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Berrien 49117
16321 Fourth Street
$975,000
● House - Off Market

16321 Fourth Street

Union Pier, MI 49129
bedrooms
6 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
5,874 Ft²
$1,533,017
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model

About This Property

A grand authentic Lake Michigan Cottage on a magical setting in the private beach community of Gowdy Shores, Union Pier. Towering Douglas firs standing watch over this luxury residence consisting of the original 1930's 800 sf cottage with a 3,200+ sf addition designed by noted architect John Hurst was completed in 2003. The home features an open kitchen/dining/living area, a spacious master bedroom suite and a private guest wing with two bedrooms, a separate living room & kitchenette. A total of 6 bedrooms & 4 1/2 baths. Other amenities include chefs kitchen, 2 fireplaces, 1,000 bottle wine cellar, 2 screened porches, grilling deck, heated garage, potting shed, outdoor shower, hot tub & large fire pit. Four minute walk to the pet friendly association beach. Great rental history $6,400/wk.
Unit Size
5,874 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$170
Property Type
House
Property Taxes
$244
HOA Dues
$38
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #18004207)

Price History

Date / Event Date Event Price
Apr 16, 2018 Sold
Premium
Sold
Feb 5, 2018 Listed by @properties Christie's International R.E. $999,000
Listed by @properties Christie's International R.E.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,422
  • Lot Size Depth Feet: 1,980
  • Lot Size Frontage Feet: 830
  • Total Building Area: 2,768
  • Building Area: 2,768
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GOWDY SHORES
  • Land Acres: 0000000377
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: PT OF LOTS 38 & 39 GOWDY SHORES BEG ON E LN LOT 39 150' N18DEG18' 24''E OF SE COR LOT 40 GOWDY SHORES TH N71DEG40'W 96.89' TH

Neighborhood

  • School District Name: New Buffalo Area School District
  • School Tax School District: NEW BUFFALO
  • Census Tract: 011201

Zoning

  • Zoning: SELECTZONI

Geography

  • Assessors Map Reference: 336-1
  • District: 13
  • Parcel: 13-2850-0038-00-9
  • Lot: 38-40
  • Municipality: NEW BUFFALO TWP
  • Latitude: 41.8237
  • Longitude: -86.7047

    Address

  • Full Address: 16321 4th St
  • Address - House Number: 16321
  • Address - Street Name: 4th
  • Address - Suffix Type: St
  • State: MI
  • City Name: Union Pier
  • Zip Code: 49129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $985,666

    Appraisal Valuation

  • Standard Deviation: 0.2051
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 72
  • Final Value: 1,224,478
  • High Value: 1,475,707
  • Low Value: 973,249

    Market Valuation

  • Market Total Value: $838,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $419,200
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

2025 ft²

Average Home Age

59.5 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

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MichRIC

Listed by: William Schauble, @properties Christie's International R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 18004207
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 16321 4th Street built and last sold?
The property at 16321 4th Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 16321 4th Street is $0.
What are some comparable homes to 16321 4th Street?
There are currently no comparable homes to 16321 4th Street.
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