61227 Heritage

About this home

Tucked into a quiet 55+ cooperative community, this cute and well-maintained 1-bedroom, 2-bath condo offers comfortable living with plenty of extra space. The neutral interior provides a great canvas for your personal style, while the fully finished basement adds flexibility for a second living area, office, hobby space, or guest accommodations. Enjoy your morning coffee or unwind in the cozy sunroom overlooking the peaceful community setting. Major updates include a newer roof and community boiler system for added peace of mind. Full of charm and potential, this home is move-in ready while still offering the opportunity to add your own personal touches. Cash purchase only. Some photos have been virtually staged to illustrate the property’s potential.

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 $76,500, or $66 per square foot, 62% below the city median, and has been on the market 172 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 $1,628 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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