2853 Peerless Avenue
Waterford, MI 48328
Single Family Residence · MLS # 20261087575 · Listing courtesy of Real Estate One
About this home
Tired of renting??? Let this charming Waterford 'tiny home' put you on your path to home ownership with plenty of room to expand! Don't miss this opportunity to own a cozy 1-bedroom, 1-bath ranch situated on a spacious double lot! Offering efficient living space, this home is perfect for those looking to simplify, downsize, or add to their investment portfolio. All appliances are included, making for an easy transition. Brand new washer/dryer. The generous double lot provides additional outdoor space for gardening, entertaining, or to add an addition. A convenient carport offers covered parking, while the storage shed provides extra storage. Whether you're a first-time buyer, investor, or someone seeking low-maintenance living, this Waterford property offers plenty of potential. Small home, big possibilities!
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 $119,000, or $316 per square foot, 84% above the city median, and has been on the market 13 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 $3,105 a year. A buyer who lives here would pay about $1,558 to $2,216 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, 4:29 PM.