25140 Potomac Drive #3

About this home

Motivated sellers! Welcome home to easy, maintenance-free living in highly desirable Colonial Acres 55+ community! This first floor condo offers comfortable living in a peaceful setting just minutes from downtown South Lyon with all of its charm! Inside, you'll find a bright, inviting floor plan with spacious living areas, lots of storage, and everything you need to enjoy a simpler lifestyle. If you've been searching for an affordable way to enjoy carefree 55+ living in South Lyon, this is an opportunity you won't want to miss.

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 $85,000, or $74 per square foot, 57% below the city median, and has been on the market 251 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

A buyer who lives here would pay about $1,809 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

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