciolli Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,600
Interest Rate
5.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 1998
Sold by
Pietrangelo James S
Bought by
Traylor Joseph J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,900
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 1997
Sold by
Heinowski Richard T
Bought by
Pietrangelo James S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stefaniak Michael $312,500 Stg
Ciolli Lisa M $242,000 Trans
Traylor Joseph J $190,500 --
Pietrangelo James S $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stefaniak Michael $250,000
Previous Owner Ciolli Lisa M $172,000
Previous Owner Ciolli Lisa M $193,600
Previous Owner Ciolli Lisa M $24,200
Previous Owner Traylor Joseph J $200,000
Previous Owner Traylor Joseph J $180,000
Previous Owner Traylor Joseph J $161,900
Previous Owner Pietrangelo James S $153,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $312,500 -2.3% $168 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $320,000 0.0% $172 / Sq Ft
07/06/2021 07/06/21 Pending -- -- --
07/01/2021 07/01/21 Price Changed $320,000 -3.0% $172 / Sq Ft
06/10/2021 06/10/21 For Sale $330,000 -- $177 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $5,117 $167,280 $0 $0
2022 $5,700 $154,540 $0 $0
2020 $2,727 $129,250 $20,600 $108,650
2015 -- $95,550 $0 $0
2014 -- $78,400 $0 $0
2011 -- $89,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Rech

    Seller's Agent in 2021

    Robert Rech

    RE/MAX Dream Properties

    (734) 748-4594

    1 in this area

    120 Total Sales

    Robert Rech
    Section Image
  • Michael Stefaniak

    Buyer's Agent in 2021

    Michael Stefaniak

    Keller Williams Advantage

    (248) 497-9657

    5 in this area

    6 Total Sales

    Michael Stefaniak
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2210043443

Realcomp

APN: 22-25-251-013

Michigan Oakland County Novi 48375

40127 Oak Tree, Novi, MI

This home is located at 40127 Oak Tree, Novi, MI 48375 since 10 June 2021 and is currently estimated at $432,321, approximately $231 per square foot. This property was built in 1975. 40127 Oak Tree is a home located in Oakland County with nearby schools including Village Oaks Elementary School, Novi High School, and Novi Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes