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    61264 Greenwood Dr South Lyon, MI 48178

    For Sale
    $188,000

    Charming 2-bedroom condo near downtown South Lyon.

    Property size:
    1,085 SF

    Property Features for 61264 Greenwood Dr

    General Information

    Size
    1,085 SF

    Building Details

    Year built
    1991

    Source: KW Realty Living Agent James Blehm

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Lyon Condo Near Downtown

    This charming condo, built in 1991, features 1,085 square feet of single-level living space, including two bedrooms and two bathrooms. The layout includes a primary suite, an additional bedroom or office space, and a designated laundry area. The kitchen is well-maintained and offers abundant cabinetry. A 10ftx4ft storage space is located under the staircase for easy access. Situated just over 1 mile from downtown South Lyon, the property offers convenient access to shops, restaurants, and the Huron Valley Rail Trail. Its location is commuter-friendly, providing quick access to Novi, Northville, Ann Arbor, and Brighton, and is under an hour from downtown Detroit. Several recreation areas are nearby, including Kensington Metropark, Island Lake, and Proud Lake. Located in Oakland County, the condo is within the South Lyon School District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6546442
    Latitude
    42.4733361

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    FAQs

    What type of property is this?
    Single family property - Charming 2-bedroom condo near downtown South Lyon.
    Where is this single family property located?
    The property is located at 61264 Greenwood Dr South Lyon, MI.
    What is the asking price?
    The asking price for this property is $188,000.
    What are key features of this property?
    This property features: - Conveniently located just over 1 mile from downtown South Lyon's shops, restaurants, and the Huron Valley Rail Trail.; - Commuter-friendly location with quick access to Novi, Northville, Ann Arbor & Brighton.; - Features a primary suite and an additional bedroom or office space.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    61264 Greenwood Dr South Lyon, MI 48178
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