8511 LONYO Street

About this home

Discover a prime opportunity in Dearborn with this .39-acre commercial vacant land, situated on a corner lot. Cleared and ready for development and adjacent to a city-owned lot, it presents a unique chance to expand or start anew in a bustling area. Water and sewer available at the street. Survey and perc test are not available. Don't miss out on shaping the future of this dynamic location! BTVAI

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Dearborn

Over the last 90 days, 230 homes sold in Dearborn for a median of $272,500, about $156 per square foot, and the typical one went under contract in 9 days. This home is listed at $134,900, and has been on the market 647 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Dearborn sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $1,158 a year. A buyer who lives here would pay about $863 to $3,466 a year once the taxable value resets after the sale, at the 2025 homestead rate of 50.87 mills for Dearborn City and Dearborn 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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