388 Lakewood St, Detroit, MI, 48215
About This Home
Welcome to this beautifully maintained 4-bedroom, 2-bath Dutch Colonial, offering over 2,000 square feet of finished living space. Built in 1924, this home blends timeless character with thoughtful modern updates. The inviting living room features hardwood-style flooring, crown molding, recessed lighting, and a cozy fireplace. The updated kitchen boasts newer cabinetry, stainless steel appliances, stone countertops, and abundant natural light. Upstairs, you’ll find spacious bedrooms with vaulted ceilings and updated baths with tile finishes and modern vanities. The finished basement extends your living space with recessed lighting, perfect for a family room, office, or recreation area. Outdoor living is just as enjoyable with a charming covered front porch and a large backyard, ideal for entertaining. This home also includes a 4-panel solar tree generating approximately 1,400 watts of energy. Situated just three blocks from the recently renovated Alfred Brush Ford Park and the Fox Creek Canals, this Detroit gem is also minutes from Windmill Point Lighthouse, Riverfront-Lakewood East Park, schools, shopping, and major roadways. Move-in ready and full of charm—schedule your showing today!
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1924
Materials
- Foundation: Basement,Poured
- Roof: Asphalt
- Construction materials: Brick,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Dutch Colonial
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Free Standing Gas Range,Free Standing Refrigerator,Stainless Steel Appliances,Washer
- Laundry features: Laundry Room
Basement
- Has basement: Yes
- Basement: Finished
Bedroom
- Level: Second
- Area: 110
- Dimensions: 10 X 11
Bedroom
- Level: Second
- Area: 90
- Dimensions: 9 X 10
Bedroom
- Level: Second
- Area: 90
- Dimensions: 10 X 9
Bedroom
- Level: Second
- Area: 180
- Dimensions: 15 X 12
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Fireplace features: Living Room
- Fireplace: Yes
- Finished area below ground: 665
- Finished area above ground: 1,379
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total interior livable area: 2,044 sqft
Kitchen
- Level: Entry
- Area: 108
- Dimensions: 9 X 12
Laundry
- Level: Entry
- Area: 40
- Dimensions: 5 X 8
Living Room
- Level: Entry
- Area: 221
- Dimensions: 17 X 13
Other
- Level: Basement
Other
- Level: Second
Property
Details
- Parcel number: W21I054422S
- Special condition: Short Sale No,Standard
- Exclusions: Exclusion(s) Do Not Exist
Features
- Levels: Two
- Stories: 2
- Entry location: GroundLevelwSteps
- Pool features: None
- Patio & porch: Covered,Porch
Lot
- Lot size: 6,098 sqft
- Lot size dimensions: 40 x 149.02
Parking
- Parking features: No Garage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Wayne County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,208 | $14,496 |
| Home Insurance * | $324 | $3,888 |
| Property Taxes | $292 | $3,504 |
| Electricity | $222 | $2,675 |
| Total | $2,046 | $24,552 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-12 | Price change | $269,000 |
| 2026-05-01 | Listed for sale | $274,000 |
| 2025-11-07 | Listing removed | $229,000 |
| 2025-10-24 | Price change | $229,000 |
| 2025-10-11 | Price change | $239,000 |
| 2025-09-20 | Listed for sale | $250,000 |
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