Colonial Acres
Closed-sale statistics for Colonial Acres, with the property-tax reality attached — computed 2025-09-01 to 2026-09-01, not scraped from listings.
- Median sale price
- $109,000
- Median days on market
- 40
- List-to-sale ratio
- 97.8%
6 closed sales, 2025-09-01 to 2026-09-01
What taxes actually become here
Michigan taxable value uncaps the year after you buy (MCL 211.27a). At this subdivision's median price of $109,000, in South Lyon Community School District at 42.15 homestead mills, the year-two bill is approximately $2,297 — regardless of what the seller currently pays. The listing will almost certainly show less. Run your own number.
How Colonial Acres compares in South Lyon
Of the 6 South Lyon subdivisions and condo projects we publish statistics for, Colonial Acres's $109,000 median ranks 5 of 6 — 24% below the tracked-South Lyon median of $144,250.
| Project | Median sale | Sales | Year-2 tax |
|---|---|---|---|
| Trotters Pointe OCCPN 951 | $535,000 | 11 | $11,275 |
| Lexington Place OCCPN 1743 | $386,500 | 6 | $8,145 |
| Southridge Occp 593 | $171,000 | 16 | $3,604 |
| Princeton Square OCCPN 1125 | $117,500 | 6 | $2,476 |
| Colonial Acres | $109,000 | 6 | $2,297 |
| Colonial Acres | $88,650 | 8 | $1,868 |
Year-2 tax is the estimated post-uncapping homestead bill at each project's median price. Ranked by median closed price, 2025-09-01 to 2026-09-01.
For sale in Colonial Acres right now
$74,400
25106 Franklin Terrace, Unit 6 · South Lyon
1 bd · 2 ba · 1,440 sqft
Listing courtesy of Crossroads Real Estate of Brighton
$75,000
25102 Franklin Terrace, Unit 8 · South Lyon
1 bd · 1 ba · 700 sqft
Listing courtesy of Social House Real Estate Group LLC
$119,900
25245 Franklin Terrace, Unit 3 · South Lyon
2 bd · 2 ba · 1,700 sqft
Listing courtesy of National Realty Centers, Inc
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 2026-09-22T08:54-04:00; refreshed at least twice daily.
This is the median. Your number depends on the address.
Median statistics cannot price a specific house. For one address we can compute the year-two tax bill, the escrow impact, eligibility for down-payment programs, and — if you own here — what a sale would actually net after transfer tax and payoff.
Get my numbers for an address Affordability calculator
Common questions
What is the median home price in Colonial Acres?
The median closed sale price in Colonial Acres (South Lyon) is $109,000, from 6 sales 2025-09-01 to 2026-09-01.
What will property taxes be after buying in Colonial Acres?
At the median price, taxable value uncaps to roughly $54,500 and the year-two bill in South Lyon Community School District is approximately $2,297 at homestead rates.
How does Colonial Acres compare with other South Lyon subdivisions?
Its $109,000 median ranks 5 of 6 South Lyon projects we track — 24% below the tracked-city median of $144,250.
More context: South Lyon property tax rates · school district breakdowns · all calculators