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Sold for $377,500
  • $377,500

    27 Palmer St, Pontiac, MI 48341

    8beds
    3,425sqft
    Multi Family
    Built in 1931
    -- sqft lot
    $372,700 Zestimate®
    $110/sqft
    $1,075 Estimated rent

    Home value

    $372,700

    $328,000 - $432,000

    $1,075/mo

    Zestimate® history
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    What's special

    *Multiple offers received* Highest & best offers are due by 8 am on Monday 03/04/2024. Discover the perfect blend of historical charm and modern sophistication with this meticulously renovated 4-unit multifamily home, situated in the heart of Pontiac's prestigious Franklin Boulevard Historic District. This exceptional property represents a rare investment opportunity. Each of the four units, approximately 700 sqft each have been updated with luxurious finishes including durable laminate flooring, elegant granite countertops, and sophisticated marble tiling in the bathrooms. The inclusion of all new appliances in each unit adds significant value, ensuring convenience and efficiency for everyday living. Additionally, the basement features four brand new furnaces, water heaters, and electrical panels, representing a major upgrade to the property’s infrastructure for safety and functionality. An attractive aspect of this investment is the potential for each unit to bring in approximately $1,300 in rent monthly, offering a strong income stream for the prospective owner. This projected rental income underscores the property's significant investment potential, bolstered by its prime location, luxurious updates, and modern amenities. Don't miss this rare opportunity to own or invest in a piece of Pontiac's history with all the modern upgrades, providing an unmatched value and potential for any investor.

    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher Hubel 947-414-0378,

    Good Company

    Bought with:

    Christopher Hubel, 6501406271

    Good Company

    Source: Realcomp II,MLS#: 20240011456MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 1
    • Full bathrooms: 4
    Heating
    • Forced Air, Natural Gas
    Features
    • Basement: Common,Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 3,425 sqft
    • Finished area above ground: 3,425

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 3,920 sqft
    • Dimensions: 80 x 150
    Details
    • Parcel number: 1429358008
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    Materials
    • Asbestos
    • Foundation: Basement, Block
    Condition
    • New construction: No
    • Year built: 1931

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Pontiac
    • Subdivision: FOREST LAWN ADD

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    7/5/2026Listing removed$1,050
    Source: Zillow Rentals Report a problem
    6/1/2026Price change$1,050-4.5%
    Source: Zillow Rentals Report a problem
    4/21/2026Price change$1,100-2.2%
    Source: Zillow Rentals Report a problem
    4/11/2026Price change$1,125-2.2%
    Source: Zillow Rentals Report a problem
    4/1/2026Listed for rent$1,150
    Source: Zillow Rentals Report a problem
    12/15/2025Listing removed$1,150
    Source: Zillow Rentals Report a problem
    10/28/2025Listed for rent$1,150
    Source: Zillow Rentals Report a problem
    9/3/2025Listing removed$1,150
    Source: Zillow Rentals Report a problem
    9/2/2025Price change$1,150-8%
    Source: Zillow Rentals Report a problem
    7/14/2025Listed for rent$1,250
    Source: Zillow Rentals Report a problem
    9/14/2024Listing removed$1,250
    Source: Zillow Rentals Report a problem
    6/21/2024Listed for rent$1,250
    Source: Zillow Rentals Report a problem
    6/9/2024Listing removed--
    Source: Zillow Rentals Report a problem
    3/28/2024Listed for rent$1,250+4.2%
    Source: Zillow Rentals Report a problem
    3/22/2024Sold$377,500+7.9%$110/sqft
    Source: Realcomp II #20240011456 Report a problem
    3/4/2024Pending sale$350,000$102/sqft
    Source: Realcomp II #20240011456 Report a problem
    2/29/2024Listing removed--
    Source: Zillow Rentals Report a problem
    2/27/2024Price change$1,200-7.7%
    Source: Zillow Rentals Report a problem
    2/26/2024Listed for sale$350,000+133.3%$102/sqft
    Source: Realcomp II #20240011456 Report a problem
    2/16/2024Price change$1,300-7.1%
    Source: Zillow Rentals Report a problem
    1/29/2024Listed for rent$1,400
    Source: Zillow Rentals Report a problem
    7/24/2008Sold$150,000+59.6%$44/sqft
    Source: Public Record Report a problem
    1/9/2008Sold$94,000-46.2%$27/sqft
    Source: MiRealSource #325233 Report a problem
    10/31/2006Sold$174,741-10.4%$51/sqft
    Source: Public Record Report a problem
    1/21/2004Sold$195,000+143.8%$57/sqft
    Source: Public Record Report a problem
    11/6/2002Sold$80,000$23/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,753 +6.4%$77,970 +13%
    2023$2,588 -62%$68,970 +21.6%
    2022$6,812 +47.4%$56,730 +17.4%
    2021$4,623 $48,320 +12.6%
    2020-- $42,920 +7.1%
    2019$11,154 +481.9%$40,070 +4.3%
    2018$1,917 $38,410 -0.9%
    2017-- $38,760 +9.6%
    2016-- $35,380 +7%
    2015-- $33,070 +4%
    2014-- $31,810 -75.2%
    2005$2,961 $128,260 +127%
    2003-- $56,490 +12.4%
    2002-- $50,270 +78.6%
    2001$1,743 +2.8%$28,150 +3.2%
    2000$1,696 $27,280

    Find assessor info on the county website

    Neighborhood: 48341

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $372,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $372,700