NOT LISTED FOR SALE

864 Alter Rd Detroit, MI 48215

Jefferson Chalmers Neighborhood

Estimated Value: $165,000 - $250,199

6 Beds
2 Baths
2,912 Sq Ft
$68/Sq Ft Est. Value

Last Sold May 16, 2023

Last sale price $158,500 $54 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,225/month

14 Days on Market

About This Home

As of May 2023

Classic brick two-family home in the up-and-coming Jefferson Chalmers neighborhood. Great condition, 3 bedroom/1 bathroom upper and lower units. Large, clean basement. Short commute downtown. Steps away from the shops and restaurants of Jefferson Chalmers or Grosse Pointe Park. Great opportunity for an investment property. Family neighborhood. This gem just needs a little polish.

Last Agent to Sell the Property

Jay Lambrecht

Lambrecht Realty LLC License #6501375482 Listed on: 03/13/2023

Last Buyer's Agent

Julian Glass

Glass Home Realty, LLC License #RCO-6502393283

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 60.00 x 135.00

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,912 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W21I062690S

Community Details

Overview

  • 2 Units
  • Windmill Pointe Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,615

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1926
  • State Equalized Value: 41500.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2912
  • Total Sq Ft: 2912
  • Sq Ft Total Bsmt: 1456

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.19
  • Lot Dimensions: 60.00 x 135.00
  • Parcel Number: W21I062690S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 3000

Tax Info

  • Tax Amount Summer: 1466.0000
  • Tax Amount Winter: 149.0000
  • Total Tax: 1615.0000
  • Taxable Value: 16224.0000

Multi Family

  • Gross Scheduled Income: 36000.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
May 16, 2023
Sold by
Selonke Aaron and Brightman Aaron
Bought by
Renaissance Collective Llc
Seller's Agent
Jay Lambrecht
Lambrecht Realty LLC
Buyer's Agent
Julian Glass
Glass Home Realty, LLC
List Price
$129,000
Sold Price
$158,500
Premium/Discount to List
$29,500
22.87%
Views
82
Current Estimated Value
$187,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,184
Avg. Annual Appreciation
10.19%
Original Mortgage
$200,005
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2015
Sold by
Merrick Housing Llc
Bought by
Selonke Aaron

Purchase Details

Closed on
Dec 6, 2011
Sold by
Wayne County Treasurer
Bought by
Merrick Housing Llc

Purchase Details

Closed on
Jun 22, 2007
Sold by
Lasalle Bank Na
Bought by
Sumrall Christopher

Purchase Details

Closed on
Jan 11, 2006
Sold by
Brown Ellen and Brown Charles
Bought by
Lasalle Bank Na
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
Renaissance Collective Llc $136,300 Title One
Selonke Aaron $30,000 Progressive Title
Merrick Housing Llc $10,000 None Available
Sumrall Christopher $23,000 Rels Title
Lasalle Bank Na $75,749 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Renaissance Collective Llc $200,005
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2023 05/16/23 Sold $158,500 +22.9% $54 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
03/13/2023 03/13/23 For Sale $129,000 -- $44 / 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 $5,772 $109,500 $0 $0
2024 $5,772 $75,300 $0 $0
2023 $1,505 $57,000 $0 $0
2022 $1,619 $41,500 $0 $0
2021 $1,586 $32,900 $0 $0
2020 $1,636 $28,600 $0 $0
2019 $1,547 $21,300 $0 $0
2018 $1,348 $20,500 $0 $0
2017 $276 $21,000 $0 $0
2016 $1,491 $20,000 $0 $0
2015 $1,437 $20,000 $0 $0
2013 $1,392 $23,656 $0 $0
2010 -- $34,684 $1,643 $33,041
Source: Public Records

Agents Affiliated with this Home

  • Jay Lambrecht

    Seller's Agent in 2023

    Jay Lambrecht

    Lambrecht Realty LLC

    (313) 736-4444

    1 in this area

    98 Total Sales

    Section Image
  • Julian Glass

    Buyer's Agent in 2023

    Julian Glass

    Glass Home Realty, LLC

    (313) 570-4445

    1 in this area

    37 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 20230015311

Realcomp

APN: 21-062690

Michigan Wayne County Detroit 48215 Jefferson Chalmers

864 Alter Rd, Detroit, MI

This home is located at 864 Alter Rd, Detroit, MI 48215 since 13 March 2023 and is currently estimated at $196,800, approximately $67 per square foot. This property was built in 1926. 864 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.

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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