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Berrien
16420 Third Street
$325,000
● House - Off Market

16420 Third Street

Union Pier, MI 49129
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,128 Ft²
$481,634
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Wonderful cottage with private deeded Gowdy Shores Beach Rights just 2 blocks away are just the beginning to the enjoyment you will have for years to come. Many original features in the cottage give it the charm and character of a more relaxing time. Open concept design, 3 bedrooms and plenty of room for entertaining both inside and out. Lake Michigan and Harbor Country are all yours at a very pleasing price.
Unit Size
1,128 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$266
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
1945

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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 #17024357)

Price History

Date / Event Date Event Price
Jun 30, 2017 Sold
Premium
Sold
May 24, 2017 Listed by Keller Williams Realty SWM $300,000
Listed by Keller Williams Realty SWM
Dec 13, 1999 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • 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: 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 1,120
  • Total Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GOWDY SHORES
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG ON ELY LN LOT 53 GOWDY SHORES 125' S18DEG19'08''W OF NELY COR LOT 54 TH S18DEG19'08''W 115.42' TH N71DEG57'52''W 94.10'

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: 336-1
  • District: 13
  • Parcel: 13-2850-0053-00-8
  • Lot: 53-54
  • Municipality: NEW BUFFALO TWP
  • Latitude: 41.8225
  • Longitude: -86.7049

    Address

  • Full Address: 16420 3rd St
  • Legal Unit: 53,54
  • Address - House Number: 16420
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: MI
  • City Name: Union Pier
  • Carrier Code: R001
  • 4-Digit Zip Code: 9441
  • Zip Code: 49129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $483,637

    Appraisal Valuation

  • Standard Deviation: 0.2443
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 65
  • Final Value: 544,637
  • High Value: 677,701
  • Low Value: 411,572

    Market Valuation

  • Market Total Value: $497,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $248,500

    Sales

  • Current Sale Contract Date: Jul 03, 2003
  • Current Sale Recording Date: Oct 17, 2003
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 13, 1999
  • Previous Sale Contract Date: Dec 13, 1999
  • Previous Sale Amount: $183,500
  • 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

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: The Fahrberger Team, Keller Williams Realty SWM
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 17024357
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 16420 3rd Street built and last sold?
The property at 16420 3rd Street was built in 1945 and last sold on Jul 3, 2003 for $0.
How much is this home worth?
The estimated value of the home located at 16420 3rd Street is $0.
What are some comparable homes to 16420 3rd Street?
There are currently no comparable homes to 16420 3rd Street.
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