Sold
7051 MAGNOLIA Lane, Waterford, MI 48327
Sold on 06/06/2025 for$202,000
MLS # 20250027695 (Realcomp)
2 beds2 baths1,300 sqftBuilt 2003
1 / 37
Listing Description
Welcome home to this spacious and beautifully maintained 2-bedroom, 2.5-bath condo offering 1,300 sq. ft. of comfortable living space, plus an additional 650 sq. ft. of unfinished basement ready for your personal touch. Enjoy the large open floor plan, perfect for modern living and entertaining. The kitchen features a generous bar with seating area, plenty of cabinet and counter space, all appliances included. The great room offers a cozy fireplace, skylights, vaulted ceiling and a door wall that opens to a private balcony. Both bedrooms are generously sized, providing ample space for your furniture and personal style. The attached garage offers convenience and additional storage. Don’t miss this opportunity to own a stylish, functional condo in Magnolia Park! Some photos have been virtually staged. Water softener system is owned and included. Measurements are approximate. Pre-Approved Buyers only please.
Source: SparkMLS
About this home
Located in Waterford Township in Waterford, this property offers 2-bedroom, 2-bath, 1,300 sq ft, with original construction dating to 2003.
Final sale price: $202,000 (about $155/sq ft).
Annual property taxes run approximately $3,386 ($282/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Broadband is available with download speeds up to 1,200 Mbps from 8 providers. Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms2
Living Area1,300 sqft
Year Built2003
Stories3
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionBrick, Vinyl Siding
Garage1.5 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed4/21/2025
Sold Date6/5/2025
Original Price$215,000
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$240 / Monthly
IncludesLawn/Yard Care, Snow Removal, Water
Source: SparkMLS
Tax Information
Annual Tax$1,408
State Equalized Value$111,340
Taxable Value$40,960
Parcel #1331427011
Source: Public Records
Legal Description
T3N, R9E, SEC 31 OAKLAND COUNTY CONDOMINIUM PLAN NO 1429 MAGNOLIA PARK CONDO UNIT 11 L 25303 P 830 4-8-02 FR 476-001
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Stacy M Ramsay
RE/MAX Leading Edge
Frequently Asked Questions about 7051 MAGNOLIA Lane, Waterford, MI 48327
What school district is 7051 MAGNOLIA Lane, Waterford, MI 48327 in?
Per MLS# 20250027695, 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# 20250027695, 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# 20250027695, the most recent reported annual property tax for 7051 MAGNOLIA Lane, Waterford, MI 48327 is $1,408. 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 7051 MAGNOLIA Lane, Waterford, MI 48327 eligible for USDA financing?
Per USDA Rural Development boundary data, 7051 MAGNOLIA Lane, 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, 7051 MAGNOLIA Lane, 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 7051 MAGNOLIA Lane, Waterford, MI 48327?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 7051 MAGNOLIA Lane, Waterford, MI 48327. The maximum advertised download speed is 1.2 Gbps. 8 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$3,386
Monthly$282
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$1,884
Principal & interest$1,361
Property taxes$282
HOA$240
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
35 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
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
7051 MAGNOLIA Lane, Waterford, MI 48327
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Municipality
Waterford Township
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County
Oakland County
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