For Sale
3961 Lakewood Drive, Waterford, MI 48329
$698,000
MLS # 20261037938 (Realcomp)
4 beds3 baths2,560 sqftBuilt 19240.29 acres
1 / 36
Listing Description
Vacation at Home on all sports 238 Acre Watkins Lake a clear water spring feed lake. Updated kitchen opens to breakfast nook with walls of windows for water views. Nook opens to Great Room with cozy fireplace and again walls of windows for water viewing. Convenient 1st floor primary suite featuring walk-in closet. 3 Generous second floor bedrooms. Functional mudroom / all purpose space with built-ins and pantry. Finished walk-out basement with 3rd full bathroom. Enjoy your morning coffee or an evening beverage on the expansive composite deck, Southern Exposure. 1st floor laundry and 2 car attached garage. Location, Location, Location.
Source: SparkMLS
About this home
4-bedroom, 3-bath, 2,560 sq ft home in Waterford Township in Waterford built in 1924.
Currently offered at $698,000 (about $273/sq ft).
Estimated annual property tax: $7,443, or about $620 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms3
Living Area2,560 sqft
Lot Size0.29 acres
Year Built1924
Stories3
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48329
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementWalk-Out Access
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Finished
Sale & Financing
Listed5/25/2026
Terms AcceptedCash, Conventional
HOA
HOA Fee$250 / Annually
Source: SparkMLS
Tax Information
Annual Tax$9,241
State Equalized Value$244,760
Taxable Value$160,290
Parcel #1314152005
Source: Public Records
Legal Description
T3N, R9E, SEC 14 LAKEWOOD SUB NO 1 LOT 41
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Doug J Shaw
RE/MAX First
Frequently Asked Questions about 3961 Lakewood Drive, Waterford, MI 48329
What school district is 3961 Lakewood Drive, Waterford, MI 48329 in?
Per MLS# 20261037938, this property is served by Waterford. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 3961 Lakewood Drive, Waterford, MI 48329?
Per MLS# 20261037938, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261037938, the most recent reported annual property tax for 3961 Lakewood Drive, Waterford, MI 48329 is $9,241. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 3961 Lakewood Drive, Waterford, MI 48329 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 3961 Lakewood Drive, Waterford, MI 48329 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Oakland County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$7,443
Monthly$620
Millage rate30.4079 mills
Municipality: CHARTER TOWNSHIP OF WATERFORD
School district: PONTIAC CITY SCHOOL DISTRICT
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$5,168
Principal & interest$4,527
Property taxes$620
HOA$21
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
3961 Lakewood Drive, Waterford, MI 48329
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Municipality
Waterford Township
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County
Oakland County
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