18445 Alcoy ST , Detroit, MI 48205
Est. $691/mo with property taxes uncapped · See the breakdown
About this home
Welcome to ranch-style home in the desirable Grotto Park subdivision! Perfect for first-time buyers, investors, or anyone seeking an affordable slice of Detroit living, this cozy gem is priced to sell This home delivers comfortable, low-maintenance living with a practical layout including a generous living room, functional kitchen, and two bedrooms. It's ideal for a small family, couple, or savvy investor looking for a solid rental property in an established neighborhood. Located just south of 7 Mile and west of Schoenherr, you're close to fantastic restaurants, shopping, major highways for easy commuting, and all the conveniences Detroit has to offer
Monthly payment
The tax line is this home's bill after it uncaps: half the price times 64.18 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $56,000 |
| Beds | 2 |
| Baths | 1 full |
| Square feet | 800 |
| Type | Single family residence |
| Subdivision | GROTTO PARK |
| County | Wayne |
| MLS # | 20261085969 |
| Listed | 2026-10-26 |
| Days on market | 0 |
| Year built | 1950 |
| Possession | At closing |
| Stories | 1 story |
| Basement | Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Brick & mortar |
| Water / Sewer | Water at street / Sewer at street |
| Parcel number | W21I015816S |
| Listing office | CMB Real Estate |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $5,664 | about $28,000 |
| Yearly property tax | $1,443 | about $1,797 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $354 a year more than this seller pays. The assessor's state equalized value (SEV) is $10,000. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Detroit's 2025 homestead rate of 64.18 mills and assumes you claim the homestead exemption. See Detroit's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-27T03:48+00:00; refreshed at least twice daily.