Sold
7040 Banks, Waterford, MI 48327
Sold on 09/10/2025 for$250,000
MLS # 20251006808 (Realcomp)
4 beds2 baths1,663 sqftBuilt 19720.57 acres
1 / 14
Listing Description
On over a half acre lot in the heart of Waterford you will find this 4 bedroom 2 bath home with full basement and an attached garage. Large living room with big window for natural light. The formal dining room is open to the living room perfect for entertaining. Kitchen has a large pantry and is open to the breakfast area. The spacious family room has a natural fireplace and a door wall to the deck. Full basement can be finished off for more entertaining space. The pool table which stays with the home already is there for motivation. Attached garage has 220amp electrical service. Outside you will find a huge backyard with a large deck and a gazebo. The big shed can house your lawn equipment. Room for everything in the backyard including a pool and large gardens. Home is located close to shopping, restaurants and schools. Sold as is subject to probate court approval.
Source: SparkMLS
About this home
4-bedroom, 2-bath, 1,663 sq ft home in Waterford Township in Waterford built in 1972.
Final sale price: $250,000 (about $150/sq ft).
Annual property taxes run approximately $4,309 ($359/month). 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 SubtypeSingle Family Residence
Bedrooms4
Bathrooms2
Living Area1,663 sqft
Lot Size0.57 acres
Year Built1972
Stories2
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionVinyl Siding
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed6/9/2025
Sold Date9/9/2025
Original Price$287,900
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$3,804
State Equalized Value$141,710
Taxable Value$107,610
Parcel #1330226037
Source: Public Records
Legal Description
T3N, R9E, SEC 30 SUPERVISOR'S PLAT NO 45 E 100 FT OF LOT 7
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Debra A Skonieczny
New Door Realty
Frequently Asked Questions about 7040 Banks, Waterford, MI 48327
Which school district serves 7040 Banks, Waterford, MI 48327?
Per MLS# 20251006808, 7040 Banks, 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.
What financing options are available for 7040 Banks, Waterford, MI 48327?
Per MLS# 20251006808, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 7040 Banks, Waterford, MI 48327?
Per public tax records, annual property taxes for this property are $3,804. 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, 7040 Banks, 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 7040 Banks, 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 7040 Banks, 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 7040 Banks, Waterford, MI 48327?
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.
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$4,309
Monthly$359
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$1,981
Principal & interest$1,621
Property taxes$359
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
7040 Banks, Waterford, MI 48327
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Municipality
Waterford Township
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County
Oakland County
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