25176 Potomac Drive

About this home

Welcome home to this charming condo in the desirable 55+ Colonial Acres community! Offering a flexible main level layout designed for comfortable everyday living, this home also features a finished basement complete with an egress window--perfect for a 3rd bedroom, home office, or hobby space. Relax and unwind on the covered back porch while enjoying the peaceful surroundings. The HOA takes care of all exterior maintenance and provides access to fantastic amenities including a community pool and clubhouse, making for truly low-maintenance living. Conveniently located just a short drive from Kensington Metropark, shopping, dining, and several golf course options, this home combines comfort, convenience, and community all in one!

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 $99,999, or $70 per square foot, 60% below the city median, and has been on the market 161 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 $1,500 a year. A buyer who lives here would pay about $1,247 to $1,598 a year once the taxable value resets after the sale, at the 2025 homestead rate of 31.65 mills for Lyon 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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