Under Contract
7059 Colonial Oaks Drive, Waterford, MI 48327
$185,000
MLS # 20261032391 (Realcomp)
3 beds3 baths1,895 sqftBuilt 1994
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About this home
Located in Waterford Township in Waterford, this property offers 3-bedroom, 3-bath, 1,895 sq ft, with original construction dating to 1994.
Currently offered at $185,000 (about $98/sq ft).
Property tax estimate: $2,817 per year ($235/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.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms3
Bathrooms3
Living Area1,895 sqft
Year Built1994
Stories3
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementWalk-Out Access
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Finished
Sale & Financing
Listed5/6/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$250 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$2,850
State Equalized Value$92,650
Taxable Value$84,840
Parcel #1331426033
Source: Public Records
Legal Description
T3N, R9E, SEC 31 OAKLAND COUNTY CONDOMINIUM PLAN NO 801 COLONIAL OAKS UNIT 15, BLDG 2 L 13195 P 596 9-28-93 FR 018
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Elizabeth Waters-Scott
Real Estate For A CAUSE
Frequently Asked Questions about 7059 Colonial Oaks Drive, Waterford, MI 48327
What school district is 7059 Colonial Oaks Drive, Waterford, MI 48327 in?
Per MLS# 20261032391, this property is served by Waterford. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 7059 Colonial Oaks Drive, Waterford, MI 48327?
Per MLS# 20261032391, 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# 20261032391, the most recent reported annual property tax for 7059 Colonial Oaks Drive, Waterford, MI 48327 is $2,850. 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 7059 Colonial Oaks Drive, Waterford, MI 48327 eligible for USDA financing?
Per USDA Rural Development boundary data, 7059 Colonial Oaks Drive, 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, 7059 Colonial Oaks Drive, 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.
Map
Tax Estimate
$
Annual tax$2,817
Monthly$235
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$1,685
Principal & interest$1,200
Property taxes$235
HOA$250
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
7059 Colonial Oaks Drive, Waterford, MI 48327
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Municipality
Waterford Township
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County
Oakland County
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