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26945 Milford Rd APT 8, South Lyon, MI, 48178

1beds
1baths
780sqft
$58,000
$74price/sqft
$556/moest. monthly cost
$22,240/yrincome needed

About This Home

Great opportunity to live in Lake Angela Co-op, with the lake just a short distance from the back of the building. This is the most cost effective location in the area. Lake Angela Co-op is a 55 and over community. There are three buildings on the east side of the lake, which share access to the non motorized lake. Each building is a separate co-op. This unit has recently had the bath updated and a new electric cooktop installed in the kitchen along with other upgrades. The living room could be used as a second bedroom if so desired. Basement is a common area, with storage lockups and laundry on the north side and a large common room you may utilize if you wish to entertain a group. Buyer must be approved by the board to complete the purchase. Cash sale only.

Getting Around

11
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

9/10
8/10
Centennial Middle SchoolGrades 6-83.5 mi
8/10

Construction

Condition

  • Property condition: Quick Delivery Home
  • New construction: Yes
  • Year built: 1961

Materials

  • Foundation: Basement,Poured
  • Roof: Built Up
  • Construction materials: Brick

Type & Style

  • Home type: Cooperative
  • Architectural style: End Unit,Ranch
  • Property subType: Stock Cooperative

Interior

Appliances

  • Appliances included: Built In Electric Oven,Electric Cooktop,Exhaust Fan,Free Standing Refrigerator
  • Laundry features: Common Area

Basement

  • Has basement: Yes
  • Basement: Common,Partially Finished

Bedrooms & Bathrooms

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

Dining Room

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

Family Room

  • Level: Entry
  • Area: 240
  • Dimensions: 20 X 12

Features

  • Finished area above ground: 780

Heating & Cooling

  • Heating features: Baseboard,Hot Water,Natural Gas
  • Cooling features: Wall Units

Interior Area

  • Total interior livable area: 780 sqft

Kitchen

  • Level: Entry
  • Area: 72
  • Dimensions: 9 X 8

Other

  • Level: Entry
  • Area: 40
  • Dimensions: 5 X 8

Primary Bedroom

  • Level: Entry
  • Area: 187
  • Dimensions: 17 X 11

Property

Details

  • Parcel number: 2115151005
  • Special condition: Short Sale No,Standard

Features

  • Levels: One Story Up
  • Stories: 1
  • Entry location: UpperLevelwSteps
  • Pool features: None
  • Patio & porch: Covered,Porch
  • Exterior features: Awnings,Grounds Maintenance,Lighting,Private Entrance
  • On waterfront: Yes
  • Waterfront features: Beach Access,Beach Front,Direct Water Frontage,Lake Front,No Motor Lake,Shared Water Frontage
  • Waterbody name: Lake Angela

Parking

  • Parking features: 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 $293$3,516
Home Insurance *$15$180
Property Taxes $60$720
Electricity $188$2,259
Total$556$6,672
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$19,062/yr
40% on housing$16,680/yr
45% on housing$14,826/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

$74This listing

vs Other Active Listings

Avg $/sqft

ZIP 48178$167
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)

Price History

DateEventPrice
2026-05-11Listed for sale$61,500
2023-06-15Listing removed--
2023-03-09Price change$51,900
2022-06-26Listed for sale$58,000
2021-06-24Sold$49,900
2021-06-23Pending sale$49,900
2021-06-21Listed for sale$49,900
2021-06-16Pending sale$49,900
2021-06-15Listed for sale$49,900
2014-05-08Sold$25,000
2014-03-24Listed for sale$26,000
2014-01-13Listing removed$24,500
2013-10-10Price change$24,500
2013-08-15Price change$25,000
2013-02-26Price change$26,000
2012-10-10Listed for sale$27,000

New Construction

AgentRichard Childs
BrokerageColdwell Banker Professionals-Northville

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