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30410 County Road 407 Rd, Newberry, MI, 49868

3beds
2baths
1,808sqft
$350,000
$194price/sqft
$2,406/moest. monthly cost
$96,240/yrincome needed

About This Home

This unique Muskallonge Lake commercially zoned property features a 3bed, 2bath home, a rental cottage, and a former camp store that could be made into another rental, reopened as a store, or any other commercial endeavor. The property has 282 feet of unimproved south facing frontage on Muskallonge Lake, the North Country Trail passes thru the property. Just 1000 yards from the property on NCT is Lake Superior. The home is a nice 3bed, 2 bath home that could use some updating having been vacant for several years. The store has been closed for several years but still has all the shelving and equipment as well as a full kitchen making it easy to convert to a cottage or bunk house. The 400sq ft cottage could be a great income generator with this properties fantastic location. Muskallonge Lake is about 786 acres and is known to be shallow and weedy. It does not get much more than 20 feet deep though much of the lake is around 10 feet deep. It is not known as a quality fishing lake though many folks find it fun as it is known to be over populated with aggressive pike. The lake also has an abundance of bullhead and perch are commonly caught. The lake is mostly undeveloped and is not popular for motorsports making it a quiet place to enjoy the water. There 1000s of acres of state land in the area including miles and miles of Lake Superior shoreline and several small inland lakes. The possibilities are almost endless for this secluded commercial property on one of the most scenic routes in the country. Co Rd 407 is the route between Tahquamenon Falls area and Grand Marais along the shore.

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

4/10
Newberry Area SchoolGrades PK-1223.4 mi

Construction

Condition

  • Year built: 1978

Materials

  • Foundation: Basement
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range/Oven,Refrigerator,Electric Water Heater

Basement

  • Has basement: Yes
  • Basement: Block,Unfinished

Bathroom1

  • Level: Main

Bathroom2

  • Level: Main

Bedroom1

  • Level: Main
  • Area: 187

Bedroom2

  • Level: Main
  • Area: 143

Bedroom3

  • Level: Main
  • Area: 132

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 132

Family Room

  • Level: Main
  • Area: 242

Features

  • None
  • Number of fireplaces: 1
  • Fireplace features: Free Standing Fireplace,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,808

Heating & Cooling

  • Heating features: Forced Air,Oil
  • Cooling features: None

Interior Area

  • Total structure area: 3,616
  • Total interior livable area: 1,808 sqft

Kitchen

  • Level: Main
  • Area: 132

Living Room

  • Level: Main
  • Area: 209

Property

Details

  • Parcel number: 0030150020900
  • Zoning description: Commercial
  • Special condition: Trust

Features

  • Levels: One
  • Stories: 1
  • Exterior features: None
  • Has view: Yes
  • View description: Water,Lake
  • Has water view: Yes
  • Water view: Water,Lake
  • On waterfront: Yes
  • Waterfront features: All Sports Lake,Lake Front,Interior Lake,Waterfront,Sandy Bottom
  • Waterbody name: Muskallonge Lake
  • Frontage length: 281

Lot

  • Lot size: 4.50 Acres
  • Features: Deep Lot - 150+ Ft.,Large Lot - 65+ Ft.,Rural
  • Lot size dimensions: 282 x 679 x 283 x 710

Parking

  • Total spaces: 3
  • Parking features: 3 or More Spaces

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

  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Lightning
Cold Wave
Hail
Strong Wind
Wildfire
Winter Weather
Tsunami

FEMA Declared Disasters in Luce 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 $1,769$21,228
Home Insurance *$216$2,592
Property Taxes $224$2,688
Electricity $197$2,366
Total$2,406$28,872
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$82,491/yr
40% on housing$72,180/yr
45% on housing$64,160/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: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: -5.1%
-5.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$194This listing

vs Other Active Listings

Avg $/sqft

ZIP 49868$136
Luce County$154

vs Homes Sold Last Month

Median $/sqft

ZIP 49868
Luce County$78

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)

No zestimate history available

Price History

DateEventPrice
2024-11-07Price change$350,000
2024-02-15Listed for sale$375,000
2024-02-09Listing removed$499,000
2021-09-03Listed for sale$499,000

For Sale by Agent

AgentSteven Shaw
BrokerageGreat North Real Estate, LLC

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