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Berrien 49117
16334 Timber Lane
$4,500,000
● House - Off Market

16334 Timber Lane

New Buffalo, MI 49117
bedrooms
7 Beds
bathrooms
8 Baths, 2 Half Baths
square feet
7,795 Ft²
$7,946,298
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

Timber Lane Lakefront Estate on 200 feet of wide, private beach and sweeping views.  First time offered, architectural design by Larson – Kramer Hinsdale Architectural.   7, 800 square feet, finishes of exceptional quality and design. Main level master suite. Two story living room to embrace lake views, spacious dining room and paneled den.  Upper level features 4 bedrooms with attached baths and lake views.  Lower level with full kitchen, family room, second fireplace, two bedrooms, bath and half bath, walk out to huge yard and low bluff to beach.  3+ car attached garage.  A home for all seasons.
Unit Size
7,795 Ft²
Days on Market
-
Land Size
1.35 acres
Price per sqft
$640
Property Type
House
Property Taxes
$2,935
HOA Dues
-
Year Built
1992

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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 #15051957)

Price History

Date / Event Date Event Price
Sep 18, 2017 Sold
Premium
Sold
Sep 23, 2015 Listed by Farley Real Estate, Inc. $4,990,000
Listed by Farley Real Estate, Inc.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,893
  • Garage Type: 7
  • Garage Square Area: 912
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 59,982
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 5,508
  • Building Area: 5,508
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,508
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBER LANE ESTATES
  • Land Acres: 0000001377
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 52 & 53 TIMBER LANE ESTATES NO 2

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: 335-2
  • District: 13
  • Parcel: 13-7710-0052-01-1
  • Lot: 52-53
  • Municipality: NEW BUFFALO TWP
  • Latitude: 41.8242
  • Longitude: -86.709

    Address

  • Full Address: 16334 Timber Ln
  • Address - House Number: 16334
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: New Buffalo
  • Carrier Code: R002
  • 4-Digit Zip Code: 9266
  • Zip Code: 49117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,520,013

    Appraisal Valuation

  • Standard Deviation: 0.3113
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 37
  • Final Value: 3,198,314
  • High Value: 4,194,228
  • Low Value: 2,202,399

    Market Valuation

  • Market Total Value: $6,450,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,225,200

    Sales

  • Current Sale Contract Date: Sep 11, 2017
  • Current Sale Recording Date: Sep 18, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3183-1813
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

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MichRIC

Listed by: Judith Dillon-Farley, Farley Real Estate, Inc.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 15051957
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 16334 Timber Lane built and last sold?
The property at 16334 Timber Lane was built in 1992 and last sold on Sep 11, 2017 for $4,500,000.
How much is this home worth?
The estimated value of the home located at 16334 Timber Lane is $0.
What are some comparable homes to 16334 Timber Lane?
There are currently no comparable homes to 16334 Timber Lane.
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