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$649,900

Beds
6
Baths
3.0
sq ft
4,397

56565 10 Mile Rd, South Lyon, MI 48178

56565 10 Mile Rd

LyonCharterTownship_Oakland, MI 48178

  • Pending
Spacious Former Adult Foster Care Home!! 6-bedroom, 3-bath home on 1.5 acres in a great location with excellent visibility is an ideal turnkey business opportunity. In addition to the home's beautiful finish, including hardwood floors, granite, porcelain tiles, and limestone, features such as a finished 1900 sqft basement, pole barn, large kitchen with stainless-steel appliances, whole-house generator, security system, central vacuum, big pantry, parking for eight, ADA accessibility, a huge deck, and a gazebo add even more value. Previously used to generate $425,000/year in gross income. Furniture and equipment are sold separately.

Details

Property type

Single Family Residence

Est. home value

$593,072

Lot size

1.50 acres

Price per sq ft

$148

Year built

1968

Annual property taxes

$10,091

HOA

No

Price History

04/01/2025
Realcomp

Realcomp #20250017135

Pending
$649,900
03/25/2025
Realcomp

Realcomp #20250017135

Listed
$649,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

SouthLyon

Seller’s Loan History

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

Lender

The Huntington National Bank

Loan start date

April 2019

Original loan amount

$629,500

Est. remaining balance

Not provided

Interest rate

3.88%

Loan type

Commercial

Seller

Hbrother Investments Llc

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: Pending/Under Contract

Tomo last checked: 04/01/2025 at 11:00 PM

Listing updated: 03/31/2025 at 10:21 PM

Listed by: Rina Samman, Homes Main Realty LLC Phone #: (248) 247-5000

MLS: Realcomp #20250017135

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