788 Stoney Drive

About this home

Welcome to this spacious 4-bedroom, 2-full-bath bi-level home, ideally situated on a premium corner lot in desirable South Lyon! Featuring a flexible floor plan, two distinct living areas, and several important recent improvements, this home offers the space, comfort, and peace of mind today's buyers are looking for. Step inside to a bright and inviting upper level featuring **recently installed laminate flooring** throughout the main living areas, creating a fresh and cohesive look. The spacious living room flows naturally into the dining area and kitchen, making this an inviting space for everyday living and entertaining. Three bedrooms are conveniently located on the upper level, while the lower level provides a fourth bedroom and spacious family room. The lower-level family room offers tremendous flexibility for movie nights, game days, recreation, a home office, workout area, or comfortable retreat. The fourth bedroom adds even more versatility for guests, an office, hobby space, or growing household needs. Major mechanical updates provide added peace of mind, including a **furnace and central A/C installed in 2022 with a transferable 10-year warranty**, plus a **new water heater installed in 2025**. These updates mean several of the home's major systems have already been addressed, allowing the next owner to focus on enjoying the home. Outside, the premium corner-lot setting provides additional outdoor space and great curb appeal. The location puts you close to everything that makes South Lyon so appealing, including shopping, dining, parks, recreation, and community events. Enjoy the charm of Downtown South Lyon, explore the Huron Valley Trail, or take advantage of nearby outdoor destinations including Island Lake State Recreation Area and Kensington Metropark. Don't miss the opportunity to make this versatile home your own!

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 $364,900, or $212 per square foot, 23% above the city median, and has been on the market 36 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 $3,615 a year. A buyer who lives here would pay about $3,619 to $7,767 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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