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Grand Beach 49117
48105 Walnut Avenue
$362,000
● House - Off Market

48105 Walnut Avenue

New Buffalo, MI 49117
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,500 Ft²
$744,933
RealtyHop Estimate
105.78%
Since Apr 1, 2013
National-US
Primary Model

About This Property

For comp purposes only.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$145
Property Type
House
Property Taxes
$562
HOA Dues
-
Year Built
1967

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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 #13013711)

Price History

Date / Event Date Event Price
Feb 9, 2017 Sold
Premium
Sold
Aug 28, 2016 Listed by Chris Crawford Ltd. $410,000
Listed by Chris Crawford Ltd.
Mar 15, 2013 Listed by Chris Crawford Ltd. $362,000
Listed by Chris Crawford Ltd.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,274
  • Garage Type: 7
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,274
  • Building Area: 1,274
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,274
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGE ADD
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 33 RIDGE ADD TO GRAND BEACH SPRINGS

Neighborhood

  • School District Name: New Buffalo Area School District
  • School Tax School District: NEW BUFFALO
  • Census Tract: 011302

Zoning

  • Zoning: SELECTZONI

Geography

  • Assessors Map Reference: 018-3
  • District: 39
  • Parcel: 39-6750-0033-00-7
  • Lot: 33
  • Municipality: NEW BUFFALO TWP
  • Latitude: 41.7734
  • Longitude: -86.7943

    Address

  • Full Address: 48105 Walnut Ave
  • Legal Unit: 33
  • Address - House Number: 48105
  • Address - Street Name: Walnut
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: New Buffalo
  • Carrier Code: R001
  • 4-Digit Zip Code: 8914
  • Zip Code: 49117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $544,084

    Appraisal Valuation

  • Standard Deviation: 0.2443
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 65
  • Final Value: 597,432
  • High Value: 743,396
  • Low Value: 451,469

    Market Valuation

  • Market Total Value: $588,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $294,400

    Sales

  • Current Sale Contract Date: Feb 01, 2017
  • Current Sale Recording Date: Feb 09, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Mar 19, 2013
  • Previous Sale Contract Date: Mar 12, 2013
  • 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 Grand Beach

Stats & Trends

Median Asking:

$1,499,000

Sale Price/ft²

$482

Below Asking

0.03%

Average Days on Market

79

Average Home Size

4132 ft²

Average Home Age

23.5 years

Currently For Sale

4 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: Mark Wortman, Chris Crawford Ltd.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 13013711
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 48105 Walnut Avenue built and last sold?
The property at 48105 Walnut Avenue was built in 1967 and last sold on Feb 1, 2017 for $373,500.
How much is this home worth?
The estimated value of the home located at 48105 Walnut Avenue is $411,760.
What are some comparable homes to 48105 Walnut Avenue?
There are currently no comparable homes to 48105 Walnut Avenue.
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