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Sold for $343,000
  • $343,000

    1500 Three Lakes Dr, Troy, MI 48085

    3beds
    1,580sqft
    Single Family Residence
    Built in 1969
    0.43 Acres Lot
    $342,800 Zestimate®
    $217/sqft
    $2,631 Estimated rent

    Home value

    $342,800

    $326,000 - $360,000

    $2,631/mo

    Zestimate® history
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    What's special

    Reimagine this mid-century, 3 bedroom, 1.5 bath, ranch style lakefront home on Pebble Lake, featuring a walkout lower level and beautiful water views. Whether you’re an investor looking for an opportunity to renovate and resell or a buyer ready to transform this property into your dream lakefront home, the house, lot, and location offer tremendous potential. Situated on a huge lot with a horseshoe driveway, two-car attached garage, and walkout lower level, the property offers beautiful views of Pebble Lake and a setting filled with possibilities. New roof installed in 2018 and replacement windows in 2020. Located in the highly desirable Emerald Lakes community and within the award-winning Troy School District. Property is being sold as-is. All buyers must be accompanied by a licensed Realtor, and all showings must be scheduled through ShowingTime. Buyer/Buyer Agent to Verify all Information.

    Zillow last checked:

    Listing updated:

    Listed by:

    Gerald Salerno 248-766-2535,

    @properties Christie's Int'l R.E. Birmingham

    Bought with:

    Peter Saballa, 6501469448

    @properties Christie's Int'l R.E. Birmingham

    Source: Realcomp II,MLS#: 20261069248MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Primary bedroom
    • Level: Entry
    • Area: 140
    • Dimensions: 14 X 10
    Bedroom
    • Level: Entry
    • Area: 110
    • Dimensions: 10 X 11
    Bedroom
    • Level: Entry
    • Area: 180
    • Dimensions: 10 X 18
    Other
    • Level: Entry
    • Area: 70
    • Dimensions: 10 X 7
    Other
    • Level: Entry
    • Area: 20
    • Dimensions: 5 X 4
    Other
    • Level: Entry
    • Area: 98
    • Dimensions: 14 X 7
    Family room
    • Level: Entry
    • Area: 315
    • Dimensions: 15 X 21
    Kitchen
    • Level: Entry
    • Area: 221
    • Dimensions: 17 X 13
    Living room
    • Level: Entry
    • Area: 180
    • Dimensions: 15 X 12
    Heating
    • Forced Air, Natural Gas
    Features
    • Basement: Full,Unfinished,Walk Out Access
    • Has fireplace: Yes
    • Fireplace features: Family Room
    Interior area
    • Total interior livable area: 1,580 sqft
    • Finished area above ground: 1,580

    Property

    Parking
    • Total spaces: 2
    • Parking features: Two Car Garage, Attached, Direct Access
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: GroundLevel
    • Pool features: None
    Lot
    • Size: 0.43 Acres
    • Dimensions: 125 x 150
    Details
    • Parcel number: 2002401002
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Brick
    • Foundation: Basement, Poured, Sump Pump
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1969

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: EMERALD LAKES VILLAGE 5
    HOA
    • Has HOA: Yes
    • HOA fee: $300 annually
    Location
    • Region: Troy

    Financial & listing details

    • Price per square foot: $217/sqft
    • Tax assessed value: $159,100
    • Annual tax amount: $8,254
    • Date on market: 8/28/2026
    • Cumulative days on market: 3 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Exclusions: Exclusion(s) Do Not Exist

    Price history

    DateEventPrice
    9/14/2026Sold$343,000+3.9%$217/sqft
    Source: Realcomp II #20261069248 Report a problem
    9/1/2026Pending sale$330,000$209/sqft
    Source: Realcomp II #20261069248 Report a problem
    8/28/2026Listed for sale$330,000$209/sqft
    Source: Realcomp II #20261069248 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $197,180 +5.5%
    2024-- $186,930 +5.8%
    2023-- $176,620 +8.7%
    2022-- $162,550 +5%
    2021-- $154,840 -0.9%
    2020-- $156,270 -2.9%
    2019-- $160,880 +18.2%
    2015-- $136,100 +6.8%
    2014-- $127,410 -2.7%
    2011-- $130,940
    2010-- $130,940 +3.2%
    2009-- $126,910 -11.1%
    2003-- $142,760 +23.2%
    2002-- $115,880 +18.2%
    2001$3,511 +5.3%$98,040 +3.2%
    2000$3,334 $95,000
    Find assessor info on the county website

    Neighborhood: 48085

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $342,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $342,800