474 River Ridge Drive
Waterford, MI 48327
Single Family Residence · MLS # 20261090420 · Listing courtesy of Five Star Real Estate-Commerce
About this home
Enjoy a little Up North feel right in Waterford Township. Tucked away on a quiet, tree-lined cul-de-sac in Elizabeth Lake Woods II, this charming 3-bedroom colonial sits on one of the largest lots in the subdivision. The brick paver patio overlooks a spacious backyard with a wooded backdrop, a lovely spot for morning coffee or dinner outside. Built in 1993, the home has been lovingly maintained and features fresh interior paint and newer luxury vinyl plank flooring in the living and dining rooms. Updates include exterior paint and replacement of trim (2025), furnace (2020), roof (2012), replacement of most windows, and attic completely insulated 11/2026. The garage has been finished with upgraded insulation, lighting, and poly-aspartic floor coating. The home also has a water softener, carbon filter, and reverse osmosis system. Enjoy the quiet setting with lakes, parks, shopping, and restaurants nearby. BATVAI.
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 $379,000, or $180 per square foot, 5% above the city median, and has been on the market 3 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 $5,773 a year. A buyer who lives here would pay about $5,615 to $7,059 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 and HOA when listed. Ask us for a lender quote.
Location
Similar homes in Waterford
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