new - 2 days on rocket

440 Alter Rd, Detroit, MI, 48215

$315,000

Home List Price

$3,741*

Closing Credit

3 Full Baths
1,620 SqFt
$194/SqFt
Multi

Location

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440 Alter Rd, Detroit$315,000

Buyer Closing Credits

$3,741*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarages, On Street
Year Built1956
HeatingNatural Gas, Forced Air
CoolingCeiling Fan(s), Central Air
BasementYes
MLS #20240085732
Lot Size0.16 Acres
StatusActive

About 440 Alter Rd

Jefferson-Chalmers House Hack-ready brick duplex, the upper flat already with a tenant in place, and income producing. This versatile residence is also ideal for investors looking for a stable and well-maintained home. The main floor offers a welcoming living room with a natural fireplace and pewabic tile, a pristine, vintage kitchen, two bedrooms, and a full bath; newer LVP runs throughout the first floor. The second-floor unit includes two additional bedrooms, a full bath, a second living room, and a kitchen renovated in 2022, LVP throughout, plus a screened balcony looking into Grosse Pointe. Separate rear entrances provide privacy for each level, enhancing rental potential. Recently updated, the home boasts a newer roof, vinyl windows, basement glass block windows, a fully brick exterior, dual furnaces and central AC installed in 2022, a shared hot water tank (2022), and separate electrical panels (2022). Additional features include a fenced backyard, garage with opener, and a partially-finished basement with full bath. Located in the Historic Jefferson-Chalmers District, with parks, boat access, dining at the end of the street, and easy access to the Detroit River, Lake St. Clair, Downtown Detroit, and the Grosse Pointes.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1956
  • Stories: 2
  • Living Area: 1,620 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
  • Office Phone: (313) 658-6400
  • Listing Agent: Jan Dijkers

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Laundry Facility

Bedroom and Bathroom Information:

  • Full Bathrooms: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Private Entry, Fenced

Parking Information:

  • Parking: Garages, On Street

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: South on Alter / East of Jefferson

Price Information

Listing Price Info

Price Summary:

  • List Price: $315,000
  • Price Per SqFt: $194/SqFt

Tax Information:

  • Annual Amount: $829
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

440 Alter Rd vs Detroit

2 DAYS ON ROCKET

-43 Days

$315,000

+$230K More

$194/SqFt

+$120 More

KEY TAKEAWAY

This property is $230K more than the Median Sold Price and $120/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240085732

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
  • Office Phone: (313) 658-6400
  • Listing Agent: Jan Dijkers

IDXDisclaimer: 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.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:20:52 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$829$26,500
2020$1,423$23,100
2018$1,423$15,300
2017$1,467$15,600

History based on county public records data.

Payment Calculator

$1,640

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,011

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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-439375
6
/10
  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.08 miles

  • Public District Grades KG-5

school-card-donut-439376
1
/10
  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 3.25 miles

  • Public Charter Grades KG-5

school-card-donut-439377
1
/10
  • Wayne Elementary School

  • 10633 Courville St

  • 3.50 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,615. The most common annual income of people living in Detroit, MI is less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket Homes›Michigan›Wayne County›Detroit›48215›440 Alter Rd

This home is located at 440 Alter Rd in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 1,620 square foot home, which was built in 1956, sits on a 0.16 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $315,000.

In October 2024 more than 125 listings in Detroit, MI were sold above the asking price. During the same period more than 93 listings were sold at asking price, while more than 257 were sold below. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 2024. In October 2024 median list price was $85,000 and the average listing age was 45 days.

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

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