5550 Alter Road

Detroit, MI 48224

$75,000
Last Sold Price
3
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Sold 3/18/25
Sold 3/18/25
Front view
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Description

INVESTMENT OPPORTUNITY: Vacant brick home in attractive neighborhood. Home requires minor turn.INVESTMENT OPPORTUNITY: Vacant brick home in attractive neighborhood. Home requires minor turn.
  1. Listed by Kristian Freiwald • Domus Realty
    P: (313)-626-5996 C: (313)-626-5996 realty@domusmgmt.com

Amenities

  • Basement
  • Bungalow
  • Fireplace
  • Forced Air
LISTING CLOSED: 03/18/2025 12:00 AM

Property Details for 5550 Alter Road

StatusSold
MLS #25005040
Days on Market23
Taxes$1,548 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1951
Lot Size0.11 AC / 4,792 SF
CountyWayne County
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Location

Listing Courtesy of Domus Realty

Sold By Domus Realty; Real Broker LLC Troy

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Building Information for 5550 Alter Road

Stories1Year Built1951Building Size-Lot Size0.11 AC / 4,792 SF

Payment Calculator

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$510 per month

30 year fixed, 6.55% Interest

Principal and Interest

$381

Property Taxes

$129

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5550 Alter Road

Summary
Location and General Information
  • Cross Streets: E of Alter
  • Municipality: Detroit City
  • Directions: Property is in Alter
  • Area - Major: Wayne County - 100
  • Street #: 5550
  • Street Name: Alter
  • Suffix: Road
  • City: Detroit
  • State: MI
  • Zip Code: 48224
  • County: Wayne
  • Latitude: 42.401112
  • Longitude: -82.95698
  • Area - Minor: Wayne County - 100
Taxes and HOA
  • Taxable Value: 24000.0
  • Approx. Assoc Fee: $0
  • Tax ID #: 21062962.
  • Homestead: 100
  • SEV: 24000
Parking
  • Garage Y/N: No
Virtual Tour
  • Total Virtual Tours Count: 0
  • Total Open Houses Count: 0
Property
Lot Information
  • SqFt Source: Public Records
  • Lot Dimensions: 40x116
  • Below Grade Finished Area: 0.0
  • Total Fin SqFt All Levels: 0.0
  • SqFt Above Grade: 0.0
  • Lot Measurement: Acres
  • Lot Acres: 0.11
  • Lot Square Footage: 4792.0
  • Lot Size Area: 0.11
Property and Assessments
  • Tax Year: 2024
  • Legal: E ALTER 67 FRANK B WALLACE ALTER RD GARDENS A SUB L41 P10 PLATS, W C R 21/602 40 X 115.59A
  • Property Sub-Type: Single Family Residence
  • New Construction: No
  • Total Floor Plans Count: 0
  • Property Type: Residential, Single Family Residence
  • Year Built: 1951
  • Video Groups: 0
  • Accessibility Features YN: No
  • Income Property: No
Utilities
  • Sewer: Public Sewer, Public
  • Water Source: Public
  • Water: Public
Interior and Exterior Features
Exterior Features
  • Stories: 1
  • Construction Materials: Brick
  • Exterior Material: Brick
  • Substructure: Full
Interior Features
  • Heating: Forced Air
  • Laundry Features: In Basement
  • Fireplace: Yes
  • Room Total: 3
  • Main Bedrooms: 1
  • Fireplaces Total: 1
  • Basement: Yes
  • Total Baths: 2.0
  • Full Baths: 1
  • Room Types: Primary Bedroom, Bathroom 1, Bedroom 2, Bathroom 3
  • Bathrooms Total (Integer): 2
  • Bathrooms Total (Decimal): 1.5
  • Bathrooms Total (Notational): 1.1
  • Heating: Yes
  • Heat Source: Natural Gas
  • Heat Type: Forced Air
  • Bedrooms: 3
  • Half Baths: 1.0
  • Main Full Baths: 1
  • Main Half Baths: 0
  • Main Level SQFT: 0
  • Total Beds Above Grade: 3
  • Basement Bedrooms: 0.0
  • Basement Finished SQFT: 0.0
  • Basement Full Baths: 0.0
  • Basement Half Baths: 0.0
  • Total Basement SQFT: 0.0
  • Main Level Primary: Yes
Room Information
Room 1
  • Room Type: Primary Bedroom
Room 2
  • Room Type: Bathroom 1
Room 3
  • Room Type: Bedroom 2
Room 4
  • Room Type: Bathroom 3
Rental
Rental Information
  • Terms Available: Cash, Conventional

Property History for 5550 Alter Road

DateEvent & SourcePriceAppreciation
Mar 28, 2025

Sold (Public Record)

Public Record #1555699194

$75,000

-17.9% / yr

Mar 18, 2025

Sold

MiRealSource #70451702

$75,000—
Mar 18, 2025

Sold

Realcomp #81025005040

$75,000—
DateEvent & SourcePrice
03/28/2025

Sold (Public Record)

Public Record #1555699194

$75,000

-17.9% / yr

03/18/2025

Sold

MiRealSource #70451702

$75,000
03/18/2025

Sold

Realcomp #81025005040

$75,000

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

Public Records for 5550 Alter Road

Taxable ValueLand-Additions-Total-
Tax Record2023$1,548 ($129 / month)
Home Facts
Beds0Baths1Total Finished SqFt1,152 SqFtAbove Grade Finished SqFt1,152 SqFtStories1Lot Size4,792 SqFtStyleSingle Family ResidenceYear Built1951ZoningR1CountyWAYNEAPN21062962.Fireplace TypeHas Fireplace

Schools near 5550 Alter Road

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Bates Academy
Public - PK to 8
Brown Ronald Academy
Public - PK to 8
Foreign Language Immersion And Cultural Studies
Public - PK to 8
Detroit International Academy For Young Women
Public - PK to 12
Rating
School
Distance
Bates Academy
PublicPK to 8

Brown Ronald Academy
PublicPK to 8

Foreign Language Immersion And Cultural Studies
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.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot AC
5560 Alter Road, Detroit, MI 48224
–
–
1,435
0.11
5542 Alter Road, Detroit, MI 48224
$100,000
–
1
1,335
0.11
5568 Alter, Detroit, MI 48224
$20,000
4
1,412
0.11
5568 Alter Road, Detroit, MI 48224
$20,000
3
1,332
0.11
5536 Alter Road, Detroit, MI 48224
$50,000
3
1,182
0.11

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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 Domus Realty

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