NOT LISTED FOR SALE

884 Alter Rd Detroit, MI 48215

Jefferson Chalmers Neighborhood

Estimated Value: $196,000 - $252,000

6 Beds
2 Baths
2,652 Sq Ft
$84/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $160,000 $60 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,337/month

13 Days on Market

Highlights

  • Colonial Architecture
  • Balcony
  • Hot Water Heating System
  • Cass Technical High School Rated 10
  • Porch
  • Garage

About This Home

As of August 2020

Beautiful multi family property with old world charm south of Jefferson! Large living spaces, spacious bedrooms, hardwood floors, leaded glass windows. Brick exterior and outdoor porches. Long term tenants wish to remain. Rents could be higher.

Last Agent to Sell the Property

Patricia Groezinger

Sine & Monaghan LLC License #6501295161 Listed on: 06/17/2020

Sine & Monaghan LLC

Last Buyer's Agent

Patricia Groezinger

Sine & Monaghan Realtors Real Living LLC GPF License #RCO-6501295161

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925

Lot Details

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

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,652 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • Garage
  • On-Street Parking

Outdoor Features

  • Balcony
  • Porch

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number W21I062692S

Community Details

Overview

  • 2 Units
  • Windmill Pointe Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,012

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1925
  • State Equalized Value: 18900.0000
  • 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: 2652
  • Total Sq Ft: 2652
  • Sq Ft Total Bsmt: 1200

Exterior Features

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

Garage/Parking

  • MF Parking: Garages, On Street

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Sewer-Sanitary
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 1093750.0000
  • Lot Size Area: 0.16
  • Lot Dimensions: 50.00X135.00
  • Parcel Number: W21I062692S
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1245

Tax Info

  • Tax Amount Summer: 1833.0000
  • Tax Amount Winter: 179.0000
  • Total Tax: 2012.0000
  • Taxable Value: 18900.0000

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2020
Closed on
Aug 31, 2020
Sold by
The Paul E Gainor Revocable Trust
Bought by
Benton Aisha Dafina
Seller's Agent
Patricia Groezinger
Sine & Monaghan LLC
Buyer's Agent
Patricia Groezinger
Sine & Monaghan Realtors Real Living LLC GPF
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%
Current Estimated Value
$215,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,348
Avg. Annual Appreciation
6.85%
Original Mortgage
$157,102
Outstanding Balance
$141,228
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$80,621

Purchase Details

Closed on
Nov 20, 2015
Sold by
Gainor Paul E
Bought by
Gainor Paul E and Paul E Gainor Revocable Trust
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
Benton Aisha Dafina $160,000 Ata National Title Group Llc
Gainor Paul E -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benton Aisha Dafina $157,102
Previous Owner Gainor Paul $41,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $160,000 -8.6% $60 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $175,000 -- $66 / 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 $1,775 $98,200 $0 $0
2024 $1,775 $67,500 $0 $0
2023 $1,971 $51,100 $0 $0
2022 $2,103 $37,200 $0 $0
2021 $2,045 $29,500 $0 $0
2020 $2,044 $25,500 $0 $0
2019 $2,013 $18,900 $0 $0
2018 $1,826 $19,300 $0 $0
2017 $376 $19,800 $0 $0
2016 $2,767 $27,200 $0 $0
2015 $2,720 $27,200 $0 $0
2013 $3,212 $32,120 $0 $0
2010 -- $47,092 $1,370 $45,722
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2020

    Patricia Groezinger

    Sine & Monaghan LLC

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Map

Source: Realcomp

MLS Number: 2200044814

Realcomp

APN: 21-062692

Michigan Wayne County Detroit 48215 Jefferson Chalmers

884 Alter Rd, Detroit, MI

This home is located at 884 Alter Rd, Detroit, MI 48215 since 17 June 2020 and is currently estimated at $221,778, approximately $83 per square foot. This property was built in 1925. 884 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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