4042 Louella Drive

About this home

Nestled on a quiet dead-end street, this Waterford home blends classic Cape Cod character with a warm, functional layout with plenty of flexibility. Wood floors run throughout, complemented by a decorative fireplace, forced-air heating with ductwork in place, and a newer water heater installed in 2022. A standout feature is the spacious first-floor bedroom with direct backyard access, offering the flexibility to also serve as a home office, den, or playroom. Upstairs, you’ll find two additional bedrooms and a full bath, creating a comfortable separation between living and sleeping spaces. Conveniently located near Loon Lake, Waterford Kettering High School, shopping, dining, and everyday amenities. A great opportunity for a first-time buyer looking for character, usable space, and value in Waterford.

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 $189,900, or $154 per square foot, 10% below the city median, and has been on the market 59 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 $1,412 a year. A buyer who lives here would pay about $1,215 to $3,537 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

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