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Berrien 49116
15386 Red Arrow Highway
$430,000
● House - Off Market

15386 Red Arrow Highway

Lakeside, MI 49116
bedrooms
2 Beds
bathrooms
1 Bath
square feet
960 Ft²
$477,399
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Turn down Lakeside Lane to the perfect year round cottage on almost an acre in Lakeside. Walk to Lake Michigan and relax on your private deeded beach access. This cottage has a great floorplan. The vaulted ceilings give it a nice open feel with lots of light. With two bedrooms and two sofa beds, it sleeps eight. Pretty much turnkey, most of the furniture is included. Nicely landscaped for privacy, the outdoor patio is great for entertaining.
Unit Size
960 Ft²
Days on Market
-
Land Size
0.85 acres
Price per sqft
$469
Property Type
House
Property Taxes
$189
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #22018864)

Price History

Date / Event Date Event Price
Dec 5, 2022 Sold
Premium
Sold
May 18, 2022 Listed by RE/MAX Harbor Country $450,000
Listed by RE/MAX Harbor Country
Aug 26, 1998 Sold
Premium
Sold
Jul 31, 1995 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,026
  • Lot Size Depth Feet: 1,660
  • Lot Size Frontage Feet: 2,230
  • Total Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 960
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKESIDE PARK
  • Land Acres: 0000000850
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 73 LAKESIDE PARK ALSO A STRIP OF LAND APPROXIMATELY 20' WIDE BETWEEN LOT 73 & WLY LN OF RED ARROW HWY & NLY & SLY LOT

Neighborhood

  • School District Name: River Valley School District
  • School Tax School District: RIVER VALLEY
  • Census Tract: 011201

Geography

  • Assessors Map Reference: 030-2
  • District: 07
  • Parcel: 07-4460-0073-01-4
  • Lot: 73
  • Municipality: CHIKAMING TWP
  • Latitude: 41.8423
  • Longitude: -86.6755

    Address

  • Full Address: 15386 Red Arrow Hwy
  • Address - House Number: 15386
  • Address - Street Name: Red Arrow
  • Address - Suffix Type: Hwy
  • State: MI
  • City Name: Lakeside
  • Carrier Code: R001
  • 4-Digit Zip Code: 9759
  • Zip Code: 49116

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $486,452

    Appraisal Valuation

  • Standard Deviation: 0.1006
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 90
  • Final Value: 461,541
  • High Value: 507,980
  • Low Value: 415,101

    Market Valuation

  • Market Total Value: $282,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $141,100

    Sales

  • Current Sale Contract Date: Aug 26, 1998
  • Current Sale Recording Date: Aug 26, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 31, 1995
  • Previous Sale Contract Date: Jul 31, 1995
  • Previous Sale Amount: $64,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Berrien

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2019 ft²

Average Home Age

59.6 years

Currently For Sale

576 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 15300 Red Arrow Highway, Lakeside, MI, 49116

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 4,590 ft²
15300 Red Arrow Highway #3, Lakeside, MI, 49116 Listing by Nathan Blosl

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Maureen Culp, RE/MAX Harbor Country
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22018864
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 15386 Red Arrow Highway built and last sold?
The property at 15386 Red Arrow Highway was built in 1965 and last sold on Aug 26, 1998 for $64,000.
How much is this home worth?
The estimated value of the home located at 15386 Red Arrow Highway is $442,164.
What are some comparable homes to 15386 Red Arrow Highway?
There are currently no comparable homes to 15386 Red Arrow Highway.
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