Sold
4960 Cooley Lake Road, Waterford, MI 48327
Sold on 05/20/2026 for$419,000
MLS # 20261017618 (Realcomp)
3 beds2 baths1,909 sqftBuilt 19550.59 acres
1 / 33
Listing Description
Welcome to your lakefront retreat on all-sports Elizabeth Lake! With breathtaking views, updates galore, and plenty of space for entertaining both indoors and out, this one is a must-see. This beautifully maintained and updated home offers panoramic lake views from multiple vantage points, filling the interior with natural light and year-round beauty. Whether you're enjoying the sunrise with your morning coffee or hosting sunset gatherings at your large parcel right on the lake, this setting can't be beat. Inside, you'll find numerous updates that blend comfort and modern appeal, such as new flooring, updated bathrooms, a refreshed kitchen, and even a tankless water heater. Outside, along with the gorgeous lake frontage, you'll appreciate the new roof, siding, insulation, and newly built garage - a standout feature offering a spacious 2-car layout with dedicated workshop space, 100-amp electrical service, and a reinforced foundation designed for a future car lift - ideal for car enthusiasts, hobbyists, or those seeking a versatile, high-functioning workspace. Above the garage, an incredible bonus area provides even more flexibility for storage, recreation, or future finishing potential. If you've been waiting for a move-in-ready lakefront home, this Elizabeth Lake gem is ready to impress! Note: The lakefront lot Parcel ID #1328437026 & #1328437026; across the street is included in this sale. Be sure to explore this added opportunity!
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 1,909 sq ft home built in 1955 sits in Waterford Township in Waterford.
Closed at $419,000 (about $219/sq ft).
Estimated annual property tax: $386, or about $32 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,909 sqft
Lot Size0.59 acres
Year Built1955
Stories2
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed3/18/2026
Sold Date5/19/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$5,201
State Equalized Value$12,700
Taxable Value$4,330
Parcel #1328437026
Source: Public Records
Legal Description
T3N, R9E, SEC 28 SUPERVISOR'S REPLAT OF ELIZABETH-DALE LOT 174 & T3N, R9E, SEC 28 SUPERVISOR'S REPLAT OF ELIZABETH-DALE LOT 174
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Renee D DeKroub
RE/MAX Platinum
Frequently Asked Questions about 4960 Cooley Lake Road, Waterford, MI 48327
What school district is 4960 Cooley Lake Road, Waterford, MI 48327 in?
Per MLS# 20261017618, this property is served by Waterford. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20261017618, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261017618, the most recent reported annual property tax for 4960 Cooley Lake Road, Waterford, MI 48327 is $5,201. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 4960 Cooley Lake Road, Waterford, MI 48327 eligible for USDA financing?
Per USDA Rural Development boundary data, 4960 Cooley Lake Road, Waterford, MI 48327 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 4960 Cooley Lake Road, Waterford, MI 48327 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Oakland County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$386
Monthly$32
Millage rate30.4079 mills
Municipality: CHARTER TOWNSHIP OF WATERFORD
School district: PONTIAC CITY SCHOOL DISTRICT
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$2,750
Principal & interest$2,718
Property taxes$32
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
4960 Cooley Lake Road, Waterford, MI 48327
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Municipality
Waterford Township
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County
Oakland County
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