Sold
397 University Avenue, South Lyon, MI 48178
Sold on 10/01/2025 for$345,000
MLS # 20251030360 (Realcomp)
3 beds2 baths2,581 sqftBuilt 19790.19 acres
1 / 35
Listing Description
Don't miss this fantastic 3 bed, 2 full bath ranch within walking distance to downtown South Lyon. Nestled on a cul-de-sac setting this beauty offers a fenced yard, detached garage, private deck, and a lovely patio (2022) making your outdoor space prefect for enjoying those lovely summer days! Newer carpet (2023) stretches thru out most of the entry level. The 2015 remodel opened the kitchen to the dining and living rooms making this a truly, open concept floor plan that's great for entertaining. The spacious kitchen features newer counter tops, custom island with snack bar seating, walk-in pantry, with newer stainless steel appliances Stove (2025) and dishwasher (2024). The living room offers a huge picture window for loads of natural light. The updated entry level bath has tile flooring, large linen closet, & convenient shower/tub. The finished lower level offers a family room, that has newer carpet and full bathroom for convenience. Other updates include roof (2016), vinyl siding (2016) , new furnace (2018), new A/C (July 2019) ,gutters (April 2023) and a new water softener (2025). This home is ready for you to move right in!
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 2,581 sq ft home built in 1979 sits in All South Lyon Listings in South Lyon.
Final sale price: $345,000 (about $134/sq ft).
Property tax estimate: $5,016 per year ($418/month). 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. Broadband is available with download speeds up to 1,200 Mbps from 9 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area2,581 sqft
Lot Size0.19 acres
Year Built1979
Stories1
Location
CitySouth Lyon
MunicipalityLyon Twp
Zip Code48178
CountyOakland
School DistrictSouth Lyon
Construction & Systems
ConstructionBrick, Vinyl Siding
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Finished, Humidifier, Water Softener/Owned
Sale & Financing
Listed8/25/2025
Sold Date9/30/2025
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$5,016
State Equalized Value$153,120
Taxable Value$121,130
Parcel #2130405012
Source: Public Records
Legal Description
T1N, R7E, SEC 30 MEADOW VALLEY SUB NO 2 LOT 82
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Sarah B Myszkier
Mutual Realty, LLC
Frequently Asked Questions about 397 University Avenue, South Lyon, MI 48178
Which school district serves 397 University Avenue, South Lyon, MI 48178?
Per MLS# 20251030360, 397 University Avenue, South Lyon, MI 48178 is in the South Lyon boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact South Lyon directly to confirm enrollment eligibility.
What financing options are available for 397 University Avenue, South Lyon, MI 48178?
Per MLS# 20251030360, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 397 University Avenue, South Lyon, MI 48178?
Per public tax records, annual property taxes for this property are $5,016. 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, 397 University Avenue, South Lyon, MI 48178 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 397 University Avenue, 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 397 University Avenue, South Lyon, MI 48178. The maximum advertised download speed is 1.2 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 397 University Avenue, South Lyon, MI 48178?
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.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
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Monthly payment$2,134
Principal & interest$2,134
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
50 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
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
397 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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