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Berrien 49117
16640 Timber Lane
$585,000
● House - Off Market

16640 Timber Lane

New Buffalo, MI 49117
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,630 Ft²
$1,153,476
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Located within Timber Lane Estates, which boasts one of the most beautiful and private beaches on Lake Michigan, this classic home has 4 bedrooms, a full basement, and lovely outdoor entertainment areas; making it perfect for guests and family gatherings.  The full basement would make a fun rec room and has high ceilings and plumbing already roughed in for a bathroom. There is room for a pool out back and with the price reduced to $649,900, it's a property priced to sell.  It is pretty tough to find a property so close to our gorgeous Lake Michigan and in the middle of all the fun of Harbor Country and New Buffalo for this price.   Buyer and buyer agent to verify all information.
Unit Size
2,630 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$247
Property Type
House
Property Taxes
$580
HOA Dues
$10
Year Built
1989

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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 #15021606)

Price History

Date / Event Date Event Price
Aug 3, 2015 Sold
Premium
Sold
May 5, 2015 Listed by Coldwell Banker Anchor R.E. $649,900
Listed by Coldwell Banker Anchor R.E.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,250
  • Garage Type: 7
  • Garage Square Area: 556
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,379
  • Lot Size Frontage Feet: 1,420
  • Total Building Area: 2,572
  • Building Area: 2,572
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,572
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBER LANE ESTATES
  • Land Acres: 0000000353
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 104 REPLAT OF TIMBER LANE ESTATES NO 3

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 335-3
  • District: 13
  • Parcel: 13-7721-0104-00-9
  • Lot: 104
  • Municipality: NEW BUFFALO TWP
  • Latitude: 41.819
  • Longitude: -86.7128

    Address

  • Full Address: 16640 Timber Ln
  • Legal Unit: 104
  • Address - House Number: 16640
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: New Buffalo
  • Carrier Code: R002
  • 4-Digit Zip Code: 8208
  • Zip Code: 49117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $613,454

    Appraisal Valuation

  • Standard Deviation: 0.2051
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 72
  • Final Value: 1,165,930
  • High Value: 1,405,146
  • Low Value: 926,713

    Market Valuation

  • Market Total Value: $1,028,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $514,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 21, 2015
  • Current Sale Recording Date: Aug 06, 2015
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 10, 2008
  • Previous Sale Contract Date: Aug 20, 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:

$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

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MichRIC

Listed by: Nancy A Blanks, Coldwell Banker Anchor R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 15021606
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 16640 Timber Lane built and last sold?
The property at 16640 Timber Lane was built in 1989 and last sold on Jul 21, 2015 for $0.
How much is this home worth?
The estimated value of the home located at 16640 Timber Lane is $0.
What are some comparable homes to 16640 Timber Lane?
There are currently no comparable homes to 16640 Timber Lane.
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