Seller's Agent in 2024
Christopher Hubel
@properties Christie's Int'l R.E. Birmingham
(248) 568-6030
56 in this area
118 Total Sales
27 Palmer St Pontiac, MI 48341
Estimated Value: $250,000 - $395,085
8
Beds
4
Baths
3,425
Sq Ft
$87/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Forced Air Heating System
- Asbestos
About This Home
As of March 2024*Multiple offers received*
Highest & best offers are due by 8 am on Monday 03/04/2024. Discover the perfect blend of historical charm and modern sophistication with this meticulously renovated 4-unit multifamily home, situated in the heart of Pontiac's prestigious Franklin Boulevard Historic District. This exceptional property represents a rare investment opportunity. Each of the four units, approximately 700 sqft each have been updated with luxurious finishes including durable laminate flooring, elegant granite countertops, and sophisticated marble tiling in the bathrooms. The inclusion of all new appliances in each unit adds significant value, ensuring convenience and efficiency for everyday living. Additionally, the basement features four brand new furnaces, water heaters, and electrical panels, representing a major upgrade to the property’s infrastructure for safety and functionality.
An attractive aspect of this investment is the potential for each unit to bring in approximately $1,300 in rent monthly, offering a strong income stream for the prospective owner. This projected rental income underscores the property's significant investment potential, bolstered by its prime location, luxurious updates, and modern amenities. Don't miss this rare opportunity to own or invest in a piece of Pontiac's history with all the modern upgrades, providing an unmatched value and potential for any investor.
Last Agent to Sell the Property
@properties Christie's Int'l R.E. Birmingham License #6501406271 Listed on: 02/26/2024
Last Buyer's Agent
@properties Christie's Int'l R.E. Birmingham License #6501406271 Listed on: 02/26/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1931
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 80x150
Home Design
- Colonial Architecture
- Block Foundation
- Asbestos
Interior Spaces
- 4 Full Bathrooms
- 3,425 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
- 4 Units
- Forest Lawn Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 1429358008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 1, 2025
Sold by
Pgp Apts Llc
Bought by
Gabbara Rani
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$99,916
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$198,105
Purchase Details
Listed on
Feb 26, 2024
Closed on
Mar 22, 2024
Sold by
Gj & E Llc
Bought by
Pgp Apts Llc
Seller's Agent
Christopher Hubel
@properties Christie's Int'l R.E. Birmingham
Buyer's Agent
Christopher Hubel
@properties Christie's Int'l R.E. Birmingham
List Price
$350,000
Sold Price
$377,500
Premium/Discount to List
$27,500
7.86%
Views
65
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-15.14%
Purchase Details
Closed on
Sep 19, 2023
Sold by
Oakland County Treasurer
Bought by
Gj And E Llc
Purchase Details
Closed on
Jan 11, 2016
Sold by
Gr0up 5 Investments Llc
Bought by
Erin Wolfe Enterprises Llc
Purchase Details
Closed on
Jul 15, 2008
Sold by
Rock Homes Llc
Bought by
Group 5 Investments Llc
Purchase Details
Closed on
Dec 27, 2007
Sold by
Bank Of New York
Bought by
Rock Homes Llc
Purchase Details
Closed on
Nov 6, 2006
Sold by
Mortgage Electronic Registration Systems
Bought by
Bank Of New York and Certificateholders Of Cwabs 2004-02
Purchase Details
Closed on
Oct 24, 2006
Sold by
Supal David
Bought by
Mortgage Electronic Registration Systems
Purchase Details
Closed on
Dec 5, 2003
Sold by
Corrigan Kevin
Bought by
Supal David
Purchase Details
Closed on
Sep 20, 2002
Sold by
Richardson Ray E
Bought by
Corrigan Kevin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
6.13%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gabbara Rani | -- | None Listed On Document | |
| Gabbara Rani | -- | None Listed On Document | |
| Pgp Apts Llc | $377,500 | None Listed On Document | |
| Gj And E Llc | $116,250 | None Listed On Document | |
| Erin Wolfe Enterprises Llc | -- | None Available | |
| Group 5 Investments Llc | $150,000 | None Available | |
| Rock Homes Llc | $94,000 | None Available | |
| Bank Of New York | -- | None Available | |
| Mortgage Electronic Registration Systems | $174,741 | None Available | |
| Supal David | $195,000 | Metro Title Corp | |
| Corrigan Kevin | $60,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gabbara Rani | $100,000 | |
| Closed | Gabbara Rani | $100,000 | |
| Previous Owner | Corrigan Kevin | $76,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/22/2024 03/22/24 | Sold | $377,500 | +7.9% | $110 / Sq Ft |
| 03/04/2024 03/04/24 | Pending | -- | -- | -- |
| 02/26/2024 02/26/24 | For Sale | $350,000 | -- | $102 / Sq Ft |
Source: Realcomp
Tax History Compared to Growth
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 | $4,283 | $77,970 | $0 | $0 |
| 2023 | $2,422 | $68,970 | $0 | $0 |
| 2022 | $2,588 | $56,730 | $0 | $0 |
| 2021 | $6,812 | $48,320 | $0 | $0 |
| 2020 | $2,200 | $42,920 | $0 | $0 |
| 2019 | $2,394 | $40,070 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Hubel
Map
Source: Realcomp
MLS Number: 20240011456
APN: 14-29-358-008
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.
IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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
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