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$285,000

Beds
3
Baths
1.0
sq ft
1,906

407 N Reese St, South Lyon, MI 48178

407 N Reese St

South Lyon, MI 48178

  • <1 day on market
This beautiful 3-bedroom Colonial offers a perfect blend of comfort and convenience. Located in a peaceful neighborhood, the home features a serene, quiet backyard—ideal for relaxing or entertaining. The sellers have a great relationship with the neighboring business owner, which operates only Monday through Friday until 4 p.m., and is closed on weekends, ensuring a tranquil atmosphere. Just a 15-minute walk to South Lyon High School and a 5-minute walk to the South Lyon Hotel, you'll enjoy easy access to local amenities. Nearby parks, including Memorial, McHattie, and Volunteer, offer plenty of outdoor recreation. The home comes complete with all appliances, and the foyer has been freshly painted, creating an inviting first impression. With its spacious layout, great location, and peaceful surroundings, this home is ready to welcome you!

Details

Property type

Single Family Residence

Est. home value

$285,963

Lot size

8,276 sq ft

Price per sq ft

$150

Year built

1927

Annual property taxes

$4,411

Price History

03/14/2025
Realcomp

Realcomp #20250017125

Listed
$285,000
+62.86%
10/18/2019
Realcomp

Realcomp #543266616

Sold
$175,000
+6.06%
08/24/2015
Realcomp

Realcomp #215074422

Sold
$165,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

South Lyon

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$103,209
Asking price
$285,000
Closing costs (~8% of asking)
-$22,800
Est. remaining loan balance
-$158,991
Cash to seller
$103,209

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nationstar Mortgage Llc

Loan start date

October 2019

Original loan amount

$178,787

Est. remaining balance

$158,991

Interest rate

3.49%

Loan type

New Conventional, 30 year

Seller

Codey J Zavala Escamilla and Jose A Zavala Escamilla

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/15/2025 at 11:15 AM

Listing updated: 03/15/2025 at 6:04 AM

Listed by: Kyle De La Rosa, Social House Real Estate Group LLC Phone #: (313) 784-9879

MLS: Realcomp #20250017125

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