NOT LISTED FOR SALE

587 E Madison Ave Pontiac, MI 48340

Estimated Value: $107,000 - $132,000

3 Beds
1 Bath
957 Sq Ft
$128/Sq Ft Est. Value

Last Sold October 10, 2023

Last sale price $102,500 $107 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $844/month

14 Days on Market

Highlights

  • No HOA
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

As of October 2023

Cozy 3 Bedroom & 1 Full Bathroom Tri-Level in North Pontiac. Step Down Foyer, 2 Beds & Full Bath Upstairs, One Bedroom on Living Room Level. Kitchen has been Updated, Painted & Wood Floors have been Refinished in the last couple of years. Nice Fenced Yard, 1.5 Car Garage, Laundry Room, & Crawl Space w/Cement Floor for Storage. Tenant has an Active Lease for approximately 16 more months.

Last Agent to Sell the Property

Haig Istamboulian

Arterra Realty Michigan LLC License #6501304368 Listed on: 08/25/2023

Co-Listed By

Savina Istamboulian

Arterra Realty Michigan LLC License #6501429610

Last Buyer's Agent

Nancy Cotten

Brookstone, Realtors LLC License #6506048615

Brookstone, Realtors LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1942

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00 x 123.00

Parking

  • 1 Car Detached Garage

Home Design

  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 957 Sq Ft Home
  • 1.5-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Le Baron Farm Sub No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1416454026

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,018

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Level: 1 1/2 Story
  • Assessment: 63.00
  • Year Built: 1942
  • State Equalized Value: 28000.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished
  • Sq Ft Combined: 1262
  • Sq Ft Lower Floor: 305
  • Total Sq Ft: 957
  • Sq Ft Total Bsmt: 305

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Poured
  • Frontage Feet: 40
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Pontiac

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00 x 123.00
  • Parcel Number: 1416454026

Tax Info

  • Tax Amount Summer: 922.0000
  • Tax Amount Winter: 96.0000
  • Total Tax: 1018.0000
  • Taxable Value: 17160.0000

MLS Schools

  • School District: Pontiac

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Oct 10, 2023
Sold by
Chief Of Pontiac Llc
Bought by
Martin James
Seller's Agent
Haig Istamboulian
Arterra Realty Michigan LLC
Buyer's Agent
Nancy Cotten
Brookstone, Realtors LLC
List Price
$99,900
Sold Price
$102,500
Premium/Discount to List
$2,600
2.6%
Views
62
Current Estimated Value
$122,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,666
Avg. Annual Appreciation
5.96%
Original Mortgage
$76,875
Outstanding Balance
$75,790
Interest Rate
7.49%
Estimated Equity
$37,908

Purchase Details

Closed on
Nov 16, 2016
Sold by
Leitman Mirc Allen
Bought by
Chief Of Pontiac Llc

Purchase Details

Listed on
Sep 3, 2015
Closed on
Oct 16, 2015
Sold by
Swiden Albert
Bought by
Leitman Marc
Seller's Agent
Mary Kucharczyk
KW Professionals
Buyer's Agent
Haig Istamboulian
Arterra Realty Michigan LLC
List Price
$42,000
Sold Price
$28,500
Premium/Discount to List
-$13,500
-32.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.20%

Purchase Details

Closed on
Jul 13, 2010
Sold by
Westman Arthur F and Westman Mary
Bought by
U S Bank National Association

Purchase Details

Closed on
Aug 5, 2004
Sold by
Westman Arthur F
Bought by
Westman Arthur F and Westman Mary E

Purchase Details

Closed on
Dec 21, 1989
Sold by
Edge Margaret A
Bought by
Westman Arthur F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
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
Martin James $102,500 Sterling Title Agency
Chief Of Pontiac Llc -- None Available
Leitman Marc $28,600 Attorney
U S Bank National Association $12,500 None Available
Westman Arthur F -- Philip R Seaver Title Co Inc
Westman Arthur F $26,000 Philip R Seaver Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin James $76,875
Previous Owner Westman Arthur F $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2023 10/10/23 Sold $102,500 +2.6% $107 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $99,900 0.0% $104 / Sq Ft
02/27/2023 02/27/23 For Rent $1,099 0.0% --
10/24/2022 10/24/22 Off Market $1,099 -- --
10/20/2022 10/20/22 Under Contract -- -- --
10/20/2022 10/20/22 Rented $1,099 0.0% --
08/25/2022 08/25/22 For Rent $1,099 0.0% --
10/16/2015 10/16/15 Sold $28,500 -32.1% $30 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
09/03/2015 09/03/15 For Sale $42,000 -- $44 / 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 $2,017 $36,720 $0 $0
2023 $990 $32,380 $0 $0
2022 $1,018 $28,000 $0 $0
2021 $989 $24,530 $0 $0
2020 $900 $22,350 $0 $0
2019 $955 $19,590 $0 $0
2018 $917 $17,850 $0 $0
2017 $880 $17,220 $0 $0
2016 $905 $15,280 $0 $0
2015 -- $13,270 $0 $0
2014 -- $11,570 $0 $0
2011 -- $18,070 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Haig Istamboulian

    Seller's Agent in 2023

    Haig Istamboulian

    Arterra Realty Michigan LLC

    (248) 379-6547

    241 Total Sales

    Haig Istamboulian
    Section Image

  • S

    Seller Co-Listing Agent in 2023

    Savina Istamboulian

    Arterra Realty Michigan LLC

    Section Image
  • Nancy Cotten

    Buyer's Agent in 2023

    Nancy Cotten

    Brookstone, Realtors LLC

    (248) 459-2605

    52 Total Sales

    Nancy Cotten
    Section Image

  • C

    Seller's Agent in 2022

    Carlo Gobba

    Logical Property Management

    Section Image

  • M

    Seller's Agent in 2015

    Mary Kucharczyk

    KW Professionals

    (248) 444-4324

    32 Total Sales

    Mary Kucharczyk
    Section Image
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Map

Source: Realcomp

MLS Number: 20230064822

Realcomp

APN: 14-16-454-026

Michigan Oakland County Pontiac 48340

587 E Madison Ave, Pontiac, MI

This home is located at 587 E Madison Ave, Pontiac, MI 48340 since 25 August 2023 and is currently estimated at $122,166, approximately $127 per square foot. This property was built in 1942. 587 E Madison Ave is a home located in Oakland County with nearby schools including Owen Elementary School, Pontiac Middle School, and Pontiac High School.

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.

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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