Sold
407 N Reese Street, South Lyon, MI 48178
Sold on 05/08/2025 for$280,000
MLS # 20250017125 (Realcomp)
3 beds1 bath1,906 sqftBuilt 19270.19 acres
1 / 49
Listing Description
This beautiful 3-bedroom Colonial offers a perfect blend of comfort and convenience. Located in a peaceful neighborhood, the home features a serene, quiet backyard—ideal for relaxing or entertaining. The sellers have a great relationship with the neighboring business owner, which operates only Mondays thru Fridays until 6 pm, Saturdays until 1 pm, and is closed on Sundays, ensuring a tranquil atmosphere. Just a 15-minute walk to South Lyon High School and a 5-minute walk to the South Lyon Hotel, you'll enjoy easy access to local amenities. Nearby parks, including Memorial, McHattie, and Volunteer, offer plenty of outdoor recreation. The home comes complete with all appliances, and the foyer has been freshly painted, creating an inviting first impression. With its spacious layout, great location, and peaceful surroundings, this home is ready to welcome you!
Source: SparkMLS
About this home
3-bedroom, 1-bath, 1,906 sq ft home in All South Lyon Listings in South Lyon built in 1927.
This home sold for $280,000 (about $147/sq ft).
Property tax estimate: $4,411 per year ($368/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.
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Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,906 sqft
Lot Size0.19 acres
Year Built1927
Stories2
Location
CitySouth Lyon
MunicipalitySouth Lyon City
Zip Code48178
CountyOakland
School DistrictSouth Lyon
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space
HeatingForced Air
WaterPublic
Sale & Financing
Listed3/12/2025
Sold Date5/7/2025
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$4,411
State Equalized Value$116,440
Taxable Value$107,580
Parcel #2120352007
Source: Public Records
Legal Description
T1N, R7E, SEC 20 ALBERT BOTSFORD'S PLAT OF THE VILLAGE OF SOUTH LYON LOT 16 BLK 10, ALSO 1/2 OF VAC ALLEY ADJ TO SAME
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Kyle De La Rosa
Social House Real Estate Group LLC
Frequently Asked Questions about 407 N Reese Street, South Lyon, MI 48178
Which school district serves 407 N Reese Street, South Lyon, MI 48178?
Per MLS# 20250017125, 407 N Reese Street, 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.
Can I use FHA or VA financing for this property?
Per MLS# 20250017125, this listing accepts Cash, Conventional, FHA, VA Loan 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 407 N Reese Street, South Lyon, MI 48178?
Per public tax records, annual property taxes for this property are $4,411. 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, 407 N Reese Street, 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 407 N Reese Street, 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 407 N Reese Street, 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 407 N Reese Street, South Lyon, MI 48178?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. 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.
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Monthly payment$1,849
Principal & interest$1,849
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
407 N Reese 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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