NOT LISTED FOR SALE

38 Spokane Dr Pontiac, MI 48341

Estimated Value: $106,000 - $175,000

4 Beds
2 Baths
2,170 Sq Ft
$65/Sq Ft Est. Value

Last Sold July 18, 2019

Last sale price $86,000 $40 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $922/month

9 Days on Market

Highlights

  • Porch
  • Lobby
  • Forced Air Heating System

About This Home

As of July 2019

Excellent opportunity at this well cared-for duplex in blossoming Indian Village! Live in one unit while renting out the other, or use this as a solid investment in this long-established, quiet, historic neighborhood. After a year and a half of residing here, the current tenant prefers to stay and is a stickler for cleanliness! Feel a bit more comfortable with the following updates: two new furnaces ('18), new 1st floor HWH ('18), new front porch ('17), new back half of roof ('18), brick tuck pointed '(17), new front & side entry doors ('17), most light fixtures throughout are new, kitchens: new ceramic flooring, counters, cabinets, sinks, microwaves (and new stove in 2nd floor unit). Roof is almost worry-free since all the overhanging trees have been professionally trimmed. Units are separately-metered for electric and gas. This is truly an exceptional property in a great locale with a money-producing unit projected for long-term sustenance. Easy shows.

Last Agent to Sell the Property

Quin D'Amico

RE/MAX Showcase Homes License #6501305945 Listed on: 05/06/2019

RE/MAX Showcase Homes

Last Buyer's Agent

Jon Lafferty

Century 21 Professionals Clinton License #6501286583

Century 21 Professionals Clinton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925 | Remodeled in 2019

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 36.00x120.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,170 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1430401019

Community Details

Overview

  • 2 Units
  • Assr's Plat No 109 City Of Pontiac Subdivision

Amenities

  • Lobby

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,469

Year Built

Built in 1925 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building, Duplex
  • Architecture Level: 2 Story
  • Assessment: 43.99
  • Year Built: 1925
  • Year Renovated: 2019
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2170
  • Total Sq Ft: 2170
  • Sq Ft Total Bsmt: 1035

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Frontage Feet: 36
  • Porch Type: Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street, Unassigned/General
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • 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

  • List Price per Acre: 899000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 36.00X120.00
  • Parcel Number: 1430401019
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Water/Sewer, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 600

Tax Info

  • Tax Amount Summer: 1381.0000
  • Tax Amount Winter: 88.0000
  • Total Tax: 1469.0000

Multi Family

  • Gross Scheduled Income: 7200.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Pontiac

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2019
Sold by
Folden James D and Folden David V
Bought by
Folden Properties Michigan Llp
Current Estimated Value
$140,962

Purchase Details

Listed on
May 6, 2019
Closed on
Jul 18, 2019
Sold by
Seiber Bernard C and Seiber Clif
Bought by
Folden James D and Folden David V
Seller's Agent
Quin D'Amico
RE/MAX Showcase Homes
Buyer's Agent
Jon Lafferty
Century 21 Professionals Clinton
List Price
$89,900
Sold Price
$86,000
Premium/Discount to List
-$3,900
-4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%

Purchase Details

Closed on
Dec 7, 2011
Sold by
Connolly Terry and Connolly Vera Ellen
Bought by
Grace Gospel Fellowship

Purchase Details

Closed on
Oct 19, 1993
Sold by
Connolly Kathy Hanson
Bought by
Connolly Terry
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
Folden Properties Michigan Llp -- None Available
Folden James D $86,000 Partners Title Agency Llc
Grace Gospel Fellowship -- None Available
Connolly Terry -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2019 07/18/19 Sold $86,000 -4.3% $40 / Sq Ft
05/15/2019 05/15/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $89,900 -- $41 / 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 $2,102 $55,450 $0 $0
2023 $2,003 $47,250 $0 $0
2022 $2,059 $41,280 $0 $0
2021 $2,000 $37,060 $0 $0
2020 $1,940 $33,150 $0 $0
2019 $1,537 $29,300 $0 $0
2018 $1,469 $25,030 $0 $0
2017 $1,333 $24,040 $0 $0
2016 $1,386 $24,460 $0 $0
2015 -- $22,850 $0 $0
2014 -- $19,660 $0 $0
2011 -- $32,290 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219040138

Realcomp

APN: 14-30-401-019