For Sale
401 W Liberty Street, South Lyon, MI 48178
$325,000
MLS # 20261040851 (Realcomp)
3 beds2 baths1,647 sqftBuilt 19450.17 acres
1 / 40
Listing Description
This ranch-style home offers something that's becoming increasingly difficult to find—a convenient location just a short stroll from downtown South Lyon's restaurants, coffee shops, bakery, local events, and small-town charm. Located near the heart of town, you'll enjoy easy access to the walkable downtown district featuring dining, shopping, and community gatherings throughout the year.Previously leased since 2019, this 3-bedroom, 2-bath home is now available for its next chapter. Whether you're searching for a place to call home or looking to add another property to your investment portfolio, this home offers immediate livability with opportunities to personalize and build equity over time.The thoughtful ranch layout provides a natural separation between the sleeping quarters and the home's gathering spaces. Three bedrooms are situated on one side of the home, while the kitchen, spacious dining area, and living spaces create a comfortable setting for everyday living and entertaining. Step outside to the backyard and imagine summer cookouts, gatherings with friends, or simply enjoying a quiet evening at home.With solid bones, a functional floor plan, and a location that's hard to beat, this home is ready for a new owner to move in, make updates at their own pace, and enjoy everything South Lyon has to offer. Whether you're a first-time buyer, downsizer, investor, or someone looking to be close to downtown amenities, 401 W Liberty St deserves a look. South Lyon Schools, located near McHattie Park, Waycaster Tiki, South Lyon Hotel, Venue, summer time farmer's market and more.
Source: SparkMLS
About this home
Located in All South Lyon Listings in South Lyon, this property offers 3-bedroom, 2-bath, 1,647 sq ft, with original construction dating to 1945.
Currently offered at $325,000 (about $197/sq ft).
Estimated annual property tax: $6,735, or about $561 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
Bathrooms2
Living Area1,647 sqft
Lot Size0.17 acres
Year Built1945
Stories1
Location
CitySouth Lyon
MunicipalityLyon Twp
Zip Code48178
CountyOakland
School DistrictSouth Lyon
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementCrawl Space
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed6/3/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$6,735
State Equalized Value$128,360
Taxable Value$111,110
Parcel #2130204009
Source: Public Records
Legal Description
T1N, R7E, SEC 30 KINGSLEY CALKINS ADD LOT 1 BLK 2, ALSO LOT 2 BLK 2 EXC W 56.25 FT
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 Joe A Muck
J Muck Realty
Frequently Asked Questions about 401 W Liberty Street, South Lyon, MI 48178
What school district is 401 W Liberty Street, South Lyon, MI 48178 in?
Per MLS# 20261040851, 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# 20261040851, 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# 20261040851, the most recent reported annual property tax for 401 W Liberty Street, South Lyon, MI 48178 is $6,735. 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 401 W Liberty Street, 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, 401 W Liberty Street, 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$2,108
Principal & interest$2,108
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
401 W Liberty Street, South Lyon, MI 48178
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Municipality
All South Lyon Listings
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County
Washtenaw County
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