See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

315 Common St, Walled Lake, MI, 48390

1beds
1baths
771sqft
$249,000
$323price/sqft
$1,817/moest. monthly cost
$72,680/yrincome needed

About This Home

Rare Gem: Updated Ground-Level Home with Massive 2.5-Car Climate-Controlled Garage and Walk to Walled Lake Beach! Welcome to the ultimate high-utility, low-maintenance property! Priced at an unbeatable $225,000, this unique Walled Lake home offers a perfect lock-and-leave lifestyle for seasonal travelers, an accessible single-level retreat, or a private alternative to crowded student apartments. Many Recent Major Upgrades (All Within Last 5 Years): Rest easy knowing the big-ticket maintenance items and premium details are already done for you: * Exterior & Structural: Brand new roof, newly poured driveway and patio, fresh exterior paint, and secure new front/back entry doors on both the house and garage. * Premium Finishes: Stunning new granite countertops in the kitchen, plus windows and doors featuring built-in, maintenance-free blinds between the glass. * Interior Comfort: Brand new flooring installed throughout, plus modern matching ceiling fans in every single room for perfect airflow and style. * Modernized Kitchen: Newly installed kitchen cabinets, brand-new stove, and new dishwasher (Refrigerator is also included!). * Updated Bathroom: New custom shower featuring a new sink and new bathroom cabinet, and new tiled shower with built in shower seat. * Laundry Upgrade: New space-saving stacked washer and dryer set included in the sale. The House: Accessible, Efficient Cottage Living Enjoy effortless, single-level living. This ground-level layout features absolutely zero stairs, offering enhanced daily accessibility and mobility. The cozy 1-bedroom retreat includes a spacious walk-in closet and an inviting living room centered around a wood-burning fireplace. In the heart of the home, the modernized kitchen features high-end granite countertops and a highly convenient, stacked laundry closet—giving you main-floor laundry access. From the kitchen, elegant French doors open directly to your private, fully fenced backyard and patio with a fire pit. The yard is a dog-lover's paradise, featuring a high, secure privacy fence built to keep even large dogs completely safe and contained. Enjoy a great outdoor space without the hassle of heavy yard maintenance. The Garage: A Tradesman & Car Enthusiast’s Dream The crown jewel of this property is the oversized, 2.5-car detached garage. Fully heated and cooled, this pristine climate-controlled space provides secure, year-round storage and utility for: * Luxury cars, watercraft, and recreational toys. * A premium contractor workshop or trade equipment storage. * Secure winter storage for seasonal snowbirds locking up their summer toys. The Location: Lakeside Living & University Access Nestled in a prime, central hub just steps from Walled Lake beaches, local dining, and scenic trails. Commuters and students will love the immediate expressway access to Metro Detroit, Ann Arbor, and Lansing. Seamlessly commute to local Oakland Community College campuses, Schoolcraft, Lawrence Tech, or U of M. Students may also attend the highly respected Walled Lake Consolidated School District. Schedule your private tour today to experience this turnkey, one-of-a-kind property!

Getting Around

69
WalkingSomewhat Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

9/10
8/10
6/10

Construction

Condition

  • Year built: 1941

Materials

  • Foundation: Crawl/Raised
  • Roof: Asphalt
  • Construction materials: Wood

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Freezer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Linoleum / Vinyl
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced air,Gas
  • Cooling features: Central

Interior Area

  • Total interior livable area: 771 sqft

Property

Details

  • Parcel number: 1734254010

Features

  • Exterior features: Brick
  • Has view: Yes
  • View description: Park,City

Lot

  • Lot size: 5,009 sqft

Parking

  • Total spaces: 4
  • Parking features: Garage - Detached,Off-street,On-street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Heat Wave
Ice Storm
Strong Wind

FEMA Declared Disasters in Oakland County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,259$15,108
Home Insurance *$111$1,332
Property Taxes $259$3,108
Electricity $188$2,259
Total$1,817$21,804
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$62,297/yr
40% on housing$54,510/yr
45% on housing$48,453/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.2%
14.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.0%
0.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$323This listing

vs Other Active Listings

Avg $/sqft

ZIP 48390$184
Oakland County$199

vs Homes Sold Last Month

Median $/sqft

ZIP 48390$174
Oakland County$192

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-10Price change$225,000
2026-08-02Listed for sale$249,000
2021-07-28Sold$115,000
2021-06-26Pending sale$144,900
2021-05-12Price change$144,900
2021-04-16Listed for sale$149,900
2010-10-21Sold$28,000
2010-07-27Price change$29,600
2010-06-30Price change$33,300
2010-05-25Listed for sale$37,000
2008-08-12Sold$127,007
2001-09-13Sold$125,000

For Sale by Owner

AgentProperty Owner

Similar Homes