For Sale
1012 Paddock Lane, South Lyon, MI 48178
$365,000
MLS # 20261045675 (Realcomp)
3 beds3 baths2,530 sqftBuilt 2005
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Listing Description
Updated 2-story condo in the heart of South Lyon offering the perfect blend of style, space, and convenience. From the moment you walk in, the home feels bright and airy with an open layout that flows seamlessly from the spacious great room into the dining area and beautifully updated kitchen. The kitchen features freshly painted cabinetry with new hardware, a stylish backsplash, stainless steel appliances, and generous counter space—perfect for everyday living and entertaining. Upstairs, the large primary suite showcases soaring ceilings and a private en-suite bathroom, creating a comfortable retreat at the end of the day. Two additional spacious bedrooms each have their own private access to a full bathroom, offering great flexibility for family, guests, or home office space. The finished basement expands your living area with durable luxury vinyl plank flooring—ideal for a rec room, workout space, or additional lounge area. Numerous updates add peace of mind including a new roof in 2023, updated light fixtures, new carpet throughout, hot water heater, water softener system, and included washer and dryer. Step outside to enjoy the composite deck and paver patio overlooking the rear of the home—perfect for relaxing or entertaining. A two-car attached garage adds convenience and additional storage. Ideally located close to community parks and walking trails, South Lyon High School activities, shopping, dining, and medical facilities. A move-in ready home in a fantastic location.
Source: SparkMLS
About this home
Located in All South Lyon Listings in South Lyon, this property offers 3-bedroom, 3-bath, 2,530 sq ft, with original construction dating to 2005.
Currently offered at $365,000 (about $144/sq ft).
Estimated annual property tax: $5,623, or about $469 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 Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms3
Bathrooms3
Living Area2,530 sqft
Year Built2005
Stories2
Location
CitySouth Lyon
MunicipalityLyon Twp
Zip Code48178
CountyOakland
School DistrictSouth Lyon
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementPartial
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Partially Finished, Water Softener/Owned
Sale & Financing
Listed6/16/2026
Terms AcceptedCash, Conventional
HOA
HOA Fee$370 / Monthly
IncludesLawn/Yard Care
Source: SparkMLS
Tax Information
Annual Tax$5,623
State Equalized Value$149,400
Taxable Value$134,070
Parcel #2117311055
Source: Public Records
Legal Description
T1N, R7E, SEC 17 OAKLAND COUNTY CONDOMINIUM PLAN NO 1743 LEXINGTON PLACE CONDOMINIUM UNIT 55, BLDG 20 L 35553 P 078 5-25-05 FR 301-067
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Jennifer Hubenschmidt
3DX Real Estate LLC
Frequently Asked Questions about 1012 Paddock Lane, South Lyon, MI 48178
What school district is 1012 Paddock Lane, South Lyon, MI 48178 in?
Per MLS# 20261045675, this property is served by South Lyon. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20261045675, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261045675, the most recent reported annual property tax for 1012 Paddock Lane, South Lyon, MI 48178 is $5,623. 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.
Is 1012 Paddock Lane, South Lyon, MI 48178 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 1012 Paddock Lane, South Lyon, MI 48178 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Oakland County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$2,737
Principal & interest$2,367
HOA$370
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1012 Paddock Lane, South Lyon, MI 48178
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Municipality
All South Lyon Listings
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County
Washtenaw County
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