NOT LISTED FOR SALE

55 Douglas St Pontiac, MI 48342

Estimated Value: $128,000 - $165,567

4 Beds
3 Baths
2,044 Sq Ft
$72/Sq Ft Est. Value

Last Sold January 17, 2023

Last sale price $50,000 $24 Per Sq Ft

Est. 195% increase in value since last sale

Current estimated payment $963/month

57 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Forced Air Heating System

About This Home

As of January 2023

INVESTMENT OPPORTUNITY! Impressive Monthly Rental Income potential. This home has a ton character and great bones! Surrounded by newly developed apartments, condominiums, and rehabbed homes. Located in the heart of an up-and-coming neighborhood. Walking distance to hospital, public transportation, night life, shopping and more.

Last Agent to Sell the Property

Nicholas Alfano

Keller Williams Advantage License #6501423228 Listed on: 10/31/2022

Keller Williams Advantage

Last Buyer's Agent

Nicholas Alfano

Keller Williams Advantage License #6501423228 Listed on: 10/31/2022

Keller Williams Advantage

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 52x120x52x121

Home Design

  • Colonial Architecture
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 3 Full Bathrooms
  • 2,044 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 1428307026

Community Details

Overview

  • 3 Units
  • Sub Of Outlot 13 S.W. 1/4 Sec 28 3 10 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 532.00
  • Year Built: 1910
  • State Equalized Value: 38780.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2044
  • Total Sq Ft: 2044
  • Sq Ft Total Bsmt: 1034

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Foundation Materials: Poured
  • Frontage Feet: 52
  • Porch Type: Deck
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Pontiac

Lot Info

  • Lot Size Area: 0.15
  • Lot Dimensions: 52x120x52x121
  • Parcel Number: 1428307026
  • Zoning: Residential
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 2600

Tax Info

  • Tax Amount Summer: 799.0000
  • Tax Amount Winter: 572.0000
  • Total Tax: 1371.0000
  • Taxable Value: 22400.0000

Multi Family

  • Gross Scheduled Income: 31200.00
  • Number Of Units Total: 3
  • Number of Efficiency Units: 1
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Pontiac

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2022
Closed on
Jan 17, 2023
Sold by
Seth Tara L
Bought by
Berger Tahnee
Seller's Agent
Nicholas Alfano
Keller Williams Advantage
Buyer's Agent
Nicholas Alfano
Keller Williams Advantage
List Price
$119,900
Sold Price
$50,000
Premium/Discount to List
-$69,900
-58.3%
Views
97
Current Estimated Value
$147,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,392
Avg. Annual Appreciation
49.87%

Purchase Details

Closed on
Sep 5, 2019
Sold by
Seth Tara L
Bought by
Seth Tara L and Seth Steven A

Purchase Details

Closed on
Apr 8, 2019
Sold by
Seth Steven R and Seth Tara
Bought by
Seth Tara L

Purchase Details

Closed on
Aug 28, 2018
Sold by
Welborn Vicky Lee
Bought by
Seth Steven R and Seth Tara

Purchase Details

Closed on
Oct 22, 1998
Sold by
Mildred H Toodwin Tr
Bought by
Labarge Joanne S
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
Berger Tahnee $50,000 --
Seth Tara L -- None Available
Seth Tara L -- None Available
Seth Steven R $2,500 None Available
Labarge Joanne S $20,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2023 01/17/23 Sold $50,000 -49.9% $24 / Sq Ft
12/27/2022 12/27/22 Pending -- -- --
11/14/2022 11/14/22 Price Changed $99,900 -16.7% $49 / Sq Ft
10/31/2022 10/31/22 For Sale $119,900 -- $59 / 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 $1,905 $51,850 $0 $0
2023 $865 $45,060 $0 $0
2022 $1,502 $38,780 $0 $0
2021 $1,345 $36,500 $0 $0
2020 $786 $32,150 $0 $0
2019 $1,314 $32,130 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221055044

Realcomp

APN: 14-28-307-026