25157 Franklin Terrace #7 South Lyon MI 48178 | MLS #20261052372

25157 Franklin Terrace #7
South Lyon, MI, 48178
$89,000
2 Beds
2 Baths
1,060 SqFt
0 Acres
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MLS #20261052372 image #0
Here’s a second chance for those who missed out on this lovely unit when it was first listed. Previous buyer was not approved by the HOA. No issues with the property. Welcome home to this beautifully maintained, move-in ready ranch co-op in one of South Lyon’s most desirable 55+ communities! A beautiful option for affordable, retirement or snow-bird living. Enjoy carefree living with access to a clubhouse, sparkling community pool and beautifully maintained grounds with walking paths. This immaculate home offers over 1,000 square feet of finished living space including a finished basement. The main level features a spacious living room filled with natural light from the newer Wallside picture window (2021, with a transferable 35-year warranty), an inviting dining area, white kitchen with newer appliances (2020), and a generous primary bedroom with a large walk-in closet and direct access to the backyard patio. The finished lower level nearly doubles your living space with a large recreation/family room, convenient half bath, spacious laundry area, and a second bedroom/flex room (non-conforming; no egress window)—perfect for guests, hobbies, crafts or a home office. Recent improvements include:
• New flooring (2020), wall a/c unit (2020), New fiberglass front entry door (2021), Dishwasher (2025). Interior freshly painted in recent years. All appliances stay, including refrigerator, gas range, microwave, dishwasher, washer, dryer and chest freezer. Enjoy maintenance-free living in this vibrant community while still having your own private patio for relaxing outdoors. Summer taxes: $1,521.85 /Winter taxes: $80.76 (taxes are billed separately by HOA and are not included in the monthly co-op fee). HOA fee does include water, sewer, trash, gas, heat, snow removal, & grounds maintenance. Close to everything South Lyon has to offer, as well as to free-way access. Buyer must apply and be approved by the Co-op. Application fee is $75 for first occupant and $45 for each additional occupant. Buyer is required to pay a $525

Property Details

Price:
$89,000
MLS #:
20261052372
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Subtype:
StockCooperative
Subdivision:
COLONIAL ACRES SUB
Neighborhood:
area02212southlyon
Listed Date:
Jul 21, 2026
Finished Sq Ft:
1,060
Year Built:
1973
Short SaleRanchCommunity Club HouseArea02212southlyonArea02212southlyonColonial Acres SubSouthlyonPets Allowed

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Schools

School District:
SouthLyon

Interior

Above Grade Finished Area
600
Appliances
Dishwasher, Dryer, FreeStandingFreezer, FreeStandingGasRange, FreeStandingRefrigerator, Microwave, Washer
Bathrooms
1 Full Bathroom, 1 Half Bathroom
Below Grade Finished Area
460
Cooling
Ceiling Fans, Wall Units
Heating
Baseboard, Natural Gas
Levels
One

Exterior

Architectural Style
Ranch
Community Features
Clubhouse
Construction Materials
Brick, Wood Siding
Exterior Features
Grounds Maintenance, Lighting, Private Entrance
Parking Features
ParkingLot, NoGarage
Patio And Porch Features
Patio, Porch
Roof
Asphalt

Financial

HOA Fee
$530
HOA Fee Frequency
Monthly
HOA Includes
Gas, Insurance, MaintenanceGrounds, MaintenanceStructure, PestControl, Sewer, SnowRemoval, Trash, Water
HOA Phone
248-437-8907/[email protected]

Map

Community

Market Summary

Current real estate data for Single Family in South Lyon as of Aug 30, 2026
42
Single Family Listed
80
Avg DOM
179
Avg $ / SqFt
$440,064
Avg List Price

Property Summary

    Located in the COLONIAL ACRES SUB subdivision, 25157 Franklin Terrace #7 South Lyon MI is a Single Family for sale in South Lyon, MI, 48178. It is listed for $89,000 and features 2 beds, 2 baths, and has approximately 1,060 square feet of living space, and was originally constructed in 1973. The current price per square foot is $84. The average price per square foot for Single Family listings in South Lyon is $179. The average listing price for Single Family in South Lyon is $440,064. To schedule a showing of MLS#20261052372 at 25157 Franklin Terrace #7 in South Lyon, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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25157 Franklin Terrace #7
South Lyon, MI