6 months on rocket

172 Alter Rd, Detroit, MI, 48215

$310,000

Home List Price

$3,681*

Closing Credit

2 Full Baths
2,152 SqFt
$144/SqFt
Multi
Schools Nearby

Location

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172 Alter Rd, Detroit$310,000

Buyer Closing Credits

$3,681*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarages
Year Built1966
HeatingNatural Gas, Forced Air
BasementYes
MLS #20230088833
Lot Size0.16 Acres
StatusActive

About 172 Alter Rd

This is a wonderful 4 bedroom, multi family home, and the perfect location for an Airbnb. Still owned by the original builder, the house sits across the street from Fox creek canal, and backs up to Grosse Pointe Park. A big plus is you're just 200 yards from Lake Saint Clair. If you're a boater, the launch is just 500 feet away. A current vacation rental around the corner is generating $700 per night. As well, no expense has been spared with the upgrades that include Crestline windows, granite countertops, custom cabinets in both the bathrooms and the kitchens, glass bowl sinks, walk in showers, central air, tankless water heaters, skylights, central air, complete insulation in all walls and ceilings, and much more. There is even a finished room in the basement, perfect for use as a small theatre. The newer roof, full copper plumbing and newer hvac, will provide you with maintenance free ownership for years to come. You have to see this one to appreciate the level of workmanship, so make your appointment today.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1966
  • Stories: 2
  • Living Area: 2,152 SqFt

Listing Office:

  • Office Name: Home Negotiators LLC
  • Office Phone: (313) 822-1708
  • Listing Agent: Phillip VanBuren

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Garages

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

School Info

Assigned Schools Information:

  • Grosse Pointe South High School, Public District Grades 9-12
  • Pierce Middle School, Public District Grades 6-8

Other

Directions Information:

  • Directions: Take Jefferson to Alter road, then South on Alter to the property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $310,000
  • Price Per SqFt: $144/SqFt

Tax Information:

  • Annual Amount: $1,873
  • 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

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

172 Alter Rd vs Detroit

197 DAYS ON ROCKET

+152 Days

$310,000

+$228.9K More

$144/SqFt

+$73 More

KEY TAKEAWAY

This property is $228.9K more than the Median Sold Price and $73/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: #20230088833

Listing Office:

  • Office Name: Home Negotiators LLC
  • Office Phone: (313) 822-1708
  • Listing Agent: Phillip VanBuren

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: 5/2/2024, 7:20:36 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$1,873$27,500
2020$1,775$23,800
2018$1,775$16,600
2017$1,823$16,900

History based on county public records data.

Payment Calculator

$1,615

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$996

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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.

Middle School

school-card-donut-4915534
5
/10

  • Pierce Middle School

  • 15430 Kercheval Ave

  • 1.43 miles

  • Public District Grades 6-8

High School

school-card-donut-4915535
8
/10

  • Grosse Pointe South High School

  • 11 Grosse Pointe Blvd

  • 2.51 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $116,544. Most Detroit, MI residents have annual incomes between $100k-200k. The majority of families are married, 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›172 Alter Rd

This home is located at 172 Alter Rd in Detroit, MI and zip code 48215. This 2,152 square foot home, which was built in 1966, sits on a 0.16 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since October 18, 2023 and is currently priced at $310,000.

Detroit, MI housing market in April 2024 saw over 94 listings sold above listed price, more than 89 sold at listed price and over 243 sold below. Between March 2024 and April 2024, Detroit, MI real estate market has seen increase in the number of listings by 12.7%. In April 2024 median list price was $81,036 and the average listing age was 45 days.

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

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