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61227 Heritage Blvd, South Lyon, MI, 48178

1beds
2baths
1,152sqft
$80,000
$69price/sqft
$696/moest. monthly cost
$27,840/yrincome needed

About This Home

Tucked into a quiet 55+ cooperative community, this cute and well-maintained 1-bedroom, 2-bath condo offers comfortable living with plenty of extra space. The neutral interior provides a great canvas for your personal style, while the fully finished basement adds flexibility for a second living area, office, hobby space, or guest accommodations. Enjoy your morning coffee or unwind in the cozy sunroom overlooking the peaceful community setting. Major updates include a newer roof and community boiler system for added peace of mind. Full of charm and potential, this home is move-in ready while still offering the opportunity to add your own personal touches. Cash purchase only. Some photos have been virtually staged to illustrate the property’s potential.

Getting Around

39
WalkingCar-Dependent
0
TransitVery Limited Transit
59
BikeBikeable

Schools

6/10
Frank E. Bartlett SchoolGrades PK-50.4 mi
8/10
Centennial Middle SchoolGrades 6-81.5 mi
8/10
South Lyon High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1976

Materials

  • Foundation: Basement,Block
  • Construction materials: Brick

Notable Dates

  • Major remodel year: 2010

Type & Style

  • Home type: Townhouse
  • Architectural style: Townhouse
  • Property subType: Townhouse

Interior

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedroom

  • Level: Entry
  • Area: 120
  • Dimensions: 12 X 10

Bedrooms & Bathrooms

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

Features

  • Finished area below ground: 500
  • Finished area above ground: 652

Heating

  • Heating features: Baseboard,Natural Gas

Interior Area

  • Total interior livable area: 1,152 sqft

Other

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

Other

  • Level: Basement
  • Area: 42
  • Dimensions: 7 X 6

Property

Details

  • Special condition: Short Sale No,Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: GroundLevelwSteps

Parking

  • Parking features: Assigned 1 Space,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 $404$4,848
Home Insurance *$21$252
Property Taxes $83$996
Electricity $188$2,259
Total$696$8,352
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$23,862/yr
40% on housing$20,880/yr
45% on housing$18,560/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

$69This 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)

No zestimate history available

Price History

DateEventPrice
2026-07-24Price change$80,000
2026-06-29Price change$83,000
2026-05-20Listed for sale$87,000

For Sale by Agent

AgentAshten Tucker
BrokerageThe Brand Real Estate

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