new - 3 days on rocket

5530 Alter Rd, Detroit, MI, 48224

$125,000

Home List Price

$1,484*

Closing Credit

5 Bedrooms
3 Full Baths, 1 Partial
2,512 SqFt
$50/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

5530 Alter Rd, Detroit$125,000

Buyer Closing Credits

$1,484*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingTwoCarGarage, Detached, Driveway, GarageFacesFront
Garage2 spaces
Year Built1938
HeatingForced Air, Natural Gas
BasementYes
MLS #20240093046
Lot Size0.11 Acres
StatusActive

About 5530 Alter Rd

Welcome to this fully gem in the desirable 48224 zip code! This property offers incredible potential, featuring 5 spacious bedrooms (3 on the first floor and 2 upstairs), 3 full bathrooms, and a convenient half bath in the basement. With separate living and dining rooms on both floors, this home provides ample space and privacy to be coverted in to a multi-family home. Recent upgrades include a brand-new roof and new gutters (11/2024), ensuring peace of mind for years to come. This property offers a spaciuos layout with a fireplace on the first floor, a spacious basement with two extra rooms, perfect for extra storage or workspace, and the 2-car garage offers additional value with some rehab needed. Whether if you are looking to flip or hold for long-term rental income, this property offers endless possibilities, this will be a great investment situated in a beautiful neighborhood. Don’t miss this incredible opportunity – submit your offer today! This property is ready to generate rental income or serve as a fantastic owner-occupied home. Schedule a showing now and make it yours!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1938
  • Living Area: 2,512 SqFt

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Tekeila Steen

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: TwoCarGarage, Detached, Driveway, GarageFacesFront

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Before Skateland coming from I94

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000
  • Price Per SqFt: $50/SqFt

Tax Information:

  • Annual Amount: $1,885
  • Tax Year: 2021
House and calculator

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.

Map thumbnail provided by MapBox

Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

5530 Alter Rd vs Detroit

3 DAYS ON ROCKET

-46 Days

$125,000

+$39.9K More

$50/SqFt

-$18 Less

KEY TAKEAWAY

This property is $39.9K more than the Median Sold Price and $18/SqFt less 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: #20240093046

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Tekeila Steen

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: 12/21/2024, 8:21:07 PM 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$1,885$28,800
2020$1,136$26,500
2018$1,136$20,700
2017$1,133$19,100

History based on county public records data.

Payment Calculator

$691

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

Powered By

Rocket Mortgage

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-777215
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 1.00 miles

  • Public Charter Grades KG-5

school-card-donut-777216
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 1.03 miles

  • Public District Grades PK-5

school-card-donut-777217
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.57 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,038. Most Detroit, MI residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5530 Alter Rd

What is the listing price of this property?

The listing price of 5530 Alter Rd property is $125,000.

What type of property is this?

The property 5530 Alter Rd is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 5530 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 $1,885 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5530 Alter Rd has 5 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 5530 Alter Rd is 2,512 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5530 Alter Rd is 1938.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5530 Alter Rd

This home is located at 5530 Alter Rd in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 2,512 square foot home, which was built in 1938, sits on a 0.11 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $125,000.

In November 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 55 listings were sold at asking price, while 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.

More Resources