320 University Avenue

About this home

Enjoy the best of South Lyon living at 320 University Avenue! This 3-bedroom, 1-bath brick ranch offers hardwood flooring throughout, stainless steel appliances, including a new dishwasher installed in 2026, and a finished basement with additional space to relax and entertain. The large, fully fenced backyard is ready for outdoor enjoyment, with plenty of room for gardening and activities, a deck with a weatherproof TV mount, and a peach tree in the yard. Spacious two-car garage offers ample room for parking and storage and is equipped with a new garage door opener installed in 2026 with myQ app connectivity. Additional recent updates include a brand-new water heater installed in 2026. Located within walking and biking distance of downtown South Lyon, you'll enjoy easy access to local shops, restaurants, McHattie Park, and nearby walking and biking trails. Welcome home!

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 $320,000, or $169 per square foot, about the same as the city median, and has been on the market 11 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 $5,395 a year. A buyer who lives here would pay about $5,406 to $6,811 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 when listed. Ask us for a lender quote.

Location

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