NOT LISTED FOR SALE

400 W Lake St South Lyon, MI 48178

Estimated Value: $294,000 - $329,000

4 Beds
2 Baths
1,472 Sq Ft
$211/Sq Ft Est. Value

Last Sold September 14, 2023

Last sale price $300,000 $204 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,286/month

4 Days on Market

Highlights

  • Deck
  • No HOA
  • Porch
  • Ground Level Unit
  • 2 Car Detached Garage
  • Bungalow

About This Home

As of September 2023

Located in the heart of downtown South Lyon, this lovely Early American style home features 4 bedrooms, 2 full bathrooms, a detached garage with extra storage in the loft, walking distance to everything downtown has to offer. Brand new roof in April 2023 with transferable warranty. Carpet in 2023. 1 year Home Warranty. This house is move in ready and in perfect condition.

Last Agent to Sell the Property

Ryan Newman

RE/MAX Select License #6501379886 Listed on: 08/10/2023

RE/MAX Select

Last Buyer's Agent

Dave Richards

Remerica Hometown One License #6501249552

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1920

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66 x 132

Parking

  • 2 Car Detached Garage

Home Design

  • Bungalow
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,472 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace
  • Unfinished Basement

Kitchen

  • Free-Standing Electric Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Porch

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Arm's Sub Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 2119456023
  • $8,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,962

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 3.82; Yerkes Drain Maintenance - PD on Winter Taxes
  • Warranty: Yes
  • Year Built: 1920
  • State Equalized Value: 102930.0000
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Living Room
  • Room Count: 11
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Dryer, Free-Standing Electric Oven, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 1472
  • Total Sq Ft: 1472
  • Sq Ft Total Bsmt: 850

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Poured
  • Frontage Feet: 66
  • Porch Type: Deck, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: South Lyon

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.20
  • Lot Dimensions: 66 x 132
  • Parcel Number: 2119456023

Tax Info

  • Tax Amount Summer: 2826.0000
  • Tax Amount Winter: 136.0000
  • Total Tax: 2962.0000
  • Taxable Value: 73030.0000

MLS Schools

  • School District: South Lyon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Sep 14, 2023
Sold by
Gaines Dennis E and Gaines Cindy L
Bought by
Hoffman Emily E
Seller's Agent
Ryan Newman
RE/MAX Select
Buyer's Agent
Dave Richards
Remerica Hometown One
List Price
$275,000
Sold Price
$300,000
Premium/Discount to List
$25,000
9.09%
Views
115
Current Estimated Value
$311,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,322
Avg. Annual Appreciation
1.34%
Original Mortgage
$220,000
Outstanding Balance
$216,509
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$91,352
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hoffman Emily E $300,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffman Emily E $220,000
Previous Owner Gaines Dennis E $116,272
Previous Owner Gaines Dennis E $69,900
Previous Owner Gaines Dennis E $122,000
Previous Owner Gaines Dennis E $73,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2023 09/14/23 Sold $300,000 +9.1% $204 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $275,000 -- $187 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,080 $120,620 $0 $0
2023 $3,061 $117,560 $0 $0
2022 $2,962 $102,930 $0 $0
2021 $2,818 $101,450 $0 $0
2020 $2,728 $93,920 $0 $0
2019 $2,790 $85,700 $0 $0
2018 $2,718 $90,200 $0 $0
2017 $2,730 $90,410 $0 $0
2016 $2,707 $83,780 $0 $0
2015 -- $76,930 $0 $0
2014 -- $66,300 $0 $0
2011 -- $67,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Newman

    Seller's Agent in 2023

    Ryan Newman

    RE/MAX Michigan

    (248) 240-3373

    1 in this area

    177 Total Sales

    Ryan Newman
    Section Image
  • Dave Richards

    Buyer's Agent in 2023

    Dave Richards

    Remerica Hometown One

    (734) 751-1639

    3 in this area

    105 Total Sales

    Dave Richards
    Section Image
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Map

Source: Realcomp

MLS Number: 20230064996

Realcomp

APN: 21-19-456-023

Michigan Oakland County South Lyon 48178

400 W Lake St, South Lyon, MI

This home is located at 400 W Lake St, South Lyon, MI 48178 since 10 August 2023 and is currently estimated at $311,322, approximately $211 per square foot. This property was built in 1920. 400 W Lake St is a home located in Oakland County with nearby schools including Frank E. Bartlett School, Centennial Middle School, and South Lyon High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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