Sold
1 Colony Lane, Dearborn, MI 48120
Sold on 01/12/2026 for$200,000
MLS # 20251030944 (Realcomp)
2 beds3 baths1,618 sqftBuilt 1974
1 / 6
Listing Description
Fairlane East 2-bedroom, 2.5-bathroom condo located in a desirable gated community featuring an in-ground pool, tranquil pond, scenic walking paths, and a welcoming clubhouse. Inside, you'll find hardwood floors throughout, a cozy natural fireplace in the living room, and a basement. Enjoy the convenience of a 2-car attached garage with an opener. HOA dues include snow removal, grounds maintenance, sewer, trash, and water — offering low-maintenance living in a beautifully landscaped setting. Property is being sold in as is condition and city inspection to be provided by the seller.
Source: SparkMLS
About this home
Located in Fairlane East in Dearborn, this property offers 2-bedroom, 3-bath, 1,618 sq ft, with original construction dating to 1974.
This home sold for $200,000 (about $124/sq ft).
Estimated annual property tax: $3,625, or about $302 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company. Broadband is available with download speeds up to 2,000 Mbps from 9 providers.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms3
Living Area1,618 sqft
Year Built1974
Stories2
Location
CityDearborn
MunicipalityDearborn City
Zip Code48120
CountyWayne
School DistrictDearborn City School District
Construction & Systems
ConstructionBrick
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed9/5/2025
Sold Date1/11/2026
Original Price$249,900
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$425 / Monthly
IncludesLawn/Yard Care, Sewer, Snow Removal, Trash, Water
Source: SparkMLS
Tax Information
Annual Tax$3,625
Parcel #32821019306129
Source: SparkMLS
Legal Description
UNIT 123 FAIRLANE-EAST TOWN- HOUSES CONDOMINIUM SUB PLAN 100
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Sam Baydoun
Century 21 Curran & Oberski
Frequently Asked Questions about 1 Colony Lane, Dearborn, MI 48120
Which school district serves 1 Colony Lane, Dearborn, MI 48120?
Per MLS# 20251030944, 1 Colony Lane, Dearborn, MI 48120 is in the Dearborn City School District boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Dearborn City School District directly to confirm enrollment eligibility.
What financing options are available for 1 Colony Lane, Dearborn, MI 48120?
Per MLS# 20251030944, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 1 Colony Lane, Dearborn, MI 48120?
Per public tax records, annual property taxes for this property are $3,625. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 1 Colony Lane, Dearborn, MI 48120 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 1 Colony Lane, Dearborn, MI 48120 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 1 Colony Lane, Dearborn, MI 48120. The maximum advertised download speed is 2.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 1 Colony Lane, Dearborn, MI 48120?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Mortgage Calculator
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Monthly payment$1,916
Principal & interest$1,491
HOA$425
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
2 Gbps
Upload
250 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
9 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1 Colony Lane, Dearborn, MI 48120
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Neighborhood
Fairlane East
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Community
Dearborn
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County
Wayne County
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