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4039 Lotus Dr, Waterford, MI, 48329

2beds
2baths
2,227sqft
$550,000
$247price/sqft
$3,863/moest. monthly cost
$154,520/yrincome needed

About This Home

Very cute move in ready remodeled ranch on desirable Lotus Lake, walkout finished basement, 3 car garage with ample parking outside, new windows, new siding, new kitchen, new bathroom, new stainless steel appliances and new floors. Livingroom has lots of windows letting in lots of light. Breezeway/entry has sitting area with windows. Natural stone fireplace for those cold winter days. Nice yard with lots of potential.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

6/10
7/10
5/10
Mason Middle SchoolGrades 6-83.0 mi

Construction

Condition

  • Year built: 1928

Materials

  • Foundation: Basement,Block
  • Roof: Asphalt
  • Construction materials: Aluminum Siding

Notable Dates

  • Major remodel year: 1926

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Energy Star Qualified Dishwasher,Energy Star Qualified Refrigerator,Free Standing Gas Range

Basement

  • Has basement: Yes
  • Basement: Finished,Interior Entry,Walk Out Access

Bedroom

  • Level: Entry
  • Area: 126
  • Dimensions: 14 X 9

Bedroom

  • Level: Entry
  • Area: 99
  • Dimensions: 11 X 9

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Fireplace features: Living Room,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 1,076
  • Finished area above ground: 1,151

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Ceiling Fans

Interior Area

  • Total interior livable area: 2,227 sqft

Kitchen

  • Level: Entry
  • Area: 91
  • Dimensions: 13 X 7

Laundry

  • Level: Basement
  • Area: 77
  • Dimensions: 11 X 7

Living Room

  • Level: Entry
  • Area: 360
  • Dimensions: 24 X 15

Other

  • Level: Entry
  • Area: 70
  • Dimensions: 10 X 7

Other

  • Level: Basement
  • Area: 77
  • Dimensions: 11 X 7

Other

  • Level: Entry
  • Area: 70
  • Dimensions: 10 X 7

Property

Details

  • Parcel number: 1305152018
  • Special condition: Short Sale No,Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: GroundLevel
  • Pool features: None
  • On waterfront: Yes
  • Waterfront features: All Sports Lake,Canal Front,Lake Front
  • Waterbody name: Lotus/Maceday

Lot

  • Lot size: 7,840 sqft
  • Features: Water View
  • Lot size dimensions: 43.33 x 180.1

Parking

  • Total spaces: 3
  • Parking features: Three Car Garage,Detached,Electricityin Garage,Garage Faces Side,Workshop In Garage
  • Has garage: Yes
  • Attached garage spaces: 3

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
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Heat Wave
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 $2,781$33,372
Home Insurance *$268$3,216
Property Taxes $572$6,864
Electricity $242$2,914
Total$3,863$46,356
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$132,445/yr
40% on housing$115,890/yr
45% on housing$103,013/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

$247This listing

vs Other Active Listings

Avg $/sqft

ZIP 48329$179
Oakland County$199

vs Homes Sold Last Month

Median $/sqft

ZIP 48329$199
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
2026-08-04Price change$525,000
2026-07-24Listed for sale$550,000
2014-09-16Sold$205,000
2014-06-20Listed for sale$224,000
1997-03-27Sold$147,500

For Sale by Agent

AgentDenise Gelow
BrokerageHomeland, LLC

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