Sold
20876 Oak Tree Drive, South Lyon, MI 48178
Sold on 10/26/2023 for$550,000
MLS # 20230061958 (Realcomp)
3 beds4 baths3,610 sqftBuilt 20030.41 acres
1 / 46
Listing Description
Welcome to this charming Cape Cod style home located in the heart of South Lyon! This meticulously maintained residence offers a perfect blend of classic design and modern amenities. As you step inside, you'll be greeted by the warmth of the first floor featuring a well-appointed kitchen with stainless steel appliances, a stylish tiled backsplash, and a convenient kitchen island - a chef's delight indeed. Adjacent to the kitchen is the inviting great room adorned with a cozy fireplace and stunning vaulted ceilings, creating an ideal space for relaxation and entertainment. The convenience of a first-floor laundry room and a half bathroom adds to the functional flow of this home. The dining room, with its flexible layout, can easily transform into a study to suit your needs. The primary bedroom is a true retreat, boasting a spacious walk-in closet and an large en-suite bathroom. Pamper yourself in the primary bathroom's shower, spa tub, and vanity area - a perfect sanctuary to unwind after a long day. Upstairs, you'll find two generously sized bedrooms and a full bathroom, providing ample space for family and guests. The large loft area on the second floor offers additional flexibility, serving as a playroom, office, or cozy reading nook. The finished basement is an entertainer's dream, complete with a wet bar and a spacious area for gatherings. An additional half bathroom ensures convenience, and the expansive storage room keeps everything organized. Step outside and discover the delights of outdoor living. A patio deck beckons for al fresco dining and relaxation, while the large backyard is a perfect canvas for gardening, play, and more. This home's backyard is a true gem, backing up to a tranquil pond, offering a serene and picturesque backdrop.
Source: SparkMLS
About this home
This 3-bedroom, 4-bath, 3,610 sq ft home built in 2003 sits in Park Woods in South Lyon.
Closed at $550,000 (about $152/sq ft).
Property tax estimate: $8,305 per year ($692/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms4
Living Area3,610 sqft
Lot Size0.41 acres
Year Built2003
Stories2
Location
CitySouth Lyon
MunicipalityLyon Twp
Zip Code48178
CountyOakland
School DistrictSouth Lyon
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementDaylight
Garage3 spaces
HeatingForced Air
WaterWell
SewerSeptic Tank
InteriorBasement Finished
Sale & Financing
Listed8/21/2023
Sold Date10/25/2023
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$485 / Annually
Source: SparkMLS
Tax Information
Annual Tax$3,946
State Equalized Value$262,410
Taxable Value$215,730
Parcel #2132403005
Source: Public Records
Legal Description
T1N, R7E, SEC 32 PARK WOODS #3 LOT 91 5-7-03 FR 300-017
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 Matthew Talbot
Redefine Real Estate
Frequently Asked Questions about 20876 Oak Tree Drive, South Lyon, MI 48178
What school district is 20876 Oak Tree Drive, South Lyon, MI 48178 in?
Per MLS# 20230061958, this property is served by South Lyon. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 20876 Oak Tree Drive, South Lyon, MI 48178?
Per MLS# 20230061958, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20230061958, the most recent reported annual property tax for 20876 Oak Tree Drive, South Lyon, MI 48178 is $3,946. 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 20876 Oak Tree Drive, 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, 20876 Oak Tree Drive, 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: Septic Tank. Water: Well. 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.
Map
Tax Estimate
$
Annual tax$8,305
Monthly$692
Millage rate31.6481 mills
Municipality: CHARTER TOWNSHIP OF LYON
School district: SOUTH LYON COMMUNITY SCHOOLS
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$4,364
Principal & interest$3,632
Property taxes$692
HOA$40
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
20876 Oak Tree Drive, South Lyon, MI 48178
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Neighborhood
Park Woods
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Community
South Lyon
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County
Washtenaw County
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