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25157 Franklin Terrace, Unit 7, South Lyon, Mi 48178

$89,000
  • 25157 Franklin Terrace, Unit 7, South Lyon, Mi 48178 Main Photo

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(Short Sale) - Accepting Backup Offers
BEDS2 BATHS1 full 1 partial SQUARE FEET1,060 MLS#20261052372
STATUS(Short Sale) - Accepting Backup Offers PROPERTY TYPEResidential - SUBDIVISIONC O L O N I A L A C R E S S U B SCHOOLSouthLyon

Property Description

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 closing fee to co-op and $300 to the co-op reserve fund escrow.

25157 Franklin Terrace, Unit 7 | MLS# 20261052372

This home located at 25157 Franklin Terrace, Unit 7, South Lyon, Mi 48178 is currently listed for sale with an asking price of $89,000. This property was built in 1973 and has 2 bedrooms and 1 full and 1 partial baths with 1060 sq. ft. Franklin Terrace, Unit 7 is located in the C O L O N I A L A C R E S S U B subdivision within the SouthLyon school district. Search C O L O N I A L A C R E S S U B real estate on www.hardingrealestateteam.com today.

Property Features

Property Type: Residential -
Basement: Yes
Basement: Finished, Private
Cooling: Ceiling Fans, Wall Units
Heating: Baseboard, Natural Gas
Home Style: Ranch
Roof Type: Asphalt
Stories: 1.0
Taxes: $0
Year Built: 1973

Amenities

Grounds Maintenance
Lighting
Private Entrance

Feature Descriptions

Appliances: Dishwasher, Dryer, Free Standing Freezer, Free Standing Gas Range, Free Standing Refrigerator, Microwave, Washer
Community Features: Clubhouse
Days on Site: 15
Exterior: Brick, Wood Siding
HOA Fee: 530/ Monthly
Parking: Parking Lot, No Garage
Parking Notes: Parking Lot, No Garage
Patio/Porch: Patio, Porch
Pets Allowed: Breed Restrictions, Number Limit, Size Limit, Yes
Pool: Community, In Ground, Outdoor Pool
Sewer: Public Sewer
Water: Public

Room Sizes

Living Room: 15 X 14
Kitchen: 15 X 8
Primary Bedroom: 15 X 11
Bath Full: 7 X 5
Bath Lav: 6 X 3
Bedroom: 12 X 10
Laundry: 15 X 11
Family Room: 20 X 15

Local Schools

School District: SouthLyon

Listed By / Shown By

Listed By

Agency Name: EXP Realty - Northville
Agency Phone: 2487904646

Shown By

Agent Name: Harding Real Estate Team
Agent Phone: (734) 812-6900
Agency Title: Key Realty

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Estimated Payment

$ 523.80 per month $497.84 Principal & Interest $0.00 Property Tax (data not provided by mls) $25.96 Homeowner's Insurance

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