454 Alter Road

About this home

Beautifully updated brick Cape Cod ideally located in Detroit on the border of Grosse Pointe Park! This gorgeous three-bedroom, two-full-bath home has been completely renovated and is truly move-in ready. The spacious kitchen features newer stainless steel appliances and plenty of room for entertaining, while hardwood floors throughout add warmth and character to the home. One of the standout features is the massive 3-car garage, offering an incredible amount of parking, workspace, and flexibility. Measuring approximately 30' x 30' with a 10-foot overhead door, this is an ideal setup for a contractor, handyman, car enthusiast, or anyone needing substantial additional space, or rental storage for cars and boats, etc. The property was previously operated as a successful short-term rental and performed extremely well, offering an excellent opportunity for an investor or buyer looking for a home with proven rental potential. With its attractive brick exterior, extensive updates, spacious interior, and extraordinary garage, this property offers a rare combination of charm, functionality, and income potential in a highly desirable location. UPDATED SHOWER AND BATH being installed prior to closing. Schedule your showing today!

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Detroit

Over the last 90 days, 1,214 homes sold in Detroit for a median of $99,950, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $189,500, or $123 per square foot, 73% above the city median, and has been on the market 0 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $8,659 a year. A buyer who lives here would pay about $6,142 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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