NOT LISTED FOR SALE

40488 Franklin Mill St Novi, MI 48375

Estimated Value: $466,000 - $525,519

4 Beds
3 Baths
1,882 Sq Ft
$264/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $323,500 $172 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,034/month

3 Days on Market

Highlights

  • Outdoor Pool
  • Clubhouse
  • 2 Car Direct Access Garage
  • Novi High School Rated A+
  • Ranch Style House
  • Bar Fridge

About This Home

As of July 2018

SPACIOUS NOVI BRICK RANCH!! DON'T MISS THIS ONE, IT WON'T LAST LONG! 4 BEDROOM, 3 BATH RANCH WITH FINISHED BASEMENT. UPDATED EAT-IN KITCHEN W/GRANITE COUNTERS, TILE BACKSPLASH AND STAINLESS STEEL APPLIANCES. HUGE FINISHED LOWER LEVEL HAS REC AREA, WET BAR, FULL BATH W/LARGE UPDATED SHOWER AND A SAUNA. FAMILY ROOM W/NATURAL FIREPLACE AND DOOR WALL TO PATIO. SPACIOUS FORMAL LIVING AND DINING ROOMS. 2 CAR ATTACHED GARAGE. BEAUTIFUL LOT W/MATURE TREES AND EXTENSIVE LANDSCAPING. ENJOY THE SUMMER EVENINGS ON THE LARGE PATIO. SUB OFFERS COMMON POOL AND CLUBHOUSE!

Last Agent to Sell the Property

Jamey Kramer

RE/MAX Classic License #6501261596 Listed on: 06/07/2018

RE/MAX Classic

Last Buyer's Agent

Frank Mastroianni

Real Estate One-Livonia License #RCO-6501329185

Real Estate One-Livonia

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1974

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80x125

HOA Fees

  • $21 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 1,882 Sq Ft Home
  • Wet Bar
  • Bar Fridge
  • Family Room with Fireplace
  • Finished Basement
  • Sump Pump
  • Attic Fan

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Eco-Friendly Details

  • Air Purifier

Outdoor Features

  • Outdoor Pool
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2225251017

Community Details

Overview

  • Fairfield Farms Sub Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,486

Year Built

Built in 1974

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 81.12
  • Year Built: 1974
  • Foundation Features: Sump Pump
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Air Purifier, Cable Available, High Spd Internet Avail, Humidifier, Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Family Room
  • Room Count: 13
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Bar Fridge, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Sq Ft Combined: 3764
  • Sq Ft Lower Floor: 1882
  • Total Sq Ft: 1882
  • Sq Ft Total Bsmt: 1882

Exterior Features

  • Roof Material: Asphalt
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Club House, Pool – Community
  • Foundation Materials: Poured
  • Frontage Feet: 80
  • Porch Type: Patio
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached, Direct Access, Door Opener, Electricity
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Attic Fan, Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Fee: 250
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1434782.6087
  • Lot Size Area: 0.23
  • Lot Dimensions: 80X125
  • Parcel Number: 2225251017

Tax Info

  • Tax Amount Summer: 2839.0000
  • Tax Amount Winter: 647.0000
  • Total Tax: 3486.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2018
Closed on
Jul 20, 2018
Sold by
Perttunen Rudolph A and Perttunen Victoria M
Bought by
Austin Nicole
Seller's Agent
Jamey Kramer
RE/MAX Classic
Buyer's Agent
Frank Mastroianni
Real Estate One-Livonia
List Price
$330,000
Sold Price
$323,500
Premium/Discount to List
-$6,500
-1.97%
Current Estimated Value
$496,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,880
Avg. Annual Appreciation
6.07%
Original Mortgage
$305,900
Outstanding Balance
$265,694
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$230,686
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Austin Nicole $323,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Austin Nicole $305,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2018 07/20/18 Sold $323,500 -2.0% $172 / Sq Ft
06/10/2018 06/10/18 Pending -- -- --
06/07/2018 06/07/18 For Sale $330,000 -- $175 / 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 $4,666 $191,840 $0 $0
2022 $5,203 $181,510 $0 $0
2020 $4,218 $164,050 $20,600 $143,450
2015 -- $114,100 $0 $0
2014 -- $87,450 $0 $0
2011 -- $95,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jamey Kramer

    Seller's Agent in 2018

    Jamey Kramer

    RE/MAX of Southeast Michigan

    (248) 348-7200

    84 in this area

    247 Total Sales

    Jamey Kramer
    Section Image
  • Frank Mastroianni

    Buyer's Agent in 2018

    Frank Mastroianni

    Real Estate One-Livonia

    (248) 912-5512

    6 in this area

    197 Total Sales

    Frank Mastroianni
    Section Image
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Map

Source: Realcomp

MLS Number: 218045706

Realcomp

APN: 22-25-251-017

Michigan Oakland County Novi 48375

40488 Franklin Mill St, Novi, MI

This home is located at 40488 Franklin Mill St, Novi, MI 48375 since 07 June 2018 and is currently estimated at $496,380, approximately $263 per square foot. This property was built in 1974. 40488 Franklin Mill St is a home located in Oakland County with nearby schools including Novi High School, Village Oaks Elementary 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
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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

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