272 Preston Ave Avenue
Waterford, MI 48328
Single Family Residence · MLS # 58050226589 · Listing courtesy of RE/MAX First
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.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Waterford
Over the last 90 days, 251 homes sold in Waterford for a median of $268,000, about $172 per square foot, and the typical one went under contract in 12 days. This home is listed at $159,900, or $148 per square foot, 14% below the city median, and has been on the market 6 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Waterford sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $2,009 a year. A buyer who lives here would pay about $1,804 to $2,978 a year once the taxable value resets after the sale, at the 2025 homestead rate of 36.88 mills for Waterford Twp and Waterford schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Waterford
IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Nov 14, 2026, 4:19 PM.