425 Elm Court

About this home

One of the only newer 2024-built homes available at this price point in Oakland Township, 425 Elm Court offers an opportunity that is becoming increasingly difficult to find in today’s market. This move-in-ready 3-bedroom, 2-bath manufactured home features approximately 1,056 square feet of thoughtfully designed living space with a clean, modern feel throughout. The open-concept layout creates a bright and functional flow between the living room, kitchen, and dining areas, making the home feel comfortable for both everyday living and entertaining. Energy-efficient low-E vinyl windows, central air, modern finishes, and low-maintenance construction help provide both comfort and peace of mind for the next owner. The split-bedroom layout also offers flexibility for guests, hobbies, storage, or a home office setup. Located within the Independence Woods community in desirable Oakland Township and within the highly regarded Lake Orion School District, residents enjoy convenient access to shopping, dining, parks, recreation, and major commuter routes throughout northern Oakland County. Lot rent is approximately $673 per month; buyer to verify all information with the park. All residents must be approved by the community following an accepted offer or during the inspection period. Contact the community office for verification at Independence Woods, (248) 373-0155. Financing for homes located in parks does differ from traditional mortgage programs and typically requires specialized lenders; mobile-home-specific lenders are available to assist qualified buyers with the pre-approval process. If you’re looking for an affordable, practical place to call home with room to make it your own, this is an opportunity you won’t want to miss.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Oakland

Over the last 90 days, 13 homes sold in Oakland for a median of $713,000, about $179 per square foot, and the typical one went under contract in 15 days. This home is listed at $47,500, or $45 per square foot, 75% below the city median, and has been on the market 285 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Oakland sales or ask us for the comparable sales on this one.

Property taxes for a new owner

A buyer who lives here would pay about $745 a year once the taxable value resets after the sale, at the 2025 homestead rate of 31.07 mills for Oakland Twp and Lake Orion 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