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New Buffalo 49117
2 Riverview Lane
$880,000
● House - Off Market

2 Riverview Lane

New Buffalo, MI 49117
bedrooms
5 Beds
bathrooms
5 Baths
square feet
4,720 Ft²
$1,285,580
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Amazing Galien River views and the nature filled preserve, though just a 10 minute walk to the shops, restaurants, marinas, train and beach of New Buffalo! This home has it all!  Built  in 2010, immaculate like new condition,5 bedrooms, 5 baths. Master on main .   Open floor plan with walnut floors & gourmet kitchen with custom cabinetry. Marvin windows & doors.  Spacious screened  porch with fireplace & sweeping views of the preserve.  Two levels of living area perfect for the family & guests. This property has very impressive rental history for a smart investment. Association fees are $300.00 per YEAR.  Don't miss this like new cottage style home in the heart of Harbor Country!
Unit Size
4,720 Ft²
Days on Market
-
Land Size
-
Price per sqft
$190
Property Type
House
Property Taxes
$1,069
HOA Dues
-
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 #19002258)

Price History

Date / Event Date Event Price
Mar 31, 2020 Sold
Premium
Sold
Jan 17, 2019 Listed by Farley Real Estate, Inc. $899,000
Listed by Farley Real Estate, Inc.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,144
  • Garage Type: 7
  • Garage Square Area: 531
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 4,361
  • Building Area: 4,361
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,361
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERVIEW CONDO ASSOCIATION
  • Land Acres: 0000001000
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: UNIT 2 RIVERVIEW CONDOMINIUM ASSOCIATION LIBER 127 PAGE 1 FIRST AMENDMENT LIBER 127 PAGE 71

Neighborhood

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

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: 010-1
  • District: 62
  • Parcel: 62-6600-0002-01-9
  • Municipality: NEW BUFFALO CITY
  • Latitude: 41.7984
  • Longitude: -86.7399

    Address

  • Full Address: 2 Riverview Rd
  • Legal Unit: 2
  • Address - House Number: 2
  • Address - Street Name: Riverview
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: New Buffalo
  • Carrier Code: R003
  • 4-Digit Zip Code: 8876
  • Zip Code: 49117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,448,960

    Appraisal Valuation

  • Standard Deviation: 0.1985
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 73
  • Final Value: 1,253,769
  • High Value: 1,502,649
  • Low Value: 1,004,889

    Market Valuation

  • Market Total Value: $949,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $474,900

    Sales

  • Current Sale Contract Date: May 15, 2008
  • Current Sale Recording Date: May 19, 2008
  • Current 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 New Buffalo

Stats & Trends

Median Asking:

$590,000

Sale Price/ft²

$411

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1916 ft²

Average Home Age

67.2 years

Currently For Sale

31 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: Judith Dillon-Farley, Farley Real Estate, Inc.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 19002258
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 2 Riverview Lane built and last sold?
The property at 2 Riverview Lane was built in and last sold on May 15, 2008 for $0.
How much is this home worth?
The estimated value of the home located at 2 Riverview Lane is $0.
What are some comparable homes to 2 Riverview Lane?
There are currently no comparable homes to 2 Riverview Lane.
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