Sold
5375 Cooley Lake Road, 2, Waterford, MI 48327
Sold on 04/15/2026 for$184,000
MLS # 20261008281 (Realcomp)
1 bed1 bath780 sqftBuilt 19660 acres
1 / 9
Listing Description
Enjoy lake views from this 1-bedroom, 1-bath condo overlooking private Elizabeth Lake. The unit includes a deeded boat slip, detached garage, shared basement space, and in-unit laundry. Rare opportunity for lake access in Oakland County for under $200k. Listing broker is related to selling party.
Source: SparkMLS
About this home
Located in Waterford Township in Waterford, this property offers 1-bedroom, 1-bath, 780 sq ft, with original construction dating to 1966.
Closed at $184,000 (about $236/sq ft).
Estimated annual property tax: $2,620, or about $218 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. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms1
Bathrooms1
Living Area780 sqft
Year Built1966
Stories1
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionBrick
Garage1 space
HeatingBaseboard
SewerPublic
Sale & Financing
Listed2/8/2026
Sold Date4/14/2026
Terms AcceptedCash, Conventional
HOA
HOA Fee$300 / Monthly
IncludesLawn/Yard Care, Sewer, Snow Removal, Trash, Water
Source: SparkMLS
Tax Information
Annual Tax$3,311
State Equalized Value$86,170
Taxable Value$84,960
Parcel #1328455018
Source: Public Records
Legal Description
T3N, R9E, SEC 28 OAKLAND COUNTY CONDOMINIUM PLAN NO 11 ELIZABETH LAKESHORE APTS APT 2 L 5482 P 195
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Michael McClafferty
OakPointe Real Estate Advisors
Frequently Asked Questions about 5375 Cooley Lake Road, 2, Waterford, MI 48327
Which school district serves 5375 Cooley Lake Road, 2, Waterford, MI 48327?
Per MLS# 20261008281, 5375 Cooley Lake Road, 2, Waterford, MI 48327 is in the Waterford boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Waterford directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20261008281, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5375 Cooley Lake Road, 2, Waterford, MI 48327?
Per public tax records, annual property taxes for this property are $3,311. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 5375 Cooley Lake Road, 2, 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.
Is 5375 Cooley Lake Road, 2, Waterford, MI 48327 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 5375 Cooley Lake Road, 2, Waterford, MI 48327. The maximum advertised download speed is 5.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 5375 Cooley Lake Road, 2, Waterford, MI 48327?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$2,620
Monthly$218
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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%
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Monthly payment$1,751
Principal & interest$1,232
Property taxes$218
HOA$300
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableGSO SatelliteSatelliteDSLLicensed Fixed Wireless
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5375 Cooley Lake Road, 2, Waterford, MI 48327
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Municipality
Waterford Township
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County
Oakland County
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