2551 7 Mile Rd
South Lyon, MI 48178
3 bd 2 ba 1,370 sqft Built 1958 Lot 246,114 sqft single_family
Most recent sale
$300,000
Oct 7, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 30, 2024 | Sold | $450,000 | MichRic |
| May 30, 2024 | Sold | $450,000 | MichRic |
| May 2, 2024 | Listed | $485,000 | MichRic |
| Mar 14, 2024 | Listed | $475,000 | MichRic |
| Jan 4, 2024 | Listing removed | — | Realcomp |
| Oct 30, 2023 | Price changed | $437,900 | Realcomp |
| Oct 17, 2023 | Listed | $438,000 | Realcomp |
| Oct 17, 2023 | Price changed | $438,000 | Realcomp |
| Sep 1, 2023 | Price changed | $500,000 | Realcomp |
| Aug 30, 2023 | Price changed | $500,000 | Realcomp |
| Apr 22, 2023 | Price changed | $450,000 | Realcomp |
| Dec 9, 2022 | Price changed | $399,000 | Realcomp |
| Nov 25, 2022 | Price changed | $399,900 | Realcomp |
| Nov 9, 2022 | Listed | $425,000 | Realcomp |
| Oct 7, 2022 | Sold | $300,000 | Public Record |
| Sep 30, 2022 | Sold | $300,000 | MichRic |
| Sep 14, 2022 | Listed | $329,900 | MLS #3290840 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | — | — | $123,900 | $3,551 |
| 2021 | — | — | $119,400 | $2,278 |
| 2020 | — | — | $117,800 | $3,451 |
| 2019 | — | — | $114,100 | $3,479 |
| 2018 | — | — | $116,500 | $3,429 |
| 2017 | — | — | $114,200 | $3,378 |
| 2016 | — | — | $108,600 | $3,408 |
| 2015 | — | — | $99,700 | $3,405 |
| 2014 | — | — | $92,700 | $3,354 |
| 2013 | — | — | $91,700 | $3,349 |
| 2012 | — | — | $88,400 | $3,288 |
| 2011 | — | — | $90,700 | $3,234 |
| 2010 | — | — | $97,900 | $3,059 |
| 2009 | — | — | $110,200 | $2,896 |
| 2008 | — | — | $123,300 | $1,938 |
| 2007 | — | — | $133,500 | $1,894 |
Property facts
Year built
1958
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,370 sqft
Lot size
246,114 sqft
ZIP code
48178
City
South Lyon
Street
7 Mile Rd
Coordinates
42.41782, -83.71401
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,055
Gross rental yield
8.22%
Implied cap rate
5.34%
Trend-extrapolated value
—
Frequently asked questions
When did 2551 7 Mile Rd last sell?
2551 7 Mile Rd most recently sold on Oct 7, 2022 for $300,000.
What is the current tax assessment for 2551 7 Mile Rd?
The most recent total assessment for 2551 7 Mile Rd (year 2022) is $123,900 with $3,551 in property tax.
How does 2551 7 Mile Rd's assessment compare to its last sale price?
The current assessment is 58.7% below the last sale price of $300,000.
When was 2551 7 Mile Rd built?
2551 7 Mile Rd was built in 1958.
How does 2551 7 Mile Rd compare to others on 7 Mile Rd?
We track 8 other properties on 7 Mile Rd. Browse the list under "Other properties on 7 Mile Rd" to compare beds, baths, and sale history.
What are the property facts for 2551 7 Mile Rd?
2551 7 Mile Rd is a 3 bed, 2 bath, 1,370 sqft, 246,114 sqft lot single_family.
Is 2551 7 Mile Rd a flip candidate?
Yes — 2551 7 Mile Rd appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 2551 7 Mile Rd a tax-appeal candidate?
No — 2551 7 Mile Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.5%
Implied 1-yr
-14.1%
2026 Q3
$387.4K
2026 Q4
$369.8K
ZIP 48178 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 7 Mile Rd