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$425,000

Beds
3
Baths
2.5
sq ft
1,845

40504 Franklin Mill Rd, Novi, MI 48375

40504 Franklin Mill Rd

Novi, MI 48375

  • Pending
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!

Details

Property type

Single Family Residence

Est. home value

$411,279

Lot size

0.23 acres

Price per sq ft

$231

Year built

1975

Annual property taxes

$6,280

Monthly HOA fee

$22.17

Price History

01/26/2025
Realcomp

Realcomp #20250004708

Pending
$425,000
01/21/2025
Realcomp

Realcomp #20250004708

Listed
$425,000
+37.1%
09/05/2019
Realcomp

Realcomp #219076589

Sold
$310,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Novi

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$283,789
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$107,211
Cash to seller
$283,789

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Amerisave Mortgage Corp

Loan start date

January 2021

Original loan amount

$140,000

Est. remaining balance

$107,211

Interest rate

2.28%

Loan type

New Conventional, 15 year

Seller

Marcos Martinez Perez and Martha Elena Camacho Martinez

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Tomo last checked: 02/02/2025 at 2:30 AM

Listing updated: 01/26/2025 at 8:24 AM

Listed by: Yasmin Rogers, EXP Realty Main Phone #: (888) 501-7085

MLS: Realcomp #20250004708

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