For Sale
75 Preston Avenue, Waterford, MI 48328
$225,000
MLS # 20261046987 (Realcomp)
3 beds2 baths1,653 sqftBuilt 19310.18 acres
1 / 35
Listing Description
This 1930’s bungalow is an investor’s dream or a perfect fixer-upper. It features solid bones, a flexible layout, and beautifully designed original plaster ceilings. Additional original details include a unique arch-design fireplace, a sunroom with access to the backyard, and an attached 2 car garage. With a fenced backyard, a stunning Japanese maple, and a spacious brick patio, this home is full of potential. Recent updates include sewer repair in January 2026, new hot water heater (2026), ductwork cleaning & sanitation (2026), entire home hazmat cleaning and sanitization (2026), as well as basement floors encapsulation (2026). Sellers also have insurance claims filed for a new HVAC system, as well as washer & dryer that they intend to fulfill with property sale. Sold strictly AS-IS.
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 1,653 sq ft home built in 1931 sits in Waterford Township in Waterford.
Currently offered at $225,000 (about $136/sq ft).
Annual property taxes run approximately $3,463 ($289/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.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,653 sqft
Lot Size0.18 acres
Year Built1931
Stories2
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48328
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionAluminum Siding, Brick, Vinyl Siding
Garage2 spaces
HeatingForced Air
WaterPublic
InteriorBasement Plumbed for Bath, Water Softener/Owned
Sale & Financing
Listed6/25/2026
Original Price$239,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,850
State Equalized Value$113,870
Taxable Value$43,650
Parcel #1325327006
Source: Public Records
Legal Description
T3N, R9E, SEC 25 SHEPPARD'S SUB OF LOTS 8 & 9 SUPERVISORS PLAT NO 1 N 1/2 OF LOT 23 & ALL OF LOT 24
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Emily Durbin
Prime + Property
Frequently Asked Questions about 75 Preston Avenue, Waterford, MI 48328
What school district is 75 Preston Avenue, Waterford, MI 48328 in?
Per MLS# 20261046987, 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 75 Preston Avenue, Waterford, MI 48328?
Per MLS# 20261046987, 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# 20261046987, the most recent reported annual property tax for 75 Preston Avenue, Waterford, MI 48328 is $1,850. 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 75 Preston Avenue, Waterford, MI 48328 eligible for USDA financing?
Per USDA Rural Development boundary data, 75 Preston Avenue, Waterford, MI 48328 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 75 Preston Avenue, Waterford, MI 48328 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. 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.
Map
Tax Estimate
$
Annual tax$3,463
Monthly$289
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$1,748
Principal & interest$1,459
Property taxes$289
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
75 Preston Avenue, Waterford, MI 48328
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Municipality
Waterford Township
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County
Oakland County
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