Sold
5515 Oster Drive, Waterford, MI 48327
Sold on 07/30/2025 for$215,000
MLS # 20251008330 (Realcomp)
2 beds2 baths1,105 sqftBuilt 19570.27 acres
1 / 43
Listing Description
Don't miss your chance to enjoy affordable lake living! This delightful 1105 sq.ft. home with 2 bed (with a flex room that could be a bedroom), 1.5 bath ranch is perfect for first-time buyers or those looking to downsize or maybe even a second home. Located in a quiet neighborhood, the home features a spacious detached 2-car garage, large yard, and shed for additional storage. A nice-sized porch in the front is perfect for slow mornings, and a covered deck in the back, great for gatherings. Three seasons room at the back of house creates extra porch space, storage, or flex room potential. The half bath doubles as laundry room with a washer and dryer, plus utility sink. Wood burning fireplace with beautiful brick mantel is the focal point of the dining room. With some TLC, you can turn this ranch into a homey getaway! Enjoy exclusive access to Crescent Lake, a beautiful all-sports lake with an optional annual association fee of just $85. The private lake amenities include a park, beach, bathrooms, and boat launch, all just a short walk from your front door. Recent updates include a 5-year-old roof, 2-year-old furnace, and a hot water heater less than a year old—giving you peace of mind and added value. Custom made soiled wood cabinets. Windows and ac updated 8 years ago. Schedule your showing today and experience the best of lake life living!
Source: SparkMLS
About this home
2-bedroom, 2-bath, 1,105 sq ft home in Waterford Township in Waterford built in 1957.
Final sale price: $215,000 (about $195/sq ft).
Property tax estimate: $3,483 per year ($290/month). 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. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 9 providers.
Tour
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms2
Living Area1,105 sqft
Lot Size0.27 acres
Year Built1957
Stories1
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed6/16/2025
Sold Date7/29/2025
Terms AcceptedCash, Conventional
HOA
HOA Fee$85 / Annually
Source: SparkMLS
Tax Information
Annual Tax$3,958
State Equalized Value$114,530
Taxable Value$87,910
Parcel #1328128036
Source: Public Records
Legal Description
T3N, R9E, SEC 28 CRESCENT LAKE ESTATES LOTS 96 & 97
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Peggy L Collins
KW Showcase Realty
Frequently Asked Questions about 5515 Oster Drive, Waterford, MI 48327
Which school district serves 5515 Oster Drive, Waterford, MI 48327?
Per MLS# 20251008330, 5515 Oster Drive, Waterford, MI 48327 is in the Waterford boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Waterford directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20251008330, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5515 Oster Drive, Waterford, MI 48327?
Per public tax records, annual property taxes for this property are $3,958. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 5515 Oster Drive, Waterford, MI 48327 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 5515 Oster Drive, Waterford, MI 48327 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 5515 Oster Drive, Waterford, MI 48327. The maximum advertised download speed is 5.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 5515 Oster Drive, Waterford, MI 48327?
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.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$3,483
Monthly$290
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
$
%
$
$
$
Monthly payment$1,659
Principal & interest$1,362
Property taxes$290
HOA$7
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
9 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5515 Oster Drive, Waterford, MI 48327
View full property history →
Municipality
Waterford Township
View all listings →
County
Oakland County
View county overview →
Get email alerts for new listings near 5515 Oster Drive
We'll notify you when something hits the market in Waterford Township or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.