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Berrien
16487 Northway
$545,000
● House - Off Market

16487 Northway

New Buffalo, MI 49117
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,980 Ft²
$924,934
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

Contemporary beach home in New Buffalo's Timber Lane Estates! Neatly tucked on an over 1/2 acre beautifully landscaped lot just a short walk to a private association beach on fabulous Lake Michigan. Huge deck and plenty of outdoor space is so inviting, you won't want to leave! But the inside is just as inviting! Warm, cozy & neat as a pin home features three fireplaces plus wood burning stove in recently enclosed all season porch. Remodeled baths, updated kitchen, windows and door replaced. Newer furnace & a/c. You will surely appreciate all the care and improvements that have gone into this home. Two car attached garage plus storage shed. Don't delay, homes this nice and in this location do not last long.
Unit Size
1,980 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$277
Property Type
House
Property Taxes
$744
HOA Dues
-
Year Built
1984

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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 #16042246)

Price History

Date / Event Date Event Price
Nov 14, 2016 Sold
Premium
Sold
Aug 14, 2016 Listed by Coldwell Banker Realty $549,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 693
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,003
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 1,760
  • Total Building Area: 1,628
  • Building Area: 1,628
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,628
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBER LANE ESTATES
  • Land Acres: 0000000574
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 24 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: 13-7710-0024-00-0
  • Lot: 24
  • Municipality: NEW BUFFALO TWP
  • Latitude: 41.8212
  • Longitude: -86.7088

    Address

  • Full Address: 16487 Northway
  • Legal Unit: 24
  • Address - House Number: 16487
  • Address - Street Name: Northway
  • State: MI
  • City Name: New Buffalo
  • Carrier Code: R002
  • 4-Digit Zip Code: 9296
  • Zip Code: 49117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $651,439

    Appraisal Valuation

  • Standard Deviation: 0.2443
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 65
  • Final Value: 953,989
  • High Value: 1,187,065
  • Low Value: 720,912

    Market Valuation

  • Market Total Value: $847,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $423,800

    Sales

  • Current Sale Contract Date: Nov 04, 2016
  • Current Sale Recording Date: Nov 14, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 17, 2003
  • Previous Sale Contract Date: Jun 05, 2003
  • 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

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MichRIC

Listed by: Cathy Smith, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 16042246
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 16487 Northway built and last sold?
The property at 16487 Northway was built in 1984 and last sold on Nov 4, 2016 for $545,000.
How much is this home worth?
The estimated value of the home located at 16487 Northway is $0.
What are some comparable homes to 16487 Northway?
There are currently no comparable homes to 16487 Northway.
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