12237 Cambridge

About this home

Impressive price reduction on this tastefully updated end unit co-op offering move-in ready living with desirable lake access. The main floor has been freshly painted and features newer luxury vinyl plank flooring throughout. Some of the highlights include Central A/C (2021), granite countertops in the kitchen, Wallside Windows, an attached garage, full finished basement with non-conforming bedroom and full bathroom providing excellent space for guests, home office or additional living needs. Enjoy the convenience of lake access along with thoughtful updates found in this cozy end unit which offers a sun-filled three season room on main floor for added space and enjoyment. Monthly HOA fee covers water, septic, grounds maintenance, boiler & water tank repair/replace. Cash Only. Pets allowed (number & breed restriction). Immediate occupancy.

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 $144,000, or $87 per square foot, 50% below the city median, and has been on the market 1 day. 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

A buyer who lives here would pay about $2,242 a year once the taxable value resets after the sale, at the 2025 homestead rate of 30.83 mills for Green Oak Twp 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

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