40407 Franklin Mill St, Novi, MI 48375
OFF MARKET

$398,000

Trulia Estimate
  • 4 Beds
  • 3 Baths
  • 1,570 sqft

40407 Franklin Mill St, Novi, MI 48375

Est. Refi. Payment $2,711/mo*
Refinance Your Home
Currently Off Market - Sold May 2, 2016 for $238,000

Home Value

Trulia Estimate
$398K
Since last month
Decreased$6K (-1.6%)
Since last year
Decreased$8K (-1.9%)
Since last sale
Increased$160K (+67.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +62% in the last 10 years
MonthEstimated value
2026
October 2026$398K
September 2026$398K
August 2026$404K
July 2026$411K
June 2026$421K
May 2026$420K
April 2026$417K
March 2026$414K
February 2026$399K
January 2026$392K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
40652 Village Wood Rd, Novi, MI
0.22
Single-Family Home
$450,000
06/26/26
4
2.5
1,728
40437 Village Wood Rd, Novi, MI
0.13
Single-Family Home
$445,000
08/17/26
4
2.5
2,386
23316 Cranbrooke Dr, Novi, MI
0.12
Single-Family Home
$365,400
03/27/26
3
2
1,746
40435 Oak Tree Rd, Novi, MI
0.13
Single-Family Home
$418,500
06/30/26
4
2
1,734
23267 Willowbrook Dr, Novi, MI
0.16
Single-Family Home
$420,000
12/30/25
4
3.5
2,428
23658 Valley Starr, Novi, MI
0.23
Single-Family Home
$388,500
07/17/26
3
2
1,666
23053 Brook Forest Rd, Novi, MI
0.31
Single-Family Home
$475,000
05/15/26
4
2.5
2,124
23643 Nilan Dr, Novi, MI
0.21
Single-Family Home
$390,000
05/22/26
3
2
1,418
40368 Village Wood Rd, Novi, MI
0.08
Single-Family Home
$385,000
08/18/26
3
1.5
3,238
40610 Rock Hill Ln, Novi, MI
0.39
Single-Family Home
$351,900
12/30/25
3
1.5
1,550

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
40391 Franklin Mill St, Novi, MI 48375
0.01
$382,800
4
2
1,804
Off Market
40423 Franklin Mill St, Novi, MI 48375
0.02
$395,900
4
2
1,570
Off Market
40406 Guilford Rd, Novi, MI 48375
0.02
$398,400
3
1.5
1,500
Off Market
40375 Franklin Mill St, Novi, MI 48375
0.02
$450,500
4
1.5
2,170
Off Market
40390 Guilford Rd, Novi, MI 48375
0.02
$371,000
Studio
2
-
Off Market
40422 Guilford Rd, Novi, MI 48375
0.03
$366,600
4
2
1
Off Market
40374 Guilford Rd, Novi, MI 48375
0.03
$389,600
4
3
1,570
Off Market
40439 Franklin Mill St, Novi, MI 48375
0.04
$352,900
Studio
2
-
Off Market
40408 Franklin Mill St, Novi, MI 48375
0.04
$394,300
Studio
2
-
Off Market
40359 Franklin Mill St, Novi, MI 48375
0.04
$349,000
Studio
2
-
Off Market
40424 Franklin Mill St, Novi, MI 48375
0.04
$414,800
4
2.5
-
Off Market
40376 Franklin Mill St, Novi, MI 48375
0.04
$381,800
3
1.5
1,484
Off Market
40438 Guilford Rd, Novi, MI 48375
0.04
$402,400
4
2
2,256
Off Market
40358 Guilford Rd, Novi, MI 48375
0.04
$432,300
4
2
1,917
Off Market
40455 Franklin Mill St, Novi, MI 48375
0.05
$369,800
Studio
2
-
Off Market
40440 Franklin Mill St, Novi, MI 48375
0.05
$410,700
Studio
3
-
Off Market
40360 Franklin Mill St, Novi, MI 48375
0.05
$377,400
4
2
1,798
Off Market
40343 Franklin Mill St, Novi, MI 48375
0.05
$386,800
3
2
1,484
Off Market
40454 Guilford Rd, Novi, MI 48375
0.05
$353,800
Studio
2
-
Off Market
40342 Guilford Rd, Novi, MI 48375
0.06
$369,900
4
2
1,734
Off Market

Local Information

  • Map ViewExplore the area around 40407 Franklin Mill St.
  • Schools1 Preschool School3 Elementary Schools3 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1974
1,570 sqft
$254/sqft
Garage

