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Berrien
16157 Fourth Lane
$650,000
● House - Off Market

16157 Fourth Lane

Union Pier, MI 49129
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,741 Ft²
$3,429
Est. Monthly
2.29%
Cap Rate

About This Property

Step into the vintage charm of this classic Union Pier cottage, in a walkable location to two Lake Michigan beaches. Nestled on a private, wooded lot along a private, quiet road, this 3-bedroom retreat-with an additional sitting room that can serve as a 4th bedroom-offers the perfect blend of character and comfort. Original details like a charming farm sink, knotty pine accents, fireplace, and volume ceilings add warmth and nostalgia. Enjoy the fresh summer breeze from the screened porch, decks or sitting around a campfire. . With a proven rental history and offered mostly turnkey, this home is ready to be your ideal getaway or investment. Don't miss this timeless gem in Union Pier!
Unit Size
1,741 Ft²
Days on Market
63 days
Land Size
0.29 acres
Price per sqft
$373
Property Type
House
Property Taxes
$237
HOA Dues
-
Year Built
1947

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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: 2 years ago (MichRIC MLS #25009654)

Price History

Date / Event Date Event Price
May 21, 2025 Sold
Premium
Sold
Apr 2, 2025 In contract -
In contract
Mar 14, 2025 Listed by Cathy Smith Real Estate $650,000
Listed by Cathy Smith Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 12,632
  • Total Building Area: 1,753
  • Building Area: 1,753
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,753
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG 142'S00DEG07'35''E OF NE COR SEC 36 T7S R21W TH S00DEG07'35''E 91' TH W 140.26' TH N00DEG03'46''W 91' TH E 140.16' TO POB

Neighborhood

  • School District Name: New Buffalo Area School District
  • School Tax School District: NEW BUFFALO
  • Census Tract: 011301

Zoning

  • Zoning: SELECTZONI

Geography

  • Assessors Map Reference: 336-2
  • District: 13
  • Parcel: 13-0336-0038-14-1
  • Meridian: SEC 36 TWN 07S RNG 21W
  • Municipality: NEW BUFFALO TWP
  • Latitude: 41.8271
  • Longitude: -86.6879

    Address

  • Full Address: 16157 4th Ln
  • Address - House Number: 16157
  • Address - Street Name: 4th
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Union Pier
  • Carrier Code: R001
  • 4-Digit Zip Code: 9360
  • Zip Code: 49129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $271,050

    Appraisal Valuation

  • Standard Deviation: 0.3113
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 37
  • Final Value: 174,817
  • High Value: 229,252
  • Low Value: 120,381

    Market Valuation

  • Market Total Value: $228,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $114,200

    Sales

  • Current Sale Contract Date: Apr 28, 2015
  • Current Sale Recording Date: May 07, 2015
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: May 23, 2008
  • Previous Sale Contract Date: May 07, 2008
  • Previous Sale Document Type: 71
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:

$324,950

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2075 ft²

Average Home Age

59.4 years

Currently For Sale

572 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Cathy Smith, Cathy Smith Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25009654
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 16157 4th Lane built and last sold?
The property at 16157 4th Lane was built in 1947 and last sold on Apr 28, 2015 for $0.
How much is this home worth?
The estimated value of the home located at 16157 4th Lane is $0.
What are some comparable homes to 16157 4th Lane?
There are currently no comparable homes to 16157 4th Lane.
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