Sold
7741 Lake Ridge Drive, Waterford, MI 48327
Sold on 08/13/2025 for$179,000
MLS # 20251016118 (Realcomp)
2 beds2 baths1,316 sqftBuilt 1988
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Listing Description
Welcome to this move-in ready 2-bedroom, 1.1-bath condo offering an open and well-designed main living space plus a finished basement! The spacious main level features hardwood floors, a bright living room with a cozy gas fireplace, and an open dining area with a doorwall that leads to a private deck. The kitchen is functional and efficient, and a convenient half bath completes the space. Upstairs, you’ll find a large primary bedroom with a walk-in closet, a well-sized second bedroom, and a full bathroom. The finished basement offers a versatile flex room—ideal for a home office, workout space, or media room. Enjoy the ease of an attached one-car garage with direct access to the home. Association fee includes water, sewer, snow removal, & trash. Conveniently located near shopping, restaurants, and commuter routes, this condo has everything you need for comfortable, low-maintenance living. Schedule your private showing today! Buyer to assume current assessment of $100/month that runs through June '27. Assessment to cover concrete repair/replacement, roof replacement, power washing, & brick repair. Remaining assessment balance: $2200.
Source: SparkMLS
About this home
2-bedroom, 2-bath, 1,316 sq ft home in Waterford Township in Waterford built in 1988.
This home sold for $179,000 (about $136/sq ft).
Property tax estimate: $2,309 per year ($192/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. Broadband is available with download speeds up to 1,200 Mbps from 8 providers.
Tour
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms2
Living Area1,316 sqft
Year Built1988
Stories2
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
Garage1 space
HeatingForced Air
SewerPublic
InteriorBasement Finished
Sale & Financing
Listed7/12/2025
Sold Date8/12/2025
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$293 / Monthly
IncludesLawn/Yard Care, Sewer, Snow Removal, Trash, Water
Source: SparkMLS
Tax Information
Annual Tax$2,121
State Equalized Value$75,940
Taxable Value$40,170
Parcel #1331377023
Source: Public Records
Legal Description
T3N, R9E, SEC 31 OAKLAND COUNTY CONDOMINIUM PLAN NO 530 LAKE RIDGE UNIT 23, BLDG 6 L 10306 P 315 9-12-88 FR 351-023,024,039 040 & 093
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Heidi N Wilson
Keller Williams Advantage
Frequently Asked Questions about 7741 Lake Ridge Drive, Waterford, MI 48327
Which school district serves 7741 Lake Ridge Drive, Waterford, MI 48327?
Per MLS# 20251016118, 7741 Lake Ridge Drive, 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 type of financing is accepted for this listing?
Per MLS# 20251016118, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 7741 Lake Ridge Drive, Waterford, MI 48327?
Per public tax records, annual property taxes for this property are $2,121. 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, 7741 Lake Ridge 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.
Is 7741 Lake Ridge Drive, 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 not currently available at 7741 Lake Ridge Drive, 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.
What utilities serve 7741 Lake Ridge Drive, 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$2,309
Monthly$192
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$1,646
Principal & interest$1,161
Property taxes$192
HOA$293
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
7741 Lake Ridge Drive, Waterford, MI 48327
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Municipality
Waterford Township
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County
Oakland County
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