See other homes in:
Primary listing photo

552 3rd St, Fennville, MI, 49408

--beds
--baths
--sqft
$875,000
--price/sqft
$5,595/moest. monthly cost
$223,800/yrincome needed

About This Home

Multi-Family development opportunity within the city limits. Full access to municipal water, municipal sewer, natural gas and electric. Current zoning may allow for over 200 units. Near the recently updated Memorial Paradise Park. Walking distance to the Fennville School campus and downtown Fennville. Great opportunity for affordable, workforce and missing middle housing. Property owners may be willing to be development partners. One of the owners is a licensed real estate broker in the State of Michigan

Getting Around

34
WalkingCar-Dependent
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

4/10
5/10
Fennville Middle SchoolGrades 6-80.4 mi
5/10

Construction

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Property

Details

  • Parcel number: 5203204801
  • Zoning description: multiple

Lot

  • Lot size: 10.76 Acres
  • Features: Level,Buildable,Wooded
  • Lot size dimensions: 1026 x 1371 x 910

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

  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hail
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in Allegan 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 $4,424$53,088
Home Insurance *$254$3,048
Property Taxes $729$8,748
Electricity $188$2,259
Total$5,595$67,140
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$191,828/yr
40% on housing$167,850/yr
45% on housing$149,200/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: 18.9%
18.9%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.0%
0.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 49408$277
Allegan County$258

vs Homes Sold Last Month

Median $/sqft

ZIP 49408$275
Allegan County$217

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
2025-10-24Listed for sale$875,000
2012-08-07Sold$10,900

For Sale by Agent

AgentNico Leo
BrokerageColdwell Banker Woodland Schmidt Saugatuck

Similar Homes