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25235 Franklin Ter #8, South Lyon, MI, 48178

1beds
2baths
1,650sqft
$119,900
$73price/sqft
$950/moest. monthly cost
$38,000/yrincome needed

About This Home

End unit in great location with extra windows for lots of natural light*Large walk-in closet for tons of storage* Spacious primary bedroom* Recent all new kitchen appliances: Stainless Steel Refrig, Dishwasher and Electric Stove*Finished lower level with work shop, 1/2 bath and full shower*Washer and Dryer included*Flex room for office, exercise room, etc.*First floor recently painted*Enclosed Sunroom for your morning coffee and evening relaxation*This community is for folks 55 plus*Many activities and things to do* Walking distance to down town*Senior community center close by*If you are ready to meet new friends and leisurely living, come and check us out*New residents are vetted by the Association*Maintenance includes: Club House, Activities Water. Sewer, Heat and Lawn Care*

Getting Around

53
WalkingSomewhat Walkable
0
TransitVery Limited Transit
66
BikeBikeable

Schools

6/10
Frank E. Bartlett SchoolGrades PK-50.5 mi
8/10
Centennial Middle SchoolGrades 6-81.6 mi
8/10
South Lyon High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1979

Materials

  • Foundation: Basement,Poured
  • Roof: Asphalt
  • Construction materials: Brick,Wood Siding

Notable Dates

  • Major remodel year: 2024

Type & Style

  • Home type: Condo
  • Architectural style: Ranch
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Free Standing Electric Range,Microwave,Other,Range Hood,Washer
  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Entry
  • Area: 56
  • Dimensions: 7 X 8

Family Room

  • Level: Basement
  • Area: 196
  • Dimensions: 14 X 14

Features

  • Entrance Foyer
  • Finished area below ground: 800
  • Finished area above ground: 850

Heating & Cooling

  • Heating features: Baseboard,Natural Gas
  • Cooling features: Ceiling Fans,Wall Units

Interior Area

  • Total interior livable area: 1,650 sqft

Kitchen

  • Level: Entry
  • Area: 56
  • Dimensions: 7 X 8

Living Room

  • Level: Entry
  • Area: 144
  • Dimensions: 12 X 12

Other

  • Level: Entry
  • Area: 80
  • Dimensions: 10 X 8

Other

  • Level: Basement
  • Area: 48
  • Dimensions: 6 X 8

Primary Bedroom

  • Level: Entry
  • Area: 154
  • Dimensions: 11 X 14

Property

Accessibility

  • Accessibility features: Accessible Bedroom,Accessible Central Living Area,Accessible Closets,Accessible Common Area,Accessible Doors,Accessible Electrical And Environmental Controls,Accessible Entrance,Accessible For Hearing Impairment,Accessible Full Bath,Accessible Hallways,Accessible Kitchen,Accessible Kitchen Appliances,Accessible Stairway,Central Living Area,Common Area

Details

  • Special condition: Short Sale No,Standard

Features

  • Levels: One Story Ground
  • Stories: 1
  • Entry location: GroundLevelwSteps
  • Pool features: Community,In Ground
  • Patio & porch: Enclosed
  • Exterior features: Grounds Maintenance,Lighting,Permeable Paving,Private Entrance

Parking

  • Parking features: Assigned 1 Space,Parking Lot,No Garage

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Heat Wave
Ice Storm
Strong Wind

FEMA Declared Disasters in Oakland County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $606$7,272
Home Insurance *$32$384
Property Taxes $124$1,488
Electricity $188$2,259
Total$950$11,400
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$32,571/yr
40% on housing$28,500/yr
45% on housing$25,333/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.2%
14.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.0%
0.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$73This listing

vs Other Active Listings

Avg $/sqft

ZIP 48178$166
Oakland County$199

vs Homes Sold Last Month

Median $/sqft

ZIP 48178$222
Oakland County$192

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-08-20Price change$123,900
2025-08-01Listed for sale$128,900

For Sale by Agent

AgentJanice M Raupp
BrokerageReal Estate One-Northville

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