1083 Chestnut Lane
South Lyon, MI 48178
Single Family Residence · MLS # 81026053191 · Listing courtesy of Real Estate One Inc
About this home
Enjoy a peaceful, preserve-like setting on this premium lot backing to HOA-owned greenspace, where serene pond views, mature trees, and exceptional privacy make it feel like you're living up north while this well-maintained home is still just minutes from the city. Inside, a light-filled vaulted entry welcomes you with beautiful reclaimed pine plank flooring that flows throughout the main level, adding warmth, character, and historic charm. The entry opens to an impressive vaulted living room with a wood-burning fireplace flanked by windows framing picturesque views of the pond. The formal dining room offers plenty of space for entertaining and features a doorwall to the deck and stone patio, where a path leads to a pier overlooking the water. Whether you're grilling on the deck, relaxing on the patio, or simply taking in the peaceful surroundings, this backyard is a true escape. The updated kitchen combines style and function with fresh white cabinetry, stone counters, stainlesssteel appliances, a pantry, and an eye-catching glass tile backsplash. Also on the entry level is the spacious primary suite, complete with a vaulted ceiling, walk-in closet, and stunning pond views. The private full bath offers a dual vanity, spa tub, separate shower, and skylight that fills the space with natural light. A dedicated main-level office with a large bay window and recessed lighting provides a bright and comfortable space for working from home. Upstairs, two sizable bedrooms share an updated full bathroom, creating an ideal arrangement for children, guests, or additional workspace. The finished basement offers even more possibilities with high ceilings, daylight windows, plumbing for a future bathroom, and abundant storage/work space. The laundry and utility area includes both gas and electric dryer hookups, while a large walk-in cedar closet provides additional storage. Thoughtful improvements include a roof replaced in 2018 and added foam insulation throughout the upper level and unfinished attic space. A three-car garage
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in South Lyon
Over the last 90 days, 144 homes sold in South Lyon for a median of $430,000, about $173 per square foot, and the typical one went under contract in 20 days. This home is listed at $555,000, or $150 per square foot, 13% below the city median, and has been on the market 30 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent South Lyon sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $8,629 a year. A buyer who lives here would pay about $6,064 to $11,813 a year once the taxable value resets after the sale, at the 2025 homestead rate of 42.15 mills for South Lyon City and South Lyon schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate and HOA when listed. Ask us for a lender quote.
Location
Similar homes in South Lyon
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