935 Stratton Drive

About this home

REDUCED AND BACK ON MARKET. 3-story home situated on an island on Sylvan Lake, offering unique waterfront living. The home spans 4,848 square feet and includes: 4 bedrooms and 4 baths, indoor built-in swimming pool, sauna, and hot tub, 3-car tandem garage, painted exterior, spiral staircase. Potential buyers to add their own updates and improvements. It’s noted that taxes are non-homestead, which may impact the tax rate. Also, architectural drawings are available for those interested, and buyers' agents are advised to verify all information.

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 $790,000, or $163 per square foot, 5% below the city median, and has been on the market 260 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 $26,291 a year. A buyer who lives here would pay about $18,306 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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