NOT LISTED FOR SALE

261 N Saginaw St Pontiac, MI 48342

Estimated Value: $83,000 - $156,000

5 Beds
2.5 Baths
2,115 Sq Ft
$56/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $88,000 $42 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $875/month

24 Days on Market

Highlights

  • 0.43 Acre Lot
  • Covered Patio or Porch
  • Forced Air Heating System
  • Cape Cod Architecture

About This Home

As of February 2023

Investors this is a very nice property & great opportunity to own this two-unit colonial w/ 1,930 Sq. Ft. 5 beds 2.5 bath w/ wrap around porch that's tenant occupied & a turnkey home with lots of sweat equity. Lower unit has 3 beds 1.5 bath & is updated & rents for $1,000 per month. Upper unit has 2 bed 1 full bath & is updated renting for $800 per month. This property is located downtown Pontiac & close to shopping, entertainment, restaurants, bars, schools, parks, etc... BATVAI

Last Agent to Sell the Property

Chris Murphy

RE/MAX Leading Edge License #6501322055 Listed on: 01/06/2023

RE/MAX Leading Edge

Last Buyer's Agent

Chris Murphy

RE/MAX Leading Edge License #6501322055 Listed on: 01/06/2023

RE/MAX Leading Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1875 | Remodeled in 1990

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 81x230

Home Design

  • Cape Cod Architecture
  • Colonial Architecture
  • Stone Foundation
  • Asphalt Roof

Interior Spaces

  • 2,115 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Assr's Plat No 29 City Of Pontiac Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1429257015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,218

Year Built

Built in 1875 | Remodeled in 1990

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Cape Cod, Colonial
  • Architecture Level: 2 Story
  • Assessment: 126.00
  • Year Built: 1875
  • State Equalized Value: 33910.0000
  • Year Renovated: 1990
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2115
  • Total Sq Ft: 2115
  • Sq Ft Total Bsmt: 532

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Wood
  • Foundation Materials: Stone
  • Frontage Feet: 81
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Fee Information

  • Operating Expense: 3461.00

Schools

  • School District: Pontiac

Lot Info

  • List Price per Acre: 267441.8600
  • Lot Size Area: 0.43
  • Lot Dimensions: 81x230
  • Parcel Number: 1429257015
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water
  • Monthly Rental Income: 1800

Tax Info

  • Tax Amount Summer: 1057.0000
  • Tax Amount Winter: 161.0000
  • Total Tax: 1218.0000
  • Taxable Value: 19660.0000

Multi Family

  • Gross Scheduled Income: 21600.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Pontiac

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2023
Closed on
Feb 28, 2023
Sold by
Hani And Ramiz Properties Llc
Bought by
Lehigh Property Management Llc
Seller's Agent
Chris Murphy
RE/MAX Leading Edge
Buyer's Agent
Chris Murphy
RE/MAX Leading Edge
List Price
$115,000
Sold Price
$88,000
Premium/Discount to List
-$27,000
-23.48%
Views
82
Current Estimated Value
$117,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,564
Avg. Annual Appreciation
12.44%

Purchase Details

Closed on
Oct 16, 2007
Sold by
Fannie Mae
Bought by
Hani & Ramiz Properties

Purchase Details

Closed on
Aug 29, 2006
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 22, 2006
Sold by
Hampton John and Hampton John B
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Nov 12, 2004
Sold by
Clark Alan Gale and Clark Jan
Bought by
Hampton John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,863
Interest Rate
5.86%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lehigh Property Management Llc $88,000 Ideal Title Agency
Hani & Ramiz Properties $25,000 None Available
Federal National Mortgage Association -- None Available
Mortgage Electronic Registration Systems $110,324 None Available
Hampton John $107,225 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hampton John $101,863
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $88,000 -23.5% $42 / Sq Ft
01/30/2023 01/30/23 Pending -- -- --
01/06/2023 01/06/23 For Sale $115,000 -- $54 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,818 $51,310 $0 $0
2023 $1,134 $42,230 $0 $0
2022 $1,220 $33,910 $0 $0
2021 $1,186 $29,580 $0 $0
2020 $1,031 $26,740 $0 $0
2019 $1,127 $24,520 $0 $0
2018 $1,067 $21,740 $0 $0
2017 $1,030 $21,550 $0 $0
2016 $1,084 $19,380 $0 $0
2015 -- $18,200 $0 $0
2014 -- $17,600 $0 $0
2011 -- $24,740 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Murphy

    Seller's Agent in 2023

    Chris Murphy

    RE/MAX

    (313) 725-0579

    1 in this area

    150 Total Sales

    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20230001255

Realcomp

APN: 14-29-257-015

Michigan Oakland County Pontiac 48342

261 N Saginaw St, Pontiac, MI

This home is located at 261 N Saginaw St, Pontiac, MI 48342 since 06 January 2023 and is currently estimated at $117,564, approximately $55 per square foot. This property was built in 1875. 261 N Saginaw St is a home located in Oakland County with nearby schools including Walt Whitman Elementary School, Pontiac Middle School, and Pontiac High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes