NOT LISTED FOR SALE

45 E Cornell Ave Pontiac, MI 48340

Estimated Value: $110,821 - $139,000

4 Beds
2 Baths
1,748 Sq Ft
$69/Sq Ft Est. Value

Last Sold February 05, 2024

Last sale price $162,000 $93 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $705/month

42 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • High Speed Internet
  • Covered Patio or Porch
  • Laundry Facilities
  • Satellite Dish

About This Home

As of February 2024

Welcome to an unparalleled investment opportunity nestled in the heart of Pontiac, MI – a true haven for any investors. Unveiling itself as a veritable gem in the dynamic real estate market, this remarkable property can be restored to its original single family residence or remain in its current state as a 2-unit duplex promises not just a dwelling but a strategic venture into prosperity.
Each unit boasting 2 bedrooms, a full bath, private entry, and the added convenience of a shared laundry located in the basement washer and dryer hookups. Step through the door and be the ruler of your own destiny utilizing timeless allure of hardwood flooring, harmonizing seamlessly with the abundance of natural light. This property has two separate utility meters, Two furnaces, two water heaters and two electrical panels. Located close to freeway, shopping, restaurants and entertainment. BATVAI Please do not disturb the upstair tenant.

Last Agent to Sell the Property

Rick Ramirez

Exact Match Properties License #6501386279 Listed on: 12/11/2023

Last Buyer's Agent

Angelica Pearson

EXP Realty License #6501433860

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1929 | Remodeled in 1998

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40 x 127 x 40 x 127

Home Design

  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof
  • Chimney Cap
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,748 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Sump Pump

Parking

  • 3 Parking Spaces
  • On-Street Parking
  • Unassigned Parking

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Net Metering or Smart Meter
  • 100 Amp Service
  • Natural Gas Water Heater
  • High Speed Internet
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 1417451024

Community Details

Overview

  • 2 Units
  • Baldwin Park Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,218

Year Built

Built in 1929 | Remodeled in 1998

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 126.00
  • Year Built: 1929
  • State Equalized Value: 48410.0000
  • Year Renovated: 1998
  • Foundation Features: Sump Pump
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: 100 Amp Service, Circuit Breakers, Laundry Facility, High Spd Internet Avail, Utility Smart Meter
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1748

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Chimney Cap(s), Lighting, Satellite Dish
  • Foundation Materials: Block
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street, Unassigned/General
  • Total Parking Spaces: 3

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Fee Information

  • Operating Expense: 1146.34

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 40 x 127 x 40 x 127
  • Parcel Number: 1417451024
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1650

Tax Info

  • Tax Amount Summer: 1057.0000
  • Tax Amount Winter: 161.0000
  • Total Tax: 1218.0000
  • Taxable Value: 19240.0000

Multi Family

  • Gross Scheduled Income: 19800.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Pontiac

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2012
Sold by
Nieves Jose
Bought by
Nieves Homes Llc
Current Estimated Value
$120,455

Purchase Details

Closed on
Jul 10, 2009
Sold by
Bad Lizard Inc
Bought by
Nieves Jose

Purchase Details

Closed on
Feb 2, 2009
Sold by
Secretary Of Housing & Urban Development
Bought by
Bad Lizard Inc

Purchase Details

Closed on
Aug 23, 2007
Sold by
Mortgage Electronic Registration Systems
Bought by
Hud

Purchase Details

Closed on
Feb 6, 2007
Sold by
Martin Jason A and Martin Daniel J
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Nov 30, 2004
Sold by
Acord Herman
Bought by
Martin Jason A and Martin Daniel J

Purchase Details

Closed on
Apr 18, 1996
Sold by
Davis Robert B
Bought by
Acord Herman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,350
Interest Rate
7.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nieves Homes Llc -- None Available
Nieves Jose $12,500 Multiple
Bad Lizard Inc $3,750 None Available
Hud -- None Available
Mortgage Electronic Registration Systems $90,460 None Available
Martin Jason A $88,500 Metropolitan Title Company
Acord Herman $41,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Acord Herman $37,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2024 02/05/24 Sold $162,000 -4.6% $93 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
12/11/2023 12/11/23 For Sale $169,900 -- $97 / 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
2025 $884 $35,410 $0 $0
2024 $787 $32,840 $0 $0
2023 $750 $29,470 $0 $0
2022 $787 $26,380 $0 $0
2021 $765 $22,820 $0 $0
2020 $682 $20,200 $0 $0
2019 $733 $17,640 $0 $0
2018 $700 $15,190 $0 $0
2017 $673 $14,480 $0 $0
2016 $699 $12,770 $0 $0
2015 -- $12,460 $0 $0
2014 -- $11,910 $0 $0
2011 -- $15,290 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rick Ramirez

    Seller's Agent in 2024

    Rick Ramirez

    Exact Match Properties

    (248) 789-5888

    40 in this area

    107 Total Sales

    Rick Ramirez
    Section Image
  • Angelica Pearson

    Buyer's Agent in 2024

    Angelica Pearson

    EXP Realty

    (248) 854-6947

    1 in this area

    35 Total Sales

    Angelica Pearson
    Section Image
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Map

Source: Realcomp

MLS Number: 20230102868

Realcomp

APN: 14-17-382-007

Michigan Oakland County Pontiac 48340

45 E Cornell Ave, Pontiac, MI

Not Listed for Sale

MultiFamily

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Realcomp 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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