Sold
505 Willow Drive, 26, South Lyon, MI 48178
Sold on 06/12/2026 for$499,900
MLS # 20261026561 (Realcomp)
3 beds3 baths2,290 sqftBuilt 1998
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Listing Description
Welcome to a rare find a condo in sought after Lafayette Woods. Original owners hated to leave this home. This spacious detached condo has it all 1st floor master and laundry, other bedroom on main floor could be office or flex room. Yet there is another bedroom on the second floor with an on suite with a cedar closet, and a loft area, great for guests or grandkids having their own space. This unit also boast a two-car attached garage, a great room with new carpet, and a fireplace. The spacious downstairs is a walkout wide open to finish as you like. This is a cozy community is walking distance to downtown South Lyon. Close to x-way, parks, churches, and shopping. Do not wait on this unit.
Source: SparkMLS
About this home
This 3-bedroom, 3-bath, 2,290 sq ft home built in 1998 sits in All South Lyon Listings in South Lyon.
Final sale price: $499,900 (about $218/sq ft).
Estimated annual property tax: $4,592, or about $383 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 SubtypeCondominium
Bedrooms3
Bathrooms3
Living Area2,290 sqft
Year Built1998
Stories2
Location
CitySouth Lyon
MunicipalitySouth Lyon City
Zip Code48178
CountyOakland
School DistrictSouth Lyon
Construction & Systems
ConstructionBrick
BasementWalk-Out Access
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed4/19/2026
Sold Date6/11/2026
Terms AcceptedCash, Conventional
HOA
HOA Fee$300 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$4,592
State Equalized Value$180,780
Taxable Value$108,280
Parcel #2120301053
Source: Public Records
Legal Description
T1N, R7E, SEC 20 OAKLAND COUNTY CONDOMINIUM PLAN NO 1088 LAFAYETTE WOODS CONDOMINIUM UNIT 26 L 18265 P 290 2-3-98 FR 017 4-15-98 CORR
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Abraham Ayoub
Mayfair Real Estate Group
Frequently Asked Questions about 505 Willow Drive, 26, South Lyon, MI 48178
Which school district serves 505 Willow Drive, 26, South Lyon, MI 48178?
Per MLS# 20261026561, 505 Willow Drive, 26, 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 505 Willow Drive, 26, South Lyon, MI 48178?
Per MLS# 20261026561, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 505 Willow Drive, 26, South Lyon, MI 48178?
Per public tax records, annual property taxes for this property are $4,592. 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, 505 Willow Drive, 26, 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 505 Willow Drive, 26, 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 utilities serve 505 Willow Drive, 26, 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
Mortgage Calculator
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Monthly payment$3,542
Principal & interest$3,242
HOA$300
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
505 Willow Drive, 26, South Lyon, MI 48178
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Municipality
All South Lyon Listings
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County
Washtenaw County
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