About this home

Detached ranch condo in Lexington Place, impeccable and spotless throughout. Covered front porch and newer rear patio, high ceilings and fireplace in living room, open kitchen with granite counters, library/office with french doors. Updated hardwood floors in foyer, office, dining room, and living room. Primary suite with jetted tub and separate shower. Closets with built in storage. Huge unfinished basement with egress window ready for finishing, plumbed for full bath. Epoxy floors in garage. Close to downtown South Lyon, the Rail Trail walking/biking path, and near South Lyon High School. Hurry on this one, won't last!

The facts

Property taxes: the seller's bill vs. yours

Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $1,549 a year more than this seller pays. The assessor's state equalized value (SEV) is $194,210. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses South Lyon's 2025 homestead rate of 42.15 mills and assumes you claim the homestead exemption. See South Lyon's full tax breakdown or run the uncapping calculator.

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IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-25T23:19+00:00; refreshed at least twice daily.