NOT LISTED FOR SALE

5520 Alter Rd Detroit, MI 48224

Morningside Neighborhood

Estimated Value: $85,379 - $89,000

3 Beds
1 Bath
1,064 Sq Ft
$82/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $63,000 $59 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $641/month

Highlights

  • Ranch Style House
  • Wood Flooring
  • Fenced Yard
  • Cass Technical High School Rated 10
  • Formal Dining Room
  • 4-minute walk to Corrigan Playground

About This Home

As of October 2021

CALLING ALL INVESTORS!!! Currently, tenant occupied! This 3-bed bungalow is a great opportunity! This home features hardwood flooring, a spacious dining room, a bright and airy living room, a full bath, and 1 bedroom on the main level! Upstairs are two more bedrooms and the basement has been partially finished! You'll find a 2 car detached garage in the fenced backyard! Minutes from Chandler Park, Wayne County Family Aquatic Center, Wayne County Community College, and freeway access!

Last Agent to Sell the Property

Aaron Wright

Realteam Real Estate License #MISPE-6501427019 Listed on: 08/25/2021

Realteam Real Estate

Co-Listed By

Andrea Ramirez

Realteam Real Estate License #MISPE-6501404436

Last Buyer's Agent

Shelby Zawalski

Realty Executives Home Towne Chesterfield License #MISPE-6501431824

Realty Executives Home Towne Chesterfield

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1950

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x113
  • Fenced Yard

Parking

  • 1 Car Detached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,064 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Formal Dining Room
  • Wood Flooring
  • Basement
  • Fireplace in Basement
  • Laundry on lower level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Wallace Frank B Alter Road Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 21062958.

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,456

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type: Investment
  • Type Of Property: Single Family
  • Architecture Style: Ranch
  • Structure Style: 1 Story
  • Total Tax Amount: 1456
  • Total Tax Year: 2020
  • Year Built: 1950
  • Mail City: Detroit
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Hardwood Floors
  • Fireplace: Yes
  • Fireplaces: Basement Fireplace
  • Basement: Yes
  • Bedrooms: 3
  • Bedroom 1: On 1st Floor, Dimensions: 12 x 10
  • Bedroom 2: On Upper Floor, Dimensions: 9 x 8
  • Bedroom 3: On Upper Floor, Dimensions: 10 x 10
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Bathroom 1: On Level: Entry
  • Room Types: First Floor Bedroom, Living Room, Lower Level Laundry, First Flr Full Bathroom, Formal Dining Room
  • Kitchen: On Entry Level, Dimensions: 10 x 10
  • Living Room: On Entry Level, Dimensions: 10 x 10
  • Below Grade Sq Ft: 1040
  • Above Grade Finished Sq Ft: 1064
  • Total Finished Sq Ft: 1064

Exterior Features

  • Exterior: Brick
  • Exterior Features: Fenced Yard, Sidewalks
  • Foundation: Basement
  • Frontage: 40
  • Road: Curbed, Paved Street

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 1
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Cooling: Ceiling Fan(s)

Lot Info

  • Assessor Parcel Number: 21062958.
  • Zoning: Residential
  • Lot Dimensions: 40x113
  • Acreage: 0.11
  • Geo Subdivision: MI
  • Site/Lot Features: Sidewalks, Sidewalks

Tax Info

  • Summer Tax: Year: 2020, Amount: $1,326.00
  • Winter Tax: Year: 2020, Amount: $130.00
  • Total Tax: Year: 2020, Amount: $1,456.00

MLS Schools

  • School District: Detroit City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Oct 29, 2021
Sold by
Maton India S
Bought by
Holcomb Adrian Ryan
Seller's Agent
Aaron Wright
Realteam Real Estate
Buyer's Agent
Shelby Zawalski
Realty Executives Home Towne Chesterfield
List Price
$70,000
Sold Price
$63,000
Premium/Discount to List
-$7,000
-10%
Current Estimated Value
$87,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,345
Avg. Annual Appreciation
8.62%
Original Mortgage
$53,550
Outstanding Balance
$48,994
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$38,351

Purchase Details

Closed on
Apr 15, 2015
Sold by
Hayes Demetrius
Bought by
Maton India S

Purchase Details

Closed on
Feb 12, 2011
Sold by
Maton India S
Bought by
Hayes Demetrius

Purchase Details

Closed on
Jul 20, 2006
Sold by
Booker Alicia
Bought by
Maton India S

Purchase Details

Closed on
Sep 24, 2004
Sold by
Mortgage Electronic Registration Systems
Bought by
Jpmorgan Chase Bank

Purchase Details

Closed on
Sep 22, 2004
Sold by
Kirk George
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Oct 17, 2003
Sold by
Elijah Teresa
Bought by
Kirk George
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
Holcomb Adrian Ryan $63,000 Visionary Title Agency Llc
Maton India S -- None Available
Hayes Demetrius $6,000 Title Connect Llc
Maton India S $120,000 Tri County Title Agency Inc
Jpmorgan Chase Bank -- --
Mortgage Electronic Registration Systems $93,500 --
Kirk George $120,000 Tri-County Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holcomb Adrian Ryan $53,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2021 10/29/21 Sold $63,000 -10.0% $59 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $70,000 -- $66 / Sq Ft
Source: Michigan Multiple Listing Service

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 $2,125 $36,800 $0 $0
2024 $2,125 $30,100 $0 $0
2023 $2,065 $23,700 $0 $0
2022 $2,312 $23,700 $0 $0
2021 $1,456 $19,000 $0 $0
2020 $1,456 $17,500 $0 $0
2019 $1,433 $15,700 $0 $0
2018 $1,254 $14,000 $0 $0
2017 $245 $12,900 $0 $0
2016 $1,468 $14,500 $0 $0
2015 $1,450 $14,500 $0 $0
2013 $2,034 $20,343 $0 $0
2010 -- $29,826 $847 $28,979
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Aaron Wright

    Realteam Real Estate

    Section Image
  • Andrea Ramirez

    Seller Co-Listing Agent in 2021

    Andrea Ramirez

    Realteam Real Estate

    (248) 390-5631

    3 in this area

    228 Total Sales

    Andrea Ramirez
    Section Image

  • S

    Buyer's Agent in 2021

    Shelby Zawalski

    Realty Executives

    Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50053041

Michigan Multiple Listing Service

APN: 21-062958

Michigan Wayne County Detroit 48224 Morningside

5520 Alter Rd, Detroit, MI

This home is located at 5520 Alter Rd, Detroit, MI 48224 since 25 August 2021 and is currently estimated at $87,345, approximately $82 per square foot. This property was built in 1950. 5520 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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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