25219 Potomac Drive , South Lyon, MI 48178
Est. $1,289/mo with current taxes · · See the breakdown
About this home
Enjoy comfortable independent living in Colonial Acres Phase V, a 55+ community in South Lyon. Currently the best-priced available unit in the community, this freshly painted home offers two bedrooms, two full bathrooms, new carpet, and flexible living space. The main bathroom was updated in 2025, and a second full bath is located in the finished basement. The lower level offers room to relax, enjoy hobbies, or host guests. The washer and dryer are currently in the basement, with an additional washer hookup in the second bedroom closet. Just off the rear of the home, the sunroom is a welcoming place for morning coffee or a quiet end to the day. Current monthly association dues are $600. Gas, water, lawn care, snow removal, exterior structure and pest control, club house and pool is what covers the association dues. Residents can enjoy the clubhouse and regular community activities. Electricity and cable are paid separately by the owner. The 2027 budget proposed a $25 monthly increase, pending a board vote scheduled for November 10, 2026. Buyers should confirm current dues and included services with the association. Colonial Acres offers shared outdoor spaces and a pond, with shopping, dining, parks, medical services, and downtown South Lyon close by. This is a cooperative community for adults age 55 and older, with ownership, transfer, and occupancy approval requirements that differ from a traditional condominium or single-family purchase. Buyers should review the association documents and confirm current fees and rules. Some photos have been virtually staged with furniture to illustrate possible furniture layouts. The furniture shown is not included. Come see the fresh updates, finished basement, sunroom, and community amenities, and discover the value this home offers. All details about the community are at colonialacresphasev . com
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 42.15 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $70,000 |
| Beds | 2 |
| Baths | 2 full |
| Square feet | 1,220 |
| Type | Condominium |
| Subdivision | COLONIAL ACRES SUB |
| County | Oakland |
| MLS # | 20261087985 |
| Listed | 2026-10-31 |
| Days on market | 0 |
| Year built | 1978 |
| Possession | At closing |
| Stories | 1 story, ground floor |
| Basement | Finished |
| Heating | Baseboard, Natural gas |
| Foundation | Basement, Poured |
| Water / Sewer | City water & sewer |
| Pool | Community, In-ground |
| Listing office | Keller Williams Advantage Northville |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | — | about $35,000 |
| Yearly property tax | $748 | about $1,475 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $727 a year more than this seller pays. 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.
Location
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 2026-10-31T19:22+00:00; refreshed at least twice daily.