Sold
5481 Hanley, Waterford, MI 48327
Sold on 10/02/2025 for$250,000
MLS # 20251029557 (Realcomp)
4 beds2 baths1,481 sqftBuilt 19550.28 acres
1 / 36
Listing Description
Beautifully updated 4 bedroom, 2 bath Waterford ranch with walkout lower level offers space, privacy, and lake privileges to peaceful Crescent Lake! Home is situated on a large, gently sloping lot at the end of a quiet dead-end street, with a fully fenced backyard. Inside, you’ll find a stunning remodeled kitchen and bathroom on the main floor, complemented by gorgeous hardwood floors throughout. A screened-in porch provides the perfect spot to relax while overlooking backyard. 3 spacious bedrooms complete the traditional layout! The walkout lower level is semi-finished and features an additional 4th bedroom and 2nd full bath, and an enormous family/rec room, offering flexible space. Oversized 2.5 car garage with workshop area perfect for toys and hobbies! With spacious indoor and outdoor living areas, this home is ideal for both everyday living and entertaining. Enjoy the lakes area lifestyle where you are surrounded by lakes, parks, and green spaces, while still being close to everything you need! This one checks all the boxes, make your appointment today!
Source: SparkMLS
About this home
Located in Waterford Township in Waterford, this property offers 4-bedroom, 2-bath, 1,481 sq ft, with original construction dating to 1955.
Final sale price: $250,000 (about $169/sq ft).
Property tax estimate: $2,629 per year ($219/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Fiber internet is available at this address with download speeds up to 5,000 Mbps across 9 providers. Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms2
Living Area1,481 sqft
Lot Size0.28 acres
Year Built1955
Stories1
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionWood Siding
BasementWalk-Out Access, Partial
Garage2.5 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Partially Finished, Water Softener/Owned
Sale & Financing
Listed8/21/2025
Sold Date10/1/2025
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$1,660
State Equalized Value$86,450
Taxable Value$46,960
Parcel #1321453002
Source: Public Records
Legal Description
T3N, R9E, SEC 21 CRESCENT LAKE COUNTRY CLUB SUB LOTS 11 & 12, ALSO E 20 FT OF LOT 13 BLK 14
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jillian L Muldoon
Real Estate For A CAUSE
Frequently Asked Questions about 5481 Hanley, Waterford, MI 48327
What school district is 5481 Hanley, Waterford, MI 48327 in?
Per MLS# 20251029557, this property is served by Waterford. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20251029557, 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# 20251029557, the most recent reported annual property tax for 5481 Hanley, Waterford, MI 48327 is $1,660. 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 5481 Hanley, Waterford, MI 48327 eligible for USDA financing?
Per USDA Rural Development boundary data, 5481 Hanley, 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, 5481 Hanley, 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.
Is fiber internet available at 5481 Hanley, Waterford, MI 48327?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 5.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
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.
Map
Tax Estimate
$
Annual tax$2,629
Monthly$219
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$1,841
Principal & interest$1,621
Property taxes$219
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
9 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
5481 Hanley, Waterford, MI 48327
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Municipality
Waterford Township
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County
Oakland County
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