$240,000
SOLD MAY 22, 2025

240 N Cass Lake Rd Waterford, MI 48328

Waterford Township Neighborhood
4 Beds
2 Baths
1,386 Sq Ft
1.13 Acres

Recently Sold

$173 Per Sq Ft

20% Below List Price

28 Days on Market

About This Home

As of May 2025

First time offered, family home for many years. Residential home turned into duplex. 2 bedrooms 1 bath in main level and upper level. Upper level is currently a craft area for a family member. Main level is occupied by family member but will be moving out. Perfect for investor to locate new tenants for maximum rental rates. 2 car detached garage on over 1 acre. Utilities are not separate. Furnace and hot water heater located in unfinished basement.

Last Agent to Sell the Property

Michael Ostrander

MAO Realty Advisors License #6504230443 Listed on: 03/12/2025

Last Buyer's Agent

Robert Seggie

Keller Williams Paint Creek License #6501407793

Keller Williams Paint Creek

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,223

Year Built

1930

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 1.00
  • Year Built: 1930
  • State Equalized Value: 85640.0000
  • Pets Allowed: Breed Restrictions
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Circuit Breakers
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1386
  • Total Sq Ft: 1386
  • Sq Ft Total Bsmt: 924

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Frontage Feet: 117
  • Road Frontage Type: Paved
  • Sideof Street: E

Garage/Parking

  • Garage: Yes
  • MF Parking: Garage
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Community

Schools

  • School District: Waterford

Lot Info

  • Lot Size Area: 1.13
  • Lot Dimensions: 117.50 x 424
  • Parcel Number: 1326201013
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 2500

Tax Info

  • Tax Amount Summer: 3223.0000
  • Tax Amount Winter: 1156.0000
  • Total Tax: 4379.0000
  • Taxable Value: 81920.0000

Multi Family

  • Gross Scheduled Income: 30000.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Waterford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2025
Closed on
May 22, 2025
Sold by
Robak Michael
Bought by
Matta Jason
Seller's Agent
Michael Ostrander
MAO Realty Advisors
Buyer's Agent
Robert Seggie
Keller Williams Paint Creek
List Price
$275,900
Sold Price
$240,000
Premium/Discount to List
-$35,900
-13.01%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
89.44%

Purchase Details

Closed on
Aug 11, 2020
Sold by
Robak Andrew
Bought by
Robak Michael J

Purchase Details

Closed on
Nov 17, 2010
Sold by
Robak Jerome
Bought by
Robak Andrew and Robak Jerome
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $240,000 Sterling Title Agency
Warranty Deed $240,000 Sterling Title Agency
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 Sold $240,000 0.0% $173 / Sq Ft
05/22/2025 05/22/25 Sold $240,000 -13.0% $173 / Sq Ft
04/09/2025 04/09/25 Pending -- -- --
04/09/2025 04/09/25 Pending -- -- --
04/08/2025 04/08/25 For Sale $275,900 0.0% $199 / Sq Ft
03/17/2025 03/17/25 Price Changed $275,900 -8.0% $199 / Sq Ft
03/12/2025 03/12/25 For Sale $299,900 -- $216 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,223 $85,640 $0 $0
2023 $3,041 $82,800 $0 $0
2022 $3,993 $74,510 $0 $0
2021 $4,016 $71,940 $0 $0
2020 $806 $65,280 $0 $0
2019 $1,310 $51,800 $0 $0
2018 $1,299 $63,220 $0 $0
2017 $1,195 $63,220 $0 $0
2016 $1,202 $52,130 $0 $0
2015 -- $42,350 $0 $0
2014 -- $37,240 $0 $0
2011 -- $34,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Michael Ostrander

    MAO Realty Advisors

  • R

    Buyer's Agent in 2025

    Robert Seggie

    Keller Williams Paint Creek

See All Agents

Map

Source: Realcomp

MLS Number: 20250016327

Realcomp

APN: 13-26-201-013

Michigan Oakland County Waterford 48328 Waterford Township

240 N Cass Lake Rd, Waterford, MI

This home is located at 240 N Cass Lake Rd, Waterford, MI 48328 and is currently priced at $240,000, approximately $173 per square foot. This property was built in 1930. 240 N Cass Lake Rd is a home located in Oakland County with nearby schools including Riverside Elementary School, Mason Middle School, and Waterford Mott High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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