1 month on rocket

532 Alter Rd, Detroit, MI, 48215

$225,000

Home List Price

$2,672*

Closing Credit

2 Full Baths, 1 Partial
1,797 SqFt
$125/SqFt
Multi

Location

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532 Alter Rd, Detroit$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1955
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
MLS #20240078750
Lot Size0.16 Acres
StatusActive

About 532 Alter Rd

Welcome to 532-534 Alter Rd. A meticulously maintained and updated duplex on a highly sought after street with very few properties coming to market. Lower unit is 2 beds and 1 bath and upper unit is 1 bed and 1 bath. Units boast refinished hardwood floors, updated kitchens, and clean and well maintained bathrooms. Other upgrades include vinyl windows, newer furnace and hot water heater, central air, updated electrical, keypad access to property and units, 2 car garage with power, and french drainage system in basement. Both units are rented to short term tenants - lower through 12/31 and upper through 11/5. Schedule showing today, this one will not last long.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1955
  • Stories: 2
  • Living Area: 1,797 SqFt

Listing Office:

  • Office Name: Jim Saros Real Estate Services
  • Office Phone: (313) 886-9030
  • Listing Agent: Peter N Maniaci

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: S of Jefferson E side of Alter

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $125/SqFt

Tax Information:

  • Annual Amount: $2,275
  • 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

532 Alter Rd vs Detroit

34 DAYS ON ROCKET

-11 Days

$225,000

+$140K More

$125/SqFt

+$51 More

KEY TAKEAWAY

This property is $140K more than the Median Sold Price and $51/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: #20240078750

Listing Office:

  • Office Name: Jim Saros Real Estate Services
  • Office Phone: (313) 886-9030
  • Listing Agent: Peter N Maniaci

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: 11/21/2024, 10:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 13, 2019Home Sold
$112,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,275$26,500
2020$1,328$23,000
2018$1,328$16,600
2017$1,322$16,900

History based on county public records data.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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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-264892
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 0.95 miles

  • Public District Grades KG-5

school-card-donut-264893
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 3.12 miles

  • Public Charter Grades KG-5

school-card-donut-264894
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 3.36 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,400. The majority of Detroit, MI residents have income less than $35k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48215›532 Alter Rd

This home is located at 532 Alter Rd in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 1,797 square foot home, which was built in 1955, sits on a 0.16 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $225,000.

While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. In October 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $85,000.

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

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