tomo logo

$425,000

Beds
7
Baths
3.0
sq ft
2,775

60560 Lillian St, South Lyon, MI 48178

60560 Lillian St

Lyon Twp, MI 48178

  • 18 days on market
Welcome to downtown South Lyon! This home is loaded with character and is almost 3000 sq ft with 7 bedrooms and 3 baths! As you arrive you will notice it is settled on a nicely landscaped half acre corner lot. Walk up to the large front porch where you can enjoy your morning coffee during the summer months. Once inside you will notice hardwood flooring and a large formal dining room as well as a spacious living room with a fieldstone fireplace & a bay window. The updated large chef's kitchen is perfect for entertaining which includes a breakfast nook, custom island and a commercial Viking gas stove as its centerpiece. The main floor also includes 3 bedrooms, an updated bath with a soaker tub and bidet, as well as the laundry/mud room coming off the attached 2 car garage. Going upstairs you will find another 3 bedrooms, bathroom, and large primary suite that has vaulted ceilings, a generous walk-in closet, and full bath with both a stand up shower and separate jacuzzi tub. Walking out the back door wall you will enter into the large fully fenced back yard, that leads to a 2nd full two car garage that could be used for any multitude of ideas, or for a business. Since it has its own separate entrance onto the adjacent side street it could even be rented out. Entire new septic system just installed a couple of years ago. 2 blocks from downtown and right around the corner from Sayer Elementary makes local walking to everything a breeze!

Details

Property type

Single Family Residence

Est. home value

$486,539

Lot size

0.47 acres

Price per sq ft

$154

Year built

1962

Annual property taxes

$6,726

Price History

12/03/2024
Realcomp

Realcomp #20240090084

Listed
$425,000
+38.89%
10/30/2020
Realcomp

Realcomp #2200043982

Sold
$306,000

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

$106,523
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$284,477
Cash to seller
$106,523

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

Seller’s Loan History

Lender

Mutual Of Omaha Mortgage Inc

Loan start date

October 2020

Original loan amount

$313,038

Est. remaining balance

$284,477

Interest rate

2.86%

Loan type

VA, 30 year

Seller

Christopher Lynch

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?

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Status: Active

Tomo last checked: 12/22/2024 at 9:10 PM

Listing updated: 12/07/2024 at 12:10 AM

Listed by: James Fisher, Fontaine Real Estate Group Phone #: (248) 654-8700

MLS: Realcomp #20240090084

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