Sold
307 University Avenue, South Lyon, MI 48178
Sold on 06/09/2026 for$315,000
MLS # 20261028974 (Realcomp)
3 beds1 bath1,700 sqftBuilt 19630.17 acres
1 / 16
Listing Description
Welcome home to this beautifully updated 3-bedroom ranch, offering comfort, style, and convenience all in one. The bright, refreshed interior features Updated kitchen, bath, new paint, plush carpeting, and modern recessed lighting throughout. The finished basement provides extra living space—perfect for a family room, home office, or entertaining area. Enjoy peace of mind with newer appliances (including washer and dryer), central air, an updated electrical panel, clean ducts, and a newer door wall that brings in natural light and easy access to the outdoors. Step outside to a fully fenced yard, ideal for relaxing, pets, or gatherings. Located within walking distance to town, parks, a local brewery, and popular restaurants, this home blends cozy living with an unbeatable location.
Source: SparkMLS
About this home
This 3-bedroom, 1-bath, 1,700 sq ft home built in 1963 sits in All South Lyon Listings in South Lyon.
Closed at $315,000 (about $185/sq ft).
Estimated annual property tax: $4,447, or about $371 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
Bedrooms3
Bathrooms1
Living Area1,700 sqft
Lot Size0.17 acres
Year Built1963
Stories1
Location
CitySouth Lyon
MunicipalityLyon Twp
Zip Code48178
CountyOakland
School DistrictSouth Lyon
Construction & Systems
ConstructionBrick, Vinyl Siding
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Finished
Sale & Financing
Listed4/30/2026
Sold Date6/8/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$4,447
State Equalized Value$105,350
Taxable Value$105,350
Parcel #2130430002
Source: Public Records
Legal Description
T1N, R7E, SEC 30 LYON GARDENS SUB LOT 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 Rosemarie Tibbles
Keller Williams Advantage Northville
Frequently Asked Questions about 307 University Avenue, South Lyon, MI 48178
What school district is 307 University Avenue, South Lyon, MI 48178 in?
Per MLS# 20261028974, 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# 20261028974, 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# 20261028974, the most recent reported annual property tax for 307 University Avenue, South Lyon, MI 48178 is $4,447. 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 307 University Avenue, 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, 307 University Avenue, 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$1,880
Principal & interest$1,880
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
307 University Avenue, South Lyon, MI 48178
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Municipality
All South Lyon Listings
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County
Washtenaw County
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