524 Luther Avenue

About this home

Great opportunity for first-time buyers or investors! This updated 2-bedroom, 1-bath home is move-in ready and offers a smart alternative to renting. Enjoy neutral newer paint throughout, easy-care luxury vinyl plank flooring, and a functional layout designed for comfortable everyday living. The home includes all kitchen appliances, plus the washer and dryer, making it even easier to settle in or prepare for your next rental opportunity. Whether you are ready to stop renting and start building equity, or you are looking to add to your investment portfolio, this home is worth a look. Sold “As-Is.”

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Pontiac

Over the last 90 days, 117 homes sold in Pontiac for a median of $147,200, about $107 per square foot, and the typical one went under contract in 16 days. This home is listed at $85,000, or $131 per square foot, 22% above the city median, and has been on the market 187 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Pontiac sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $661 a year. A buyer who lives here would pay about $404 to $1,647 a year once the taxable value resets after the sale, at the 2025 homestead rate of 38.37 mills for Pontiac City and Pontiac schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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