NOT LISTED FOR SALE

5242 Alter Rd Detroit, MI 48224

Morningside Neighborhood

Estimated Value: $93,000 - $153,000

3 Beds
1 Bath
1,169 Sq Ft
$109/Sq Ft Est. Value

Last Sold October 05, 2021

Last sale price $126,000 $108 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $869/month

47 Days on Market

Highlights

  • No HOA
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Bungalow
  • 2-minute walk to Corrigan Playground

About This Home

As of October 2021

Totally rehabbed 3 BR, 1 BA brick bungalow in Detroit's Morningside neighborhood and the prized 48224 zip code! New flooring throughout. Updated vinyl windows. Freshly painted. New kitchen appliances, furnace and water heater will be installed prior to closing. Natural / wood-burning fireplace. New front porch. Fenced-in yard with new sod recently installed! Easy access to I-94 and downtown Detroit. Two car detached garage. Large public park across the street with walking path, kids playground, covered picnic areas. One block (4 minute walk) from nearest fire station. Close to East Warren Avenue and Mack Avenue redevelopment efforts, bike paths, thousands of jobs at Stellantis / FCA / Chrysler automotive factories, Chandler Park (one of the largest public parks and only public golf course in the City of Detroit!). Seller is willing to install central A/C for the right offer.

Last Agent to Sell the Property

Ryan Lally

KW Grosse Pointe License #6501398300 Listed on: 07/23/2021

KW Grosse Pointe

Last Buyer's Agent

Kathleen Kelchner

Oak and Stone Real Estate License #RCO-6501399490

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1950 | Remodeled in 2021

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00x125.00

Parking

  • 2 Car Detached Garage

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,169 Sq Ft Home
  • 1.5-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Abbott & Beymers Sunderland Pk Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I062937C8

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,612

Year Built

Built in 1950 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1950
  • State Equalized Value: 15500.0000
  • Year Renovated: 2021
  • Entry Location: Ground Level w/Steps
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Living Room
  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1169
  • Total Sq Ft: 1169
  • Sq Ft Total Bsmt: 944

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00X125.00
  • Parcel Number: W21I062937C8

Tax Info

  • Tax Amount Summer: 1465.0000
  • Tax Amount Winter: 147.0000
  • Total Tax: 1612.0000
  • Taxable Value: 15500.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Oct 1, 2021
Sold by
Oroshaj Leko
Bought by
Fox Alise
Seller's Agent
Ryan Lally
KW Grosse Pointe
Buyer's Agent
Kathleen Kelchner
Oak and Stone Real Estate
List Price
$129,900
Sold Price
$126,000
Premium/Discount to List
-$3,900
-3%
Current Estimated Value
$128,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,494
Avg. Annual Appreciation
0.47%
Original Mortgage
$119,700
Outstanding Balance
$110,333
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$17,975

Purchase Details

Listed on
Mar 9, 2021
Closed on
Apr 29, 2021
Sold by
Residential Investments Group Llc
Bought by
Oroshaj Leko
Seller's Agent
Mikhail Grigoryan
Detroit Progress Realty LLC
Buyer's Agent
Mikhail Grigoryan
Detroit Progress Realty LLC
List Price
$54,000
Sold Price
$45,000
Premium/Discount to List
-$9,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1060.54%

Purchase Details

Closed on
Jan 14, 2019
Sold by
Jackson Rayford
Bought by
Residential Investments Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 6, 2018
Sold by
Wayne County Treasurer
Bought by
Jackson Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 2, 2016
Sold by
Davis Tracie
Bought by
Polk Llanetta

Purchase Details

Closed on
Nov 16, 2012
Sold by
Wayne County Treasurer
Bought by
Davis Tracie
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fox Alise $126,000 None Available
Oroshaj Leko $45,000 None Available
Residential Investments Group Llc -- None Available
Jackson Raymond $17,001 None Available
Polk Llanetta $1,000 None Available
Davis Tracie $1,100 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fox Alise $119,700
Previous Owner Residential Investments Group Llc $250,000
Previous Owner Polk Lewis E $55,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2021 10/05/21 Sold $126,000 +0.9% $108 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
08/13/2021 08/13/21 Price Changed $124,900 -3.8% $107 / Sq Ft
07/23/2021 07/23/21 For Sale $129,900 +188.7% $111 / Sq Ft
05/03/2021 05/03/21 Sold $45,000 -16.7% $38 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $54,000 -- $46 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,911 $32,700 $0 $0
2024 $1,911 $26,700 $0 $0
2023 $1,495 $21,000 $0 $0
2022 $1,714 $21,000 $0 $0
2021 $1,612 $16,800 $0 $0
2020 $1,612 $15,500 $0 $0
2019 $1,085 $14,200 $0 $0
2018 $930 $12,500 $0 $0
2017 $218 $11,500 $0 $0
2016 $1,610 $16,200 $0 $0
2015 $1,620 $16,200 $0 $0
2013 $1,890 $18,904 $0 $0
2010 -- $27,716 $712 $27,004
Source: Public Records

Agents Affiliated with this Home

  • Ryan Lally

    Seller's Agent in 2021

    Ryan Lally

    KW Grosse Pointe

    (313) 288-0434

    18 in this area

    174 Total Sales

    Section Image
  • Mikhail Grigoryan

    Seller's Agent in 2021

    Mikhail Grigoryan

    Detroit Progress Realty LLC

    (313) 888-6060

    6 in this area

    380 Total Sales

    Section Image
  • Kathleen Kelchner

    Buyer's Agent in 2021

    Kathleen Kelchner

    Oak and Stone Real Estate

    (586) 709-7538

    1 in this area

    57 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 2210054888

Realcomp

APN: 21-0629378

Michigan Wayne County Detroit 48224 Morningside

5242 Alter Rd, Detroit, MI

This home is located at 5242 Alter Rd, Detroit, MI 48224 since 23 July 2021 and is currently estimated at $126,900, approximately $108 per square foot. This property was built in 1950. 5242 Alter Rd is a home located in Wayne County with nearby schools including Ronald Brown Academy, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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