Craftsman / Bungalow home in Detroit, MI
Set in Detroit, MI, this Craftsman home provides 5 bedrooms and 2 bathrooms across 2,311 square feet. Its Craftsman character defines the property's look.
| Price | $339,900 |
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| Beds | 5 |
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| Baths | 2 |
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| Sqft | 2311 |
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| Architectural style | Craftsman / Bungalow (61% match) |
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| Address | 712 Chalmers St, Detroit, MI 48215 |
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Why buy this home
- Confirmed Craftsman / Bungalow architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced above comparable homes.
- At $340K, this home is 250% above the $97K median for 112 similar Craftsman / Bungalow homes in Detroit, MI.
- That works out to $147 per square foot, 88% above the $78 comparable rate.
| This home | $339,900 |
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| Craftsman / Bungalow median in Detroit, MI | $97,000 (112 homes) |
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| Price per sq ft | $147 vs. $78 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $2,407/month with 20% down at a 7.28% 30-year fixed rate. You would need about $103,165 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,861/mo |
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| Property tax (new-buyer reassessed rate) | $419/mo |
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| Homeowners insurance | $127/mo |
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| Total monthly | $2,407/mo |
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| Down payment (20%) | $67,980 |
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| Income needed | $103,165/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C+ (63 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C+ (63/100) |
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| Beats renting in | 13% of modeled paths |
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| Modeled 5-yr equity (median) | $165,542 |
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| Range (10th to 90th pct) | $100,783 to $243,044 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Detroit, MI where local data is thin.
Local home values
Typical home values in Detroit, MI have risen about 22% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Zillow