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456 456/458 E Chippewa River Rd, Midland, MI, 48640

3beds
3baths
1,782sqft
$795,000
$446price/sqft
$5,560/moest. monthly cost
$222,400/yrincome needed

About This Home

For the first time ever, the historic Anderson/Arbury Farm is being offered for sale—an extraordinary legacy property rich in character, history, and opportunity. Set on approximately 78.56 acres with remarkable frontage along the scenic Chippewa River, this one-of-a-kind estate combines architectural significance with breathtaking natural beauty. At the heart of the property is a Mid-Century Modern residence featuring architectural renovations by renowned designer Alden B. Dow. The main level offers 1,782 square feet of thoughtfully designed living space, with an additional 1,150 square feet in the finished walk-out lower level. The home includes two fireplaces, two furnaces, two central air units, a generator, and an attached two-car garage. Expansive windows frame stunning river views, filling the home with natural light and creating a peaceful, inspiring atmosphere. Beyond the main residence, a 25x19 pool house provides finished living space complete with a Murphy bed, fireplace, and full bathroom—ideal for guests or entertaining. The estate also features four substantial outbuildings offering exceptional versatility. Two large barns—measuring 160x60 feet and 95x40 feet—have cement floors and are fully insulated and heated, with the 95x40 barn also including a finished half bath. A third barn connects to the original structure and offers additional finished space (lift not included). The land itself is a beautiful blend of productive farmland and serene riverfront. The fields are currently planted in soybeans and leased through this fall, presenting the opportunity for continued agricultural income or a new vision tailored to your needs. Whether you envision a private homestead, a working farm, a multi-generational retreat, or a distinctive event venue, this exceptional property offers the space and flexibility to bring that vision to life. More than just real estate, this is a rare opportunity to own a significant piece of Mid-Michigan heritage—complete with architectural distinction, versatile outbuildings, and one of the region’s most picturesque stretches of riverfront.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

7/10
Central Park ElementaryGrades K-55.9 mi
9/10
Jefferson Middle SchoolGrades 6-86.7 mi
9/10
H.H. Dow High SchoolGrades 9-124.5 mi

Construction

Condition

  • Year built: 1935

Materials

  • Foundation: Basement
  • Construction materials: Wood

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Partially Finished,Walk-Out Access

Bathroom1

  • Features: Ceramic Floor
  • Level: First

Bathroom2

  • Features: Ceramic Floor
  • Level: First

Bathroom3

  • Features: Ceramic Floor
  • Level: Lower

Bedroom1

  • Features: Carpet
  • Level: First
  • Area: 440

Bedroom2

  • Features: Carpet
  • Level: First
  • Area: 200

Bedroom3

  • Level: Lower
  • Area: 100

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Family Room

  • Area: 168

Features

  • Flooring: Carpet,Carpet,Carpet,Ceramic,Ceramic,Ceramic
  • Fireplace features: Family Room,Natural Fireplace
  • Fireplace: Yes
  • Finished area below ground: 1,150

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 17,821,150
  • Total interior livable area: 1,782 sqft

Living Room

  • Features: Carpet
  • Level: First
  • Area: 432

Property

Details

  • Parcel number: Parcels: 04002810000000,

Features

  • Levels: One
  • Stories: 1
  • Pool features: In Ground,Outdoor Pool
  • Patio & porch: Patio
  • Exterior features: Lawn Sprinkler
  • On waterfront: Yes
  • Waterfront features: River Front
  • Frontage type: Waterfront
  • Frontage length: 346

Lot

  • Lot size: 78.56 Acres
  • Features: Large Lot - 65+ Ft.
  • Lot size dimensions: Irregular

Parking

  • Total spaces: 2
  • Parking features: 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 WindVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Cold Wave
Inland Flooding
Tornado
Hail
Lightning

FEMA Declared Disasters in Midland 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 $4,019$48,228
Home Insurance *$427$5,124
Property Taxes $920$11,040
Electricity $194$2,332
Total$5,560$66,720
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$190,628/yr
40% on housing$166,800/yr
45% on housing$148,266/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: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$446This listing

vs Other Active Listings

Avg $/sqft

ZIP 48640$141
Midland County$152

vs Homes Sold Last Month

Median $/sqft

ZIP 48640$140
Midland County$140

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
2026-08-07Contingent$795,000
2026-08-01Price change$795,000
2026-07-29Price change$995,000
2026-07-13Listed for sale$1,075,000
2026-06-23Contingent$1,075,000
2026-06-01Price change$1,075,000
2026-05-26Price change$1,300,000
2026-04-30Pending sale$1,600,000
2026-03-05Price change$1,600,000
2026-03-05Price change$2,200,000
2026-03-05Price change$1,050,000
2025-12-29Price change$2,300,000
2025-11-12Price change$1,100,000
2025-10-22Price change$1,320,000
2025-09-29Price change$1,400,000
2025-09-12Listed for sale$1,600,000

For Sale by Agent

AgentBridget Sonntag
BrokerageAyre Rhinehart Real Estate Partners

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