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7435 3rd St, Thompsonville, MI, 49683

2beds
1baths
1,100sqft
$189,000
$172price/sqft
$1,504/moest. monthly cost
$60,160/yrincome needed

About This Home

Welcome to this beautifully updated 2-bedroom home in Thompsonville, just minutes from Crystal Mountain. Completely redone from top to bottom, this home features a cozy open living and dining area with a sliding glass door leading to a spacious backyard with a garden area. New electrical, new plumbing, completed with spray foam insulation, heated and cooled with mini-split heat system. The kitchen includes a convenient walk-in pantry/laundry room. Enjoy relaxing in the screened-in sun porch or on the covered front porch, with an additional deck out back for entertaining. Whether you're looking for a primary residence or a potential income property, this home offers great flexibility. A few finishing touches remain, but overall, this is a solid opportunity in a highly desirable location. Near national forest and public land, ORV and snowmobile trails, Betsie River, 20 min drive to Lake Michigan.

Getting Around

13
WalkingCar-Dependent
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

3/10
Betsie Valley SchoolGrades PK-52.1 mi
5/10
6/10

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Farmhouse,Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Oven,Refrigerator,Washer
  • Laundry features: Electric Dryer Hookup,Laundry Closet,Main Level,Other,Washer Hookup

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 1

Features

  • Pantry
  • Window features: Screens,Garden Window
  • Flooring: Carpet,Vinyl

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Ductless

Interior Area

  • Total structure area: 1,100
  • Total interior livable area: 1,100 sqft

Property

Details

  • Parcel number: 1250302100

Features

  • Stories: 2
  • Exterior features: Other

Lot

  • Lot size: 0.55 Acres
  • Features: Shrubs/Hedges
  • Lot size dimensions: 100 x 240

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

  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Cold Wave
Inland Flooding
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters in Benzie 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 $955$11,460
Home Insurance *$77$924
Property Taxes $284$3,408
Electricity $188$2,259
Total$1,504$18,048
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$51,565/yr
40% on housing$45,120/yr
45% on housing$40,106/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: 5.0%
5.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$172This listing

vs Other Active Listings

Avg $/sqft

ZIP 49683$193
Benzie County$277

vs Homes Sold Last Month

Median $/sqft

ZIP 49683$223
Benzie County$298

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
2026-04-08Listed for sale$189,000

For Sale by Agent

AgentJenna Mahoney
BrokerageEssential Real Estate

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