This property is $64.9K more than the Median Sold Price and $8/SqFt less than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240064383
Listing Office:
Office Name: Archer Real Estate
Office Phone: (586) 879-6314
Listing Agent: Sandra E Johnson
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$816
Per Month
Principal & Interest
$749
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$516
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
University Preparatory Science and Math Elementary School
2251 Antietam Ave
Distance between this listing and this school1.28 miles
Public Charter Grades KG-5
1
/10
Detroit Academy of Arts and Sciences
2985 E Jefferson Ave
Distance between this listing and this school1.49 miles
Public Charter Grades KG-5
8
/10
Chrysler Elementary School
1445 E Lafayette St
Distance between this listing and this school1.93 miles
Public District Grades KG-5
Nearby Schools
2
/10
Garvey Academy
2301 Van Dyke St
Distance between this listing and this school0.64 miles
Public District Grades PK-8
5
/10
Detroit Preparatory
8411 Sylvester St
Distance between this listing and this school0.85 miles
Public Charter Grades KG-8
2
/10
Nichols Elementary-Middle School
3000 Burns St
Distance between this listing and this school0.87 miles
Public District Grades PK-8
Nearby Schools
3
/10
Martin Luther King Jr. Senior High School
3200 E Lafayette St
Distance between this listing and this school1.34 miles
Public District Grades 9-12
6
/10
Detroit Edison Public School Academy High School
3402 Saint Aubin St
Distance between this listing and this school1.41 miles
Public Charter Grades 9-12
3
/10
University Preparatory Science and Math (PSAD) High School
2664 Franklin St
Distance between this listing and this school1.75 miles
The neighbors living near this home have an average income of $39,000. The most common annual income of people living in Detroit, MI is between $35k-100k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
This home is located at 3188 Canton St in Detroit, MI and zip code 48207 in the Lower East neighborhood. This 2,516 square foot home, which was built in 1913, sits on a 0.08 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since August 28, 2024 and is currently priced at $150,000.
In November 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 247 sold below and more than 55 were sold right at the asked price. Between October 2024 and November 2024, Detroit, MI real estate market has seen increase in the number of listings by 2%. The median list price of listings available in November 2024 was $85,016, while the average time on the real estate market was 49 days.
From Rocket Homes Real Estate and based on county public records data.