About this House

Gorgeous Turn Key Colonial with Award Winning Novi Schools (Elementary School less than 1 Block). Large, Comfortable Living Room; Cozy Family Room with Fireplace, and built in Bookcases; Large Dining Room with Open Concept to Delightful and Updated Kitchen with Every Convenience. Beautiful Hardwood Floors throughout First Floor. Finished Basement With Glass Block Windows, Full Bath, and back-up Sump Pump system. Nice Size Fenced Yard, Garage Door and Garage Door Opener 2006, Vent in 2nd Floor Bathroom is New. Common Park Area with Pool, Clubhouse, and Playground. Great Home at an Affordable Price! See This Home and Stop Looking! Data Approximate. Highest & Best due 3/12/16 at 8pm.
40407 Franklin Mill St, Novi, MI 48375 is a 4 bedroom, 3 bathroom, 1,570 sqft single-family home built in 1974. It last sold for $238,000 on May 2, 2016. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $398,000, with a rent estimate of $2,628/month.

Home Details for 40407 Franklin Mill St

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2
Appliances & Utilities
Dishwasher
Fireplace & Spa
Fireplace

Property Information

Year Built
Year Built: 1974
Property Type / Style
Property Type: Single Family HomeArchitecture: Colonial

Exterior Features

Exterior Home Features
Exterior: Other
Parking & Garage
GarageParking: Garage Attached

Community

Units in Building: 1

Lot Information

Lot Area: 10018 sqft

Price and Tax history

DateEventPrice
May 2, 2016
Source: N/A
Sold
$238,000
Mar 9, 2016
Source: Agent Provided
Listed For Sale
$244,900
Dec 16, 2003
Source: N/A
Sold
$235,000
Jul 10, 2003
Source: MiRealSource #717884
Sold
$235,000

Market trends in Novi

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$435K
$3.33KMoM
Sale-to-List Price
100.1%
Price per sq ft
$200
$2MoM
Available listings
153
14MoM

Around this home

What Locals Say about Novi

At least 418 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 87 % Say it's dog friendly

