Sold
930 VILLAGE GREEN Lane, Waterford, MI 48328
Sold on 07/11/2025 for$25,250,000
MLS # 20250037619 (Realcomp)
Built 197424.99 acres
1 / 24
Listing Description
Stalking Horse Auction Sale By Court Appointed Receiver - Auction Date: June 20, 2025 at 1:00 PM. Waterford Square is a 406-Unit multifamily community located in one of a prime geographic area within Oakland County, Michigan. Originally constructed in 1973 and rejuvenated in 2012, the property is comprised of thirteen (13) residential buildings, offering a balanced mix of one- and two-bedroom floor plans. Waterford Square is currently 71.67% physically occupied and 80% leased. Nearly $500,000 has been invested or is scheduled to be expended on property improvements since the start of the receivership. The Property received substantial upgrades in the 4th quarter of 2024 and 2025 year-to-date, including five (5) hot water tank or boiler replacements, dozens of units brought to occupancy ready condition, several trees removed and other renovations/improvements. Ideally located in the Township of Waterford, the property is situated near robust job centers all throughout southeastern Michigan. Additionally, the property is near a wide variety of recreational, educational, and retail destinations. Onsite amenities include a swimming pool, fitness center, a spa, and a volleyball court. Bidding requirements can be provided upon request. The property will be sold “as is”. Please refer to the enclosed Bidding Requirements and Auction Rules.
Source: SparkMLS
About this home
This 99-bath home built in 1974 sits in Waterford Township in Waterford.
Closed at $25,250,000.
Property tax estimate: $421,265 per year ($35,105/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.
Listing Property Details
Property TypeMulti Family
Bathrooms99
Lot Size24.99 acres
Year Built1974
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48328
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementSlab
HeatingForced Air
WaterPublic
Sale & Financing
Listed5/26/2025
Sold Date7/10/2025
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$724,411
State Equalized Value$13,853,800
Taxable Value$8,826,030
Parcel #1323401007
Source: Public Records
Legal Description
T3N, R9E, SEC 23 PART OF SE 1/4 BEG AT PT DIST S 89-46-00 E 754.84 FT & S 00-00-20 E 60 FT FROM CEN OF SEC, TH S 89-46-00 E 566.17 FT, TH S 00-10-06 E 1130.56 FT, TH N 89-16-11 W 1264.32 FT, TH N 00-00-20 W 396.58 FT, TH S 89-46-00 E 343 FT, TH N 00-00-20 W 523 FT, TH S 89-46-00 E 351.84 FT, TH N 00-00-20 W 200 FT TO BEG 25.30 A 5-16-88 FR 005 10-14-14 CORR
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by James M Galbraith
James M Galbraith
Frequently Asked Questions about 930 VILLAGE GREEN Lane, Waterford, MI 48328
Which school district serves 930 VILLAGE GREEN Lane, Waterford, MI 48328?
Per MLS# 20250037619, 930 VILLAGE GREEN Lane, Waterford, MI 48328 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.
Can I use FHA or VA financing for this property?
Per MLS# 20250037619, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 930 VILLAGE GREEN Lane, Waterford, MI 48328?
Per public tax records, annual property taxes for this property are $724,411. 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, 930 VILLAGE GREEN Lane, 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.
Is 930 VILLAGE GREEN Lane, Waterford, MI 48328 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 930 VILLAGE GREEN Lane, Waterford, MI 48328. 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 930 VILLAGE GREEN Lane, Waterford, MI 48328?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. 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$421,265
Monthly$35,105
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$200,498
Principal & interest$165,393
Property taxes$35,105
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
930 VILLAGE GREEN Lane, Waterford, MI 48328
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Municipality
Waterford Township
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County
Oakland County
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