NOT LISTED FOR SALE

5010 7 Mile Rd South Lyon, MI 48178

Estimated Value: $400,000 - $444,000

4 Beds
2.5 Baths
2,400 Sq Ft
$175/Sq Ft Est. Value

Last Sold January 20, 2022

Last sale price $350,000 $146 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,479/month

5 Days on Market

Highlights

  • Stables
  • Spa
  • Deck
  • Millennium Middle School Rated A-
  • 2.16 Acre Lot
  • Ground Level Unit

About This Home

As of January 2022

Don't miss this one! Lovely 2400 sq. ft. split level with 3 bed. possible 4, 2.5 baths. Home is on a beautiful parklike setting with pond and walking bridge to gazebo. Very private fenced yard with a 2 story barn. Relax in your hot tub in a cedar walled room. Low Salem taxes. South Lyon schools. Call listing agent for lockbox code. 810 533-2570

Last Agent to Sell the Property

Reginald Carveth

Reliance Realty, LLC License #6501344710 Listed on: 12/01/2021

Last Buyer's Agent

Reginald Carveth

Reliance Realty, LLC License #6501344710 Listed on: 12/01/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1963

Lot Details

  • 2.16 Acre Lot
  • Lot Dimensions are 300x316x300x316
  • Property fronts a private road

Home Design

  • Split Level Home
  • Tri-Level Property
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • Ceiling Fan
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Attic Fan

Kitchen

  • Free-Standing Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Deck
  • Exterior Lighting
  • Gazebo
  • Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Radiant Heating System
  • Liquid Propane Gas Water Heater
  • Water Softener is Owned
  • Cable TV Available

Additional Features

  • Ground Level Unit
  • Stables

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number A00106376016
  • $2,500 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,360

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Split Level
  • Architecture Level: Tri-Level
  • Year Built: 1963
  • State Equalized Value: 102800.0000
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Water Softener (owned), Spa/Hot-tub, Cable Available
  • Fireplace: Yes
  • Fireplace Locations: Family Room, Living Room
  • Room Count: 11
  • Total Bedrooms: 4
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Kitchen Appliances: Dryer, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 2400
  • Total Sq Ft: 2400

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Aluminum, Brick
  • Exterior Features: Spa/Hot-tub, Lighting, Gazebo
  • Frontage Feet: 300
  • Porch Type: Deck, Porch
  • Road Frontage Type: Gravel, Paved, Private

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: LP Gas/Propane
  • Cooling: Attic Fan, Ceiling Fan(s), Window Unit(s)
  • Heating: Baseboard, Radiant
  • Sewer: Septic Tank (Existing)
  • Water Heater Fuel: LP Gas/Propane
  • Water Source: Well (Existing)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: South Lyon

Lot Info

  • Homestead: Yes
  • List Price per Acre: 157361.1100
  • Lot Size Area: 2.16
  • Lot Dimensions: 300x316x300x316
  • Parcel Number: A00106376016

Tax Info

  • Tax Amount Summer: 2121.0000
  • Tax Amount Winter: 239.0000
  • Total Tax: 2360.0000
  • Taxable Value: 89857.0000

MLS Schools

  • School District: South Lyon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Jan 21, 2022
Sold by
Lee Hartoon James
Bought by
Karanja-Keith Lucy
Seller's Agent
Reginald Carveth
Reliance Realty, LLC
Buyer's Agent
Reginald Carveth
Reliance Realty, LLC
List Price
$339,900
Sold Price
$350,000
Premium/Discount to List
$10,100
2.97%
Current Estimated Value
$411,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,618
Avg. Annual Appreciation
6.63%
Original Mortgage
$343,660
Outstanding Balance
$319,955
Interest Rate
3.45%
Mortgage Type
FHA
Estimated Equity
$120,473
Source: Public Records

Range of Values:

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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
Karanja-Keith Lucy $350,000 Liberty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karanja-Kern Lucy $343,660
Previous Owner Hartoon James Lee $157,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2022 01/20/22 Sold $350,000 +3.0% $146 / Sq Ft
12/07/2021 12/07/21 Pending -- -- --
12/01/2021 12/01/21 For Sale $339,900 -- $142 / 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
2025 $2,830 $139,350 $0 $0
2024 $2,830 $126,600 $0 $0
2023 $2,697 $114,700 $0 $0
2022 $2,433 $105,800 $0 $0
2021 $2,365 $102,800 $0 $0
2020 $2,347 $95,600 $0 $0
2019 $234 $94,900 $94,900 $0
2018 $2,339 $98,800 $0 $0
2017 $2,300 $96,400 $0 $0
2016 $2,195 $82,440 $0 $0
2015 -- $82,194 $0 $0
2014 -- $80,550 $0 $0
2013 -- $80,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Reginald Carveth

    Reliance Realty, LLC

    (248) 347-6683

    1 in this area

    10 Total Sales

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Map

Source: Realcomp

MLS Number: 2210098754

Realcomp

APN: 01-06-376-016

Michigan Washtenaw County South Lyon 48178

5010 7 Mile Rd, South Lyon, MI

This home is located at 5010 7 Mile Rd, South Lyon, MI 48178 since 01 December 2021 and is currently estimated at $419,945, approximately $174 per square foot. This property was built in 1963. 5010 7 Mile Rd is a home located in Washtenaw County with nearby schools including Salem Elementary School, Millennium Middle School, and South Lyon East 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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