NOT LISTED FOR SALE

580 Alter Rd Detroit, MI 48215

Jefferson Chalmers Neighborhood

Estimated Value: $153,000 - $209,110

3 Beds
2 Baths
1,878 Sq Ft
$97/Sq Ft Est. Value

Last Sold January 08, 2021

Last sale price $135,000 $72 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,127/month

10 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Garage
  • 2-minute walk to Matthew C Patterson Park
  • Cass Technical High School Rated 10

About This Home

As of January 2021

Rare investment opportunity to acquire well maintained 2 unit property in the rapidly appreciating Jefferson Chalmers neighborhood! located south of Jefferson, this multifamily property is ready for tenants and features a large 2 bedrooms 1 full bath on the first floor with large master bedroom and huge eat in kitchen. The second floor features a large 1 bedroom apartment with sizable eat in kitchen and generous room sizes. Detached garage. Large lot. Separate gas and electric meters for each apartment, one water meter. Purchase for steady cash flow or live in one unit and rent out the other to cover carrying costs! Very strong rental market with quality tenants. Jefferson Chalmers has a long list of transformational projects in the works that make the neighborhood one of the most rapidly appreciating locations in all of Metro Detroit!

Last Agent to Sell the Property

Jimmy Saros

Jim Saros Real Estate Services License #6501398798 Listed on: 10/23/2020

Last Buyer's Agent

Steven Koski

Brookstone, Realtors LLC License #RCO-6501408726

Brookstone, Realtors LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1956

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50.00x135.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,878 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Parking

  • Garage
  • On-Street Parking
  • Off-Site Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W21I062666S

Community Details

Overview

  • 2 Units
  • Windmill Pointe Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,522

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1956
  • State Equalized Value: 17500.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Partially Finished
  • Sq Ft Combined: 2678
  • Sq Ft Lower Floor: 800
  • Total Sq Ft: 1878
  • Sq Ft Total Bsmt: 1200

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Garages, Off Site, On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 843750.0000
  • Lot Size Area: 0.16
  • Lot Dimensions: 50.00X135.00
  • Parcel Number: W21I062666S
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer
  • Monthly Rental Income: 1795

Tax Info

  • Tax Amount Summer: 1385.0000
  • Tax Amount Winter: 137.0000
  • Total Tax: 1522.0000
  • Taxable Value: 14494.0000

Multi Family

  • Gross Scheduled Income: 21540.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2024
Sold by
Alleyne Lionel V
Bought by
Alter Road Trust and Bklyn 1992 Llc
Current Estimated Value
$182,528

Purchase Details

Listed on
Oct 23, 2020
Closed on
Jan 7, 2021
Sold by
Eyk James R Vander
Bought by
Alleyne Lionel V
Seller's Agent
Jimmy Saros
Jim Saros Real Estate Services
Buyer's Agent
Steven Koski
Brookstone, Realtors LLC
List Price
$135,000
Sold Price
$135,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%
Original Mortgage
$101,250
Interest Rate
2.71%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Alter Road Trust -- None Listed On Document
Alter Road Trust -- None Listed On Document
Alleyne Lionel V $135,000 Chirco Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alleyne Lionel V $101,250
Previous Owner Vandereyk James $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2021 01/08/21 Sold $135,000 0.0% $72 / Sq Ft
11/03/2020 11/03/20 Pending -- -- --
10/23/2020 10/23/20 For Sale $135,000 0.0% $72 / Sq Ft
05/07/2014 05/07/14 Rented $1,150 -3.4% --
04/22/2014 04/22/14 Under Contract -- -- --
03/18/2014 03/18/14 For Rent $1,190 -- --
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 $1,535 $70,700 $0 $0
2024 $1,535 $48,600 $0 $0
2023 $1,490 $36,900 $0 $0
2022 $1,592 $34,600 $0 $0
2021 $1,547 $27,300 $0 $0
2020 $1,547 $23,700 $0 $0
2019 $1,523 $17,500 $0 $0
2018 $1,330 $16,100 $0 $0
2017 $263 $16,500 $0 $0
2016 $1,562 $13,700 $0 $0
2015 $1,370 $13,700 $0 $0
2013 $1,617 $16,165 $0 $0
2010 -- $23,700 $1,453 $22,247
Source: Public Records

Agents Affiliated with this Home

  • Jimmy Saros

    Seller's Agent in 2021

    Jimmy Saros

    Jim Saros Real Estate Services

    (313) 729-7857

    8 in this area

    239 Total Sales

    Section Image

  • S

    Buyer's Agent in 2021

    Steven Koski

    Brookstone, Realtors LLC

    (248) 963-0505

    1 in this area

    28 Total Sales

    Section Image

  • A

    Seller's Agent in 2014

    Allison Clegg

    Temporary Inactive Users

See All Agents

Map

Source: Realcomp

MLS Number: 2200087373

Realcomp

APN: 21-062666

Michigan Wayne County Detroit 48215 Jefferson Chalmers

580 Alter Rd, Detroit, MI

This home is located at 580 Alter Rd, Detroit, MI 48215 since 23 October 2020 and is currently estimated at $182,528, approximately $97 per square foot. This property was built in 1956. 580 Alter Rd is a home located in Wayne County with nearby schools including Carstens Academy of Aquatic Science, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

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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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