272 Preston Ave AVE, Waterford Township, MI 48328
Est. $1,343/mo with current taxes · · See the breakdown
About this home
Opportunity knocks! This 3-bedroom, 1-bath ranch offers an open-concept layout, full basement, and an oversized detached 2-car garage added in 2002. Situated in an established, quiet neighborhood within Waterford Schools, this property is full of potential for investors, rehabbers, or DIY buyers ready to bring their vision to life. Additional features include a partially fenced yard, a new front deck installed in 2024, a new hot water heater in 2011, and a new roof in 2002. Conveniently located with easy access to M-59 and I-75, as well as nearby shopping, dining, and other amenities. The home needs repairs and updates, presenting an opportunity to renovate, personalize, and add value. Whether you're looking for your next investment project or a property to make your own, the possibilities are here! Property is being sold strictly AS-IS. Seller will make no repairs and will not perform any cleanout. Price reflects the property's condition. Buyer and buyer's agent to verify all information, measurements, and property condition. Seller will not consider offers from purchasers who have not viewed the property in person. All measurements are estimated, and information is deemed reliable but not guaranteed.
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 34.36 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $159,900 |
| Beds | 3 |
| Baths | 1 full |
| Square feet | 1,077 |
| Type | Single family residence |
| Subdivision | SUPRVRS 26 - WATERFORD TOWNSHIP |
| County | Oakland |
| MLS # | 58050226589 |
| Listed | 2026-11-02 |
| Days on market | 0 |
| Year built | 1973 |
| Possession | At closing |
| Stories | 1 story |
| Basement | Concrete, Sump pump |
| Heating | Forced air, Natural gas |
| Foundation | Basement |
| Garage spaces | 2.0 |
| Water / Sewer | City water & sewer |
| Parcel number | 1325376032 |
| Listing office | RE/MAX First |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $48,430 | about $79,950 |
| Yearly property tax | $2,009 | about $2,747 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $738 a year more than this seller pays. The assessor's state equalized value (SEV) is $100,670. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Waterford Township's 2025 homestead rate of 34.36 mills and assumes you claim the homestead exemption. See Waterford Township's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and MiRealSource, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-02T23:11+00:00; refreshed at least twice daily.