A rare chance to bring new life to a classic bungalow on 3 spacious lots, just steps from beautiful Loon Lake. Enjoy easy access to the boat launch two doors down or relaxing evenings by the canal across the street. With attic space and plenty of room to expand, this property offers endless possibilities—whether you restore its charm or design a brand-new retreat.
Unique to this property, one of the three lots may be eligible for subdivision, offering additional development potential for investors or buyers seeking extra space (buyer to verify feasibility; seller will not subdivide). Opportunities like this don’t come often, and the memories waiting to be made here will last a lifetime. FHA offers may require an fha(k) or comparable rehab loan. *Showings will be only after an offer has been accepted.* Sale fell through because of buyer's issues, that's why it's back on the market.
Sold for $135,000
$135,000
2903 Elba Ave, Waterford, MI 48329
2beds
1,160sqft
Single Family Residence
Built in 1924
0.27 Acres Lot
$138,300 Zestimate®
$116/sqft
$1,753 Estimated rent
Home value
$138,300
$131,000 - $145,000
$1,753/mo
Zestimate® history
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List your homeWhat's special
Attic spaceClassic bungalow
Zillow last checked:
Listing updated:
Listed by:
Katie Brown 248-760-7427,
HomeSmart LLC
Bought with:
Karen Marcinak, 6501240373
Real Estate One-Troy
Source: Realcomp II,MLS#: 20251036861
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Entry
- Area: 150
- Dimensions: 15 X 10
Bedroom
- Level: Entry
- Area: 90
- Dimensions: 10 X 9
Other
- Level: Entry
- Area: 40
- Dimensions: 8 X 5
Bonus room
- Level: Second
- Area: 144
- Dimensions: 16 X 9
Bonus room
- Level: Second
- Area: 150
- Dimensions: 15 X 10
Family room
- Level: Entry
- Area: 156
- Dimensions: 12 X 13
Kitchen
- Level: Entry
- Area: 209
- Dimensions: 11 X 19
Sitting room
- Level: Entry
- Area: 200
- Dimensions: 20 X 10
Heating
- Forced Air, Natural Gas
Cooling
- Ceiling Fans
Appliances
- Included: Dishwasher, Free Standing Electric Range, Free Standing Refrigerator
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Basement: Unfinished
- Has fireplace: Yes
- Fireplace features: Family Room
Interior area
- Total interior livable area: 1,160 sqft
- Finished area above ground: 1,160
Property
Parking
- Total spaces: 2
- Parking features: Two Car Garage, Detached, Driveway, Electricityin Garage, Workshop In Garage
- Garage spaces: 2
Features
- Levels: One And One Half
- Stories: 1.5
- Entry location: GroundLevelwSteps
- Pool features: None
- Fencing: Back Yard,Front Yard
- Waterfront features: All Sports Lake, Boat Facilities, Canal Access, Lake Privileges
- Body of water: Loon Lake
Lot
- Size: 0.27 Acres
- Dimensions: 120 x 100
- Features: Corner Lot
Details
- Additional structures: Sheds
- Parcel number: 1310431009
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Cedar
- Foundation: Basement, Block, Sump Pump
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
- Utilities for property: Above Ground Utilities
Community & HOA
Community
- Subdivision: LOON LAKENO 2
HOA
- Has HOA: No
Location
- Region: Waterford
Financial & listing details
- Price per square foot: $116/sqft
- Tax assessed value: $42,140
- Annual tax amount: $1,857
- Date on market: 9/16/2025
- Cumulative days on market: 114 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,FHA 203K
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Sold | $135,000-2.2%$116/sqft |
Source:  Realcomp II #20251036861 Report a problem | ||
| 1/17/2026 | Pending sale | $138,000$119/sqft |
Source: Realcomp II #20251036861 Report a problem | ||
| 12/24/2025 | Price change | $138,000-13.8%$119/sqft |
Source: Realcomp II #20251036861 Report a problem | ||
| 11/21/2025 | Price change | $160,000-3%$138/sqft |
Source: Realcomp II #20251036861 Report a problem | ||
| 10/3/2025 | Price change | $165,000-5.7%$142/sqft |
Source: Realcomp II #20251036861 Report a problem | ||
| 9/16/2025 | Listed for sale | $175,000+133.3%$151/sqft |
Source: Realcomp II #20251036861 Report a problem | ||
| 12/11/1997 | Sold | $75,000$65/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,472 +35.3% | $69,650 +3.2% |
| 2024 | $1,088 +5.1% | $67,510 +7.6% |
| 2023 | $1,035 +5.7% | $62,770 +15.2% |
| 2022 | $979 +0.4% | $54,470 +6.3% |
| 2021 | $976 | $51,240 +1.7% |
| 2020 | -- | $50,360 +11.4% |
| 2019 | $964 -27.8% | $45,210 +16% |
| 2018 | $1,336 | $38,970 |
| 2017 | -- | $38,970 +6.9% |
| 2016 | -- | $36,450 +16.1% |
| 2015 | -- | $31,400 +21.6% |
| 2014 | -- | $25,820 +3.9% |
| 2011 | -- | $24,860 -18.3% |
| 2010 | $968 -15.6% | $30,440 -21.3% |
| 2009 | $1,147 +109.6% | $38,660 -52% |
| 2005 | $547 | $80,500 +74.4% |
| 2003 | -- | $46,170 +8.7% |
| 2002 | -- | $42,490 +36.2% |
| 2001 | $889 -33.5% | $31,190 +3.2% |
| 2000 | $1,337 | $30,230 |
Find assessor info on the county website
Neighborhood: 48329
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Nearby schools
GreatSchools rating
- 6/10Schoolcraft Elementary SchoolGrades: PK-5Distance: 2.4 mi
- 5/10Mason Middle SchoolGrades: 6-8Distance: 0.6 mi
- 7/10Waterford Kettering High SchoolGrades: 7-12Distance: 1.2 mi
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Estimated market value
$138,300
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$138,300
- Michigan
- Oakland County
- Waterford
- 48329
- 2903 Elba Ave
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