NOT LISTED FOR SALE

65 Fairgrove St Pontiac, MI 48342

Estimated Value: $108,000 - $182,000

7 Beds
4 Baths
2,840 Sq Ft
$56/Sq Ft Est. Value

Last Sold January 20, 2017

Last sale price $49,900 $18 Per Sq Ft

Est. 220% increase in value since last sale

Current estimated payment $1,026/month

42 Days on Market

About This Home

As of January 2017

Great investment here....4 unit multi family. 3 units being used as 2 bedroom for $600 per month and a one bedrm at $550...the current tenants are long term 8+ years . Each lower unit has basement access. There are 2 furnaces, one is brand new. Landlord pays utilities. Home has been registered and inspected by the city of Pontiac. property has been producing $2350 per month gross rent when full, approx. $600-700 per month total expenses including all utilities, taxes, insurance, etc....great return on investment...overall avg condition, some units cleaner than others, sold as is.

Last Agent to Sell the Property

Rocco Deciechi

Role Realty License #6504244433 Listed on: 11/21/2016

Last Buyer's Agent

Rebecca Goemaere

Foote Realty, Inc License #RCO-6501128711

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x131

Parking

  • Paved Parking

Home Design

  • Quadruplex
  • Block Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 2,840 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Oakland Co Agricultural Society's Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1429232031

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Assessment: 232
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2840
  • Total Sq Ft: 2840
  • Sq Ft Total Bsmt: 1420

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved

Utilities

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

Schools

  • School District: Pontiac

Lot Info

  • List Price per Acre: 396666.6667
  • Lot Size Area: 0.15
  • Lot Dimensions: 50x131
  • Parcel Number: 1429232031
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2350

Tax Info

  • Tax Amount Summer: 1349.0000
  • Tax Amount Winter: 279.0000
  • Total Tax: 1628.0000

Multi Family

  • Gross Scheduled Income: 28200.00
  • Number Of Units Total: 4
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 3
  • Number Of Units Leased: 2

MLS Schools

  • School District: Pontiac

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2016
Closed on
Jan 17, 2017
Sold by
Pontiac Rental Five Llc
Bought by
Merj Management Llc
Seller's Agent
Rocco Deciechi
Role Realty
Buyer's Agent
Rebecca Goemaere
Foote Realty, Inc
List Price
$59,500
Sold Price
$49,900
Premium/Discount to List
-$9,600
-16.13%
Current Estimated Value
$159,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,681
Avg. Annual Appreciation
16.57%

Purchase Details

Closed on
May 6, 2016
Sold by
Goleski Gregory D and Goleski Michelle N
Bought by
Pontiac Rental Five Llc

Purchase Details

Closed on
Jan 12, 2006
Sold by
Sonkiss Zachary J and Sonkiss Zachary
Bought by
Goleski Gregory D and Goleski Michelle N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2002
Sold by
Flagstar Bank
Bought by
Sonkiss Zachary J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,800
Interest Rate
6.92%

Purchase Details

Closed on
Apr 17, 2001
Sold by
Harper William
Bought by
Flagstar Bank

Purchase Details

Closed on
Dec 7, 1998
Sold by
Creech Emil
Bought by
Hudson John D
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
Merj Management Llc $49,900 First American Title Insuran
Pontiac Rental Five Llc $38,300 First American Title Ins Co
Goleski Gregory D $112,000 Metropolitan Title Company
Sonkiss Zachary J $56,000 --
Flagstar Bank $87,776 --
Hudson John D $46,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goleski Gregory D $89,600
Previous Owner Sonkiss Zachary J $44,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2017 01/20/17 Sold $49,900 -16.1% $18 / Sq Ft
01/02/2017 01/02/17 Pending -- -- --
11/21/2016 11/21/16 For Sale $59,500 -- $21 / 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 $1,874 $63,890 $0 $0
2023 $1,786 $53,470 $0 $0
2022 $1,975 $42,720 $0 $0
2021 $1,922 $37,300 $0 $0
2020 $1,624 $32,900 $0 $0
2019 $1,810 $30,050 $0 $0
2011 -- $49,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rocco Deciechi

    Seller's Agent in 2017

    Rocco Deciechi

    Role Realty

    (248) 770-1895

    9 in this area

    83 Total Sales

    Rocco Deciechi
    Section Image

  • R

    Buyer's Agent in 2017

    Rebecca Goemaere

    Foote Realty, Inc

    (248) 332-1628

    1 in this area

    3 Total Sales

    Rebecca Goemaere
    Section Image

  • G

    Buyer's Agent in 2017

    Gloria Rossell

    Keller Williams Realty - Fenton

See All Agents

Map

Source: Realcomp

MLS Number: 216111518

Realcomp

APN: 14-29-232-031

Michigan Oakland County Pontiac 48342

65 Fairgrove St, Pontiac, MI

This home is located at 65 Fairgrove St, Pontiac, MI 48342 since 21 November 2016 and is currently estimated at $159,581, approximately $56 per square foot. This property was built in 1910. 65 Fairgrove St is a home located in Oakland County with nearby schools including Walt Whitman Elementary School, Pontiac Middle School, and Pontiac High School.

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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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