18 days on rocket

1501 Alter Rd, Detroit, MI, 48215

$140,000

Home List Price

$1,663*

Closing Credit

4 Bedrooms
1 Full Bath
1,374 SqFt
$102/SqFt
House

Location

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1501 Alter Rd, Detroit$140,000

Buyer Closing Credits

$1,663*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1920
HeatingForced Air
BasementYes
MLS #24054929
Lot Size0.06 Acres
StatusActive

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1920
  • Stories: 1
  • Living Area: 1,374 SqFt

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (248) 886-4450
  • Listing Agent: Alaysia Means

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Kercheval and Alter Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $140,000
  • Price Per SqFt: $102/SqFt

Tax Information:

  • Annual Amount: $316
  • Tax Year: 2021
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Housing Market Comparison

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

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

1501 Alter Rd vs Detroit

18 DAYS ON ROCKET

-27 Days

$140,000

+$55K More

$102/SqFt

+$28 More

KEY TAKEAWAY

This property is $55K more than the Median Sold Price and $28/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24054929

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (248) 886-4450
  • Listing Agent: Alaysia Means

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 6:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$316$5,780
2020$311$8,700
2018$311$6,500
2017$311$6,700

History based on county public records data.

Payment Calculator

$766

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$486

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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.

Nearby Schools

school-card-donut-1963875
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 0.42 miles

  • Public District Grades KG-5

school-card-donut-1963876
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 2.44 miles

  • Public Charter Grades KG-5

school-card-donut-1963877
1
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 3.71 miles

  • Public Magnet Grades 4-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,116. The majority of Detroit, MI residents have income less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1501 Alter Rd

What is the listing price of this property?

The listing price of 1501 Alter Rd property is $140,000.

What type of property is this?

The property 1501 Alter Rd is a house located in Detroit, Michigan, 48215.

Is this property for sale now?

Active Listing: 1501 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 $316 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1501 Alter Rd has 4 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1501 Alter Rd is 1,374 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1501 Alter Rd is 1920.

Rocket Homes›Michigan›Wayne County›Detroit›48215›1501 Alter Rd

This home is located at 1501 Alter Rd in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 1,374 square foot home, which was built in 1920, sits on a 0.06 acre lot. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $140,000.

Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 sold below. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 2024. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.

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

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