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1516 W Addison Way, Muskegon, MI, 49445

3beds
3baths
2,175sqft
$439,900
$202price/sqft
$2,981/moest. monthly cost
$119,240/yrincome needed

About This Home

High quality, new condo finished and ready for new owners in the well-established and small Bloomfield Acres Condominium Association! Great location-only 3.7 miles to Meijer & 5 miles to Lake Michigan/Muskegon State Park. This 1420 sq ft spacious main floor features 2 bedrooms, 2 full baths, laundry/mudroom with custom bench, vaulted ceilings, granite counters, stainless steel kitchen appliances, four-season room, & private composite deck. The daylight basement includes a finished second living space with bonus area, third bedroom, & third full bathroom (additional 755 sq ft). The oversized 2-car attached garage is fully insulated, dry-walled, & primed. High quality throughout with many features included that are usually extras in other new construction including solid wood, soft close cabinets with crown molding, gutters, extra LED lighting, composite decking, and more. Call today for your private showing!

Getting Around

4
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

5/10
Central Elementary SchoolGrades PK-40.2 mi
6/10
6/10
Reeths-Puffer High SchoolGrades 9-123.5 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2025

Materials

  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: Condo
  • Architectural style: Ranch
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Range,Refrigerator
  • Laundry features: Gas Dryer Hookup,In Hall,Main Level,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Daylight,Full

Bathroom2

  • Area: 56.727
  • Dimensions: 9.90 x 5.73

Bathroom3

  • Area: 45.8865
  • Dimensions: 5.15 x 8.91

Bedroom2

  • Area: 167.5596
  • Dimensions: 11.96 x 14.01

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bedrooms: 2

Features

  • Center Island
  • Window features: Screens,Insulated Windows,Window Treatments
  • Finished area below ground: 755

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,420
  • Total interior livable area: 2,175 sqft

Other

  • Area: 134.5456
  • Dimensions: 11.48 x 11.72

Utility Room

  • Area: 354.5568
  • Dimensions: 28.41 x 12.48

Property

Accessibility

  • Accessibility features: Accessible Mn Flr Bedroom,Accessible Mn Flr Full Bath,Covered Entrance,Low Threshold Shower

Details

  • Parcel number: 6109215000005400

Features

  • Stories: 1

Lot

  • Features: Ground Cover

Parking

  • Total spaces: 2
  • Parking features: Garage Faces Front,Garage Door Opener,Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Lightning
Tsunami

FEMA Declared Disasters in Muskegon County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,224$26,688
Home Insurance *$162$1,944
Property Taxes $358$4,296
Electricity $237$2,846
Total$2,981$35,772
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$102,205/yr
40% on housing$89,430/yr
45% on housing$79,493/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.1%
9.1%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.1%
-0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$202This listing

vs Other Active Listings

Avg $/sqft

ZIP 49445$178
Muskegon County$153

vs Homes Sold Last Month

Median $/sqft

ZIP 49445$175
Muskegon County$174

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-07Listed for sale$439,900
2026-04-21Pending sale$439,900
2025-07-12Listed for sale$439,900

New Construction

AgentSusan Besteman
BrokerageBesteman Properties Group Inc.

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