NOT LISTED FOR SALE

344 N Perry St Pontiac, MI 48342

Estimated Value: $108,509 - $130,000

4 Beds
2 Baths
1,586 Sq Ft
$75/Sq Ft Est. Value

Last Sold April 27, 2017

Last sale price $35,000 $22 Per Sq Ft

Est. 233% increase in value since last sale

Current estimated payment $715/month

14 Days on Market

Highlights

  • Covered Patio or Porch
  • Ceiling Fan
  • Laundry Facilities
  • Forced Air Heating System

About This Home

As of April 2017

Great return of your investment. Start earning money from day one, gross $12,420 and Net $8,320. Both units are rented. Licensed in 2016 with the City of Pontiac. Separate electric and gas paid by tenants. New washer and dryer in basement. New refrigerator and stove, carpet and paint in upper unit. 2 Year old carpet and paint in lower unit. Conventional and FHA are only for owner that lives in one of the units. Parking for 4 cars in the back.

Last Agent to Sell the Property

Thomas Moses

Century 21 Professionals Troy License #6501361656 Listed on: 04/06/2017

Century 21 Professionals Troy

Last Buyer's Agent

Don Huddleston

D A D Agency License #6504135841

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1910 | Remodeled in 2013

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,586 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • Lot Dimensions are 60x102

Listing and Financial Details

  • Assessor Parcel Number 1428108025

Community Details

Overview

  • 2 Units
  • Maple Add Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$782

Year Built

Built in 1910 | Remodeled in 2013

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1910
  • Year Renovated: 2013
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Common
  • Sq Ft Combined: 1586
  • Total Sq Ft: 1586
  • Sq Ft Total Bsmt: 595

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Wood
  • Foundation Materials: Block
  • Frontage Feet: 60
  • Porch Type: Porch, Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Unassigned/General
  • Total Parking Spaces: 4

Utilities

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

Schools

  • School District: Pontiac

Lot Info

  • Lot Dimensions: 60X102
  • Parcel Number: 1428108025
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Water/Sewer
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1035

Tax Info

  • Tax Amount Summer: 645.0000
  • Tax Amount Winter: 137.0000
  • Total Tax: 782.0000

Multi Family

  • Gross Scheduled Income: 12420.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Pontiac

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2017
Closed on
Apr 27, 2017
Sold by
Mosses Lorraine and Moses Lorraine
Bought by
Wellington Development L L C
Seller's Agent
Thomas Moses
Century 21 Professionals Troy
Buyer's Agent
Don Huddleston
D A D Agency
List Price
$50,000
Sold Price
$35,000
Premium/Discount to List
-$15,000
-30%
Current Estimated Value
$116,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,674
Avg. Annual Appreciation
15.83%

Purchase Details

Listed on
Oct 19, 2012
Closed on
Feb 15, 2013
Sold by
Vennis Homes Llc
Bought by
Mosses Lorraine
Seller's Agent
Carol Mountain
Mountain Realty LLC
Buyer's Agent
Thomas Moses
Century 21 Town & Country
List Price
$25,000
Sold Price
$21,000
Premium/Discount to List
-$4,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.93%

Purchase Details

Closed on
Apr 23, 2010
Sold by
Wycuff Dennis
Bought by
Vennis Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.86%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 9, 2008
Sold by
Cohen Seth
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Oct 1, 2007
Sold by
Cohen Seth and Gershenson Cohen Jill
Bought by
Partners In Real Estate Llc

Purchase Details

Closed on
Dec 1, 2005
Sold by
Downey Kevin and Downey Monica
Bought by
Cohen Seth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,200
Interest Rate
10.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 4, 2005
Sold by
Olinski Kevin
Bought by
Downey Kevin and Downey Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,200
Interest Rate
10.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 13, 2004
Sold by
Olinski Kevin
Bought by
Downey Kevin
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Wellington Development L L C $35,000 Title One Inc
Mosses Lorraine $21,000 None Available
Vennis Homes Llc -- None Available
Wells Fargo Bank Na $16,830 None Available
Partners In Real Estate Llc -- None Available
Cohen Seth $69,000 Abstract Title Agency
Downey Kevin -- Abstract Title Agency
Downey Kevin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vennis Homes Llc $50,000
Previous Owner Cohen Seth $93,600
Previous Owner Cohen Seth $55,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2017 04/27/17 Sold $35,000 -30.0% $22 / Sq Ft
04/20/2017 04/20/17 Pending -- -- --
04/06/2017 04/06/17 For Sale $50,000 0.0% $32 / Sq Ft
05/13/2013 05/13/13 Rented $550 0.0% --
05/11/2013 05/11/13 Under Contract -- -- --
04/21/2013 04/21/13 For Rent $550 0.0% --
02/15/2013 02/15/13 Sold $21,000 -16.0% $13 / Sq Ft
02/06/2013 02/06/13 Pending -- -- --
10/19/2012 10/19/12 For Sale $25,000 -- $16 / 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 $913 $30,000 $0 $0
2023 $871 $26,740 $0 $0
2022 $966 $23,750 $0 $0
2021 $940 $21,140 $0 $0
2020 $791 $19,010 $0 $0
2019 $884 $16,390 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 217026522

Realcomp

APN: 14-28-108-025