7 months on rocket

405 N Lafayette St, South Lyon, MI, 48178

$849,900

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
859 SqFt
$989/SqFt
House

Location

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405 N Lafayette St, South Lyon$849,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage2 spaces
Year Built1929
HeatingNatural Gas, Forced Air
MLS #20240019642
Lot Size3.00 Acres
StatusActive

About 405 N Lafayette St

2 Homes sits on 3 Acres of Prime Property located in Downtown South Lyon. Sale includes 345 N. Lafayette AND 405 N. Lafayette. 188 feet frontage on Layette (Pontiac Trail) Perfect spot for new Retail shops with Apartments or Lofts. Many possibilities! Value is in the land. Current buildings are tenant occupied. Do not approach tenants or walk property without permission.

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod, Colonial
  • Year Built: 1929
  • Stories: 1
  • Living Area: 859 SqFt

Listing Office:

  • Office Name: Coldwell Banker Metro Real Estate
  • Office Phone: (248) 242-7282
  • Listing Agent: Lance Shamoo

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached

Virtual/3D Tour

  • Virtual Tour: 405 N Lafayette St
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 3.00 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: 2 Homes/ Buildings On West Side Of Pontiac Trail Just S Of RR Tracks Past Window Company

Price Information

Listing Price Info

Price Summary:

  • List Price: $849,900
  • Price Per SqFt: $989/SqFt

Tax Information:

  • Annual Amount: $5,899
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in South Lyon, MI.

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South Lyon, MI

City

Med. Sold Price

$460K

Med. Price/SqFt

$208

Avg. Days On Market

55

# of Sold Homes

41

405 N Lafayette St vs South Lyon

233 DAYS ON ROCKET

+178 Days

$849,900

+$389.9K More

$989/SqFt

+$781 More

KEY TAKEAWAY

This property is $389.9K more than the Median Sold Price and $781/SqFt more than other homes in South Lyon, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240019642

Listing Office:

  • Office Name: Coldwell Banker Metro Real Estate
  • Office Phone: (248) 242-7282
  • Listing Agent: Lance Shamoo

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,899$109,940
2020$5,865$106,290
2018$5,718$101,030
2017$5,702$100,700

History based on county public records data.

Payment Calculator

$4,309

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-475670
7
/10

  • Frank E. Bartlett Elementary School

  • 350 School St

  • 0.21 miles

  • Public Magnet Grades KG-5

school-card-donut-475671
5
/10

  • Sayre Elementary School

  • 23000 Valerie St

  • 0.87 miles

  • Public District Grades KG-5

school-card-donut-475672
6
/10

  • Willam A. Pearson Elementary School

  • 57900 11 Mile Rd

  • 1.90 miles

  • Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $81,368. Most South Lyon, MI residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 405 N Lafayette St

What is the listing price of this property?

The listing price of 405 N Lafayette St property is $849,900.

What type of property is this?

The property 405 N Lafayette St is a house located in South Lyon, Michigan, 48178.

Is this property for sale now?

Active Listing: 405 N Lafayette St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,899 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 405 N Lafayette St has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 405 N Lafayette St is 859 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 405 N Lafayette St is 1929.

Rocket Homes›Michigan›Oakland County›South Lyon›48178›405 N Lafayette St

This home is located at 405 N Lafayette St in South Lyon, MI and zip code 48178. This 859 square foot home, which was built in 1929, sits on a 3.00 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $849,900.

South Lyon, MI housing market in October 2024 saw over 12 listings sold above listed price, more than 6 sold at listed price and over 23 sold below. The number of homes for sale in South Lyon, MI increased by 7.1% between September 2024 and October 2024. Listings spent 55 days on the market in October 2024, and had a median list price of $460,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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