61366 Heritage Boulevard #7

About this home

Discover the charm and convenience of easy living in Colonial Acres, a desirable 55+ cooperative community in Lyon TWP! This charming two-bedroom ranch features a spacious living room, updated Pergo flooring, new appliances, and a 13x11 sunroom. The finished basement offers additional living space with a family room, library/den, and half bath. Enjoy low-maintenance living with access to the community clubhouse and pool. Association fees include heat and water. Conveniently located near downtown South Lyon, shopping, dining, and easy access to US-23 and I-96.

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 $115,000, or $51 per square foot, 71% 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

The current owner pays about $627 a year. A buyer who lives here would pay about $1,838 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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