Exciting development opportunity in the rapidly appreciating East Side, abutting booming Grosse Pointe Park! 30' x 101' Buildable lot neighboring a second 30' x 101' buildable lot that can be acquired from the Detroit Land Bank creating 60' ft of frontage! Ideal for single or multi family development in a highly walkable location steps from the best dining, shipping, and nightlife on Kercheval Avenue! Numerous large scale mix use developments breaking ground in close vicinity to this affordable low barrier for entry opportunity! Walk to neighborhood favorites such as Lucky Detroit Coffee, Detroit Barber Co., 313 Wine Bar, Le Rouge Bakery, Coriander Farm & Kitchen, Atwater Brewery, Howlers & Growlers, POST Detroit, Leaf & Blossom, Mimi's, Norma G's, and much more!
Property Details
Property Features
Listing Office:
Office Name: Jim Saros Real Estate Services
Office Phone: (313) 886-9030
Listing Agent: Ryan Berns
Interior Features
Interior Information:
Basement: No
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 3
Exterior Features
Parking Information:
Attached Garage: No
Parking: AlleyAccess
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Other
Directions Information:
Directions: Jefferson to Alter
Price Information
Listing Price Info
Price Summary:
List Price: $15,000
Tax Information:
Annual Amount: $539
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $70K less than the Median Sold Price in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20230007123
Listing Office:
Office Name: Jim Saros Real Estate Services
Office Phone: (313) 886-9030
Listing Agent: Ryan Berns
Disclaimer: 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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$142
Per Month
Principal & Interest
$75
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$111
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
George Defer Elementary School
15425 Kercheval Ave
Distance between this listing and this school0.41 miles
Public District Grades KG-5
1
/10
Marvin L Winans Academy Elementary School
9740 McKinney St
Distance between this listing and this school2.48 miles
Public Charter Grades KG-5
1
/10
Wayne Elementary School
10633 Courville St
Distance between this listing and this school2.70 miles
Public District Grades PK-5
Nearby Schools
3
/10
Detroit Merit Charter Academy
1091 Alter Rd
Distance between this listing and this school0.15 miles
Public Charter Grades KG-8
9
/10
Pierce Middle School
15430 Kercheval Ave
Distance between this listing and this school0.37 miles
Public District Grades 6-8
2
/10
Carstens Elementary-Middle School
13000 Essex Ave
Distance between this listing and this school1.06 miles
Public District Grades PK-8
Nearby Schools
4
/10
Davis Aerospace Technical High School at Golightly
900 Dickerson St
Distance between this listing and this school0.76 miles
Public District Grades 9-12
2
/10
Pathways Academy
11340 E Jefferson Ave
Distance between this listing and this school1.71 miles
Public Charter Grades 7-12
3
/10
Southeastern High School
3030 Fairview St
Distance between this listing and this school1.90 miles
The neighbors living near this home have an average income of $33,116. Residents of Detroit, MI typically earn less than $35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1344 Alter Rd
What is the listing price of this property?
The listing price of 1344 Alter Rd property is $15,000.
What type of property is this?
The property 1344 Alter Rd is land located in Detroit, Michigan, 48215.
Is this property for sale now?
Active Listing: 1344 Alter Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $539 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1344 Alter Rd in Detroit, MI and zip code 48215 in the Lower East neighborhood. This home sits on a 0.07 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 02, 2023 and is currently priced at $15,000.
While more than 94 listings in Detroit, MI in November 2024 were sold above asking price, there were more than 55 listings sold at asking price, and more than 247 were sold below. The inventory of homes for sale in Detroit, MI between October 2024 and November 2024 increased by 2%. Listings spent 49 days on the market in November 2024, and had a median list price of $85,016 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: 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. 
UFC
UFC
Soccer
Figure Skating
Family Dollar
Forever 21
Express/Express For Men
Burger King
Dominos Pizza
Church's Chicken
Buick
Mazda
Cadillac
Urban Contemporary
Rhythmic Contemporary Hits
Jazz