  • 82 % Say parking is easy

  • 79 % Say yards are well-kept

  • 75 % Say it's quiet

  • 73 % Say there's holiday spirit

  • 70 % Say people would walk alone at night

  • 70 % Say kids play outside

  • 64 % Say there are sidewalks

  • 63 % Say there's wildlife

  • 53 % Say they plan to stay for at least 5 years

  • 47 % Say neighbors are friendly

  • 45 % Say streets are well-lit

  • 36 % Say it's walkable to grocery stores

  • 31 % Say there are community events

  • 30 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Terri Swift
    "The commute around the city is short. Everything is close by. The city does have reliable and convenient transportation. "
    0
    Flag
  • Holly.woodruff94
    "A few nice paved walking trails within 10 min of driving. Our neighborhood has a few containers with bags for dog waste. 2 dog parks within 10 min"
    0
    Flag
  • Peggy Posey
    "Lots of trees Well kept manicured Walking distance to shops and restaurants Family oriented Near freeways Close to hospital "
    0
    Flag
  • Chang Chen
    "There are so many parks and playgrounds for kids , my kids had a lot of fun here. I love our community."
    0
    Flag
  • Katie Haystead
    "Parks nearby are a great place for the community to meet. I recommend living here to anyone who is looking for a new home "
    1
    Flag
  • Holly.woodruff94
    "Love Novi! Several parks and a few lovely walking / Biking trails close by. I feel supported and safe here with police/ fire dept. "
    0
    Flag
  • Danielle Macintyre
    "We have a great 4th of July celebration BBQ every year, the whole family looks forward to it. I also love our pool events in the neighborhood. "
    0
    Flag
  • Y
    "Many responsible dog owners live in this area so feel comfort in owning dogs in the is area. Plenty of vets have offices too so plenty of choices."
    0
    Flag
  • Eboni Williams
    "We all get together and help one another out. We carpool with kids who go to school on the area as well."
    1
    Flag
  • Shelly2dion
    "I like the small town feel You always see somebody you know most people are friendly and I think it’s a great place to raise kids."
    0
    Flag
  • Danielle Macintyre
    "There aren’t any side walks in our neighborhood but there are tons of parks around to walk the dogs. "
    0
    Flag
  • Y
    "Annual Japan Festival held at Novi High School showcases variety of Japan’s food and cultural activities."
    0
    Flag
  • Hamilton248
    "Santa lunch, trick or treats, food trucks, movie nights, Easter bunny lunch, neighborhood dance party"
    0
    Flag
  • Rbalconi
    "It is a great community. Novi has a wonderful school district. Top in the state. It is a good place to raise a family. "
    0
    Flag
  • Peter E. .
    "Close to the freeways. Everything is 30 minutes or less. Traffic is high at rush hour and not so bad the rest of the day."
    4
    Flag
  • Rashawnda R.
    "Most people drive or utilize cab services. I have not seen any buses except for school buses.........."
    0
    Flag
  • Gerisha T.
    "I like the school district and the neighborhood seems to be safe and calm. The neighbors keep to them self and they all keep their property presentable. I constantly see the police patrolling the main roads. There are freeways near our home and this makes it easy to commute to work and back home. This is a great neighborhood for families and even single working adults."
    0
    Flag
  • Jsegal629
    "A lot of Novi does not actually fall into Novi School District. The school boundaries are wacky and carve out certain neighborhoods. Check the school district closely."
    5
    Flag
  • Gina M. T.
    "Euchre tournaments and block party annually in summer. The homeowner association has helped to facilitate this."
    0
    Flag
  • Gerisha T.
    "Hectic ride to work. Very busy and lots of people going to work at the same time. 696 is busy and moves a little slow going East until you pass Orchard Lake Rd."
    1
    Flag
  • Sparkyshapiro
    "Everyone is out walking and we have neighborhood celebrations. People are friendly. We have neighbors who have invited us for dinners and parties. "
    0
    Flag
  • John D.
    "It’s a nice place to live me where people take care of the lawn and are very friendly. There are a lot of places to go shopping with a variety of restaurants in the area"
    0
    Flag
  • Kevin H.
    "Quiet neighborhood and lots of room to walk and run. Our dogs love the lake and swimming. Xxxxxxxxcccxxxxxcxx"
    0
    Flag
  • Terri S.
    "Safety is precious and you can find that in Novi MI. Close to shopping and freeways. I moved here 2 years ago"
    3
    Flag
  • Monroe G.
    "Shopping and church events. This area offers everything within a short distance. And has wonderful community sport and recreational activities for the young and old alike. Finally the schools offer very unique school programs for the kids."
    0
    Flag
  • Terri S.
    "Quiet safe and close to restaurants and shopping. I moved here from Texas 2 years ago and have been very happy"
    0
    Flag
  • Laura G.
    "Too many dogs with owners not cleaning up after them and letting their dogs run with out leashes is frustrating "
    0
    Flag
  • William W. S.
    "Dog owners not picking up there dogs mess, and some not having their dogs on leashes when walking their dogs. "
    0
    Flag
  • Waylon G.
    "Great place, but the cost of rent is a little high for the quality of the rentals. But it’s the most comparable in the area. "
    0
    Flag
  • Troye114
    "I was born and raised here and I love my neighborhood. Novi is full of pretentious people but this neighborhood is very honest, kind, and neighborly. "
    0
    Flag
  • Niccole S.
    "I see people walking their dogs all the time. They are good about taking care if any messes and are curteous"
    0
    Flag
  • Azizaaskari
    "Awesome! Close to all major highways. Secure and safe as well. Would recommend anyone to live here. Has good schools as well "
    0
    Flag
  • Kimberly
    "It is a great neighborhood to raise children in. Very safe with very low crime. Beautiful area. Good sense of community in Novi. Great schools."
    0
    Flag
  • Alicia P.
    "really good public schools; I believe the elementary school and high school are nationally ranked. very safe area with many families and pet owners (good for pets, nice pet boutiques nearby) "
    0
    Flag
  • Veronica S.
    "Kid friendly and safe ... great schools and lots of playgrounds. Insurance rates are lower than the city "
    0
    Flag
  • Justin D.
    "I'm new to the area but so far what makes it unique is the Diversity when it comes to the people and things to do. It is perfect for me and my family. "
    1
    Flag
  • Fontainetiffany
    "amazing neighbors within walking distance of the hospital including restaurants and grocery stores. "
    0
    Flag
  • Helen
    "Quite, safe, good school, friendly neighborhood, walk distance to the park, grocery, pharmacy. Kids friendly."
    1
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 40407 Franklin Mill St

  • What is 40407 Franklin Mill St estimated to be worth?
    Trulia's estimated value for 40407 Franklin Mill St in Novi, MI is $398,000.
  • What is the price history for 40407 Franklin Mill St?
    40407 Franklin Mill St in Novi, MI last sold for $238,000 in May 2016.
  • Is Novi a buyer's or seller's market?
    Novi is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Novi?
    The median sale price in Novi is $435K. That is up $3.33K from the prior month.
  • Does 40407 Franklin Mill St have air conditioning?
    Yes, 40407 Franklin Mill St in Novi, MI has air conditioning.
  • How big is the lot at 40407 Franklin Mill St?
    The lot at 40407 Franklin Mill St in Novi, MI is about 0.23 acres (10,018 sq ft).

Explore by feature - Pet Friendly

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Explore by feature - Pool

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Off Market Homes Near 40407 Franklin Mill St

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