Craftsman / Bungalow home in Detroit, MI
Set in Detroit, MI, this Craftsman home provides 3 bedrooms and 3 bathrooms across 2,184 square feet. Standout details include fireplace and walk-in closet. The Craftsman styling carries through the home's design.
| Price | $340,000 |
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| Beds | 3 |
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| Baths | 3 |
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| Sqft | 2184 |
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| Architectural style | Craftsman / Bungalow (46% match) |
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| Address | 3003 Fischer Street, Detroit, MI 48214 |
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Why buy this home
- Confirmed Craftsman / Bungalow architecture, matched from the listing photos by Enzo's vision model.
- Features: fireplace, walk-in closet.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced above comparable homes.
- At $340K, this home is 251% above the $97K median for 112 similar Craftsman / Bungalow homes in Detroit, MI.
- That works out to $156 per square foot, 100% above the $78 comparable rate.
- On the market 17 days.
| This home | $340,000 |
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| Craftsman / Bungalow median in Detroit, MI | $97,000 (112 homes) |
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| Price per sq ft | $156 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 $2,408/month with 20% down at a 7.28% 30-year fixed rate. You would need about $103,195 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 | $2,408/mo |
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| Down payment (20%) | $68,000 |
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| Income needed | $103,195/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 B- (69 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 | B- (69/100) |
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| Beats renting in | 25% of modeled paths |
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| Modeled 5-yr equity (median) | $187,024 |
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| Range (10th to 90th pct) | $111,081 to $279,990 |
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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 Estately