Pending
10862 Silver Lake Road, South Lyon, MI 48178
$549,000
MLS # 26028328 (Michigan Regional Information Center (MichRIC))
5 beds3 baths3,392 sqftBuilt 19951.01 acres
1 / 52
Listing Description
**OFFER DEADLINE 6/14 AT 6:00PM. Welcome home to this beautifully updated ranch on Silver Lake Road, offering the perfect blend of space, comfort, and privacy in the highly desirable Brighton School District. This 5-bedroom, 3 full-bath home features an open and inviting layout with updated flooring, fresh paint, and a modernized kitchen ready for everyday living and entertaining. The spacious primary suite and generously sized bedrooms provide room for everyone. The finished walkout basement adds incredible versatility with a second kitchen area, additional living space, bedrooms, and a second laundry room--ideal for guests, multi-generational living, or entertaining. Outside, enjoy a private backyard retreat surrounded by nature, perfect for relaxing or hosting gatherings. Complete with a 3-car garage and plenty of storage, this move-in-ready home offers the space and amenities you've been looking for in a prime South Lyon location.
Source: SparkMLS
About this home
Located in Green Oak Township in South Lyon, this property offers 5-bedroom, 3-bath, 3,392 sq ft, with original construction dating to 1995.
Listed at $549,000 (about $162/sq ft).
Estimated annual property tax: $4,499, or about $375 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 SubtypeSingle Family Residence
Bedrooms5
Bathrooms3
Living Area3,392 sqft
Lot Size1.01 acres
Year Built1995
Stories1
Location
CitySouth Lyon
MunicipalityGreen Oak Twp
Zip Code48178
CountyLivingston
School DistrictBrighton
Construction & Systems
StyleRanch
ConstructionBrick, Vinyl Siding
BasementWalk-Out Access
Garage3 spaces
HeatingForced Air
WaterWell
SewerSeptic Tank
Sale & Financing
Listed6/11/2026
Terms AcceptedCash, FHA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$4,499
Tax Year2025
Assessed Value$176,038
Parcel #16-21-200-051
Source: SparkMLS
Legal Description
SEC 21 T1N R6E COM NE COR, TH N88*W 1324.84 FT, TH S1*W 1515.93 FT TH S87*E 579.61 FT, TH S89*34'40''E 92.72 FT FOR POB, TH S89*E 175 FT, TH S1*W 253.6 FT, TH N88*W 175 FT, TH N1*E 250.44 FT TO POB 1.01 AC M/L PAR 1-B SPLIT 5/89 FROM 004 CORR 8/94
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 Jill Baker
KW Realty Living
Frequently Asked Questions about 10862 Silver Lake Road, South Lyon, MI 48178
Which school district serves 10862 Silver Lake Road, South Lyon, MI 48178?
Per MLS# 26028328, 10862 Silver Lake Road, South Lyon, MI 48178 is in the Brighton boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Brighton directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26028328, this listing accepts Cash, FHA, Conventional 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 10862 Silver Lake Road, South Lyon, MI 48178?
Per public tax records, annual property taxes for this property are $4,499 (2025). 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, 10862 Silver Lake Road, South Lyon, MI 48178 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 10862 Silver Lake Road, South Lyon, MI 48178 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 utilities serve 10862 Silver Lake Road, South Lyon, MI 48178?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Septic Tank. Water: Well. 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. Livingston 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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Monthly payment$3,561
Principal & interest$3,561
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
10862 Silver Lake Road, South Lyon, MI 48178
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Municipality
Green Oak Township
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County
Washtenaw County
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