Don't miss your chance to enjoy affordable lake living! This delightful 1105 sq.ft. home with 2 bed (with a flex room that could be a bedroom), 1.5 bath ranch is perfect for first-time buyers or those looking to downsize or maybe even a second home. Located in a quiet neighborhood, the home features a spacious detached 2-car garage, large yard, and shed for additional storage. A nice-sized porch in the front is perfect for slow mornings, and a covered deck in the back, great for gatherings. Three seasons room at the back of house creates extra porch space, storage, or flex room potential. The half bath doubles as laundry room with a washer and dryer, plus utility sink. Wood burning fireplace with beautiful brick mantel is the focal point of the dining room. With some TLC, you can turn this ranch into a homey getaway! Enjoy exclusive access to Crescent Lake, a beautiful all-sports lake with an optional annual association fee of just $85. The private lake amenities include a park, beach, bathrooms, and boat launch, all just a short walk from your front door. Recent updates include a 5-year-old roof, 2-year-old furnace, and a hot water heater less than a year old—giving you peace of mind and added value. Custom made soiled wood cabinets. Windows and ac updated 8 years ago. Schedule your showing today and experience the best of lake life living!
Sold for $215,000
$215,000
5515 Oster Dr, Waterford, MI 48327
2beds
1,105sqft
Single Family Residence
Built in 1957
0.27 Acres Lot
$220,400 Zestimate®
$195/sqft
$1,893 Estimated rent
Home value
$220,400
$207,000 - $236,000
$1,893/mo
Zestimate® history
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$1,893/mo
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$1,575/mo
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Zillow last checked:
Listing updated:
Listed by:
Peggy L Collins 248-787-5192,
KW Showcase Realty
Bought with:
Peggy L Collins, 6501365320
KW Showcase Realty
Source: Realcomp II,MLS#: 20251008330
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Level: Entry
- Area: 168
- Dimensions: 14 X 12
Bedroom
- Level: Entry
- Area: 100
- Dimensions: 10 X 10
Other
- Level: Entry
- Area: 56
- Dimensions: 7 X 8
Other
- Level: Entry
- Area: 35
- Dimensions: 5 X 7
Dining room
- Level: Entry
- Area: 176
- Dimensions: 16 X 11
Flex room
- Level: Entry
- Area: 88
- Dimensions: 11 X 8
Kitchen
- Level: Entry
- Area: 112
- Dimensions: 14 X 8
Living room
- Level: Entry
- Area: 216
- Dimensions: 18 X 12
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Free Standing Gas Range, Free Standing Refrigerator, Microwave, Washer
Features
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Dining Room, Wood Burning
Interior area
- Total interior livable area: 1,105 sqft
- Finished area above ground: 1,105
Property
Parking
- Total spaces: 2
- Parking features: Two Car Garage, Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: GroundLevel
- Patio & porch: Deck, Porch
- Pool features: None
- Waterfront features: All Sports Lake, Lake Privileges
- Body of water: Crescent Lake
Lot
- Size: 0.27 Acres
- Dimensions: 50 x 126.24
Details
- Parcel number: 1328128036
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1957
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: CRESCENT LAKE ESTATES
HOA
- Has HOA: Yes
- HOA fee: $85 annually
Location
- Region: Waterford
Financial & listing details
- Price per square foot: $195/sqft
- Tax assessed value: $85,270
- Annual tax amount: $3,958
- Date on market: 6/22/2025
- Cumulative days on market: 7 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2025 | Sold | $215,000+2.4%$195/sqft |
Source:  Realcomp II #20251008330 Report a problem | ||
| 6/23/2025 | Pending sale | $210,000$190/sqft |
Source: Realcomp II #20251008330 Report a problem | ||
| 6/22/2025 | Listed for sale | $210,000+90.9%$190/sqft |
Source: Realcomp II #20251008330 Report a problem | ||
| 9/24/2018 | Sold | $110,000+214.3%$100/sqft |
Source: Public Record Report a problem | ||
| 1/25/2011 | Sold | $35,000+6.4%$32/sqft |
Source:  MiRealSource #31025404 Report a problem | ||
| 11/28/2010 | Price change | $32,900-23.3%$30/sqft |
Source: THE PARROTT TEAM, LLC #210111513 Report a problem | ||
| 10/29/2010 | Price change | $42,900-20.4%$39/sqft |
Source: THE PARROTT TEAM, LLC #210111513 Report a problem | ||
| 9/26/2010 | Listed for sale | $53,900-60.1%$49/sqft |
Source: The Parrott Team LLC #210111513 Report a problem | ||
| 8/17/2010 | Sold | $135,131+17.5%$122/sqft |
Source: Public Record Report a problem | ||
| 9/1/1999 | Sold | $115,000+32.9%$104/sqft |
Source: Public Record Report a problem | ||
| 2/9/1996 | Sold | $86,500$78/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,958 +6.9% | $114,530 +4.3% |
| 2024 | $3,703 +11.8% | $109,810 +13.8% |
| 2023 | $3,312 +25.3% | $96,480 +16.5% |
| 2022 | $2,643 -10.3% | $82,850 +4.8% |
| 2021 | $2,947 | $79,060 +0.4% |
| 2020 | -- | $78,720 +8.6% |
| 2019 | $2,601 +90.7% | $72,480 +21.7% |
| 2018 | $1,364 | $59,550 |
| 2017 | -- | $59,550 +10.7% |
| 2016 | -- | $53,780 +17.1% |
| 2015 | -- | $45,940 +10.3% |
| 2014 | -- | $41,650 +1.5% |
| 2011 | -- | $41,020 -14.3% |
| 2010 | $1,523 -24.3% | $47,870 -29.4% |
| 2009 | $2,011 +85.4% | $67,790 -53.9% |
| 2005 | $1,085 | $146,990 +88.5% |
| 2003 | -- | $77,990 +21.3% |
| 2002 | -- | $64,280 +4% |
| 2001 | $1,962 +23.6% | $61,810 +5.7% |
| 2000 | $1,587 | $58,470 |
Find assessor info on the county website
Neighborhood: 48327
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Nearby schools
GreatSchools rating
- 4/10Knudsen Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Pierce Middle SchoolGrades: 6-8Distance: 2.2 mi
- 5/10Waterford Mott High SchoolGrades: 9-12Distance: 2.5 mi
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Estimated market value
$220,400
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
$220,400
- Michigan
- Oakland County
- Waterford
- 48327
- 5515 Oster Dr
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