About This Home

This 2-bedroom, 2-bathroom condo at 25157 Franklin Terrace #7 in South Lyon, MI is listed for $88,000 ($147 per sqft). Built in 1973, the home offers 600 sqft of living space on a N/A lot.

Key Features

  • Built in 1973

Property Details

1 story
1 full, 1 half
#7
1973
Listing Description

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

Monthly Cost Estimate

$1,001/mo

20% down · 6.5% · 30 years

Principal$64
Interest$381
Insurance$26
HOA$530

Estimates only. Actual payments may vary.

Location

25157 Franklin Terrace #7

South Lyon, MI 48178

COLONIAL ACRES SUB

Features & Amenities

Interior Features

Furnished - Negotiable

Exterior Features

Club HouseGrounds MaintenanceLightingPrivate EntryPool - CommunityPool - Inground

Property Details

Construction

Brick Wood

Heating

Baseboard

Cooling

Wall Unit(s)Ceiling Fan(s)

Appliances

DishwasherDryerFree-Standing FreezerFree-Standing Gas RangeFree-Standing RefrigeratorMicrowaveWasher

Questions & Answers

This 2-bedroom, 2-bathroom condo at 25157 Franklin Terrace is listed at $88,000 ($147/sqft). The estimated monthly payment is $1,001 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $530/month.

Key features include: Built in 1973. Interior Features: Furnished - Negotiable. Exterior Features: Club House, Grounds Maintenance, Lighting.

This property is listed by Kristyn St Clair.

KC

Kristyn St Clair

Agent at eXp Realty LLC

Listed by eXp Realty LLC · Broker phone: (888) 501-7085 · View on Broker Site

MLS# 20261052372· Source: Realcomp Limited II· 104 days on PropertySimple

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

25157 Franklin Terrace #7, South Lyon, MI 48178

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