Last Sold Price
3 beds1,064 sqft$59/sqft
5520 Alter Road, Detroit, MI 48224

Description

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!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!
LISTING CLOSED: 10/29/2021 12:00 AM

  1. Listed by Aaron Wright • Brokerage DRE #6505393500 • Realteam Real Estate
    P: (586) 457-0416 aaron@mirealteam.com
  2. Listed by Andrea Ramirez • Brokerage DRE #6505393500 • Realteam Real Estate
    P: (248) 390-5631 andrea@mirealteam.com

Property Details for 5520 Alter Road

Status
MLS #
58050053041
Days on Market
5
Taxes
$1,456 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1950
Lot Size
0.11 AC / 4,791 SF
Subdivision Name
Wallace Frank B Alter Road Gardens
Architectural Style
Ranch
Waterfront
No
Zoning Description
Residential

Recent comparable sales

Median sold price

$66,000

Avg days on market

54

Sale-to-list ratio

89.8%

Detroit, MI

9 comparable properties found

$55,000 | 5108 Wayburn Street, Detroit, MI 48224
1/22
1

$55,000

Sold 06/22/26

3
Bedrooms
1,157
Square Feet
0.1
Acres
$72,000 | 5759 Barham Street, Detroit, MI 48224
1/24
2

$72,000

Sold 01/30/26

3
Bedrooms
1,075
Square Feet
0.18
Acres
$69,500 | 9200 Manistique Street, Detroit, MI 48224
1/11
3

$69,500

Sold 02/13/26

3
Bedrooms
1,135
Square Feet
0.1
Acres
$55,000 | 4488 Maryland Street, Detroit, MI 48224
1/23
4

$55,000

Sold 12/06/24

3
Bedrooms
935
Square Feet
0.13
Acres
$55,000 | 9233 McKinney Street, Detroit, MI 48224
1/30
5

$55,000

Sold 09/24/25

3
Bedrooms
1,028
Square Feet
0.09
Acres
$70,000 | 10066 Greensboro Street, Detroit, MI 48224
1/25
6

$70,000

Sold 04/15/25

3
Bedrooms
1,025
Square Feet
0.1
Acres
$60,000 | 10345 Greensboro Street, Detroit, MI 48224
1/42
7

$60,000

Sold 08/04/26

3
Bedrooms
1,046
Square Feet
0.11
Acres
$70,000 | 10215 Hayes Street, Detroit, MI 48213
1/32
8

$70,000

Sold 02/25/25

3
Bedrooms
1,145
Square Feet
0.1
Acres
$66,000 | 10326 Beaconsfield Street, Detroit, MI 48224
1/2
9

$66,000

Sold 03/25/26

3
Bedrooms
1,042
Square Feet
0.11
Acres

Location

Listing Courtesy of Realteam Real Estate

Sold By Realty Executives Home Towne Chesterfield

Add your commute

Building Information for 5520 Alter Road

Stories-Year Built1950Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$442 per month

30 year fixed, 6.55% Interest

Principal and Interest

$320

Property Taxes

$121

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5520 Alter Road

Summary
Location and General Information
  • Latitude: 42.400752
  • Longitude: -82.956525
  • Cross Street: Warren Ave / Dickerson Ave
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: W21I062958S
  • Tax Amount Summer: $1,326.00
  • Tax Amount Winter: $130.00
  • Tax Annual Amount: $1,456.00
  • Tax Year: 2020
  • Association: No
School Information
  • High School District: Detroit
Parking
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: One Car Garage, Detached
Property
Lot Information
  • Frontage Length: 40.0
  • Lot Size Acres: 0.11
  • Lot Size Dimensions: 40x113
  • Road Surface Type: Paved
Property and Assessments
  • Living Area: 1064.0
  • Building Area Total: 2104.0
  • Building Area Source: Public Records
  • Above Grade Finished Area: 1064.0
  • Above Grade Finished Area Source: Public Records
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 1040.0
  • Class Name: Residential
  • Year Built: 1950
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement
  • Levels: One
  • Stories Total: 1
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 1.0
  • Has Basement: Yes
  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 3
  • Cooling: Ceiling Fans
  • Has Cooling: Yes
  • Fireplace Features: Basement
  • Fireplace: Yes
  • Flooring: Hardwood
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Laundry Features: In Basement
  • Rooms Total: 5
Exterior Features
  • Community Features: Sidewalks
  • Fencing: Fenced
  • Pool Private: No
Room Information
Room 1
  • Room Dimensions: 10x10
  • Room Length: 9.0
  • Room Width: 8.0
  • Room Level: Upper
  • Room Type: Kitchen
Room 2
  • Room Dimensions: 12x10
  • Room Length: 12.0
  • Room Width: 10.0
  • Room Level: First
  • Room Type: Bedroom 1
Room 3
  • Room Dimensions: 10x10
  • Room Length: 10.0
  • Room Width: 10.0
  • Room Level: Entry
  • Room Type: Living Room
Room 4
  • Room Dimensions: 9x8
  • Room Length: 10.0
  • Room Width: 10.0
  • Room Level: Upper
  • Room Type: Bedroom 2
Room 5
  • Room Dimensions: 10x10
  • Room Length: 12.0
  • Room Width: 10.0
  • Room Level: Upper
  • Room Type: Bedroom 3
Room 6
  • Room Length: 10.0
  • Room Width: 10.0
  • Room Level: Upper
  • Room Type: Bedroom3
Agent
Sale and Listings
  • Public GLR Website: Yes

Property History for 5520 Alter Road

DateEvent & SourcePriceAppreciation
Oct 29, 2021

Sold (Public Record)

Public Record #1477561378

$63,000

+24.5% / yr

Oct 29, 2021

Sold

Realcomp #58050053041

$63,000
Oct 29, 2021

Sold

MiRealSource #50053041

$63,000
DateEvent & SourcePrice
10/29/2021

Sold (Public Record)

Public Record #1477561378

$63,000

+24.5% / yr

10/29/2021

Sold

Realcomp #58050053041

$63,000
10/29/2021

Sold

MiRealSource #50053041

$63,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5520 Alter Road

Taxable ValueLand-Additions-Total-
Tax Record2025$2,150 ($179 / month)
Home Facts
Beds0Baths1Total Finished SqFt1,324 SqFtAbove Grade Finished SqFt1,324 SqFtUnfinished Basement SqFt1,040 SqFtStories1Lot Size4,792 SqFtStyleSingle Family ResidenceYear Built1950Year Renovated1950ZoningR1CountyWAYNEAPN21062958.

Schools near 5520 Alter Road

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 12
Rating
School
Distance
Bates Academy
PublicPK to 8

Brown Ronald Academy
PublicPK to 8

Detroit International Academy For Young Women
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 5520 Alter Road, Detroit, MI 48224
$63,000
3
1,064
4,791
$61,000
5
2,512
4,791
1
1,078
4,792
$50,000
3
1,182
4,791
$99,000
2
1,146
4,791
$100,000
1
1,335
4,792

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realteam Real Estate

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