10 hours on Rocket
#20251015403, Vickie L Jeannette, Listing office: Remerica United Realty
Property details
About 7040 Banks
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.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air
Size1,663 sqft
BasementYes
Lot size0.57 Acres
Year built1972
ParkingTwo Car Garage, Attached
MLS #20251006808
Attached garage2 spaces
FireplaceFamily Room, Wood Burning
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Dryer, Gas Range, Refrigerator, Washer
- Basement: Yes
- Fireplace: Family Room, Wood Burning
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Two Car Garage, Attached
- Architectural Style: Colonial
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- List Price: $257,900
- Price/SqFt: $155
- Annual Tax Amount: $4,915
- Tax Year: 2024
- Directions: Highland Rd S to Hospital W on Banks
- Year Built: 1972
- Living Area: 1,663 SqFt
- Lot Size: 0.57 Acres
- MLS Number: 20251006808
- MLS Name: Realcomp II Ltd
- Office Name: New Door Realty
- Office Phone: (248) 698-9860
- Listing Agent: Debra A Skonieczny, Jason Skonieczny
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/10/2025, 12:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 22, 2015 | Home Sold | $180,000 |
| Aug 02, 1999 | Home Sold | $158,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $138,310 | $4,915 |
| 2023 | $133,040 | $4,398 |
| 2022 | $124,350 | $4,551 |
| 2021 | $123,110 | $4,398 |
| 2020 | $116,580 | $3,978 |
| 2018 | $97,920 | $3,753 |
| 2017 | $96,460 | $2,883 |
History based on county public records data.
Nearby schools
5
Beaumont Elementary School
Public District KG-5
0.5 mi
•6532 Elizabeth Lake Rd
4
Houghton Elementary School
Public District KG-5
1.0 mi
•8080 Elizabeth Lake Rd
4
Knudsen Elementary School
Public District KG-5
1.7 mi
•5449 Crescent Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $70,241. The majority of Waterford, MI residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
25%
<35k
45%
35k-100k
22%
100k-200k
8%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
32%
Single, No Kids
9%
Single, with Kids
29%
Married, No Kids
30%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
10%
12-17 yrs old
17%
18-34 yrs old
47%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
NBA/WNBA
Minor League Baseball Games
Where do the neighbors shop?
Chico's
New York & Company
IKEA
Where do the neighbors go to eat?
Boston Market
Qdoba
Chick-fil-A
What do the neighbors drive?
Volvo
Infiniti
Kia
What do the neighbors listen to?
Talk/Personality
Active Rock
Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Waterford, MI
Transportation in Waterford is facilitated by a network of major roads and highways, making it convenient for residents to commute to nearby cities and towns. Public transportation services are available, providing connections to key areas within the community. The town also supports ride-sharing options for added convenience. While Waterford has areas that are pedestrian-friendly, the use of a personal vehicle is common for most residents. Efforts to improve walkability and bikeability are ongoing, enhancing the accessibility of local amenities.
The community is served by a solid educational system, including several public schools that cater to different age groups, as well as private educational options. Healthcare needs are met by local clinics and nearby hospitals that offer a range of medical services. Waterford's public library system supports lifelong learning with a variety of programs and resources. The town also features a selection of retail and dining options that reflect the local culture, with both chain stores and independent businesses present.
Waterford is known for its welcoming community and serene suburban feel. The town prides itself on its numerous lakes and waterways, which provide residents with ample opportunities for outdoor recreation and scenic beauty. Seasonal events and local festivals contribute to the area's sense of community, with residents coming together to celebrate and enjoy the town's offerings. The presence of well-maintained parks and community centers underscores Waterford's commitment to fostering a family-friendly environment.
Waterford's housing market is diverse, offering a range of options from charming single-family homes to convenient apartment complexes and townhouses. The architectural styles vary, with a noticeable presence of ranch-style homes, colonials, and contemporary designs. A significant portion of the housing stock was built during the post-war era, reflecting the town's growth during the mid-20th century. The homeownership rate in Waterford is robust, with a majority of residents owning their homes, while a smaller percentage of the population opts for rental living arrangements.
About 7040 Banks
The listing price of 7040 Banks property is $257,900.
The property 7040 Banks is a house located in Waterford, Michigan, 48327.
Active Listing: 7040 Banks is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7040 Banks are: Beaumont Elementary School (GreatSchools Rating 5/10), Houghton Elementary School (GreatSchools Rating 4/10), Knudsen Elementary School (GreatSchools Rating 4/10), Waterford Montessori Academy (GreatSchools Rating 7/10), Pierce Middle School (GreatSchools Rating 4/10), Clifford H. Smart Middle School (GreatSchools Rating 8/10), Kettering High School (GreatSchools Rating 6/10), Waterford Durant High School (GreatSchools Rating 2/10), Mott High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $4,915 (source: MLS/based on county public records data).
The last sale was on September 22, 2015 for $180,000 (source: MLS/tax record).
The property at 7040 Banks has 4 bedrooms and 2 bathrooms.
The property 7040 Banks is 1,663 SqFt (source: MLS/tax record).
The year of construction for 7040 Banks is 1972.
This home is located at 7040 Banks in Waterford, MI and zip code 48327. This 1,663 square foot home, which was built in 1972, sits on a 0.57 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 11, 2025 and is currently priced at $257,900.
In June 2025 more than 22 listings in Waterford, MI were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 21 were sold below. The inventory of homes for sale in Waterford, MI between May and June 2025 increased by 27%. Listings spent 12 days on the market in June 2025, and had a median list price of $275,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.