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Pontiac 48341 Pontiac
389 Central Ave
$20,000
● House - Off Market

389 Central Ave

Pontiac, MI 48341
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,580 Ft²
$39,604
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model

About This Property

Incredible opportunity to own a home with minimal monthly payments! First floor master and bath. Private second bedroom on the upper level. Plenty of closet and storage space. Cute front porch. Plus, a great fenced in yard perfect for a dog or entertaining!
Unit Size
1,580 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$16
Property Type
House
Property Taxes
$170
HOA Dues
-
Year Built
1910

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #23123336)

Price History

Date / Event Date Event Price
Apr 29, 2019 Sold
Premium
Sold
Jan 11, 2018 Sold
Premium
Sold
Dec 12, 2017 Sold
Premium
Sold
Aug 30, 2017 Listed by Casablanca Real Estate LLC $25,000
Listed by Casablanca Real Estate LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 125
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 702
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,271
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 350
  • Total Building Area: 878
  • Building Area: 878
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 878
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUB
  • Land Acres: 0000000121
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: T3N, R10E, SEC 33 SUB OF LOTS 235, 236, 237, 238, 239, 240, 241, 247, 248 & S 1/2 OF LOT 246 & W 150 FT OF N 1/2 OF LOT 246 &

Neighborhood

  • School District Name: Pontiac City School District
  • School Tax School District: 63030
  • Census Tract: 142400

Zoning

  • Zoning: RI

Geography

  • District: 64
  • Parcel: 64-14-33-454-032
  • Lot: 246
  • Meridian: SEC 33 TWN 03N RNG 10E
  • Municipality: PONTIAC CITY
  • Latitude: 42.6217
  • Longitude: -83.2731

    Address

  • Full Address: 389 Central Ave
  • Address - House Number: 389
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Pontiac
  • Carrier Code: C055
  • 4-Digit Zip Code: 3207
  • Zip Code: 48341

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $73,805
  • Initial Tax Delinquent Year: 2015

    Appraisal Valuation

  • Standard Deviation: 0.21
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 71
  • Final Value: 49,513
  • High Value: 59,913
  • Low Value: 39,114

    Market Valuation

  • Market Total Value: $34,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,140

    Sales

  • Current Sale Contract Date: Apr 25, 2019
  • Current Sale Recording Date: Apr 29, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 66097
  • Previous Sale Recording Date: Jan 11, 2018
  • Previous Sale Contract Date: Dec 12, 2017
  • Previous Sale Amount: $20,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Pontiac

Stats & Trends

Median Asking:

$139,900

Sale Price/ft²

$127

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1549 ft²

Average Home Age

51.2 years

Currently For Sale

12 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: Erica Trossen, Casablanca Real Estate LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23123336
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 389 Central Avenue built and last sold?
The property at 389 Central Avenue was built in 1910 and last sold on Apr 25, 2019 for $25,000.
How much is this home worth?
The estimated value of the home located at 389 Central Avenue is $0.
What are some comparable homes to 389 Central Avenue?
There are currently no comparable homes to 389 Central Avenue.
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