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

3beds
3baths
2,932sqft
$795,000
$271price/sqft
$5,685/moest. monthly cost
$227,400/yrincome needed

About This Home

For the first time ever, the historic Anderson/Arbury Farm is being offered for sale—an exceptional property rich in character, history, and opportunity. Situated on approximately 78.56 acres with an incredible 7,550 feet of frontage on the beautiful Chippewa River & 4950 ft of road frontage, this legacy estate features a Mid-Century Modern home with architectural renovations by Alden B. Dow. The main level of the home offers 1,782 sq ft of living space, complemented by an additional 1,150 sq ft in the finished, walk-out lower level. The home includes two fireplaces, two furnaces, and two AC units, generator, along with an attached two-car garage. Large windows provide stunning views of the river, creating a peaceful and inspiring setting. In addition to the main residence, the property includes a 25'x19' pool house and pool offering finished living space complete with a murphy bed, fireplace, and full bathroom—ideal for guests or entertaining. The estate also includes four impressive outbuildings with a variety of uses. Two large barns—measuring 160x60 ft and 95x40 ft—both feature cement floors and are fully insulated and heated. The 95x40 ft barn also includes a finished half bath. A third barn is attached to the original barn and features additional finished space (lift not included). The land itself is a perfect blend of open farmland and natural riverfront. The farm fields are currently planted with soybeans and under lease until this fall, offering the potential for continued agricultural income or a new vision for the property. Whether you're seeking a private homestead, a working farm, a multi-generational compound, or a unique venue space, this one-of-a-kind property delivers space, history, and flexibility in a breathtaking setting. This is more than just a property—it’s a rare opportunity to own a piece of Mid-Michigan heritage with architectural distinction, versatile outbuildings, and one of the most scenic stretches of riverfront in Central Michigan.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
22
BikeSomewhat Bikeable

Schools

7/10
Central Park ElementaryGrades K-56.0 mi
9/10
Jefferson Middle SchoolGrades 6-86.8 mi
9/10
H.H. Dow High SchoolGrades 9-124.7 mi

Construction

Condition

  • Year built: 1935

Materials

  • Foundation: Basement
  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Bar Fridge,Dishwasher,Range/Oven,Refrigerator
  • Laundry features: Lower Level

Basement

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

Bathroom1

  • Features: Ceramic
  • Level: First

Bathroom2

  • Features: Ceramic
  • Level: First

Bathroom3

  • Features: Ceramic
  • Level: First

Bedroom1

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

Bedroom2

  • Features: Carpet
  • Level: First
  • Area: 280

Bedroom3

  • Level: Basement
  • Area: 100

Bedrooms & Bathrooms

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

Family Room

  • Area: 168

Features

  • Window features: Bay Window(s)
  • Flooring: Carpet,Ceramic Tile
  • Number of fireplaces: 2
  • Fireplace features: Family Room,Natural Fireplace
  • Fireplace: Yes
  • Finished area below ground: 1,150
  • Finished area above ground: 1,782

Heating & Cooling

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

Interior Area

  • Total structure area: 2,932
  • Total interior livable area: 2,932 sqft

Kitchen

  • Level: Lower
  • Area: 119

Living Room

  • Features: Carpet
  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 04002810000000
  • Zoning description: Agricultural
  • Horse amenities: Hay Storage

Features

  • Levels: One
  • Stories: 1
  • Private pool: Yes
  • Pool features: In Ground
  • Patio & porch: Patio
  • Exterior features: Lawn Sprinkler
  • On waterfront: Yes
  • Waterfront features: River Front,Waterfront
  • Frontage length: 7550

Lot

  • Lot size: 78.56 Acres
  • Features: Large Lot - 65+ Ft.,Rural,Farm,Splits Available
  • 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 $319$3,837
Total$5,685$68,220
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$194,914/yr
40% on housing$170,550/yr
45% on housing$151,600/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

$271This listing

vs Other Active Listings

Avg $/sqft

ZIP 48640$144
Midland County$153

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
2026-07-15Listed 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
2026-05-11Pending sale$1,600,000
2026-03-16Price change$1,600,000
2026-03-05Price change$2,200,000
2026-01-07Listed for sale$2,300,000

For Sale by Agent

AgentBridget Sonntag
BrokerageAyre/Rhinehart REALTORS

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