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Jenn Smart

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25157 Franklin Terrace , South Lyon, MI 48178
$89,000
Est. Payment: $463.79/mo
2 Bed
2 Bath
600 Sqft
Status: active | Days on site: 30
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Here's a second chance for those who missed out on this lovely unit when it was first listed. Previous buyer was not approved by the HOA. No issues with the property. Welcome home to this beautifully maintained, move-in ready ranch co-op in one of South Lyon's most desirable 55+ communities! A beautiful option for affordable, retirement or snow-bird living. Enjoy carefree living with access to a clubhouse, sparkling community pool and beautifully maintained grounds with walking paths. This immaculate home offers over 1,000 square feet of finished living space including a finished basement. The main level features a spacious living room filled with natural light from the newer Wallside picture window (2021, with a transferable 35-year warranty), an inviting dining area, white kitchen with newer appliances (2020), and a generous primary bedroom with a large walk-in closet and direct access to the backyard patio. The finished lower level nearly doubles your living space with a large recreation/family room, convenient half bath, spacious laundry area, and a second bedroom/flex room (non-conforming; no egress window)--perfect for guests, hobbies, crafts or a home office. Recent improvements include: * New flooring (2020), wall a/c unit (2020), New fiberglass front entry door (2021), Dishwasher (2025). Interior freshly painted in recent years. All appliances stay, including refrigerator, gas range, microwave, dishwasher, washer, dryer and chest freezer. Enjoy maintenance-free living in this vibrant community while still having your own private patio for relaxing outdoors. Summer taxes: $1,521.85 /Winter taxes: $80.76 (taxes are billed separately by HOA and are not included in the monthly co-op fee). HOA fee does include water, sewer, trash, gas, heat, snow removal, & grounds maintenance. Close to everything South Lyon has to offer, as well as to free-way access. Buyer must apply and be approved by the Co-op. Application fee is $75 for first occupant and $45 for each additional occupant. Buyer is required to pay a $525

Highlights

Listed by Kristyn St Clair , 734-776-0983 EXP Realty - Northville , 248-790-4646. MiRealSource, Inc. mls logo

Property Type

Condo/Townhome

HOA Fee

530 Monthly

Year Built

1973

County

Oakland

Area

South Lyon (63277)

Neighborhood

Colonial Acres Sub

School District

South Lyon Community Schools

Listing ID

61013439

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:1
  • 1/2 Bathrooms:1
Appliances:Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer
Air Cond:Ceiling Fan(s),Wall/Window A/C
Fireplaces:
Above Ground Sq Ft:600
Below Ground Sq Ft:460
Basement:Finished
Other:
  • Additional:Breed Restrictions, Number Limit, Size Limit
Water:Public Water

Exterior Features

Others:
  • Additional:Inground Pool, Patio, Porch
Principal Interest
$464
Taxes
$57
HOA
$530

Home Price

$89,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$17,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$463.79

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $463.79 $56.74 $530.00 $1,050.53
Yearly $5,565.50 $680.85 $6,360.00 $12,606.35
Total $166,964.90 $20,425.50 $190,800.00 $378,190.40
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (South Lyon, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T04:57:55.100Z

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