49875 Lantern Way, Canton, MI 48188 Property Records

Wayne County property record for 49875 Lantern Way, Canton, MI 48188

Property Summary

Property Type	Condominium
Details	2.5 ba · 1,627 sqft · built 2022
Owner	Individual Name on File
Last Sale	$390,000 (May 2023)
Tax Bill	$8,099 (2025)
Deeds & Mortgages	May 2023 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`71 073 07 0173 000`

Property Details

APN / Parcel Number

Primary APN	`71 073 07 0173 000`

Interior

Full Baths	2.5 Baths
Half Baths	1 Half Bath
Stories	2 Stories
Building Area	1,627 sqft Living Area
1st Floor Area	380 sqft
Basement Area	380 sqft
Unfinished Basement	380 sqft

Exterior

Year Built	Built 2022
Effective Year Built	Effective 2022
Architectural Style	Condo/Apartment
Garage Area	430 sqft
Parking Spaces	2 Parking Spaces

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Forced Air with A/C

Location & Zoning

Street Address	49875 LANTERN WAY
City	CANTON
State	MI
Zip	48188-2947
Property Category	Residential
Property Type	Residential > Condominium / Townhouse > Condominium
Legal Description	UNIT 173 REPLAT #5 WAYNE COUNTY CONDO SUB PLAN NO. 1106 AKA THE TOWNS AT CHERRY HILL T2S R8E L56582 OF DEEDS P35-44 WCR 2019
Legal Subdivision	THE TOWNS AT CHERRY HILL
Legal Unit	173
Jurisdiction	WAYNE MI
Township / Civil Division	CANTON
Census Block Group	2
Census Block	2000
Census Tract	564501

Owner

49875 Lantern Way, a condominium, is owned and occupied by an individual who bought it in May 2023.

Source: Wayne County records, as of September 15, 2026

Owner of Record	Individual Name on File
Mailing Address	49875 LANTERN WAY, CANTON, MI 48188-2947
Occupancy	Owner Occupied
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 5, 2023 · Amount on File
Deed Sale	May 5, 2023 · Amount on File
Deed Document Number	2023146540
Deed Book / Page	58241 / 974
Record Updated	Oct 29, 2026

May 2023: Warranty Deed, Subdivision Related Transfer

Document Type	Warranty Deed
Jurisdiction	WAYNE MI
Recording Date	May 5, 2023
Property Address	49875 LANTERN WAY, CANTON, MI 48188-2947
Document Number	0582410974
Book / Page	58241 / 974
Map Reference	LB 55252 PG 860
Instrument Date	Apr 28, 2023
Instrument	2023146540
Transaction Type	Subdivision Related Transfer
Record Updated	May 26, 2023

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$2,925.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	40950 WOODWARD AVE STE 203, 203, BLOOMFIELD HILLS, MI 48304-5127

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	49875 LANTERN WAY, CANTON, MI 48188-2947

Mortgage

Document Number	0058241978
Date	May 5, 2023
Instrument	58241/978

Lender

Name	M/I FINANCIAL LLC
Type	Funding / Finance Company

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	180 Months
Due	May 1, 2038

Tax Assessment & Valuation

The 2025 property tax bill for 49875 Lantern Way was $8,099 with a homeowner's exemption.

Source: Wayne County assessment roll, as of September 15, 2026

Property Jurisdictions

Type	Name
State	Michigan
County	Wayne County
County Subdivision	Canton Charter Township
Unified School District	Plymouth-Canton Community Schools (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$208,800 (+4.92%)	$417,600 (+4.92%)
2025	$8,099.00 Homeowner's exemption	$199,000	$398,000
2023	$4,648.00	$161,200	$322,400

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

FEMA maps place 49875 Lantern Way in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 2025.

Source: FEMA National Flood Hazard Layer, effective May 25, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	4 in force
Nearby Flood Claims	1 (2025)
Claims Outside the SFHA	1 of 1
Most Recent Claim	May 2025 · other causes

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 49875 Lantern Way is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 99.1% of the US · lower than 98.4% of Michigan
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CANTON TOWNSHIP serves 99,627 people · EPA ID MI0001100
Water Source	Surface water
Last State Inspection	Aug 2024
Lead	Under 1 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 328 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · DSL	5,000 / 5,000
Xfinity Cable	2,000 / 250
WOW Internet, Cable & Phone Cable	1,200 / 50
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20