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$62,613Estimated home value

Beds
3
Baths
1.5
sq ft
Unknown

5550 Alter Rd, Detroit, MI 48224

5550 Alter Rd

DetroitCity_Wayne, MI 48224

  • Sold On 3/30/2025
    • Price drop $5,000↓
INVESTMENT OPPORTUNITY: Vacant brick home in attractive neighborhood. Home requires minor turn.

Details

Property type

Single Family Residence

Est. home value

$62,613

Lot size

4,792 sq ft

Price per sq ft

Unknown

Year built

1951

Annual property taxes

$1,548

Price History

03/27/2025
Realcomp

Realcomp #81025005040

Removed
$85,000
+13.33%
03/18/2025
Realcomp

Realcomp #81025005040

Sold
$75,000
-11.76%
03/14/2025
Realcomp

Realcomp #81025005040

Pending
$85,000

Schools & Community

Neighborhood: 

Morningside

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Detroit

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Artesian Equity Llc

Loan start date

February 2014

Original loan amount

$5,000

Est. remaining balance

Not provided

Interest rate

4.48%

Loan type

Not Provided

Seller

Summit Acquisitions Llc

Lender

Artesian Equity Llc

Loan start date

February 2014

Original loan amount

$5,000

Est. remaining balance

Not provided

Interest rate

4.48%

Loan type

Not Provided

Seller

Summit Acquisitions Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Realcomp
$90,000
3 bd
|
1 ba
|
House

15461 Cedargrove St, Detroit, MI 48205

Status: Off Market

Tomo last checked: 04/03/2025 at 10:15 PM

Listing updated: 03/31/2025 at 12:03 AM

Listed by: Kristian Freiwald, Kristian Freiwald Phone #: (313) 626-5996

MLS: Realcomp #81025005040

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