NOT LISTED FOR SALE

904 Alter Rd Detroit, MI 48215

Jefferson Chalmers Neighborhood

Estimated Value: $231,000 - $324,000

6 Beds
2 Baths
3,024 Sq Ft
$90/Sq Ft Est. Value

Last Sold August 09, 2019

Last sale price $185,000 $61 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,675/month

68 Days on Market

Highlights

  • Porch
  • Ceiling Fan
  • Private Entrance
  • Cass Technical High School Rated 10
  • Heating System Uses Steam
  • Fenced

About This Home

As of August 2019

Great Opportunity to own this Brick Two family flat that is 100% occupied on month to month basis. That is rented for: $1,500/month ($650 upstairs, $850 downstairs) The multi unit property has so much to offer from each unit has Three bedrooms each, Full bath, kitchen with dining room area, large living room with fireplace. Hardwood floors thru out. Lower unit is totally updated from full bath, kitchen, re-finished floors. Full finished basement with both units have separate storage space and glass block windows, utilities are separate. The property has a Certificate of Compliance and Lead Based Paint Certification.
The backyard is facing Grosse Pointe Park. Walking proximity to the GPP shops and restaurants on Kercheval ave. Turn-key operation.

Last Agent to Sell the Property

Sherri Saad

RE/MAX Leading Edge License #6502392274 Listed on: 05/16/2019

RE/MAX Leading Edge

Last Buyer's Agent

Lyndsey Sass

RE/MAX Leading Edge License #6510387479

RE/MAX Leading Edge

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
  • Private Entrance
  • Fenced

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 3,024 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Outdoor Features

  • Porch

Utilities

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

Community Details

  • 2 Units
  • Windmill Pointe Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I062694S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,864

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1925
  • 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: 3024
  • Total Sq Ft: 3024
  • Sq Ft Total Bsmt: 1512

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced, Private Entry
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Steam
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 1240625.0000
  • Lot Size Area: 0.16
  • Lot Dimensions: 50.00X135.00
  • Parcel Number: W21I062694S
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1500

Tax Info

  • Tax Amount Summer: 1697.0000
  • Tax Amount Winter: 167.0000
  • Total Tax: 1864.0000

Multi Family

  • Gross Scheduled Income: 18000.00
  • 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
May 16, 2019
Closed on
Aug 9, 2019
Sold by
Palermo Viejo Llc
Bought by
Tansley Ted
Seller's Agent
Sherri Saad
RE/MAX Leading Edge
Buyer's Agent
Lyndsey Sass
RE/MAX Leading Edge
List Price
$198,500
Sold Price
$185,000
Premium/Discount to List
-$13,500
-6.8%
Current Estimated Value
$270,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,711
Avg. Annual Appreciation
5.41%
Original Mortgage
$175,750
Outstanding Balance
$155,581
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$98,264

Purchase Details

Listed on
Jan 15, 2018
Closed on
Feb 12, 2018
Sold by
Waggoner James
Bought by
Palermo Viejo Llc
Seller's Agent
Chris Dasaro
Coldwell Banker Professionals-GPF
Buyer's Agent
Deborah Kelly
Coldwell Banker Professionals-GPF
List Price
$85,000
Sold Price
$70,000
Premium/Discount to List
-$15,000
-17.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
92.83%

Purchase Details

Closed on
Dec 1, 2010
Sold by
Favors Cleveland
Bought by
Waggoner James

Purchase Details

Closed on
May 1, 2010
Sold by
James Properties Inc
Bought by
Favors Cleveland
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
Tansley Ted $185,000 None Available
Palermo Viejo Llc $70,000 E Title Agency Inc
Waggoner James $500 None Available
Favors Cleveland $500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tansley Ted D $25,000
Open Tansley Ted $175,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2019 08/09/19 Sold $185,000 -6.8% $61 / Sq Ft
07/23/2019 07/23/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $198,500 +183.6% $66 / Sq Ft
02/13/2018 02/13/18 Sold $70,000 -17.6% $23 / Sq Ft
02/02/2018 02/02/18 Pending -- -- --
01/19/2018 01/19/18 For Sale $85,000 0.0% $28 / Sq Ft
01/15/2018 01/15/18 Pending -- -- --
01/15/2018 01/15/18 For Sale $85,000 -- $28 / 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 $2,163 $120,000 $0 $0
2024 $2,163 $82,500 $0 $0
2023 $2,345 $62,400 $0 $0
2022 $2,583 $45,300 $0 $0
2021 $2,513 $35,800 $0 $0
2020 $2,485 $30,500 $0 $0
2019 $1,937 $22,400 $0 $0
2018 $1,697 $22,200 $0 $0
2017 $327 $22,700 $0 $0
2016 $1,862 $27,900 $0 $0
2015 $1,706 $27,900 $0 $0
2013 $3,305 $33,047 $0 $0
2010 -- $48,451 $1,370 $47,081
Source: Public Records

Agents Affiliated with this Home

  • Sherri Saad

    Seller's Agent in 2019

    Sherri Saad

    RE/MAX

    (313) 598-5322

    1 in this area

    554 Total Sales

    Section Image
  • Lyndsey Sass

    Buyer's Agent in 2019

    Lyndsey Sass

    RE/MAX

    (734) 558-6584

    63 Total Sales

    Section Image
  • Chris Dasaro

    Seller's Agent in 2018

    Chris Dasaro

    Coldwell Banker Professionals-GPF

    (313) 268-6342

    129 Total Sales

    Section Image

  • D

    Seller Co-Listing Agent in 2018

    Deborah Kelly

    Coldwell Banker Professionals-GPF

See All Agents

Map

Source: Realcomp

MLS Number: 219045295

Realcomp

APN: 21-062694

Michigan Wayne County Detroit 48215 Jefferson Chalmers

904 Alter Rd, Detroit, MI

This home is located at 904 Alter Rd, Detroit, MI 48215 since 16 May 2019 and is currently estimated at $270,711, approximately $89 per square foot. This property was built in 1925. 904 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.

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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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