700 Alter Road

Sold 1/13/25
Sold 1/13/25
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Sold
Last Sold Price
$189,900
4 beds2,448 sqft$78/sqft
700 Alter Road, Detroit, MI 48215
Multi FamilyProperty Type
6,969 sq ftLot Size
1953Year Built
$78/sq ftPrice per sq ft
2 carsParking Spaces

Description

Exciting investment opportunity in the rapidly appreciating Jefferson Chalmers Neighborhood! Outstanding location South of Jefferson sharing a fence line with the City of Grosse Pointe Park and across from the charming canals of Jefferson Chalmers, this all brick duplex boasts large open concept living spaces, 2 large bedrooms with huge closets per unit, large kitchens, well maintained bathrooms, separate- private basements for each tenant with storage & laundry, and driveway with garage for convenient...Exciting investment opportunity in the rapidly appreciating Jefferson Chalmers Neighborhood! Outstanding location South of Jefferson sharing a fence line with the City of Grosse Pointe Park and across from the charming canals of Jefferson Chalmers, this all brick duplex boasts large open concept living spaces, 2 large bedrooms with huge closets per unit, large kitchens, well maintained bathrooms, separate- private basements for each tenant with storage & laundry, and driveway with garage for convenient off street parking for tenants. "House Hack" by living in one unit and renting the other! Separate utility meters for each apartment. Market rents of $1,050+ per unit! Super easy to manage and allows for a strong passive income! Very walkable location steps from coffee, dining, and shopping on Jefferson & Kercheval as well as the highly anticipated $45M+ development of the new Performing Arts Center coming to Jefferson! Neighboring duplex sales as high as $300K+ allowing for an attractive value add opportunity!
  • Listed by: James B Saros 313.886.9030 jbsaros@sarosres.com Brokerage DRE #6505005532 • Jim Saros Real Estate Services
Listing closed: 01/13/2025 12:00 AM • Source: Realcomp, MLS#: 20240083889

Recent comparable sales

Median sold price

$190,000

Avg days on market

95

Sale-to-list ratio

86.5%

Detroit, MI

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Location

Listing Courtesy of Jim Saros Real Estate Services

Sold By Century 21 Curran & Oberski

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$1,146 per month

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Principal and Interest

$965

Property Taxes

$180

HOA Dues

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Property Information for 700 Alter Road

Property Details
  • Taxes: $2,164 / year
  • MLS Type: Residential Income / Multi Family
  • County: Wayne County
  • Subdivision Name: WINDMILL POINTE SUB (ALSO P6) (PLATS)
  • Architectural Style: Colonial, Duplex
  • Waterfront: No
  • Zoning Description: Multi-Family
  • Senior Community: No
Building Information
  • Residences: 2
  • Year Built: 1953
  • Lot Size: 0.16 AC / 6,969 SF
Summary
Location and General Information
  • Directions: South of Jefferson
  • Latitude: 42.37195
  • Longitude: -82.93745
  • Cross Street: Jefferson & Avondale
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: W21I062680S
  • Tax Amount Summer: $1,965.00
  • Tax Amount Winter: $199.00
  • Tax Annual Amount: $2,164.00
  • Tax Assessed Value: $21,103.00
  • Tax Legal Description: E ALTER 155 WINDMILL POINTE SUB L37 P5 PLATS, W C R 21/521 50 X 135
  • Tax Other Annual Assessment Amount: $340.00
School Information
  • High School District: Detroit
Parking
  • Parking Total: 2.0
  • Attached Garage: No
  • Garage: Yes
  • Parking Features: Garage
Property
Lot Information
  • Frontage Length: 50.0
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Dimensions: 50.00 x 135.00
  • Lot Size Units: Acres
  • Road Frontage Feet: 50
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • State Equalized Value: 47400.0
  • Living Area: 2448.0
  • Building Area Total: 2448.0
  • Above Grade Finished Area: 2448.0
  • Below Grade Total Area: 1208.0
  • Class Name: Residential Income
  • Living Area Source: Public Records
  • New Construction: No
  • Year Built: 1953
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Block
  • Levels: Two
  • Stories Total: 2
Utilities
  • Sewer: Sewer At Street
  • Utilities: Natural Gas Available, Sewer Available
  • Water Source: Waterat Street
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 2.0
  • Basement: Private, Private Storage Locker, Unfinished
  • Has Basement: Yes
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Has Cooling: No
  • Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • UnitTwoBedNumberOf: 2
Multi Family
Multi Family Information
  • Number of Units Leased: 1
  • Number of Units Total: 2
Income & Expenses
  • Gross Scheduled Income: $25,200.00
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $2,100.00
  • Existing Lease: No
  • Pets Allowed: Call
  • Rent Includes: Sewer, Water
  • Rent Spree: No

Property History for 700 Alter Road

DateEvent & SourcePriceAppreciation
Jan 13, 2025

Sold

Realcomp #20240083889

$189,900—
Jan 13, 2025

Sold

MiRealSource #60352641

$189,900—
Dec 31, 2024

Contract Signed

Realcomp #20240083889

—
DateEvent & SourcePrice
01/13/2025

Sold

Realcomp #20240083889

$189,900
01/13/2025

Sold

MiRealSource #60352641

$189,900
12/31/2024

Contract Signed

Realcomp #20240083889

—

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

Public Records for 700 Alter Road

Taxable ValueLand-Additions-Total-
Tax Record2025$2,043 ($170 / month)
Home Facts
Baths2Total Finished SqFt2,448 SqFtAbove Grade Finished SqFt2,448 SqFtUnfinished Basement SqFt1,208 SqFtStories2Lot Size6,970 SqFtStyleDuplexYear Built1953Year Renovated1953ZoningR2CountyWAYNEAPN21062680.

Schools near 700 Alter Road

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

Foreign Language Immersion And Cultural Studies
PublicPK to 8

Carstens Elementary-Middle School
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: 700 Alter Road, Detroit, MI 48215
$189,900
4
2,448
6,969
702 Alter Road, Detroit, MI 48215
$600
2
800
7,200
690 Alter Road, Detroit, MI 48215
–
–
2
2,448
6,970
710 Alter Road, Detroit, MI 48215
$139,000
4
2,000
4,800
682 Alter Road, Detroit, MI 48215
–
–
3
2,600
6,970
674 Alter Road, Detroit, MI 48215
$125,000
–
2,210
6,969

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Listing Courtesy of Jim Saros Real Estate Services

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