2 months on rocket

88 Palmer St, Pontiac, MI, 48341

$164,999

Home List Price

$1,959*

Closing Credit

3 Full Baths
1,346 SqFt
$123/SqFt
Multi
Schools Nearby

Location

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88 Palmer St, Pontiac$164,999

Buyer Closing Credits

$1,959*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1900
HeatingNatural Gas, Forced Air
CoolingCeiling Fan(s), Window Unit(s)
BasementYes
MLS #20240008975
Lot Size0.07 Acres
StatusActive

About 88 Palmer St

Charming 1900 bungalow transformed into a three-unit multi-family residence. A cozy interior corridor connects two units on the first floor (a studio and a one-bedroom) while the second floor features a spacious one-bedroom with a den. Currently, both one-bedroom units are leased, while the studio is available following a recent vacancy. With potential monthly rents exceeding $2,000, this property is conveniently situated near downtown, the hospital, and the expressway. Turnkey rental property. Showings are available upon submission of a Letter of Intent (LOI). Buyer to verify all information (BTVAI).

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1900
  • Stories: 1
  • Living Area: 1,346 SqFt

Listing Office:

  • Office Name: Select Real Estate Professionals
  • Office Phone: (586) 226-4477
  • Listing Agent: Christopher Cichocki

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Laundry Facility

Bedroom and Bathroom Information:

  • Full Bathrooms: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Window Unit(s)

School Info

Assigned Schools Information:

  • Pontiac High School, Public District Grades 10-12
  • Whitmer Human Resource Center, Public District Grades KG-6

Other

Directions Information:

  • Directions: South of Huron Street, east of Johnson Avenue, North of Orchard Lake Road, on westside of Palmer Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $164,999
  • Price Per SqFt: $123/SqFt

Tax Information:

  • Annual Amount: $950
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Pontiac, MI.

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Pontiac, MI

City

Med. Sold Price

$134.9K

Med. Price/SqFt

$118

Avg. Days On Market

38

# of Sold Homes

42

88 Palmer St vs Pontiac

73 DAYS ON ROCKET

+35 Days

$164,999

+$30K More

$123/SqFt

+$5 More

KEY TAKEAWAY

This property is $30K more than the Median Sold Price and $5/SqFt more than other homes in Pontiac, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240008975

Listing Office:

  • Office Name: Select Real Estate Professionals
  • Office Phone: (586) 226-4477
  • Listing Agent: Christopher Cichocki

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 6:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 04, 2013Home Sold
$10,200

Tax History

YEARPROP. TAXASSESSMENT
2021$950$26,250
2020$869$23,440
2018$795$18,840
2017$777$17,740

History based on county public records data.

Payment Calculator

$891

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$561

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2510434
2
/10

  • Whitmer Human Resource Center

  • 60 Parkhurst St

  • 1.04 miles

  • Public District Grades KG-6

High School

school-card-donut-2510435
2
/10

  • Pontiac High School

  • 1051 Arlene Ave

  • 2.95 miles

  • Public District Grades 10-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,988. Typical income of Pontiac, MI residents is less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Oakland County›Pontiac›48341›88 Palmer St

This home is located at 88 Palmer St in Pontiac, MI and zip code 48341. This 1,346 square foot home, which was built in 1900, sits on a 0.07 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since February 15, 2024 and is currently priced at $164,999.

In March 2024 more than 14 listings in Pontiac, MI were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 16 were sold below. In March 2024 in Pontiac, MI there were 1.2% less homes for sale than in February 2024. While the average time on the market in March 2024 was 38 days, the median list price was $134,933.

From Rocket Homes Real Estate and based on county public records data.

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