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5401 Lookout Ln #283, Kalamazoo, MI, 49002

3beds
3baths
0sqft
$115,900
--price/sqft
$956/moest. monthly cost
$38,240/yrincome needed

About This Home

Spring Offer - Free Rent + CashUse Code BUYTODAY to apply for FREE. Limited-time offer: Buy this spring and save! Get up to a $2,500 gift card plus 3 months of FREE site rent.*Restrictions apply. Offer expires 5/31/26*Check out this beautiful 3 -bedroom 2.5 -bathroom home AVAILABLE SOON! This home is fitted with a HUGE kitchen island and more cupboard space then you would know what to do with, a dining area perfect for family dinners and laminate flooring for easy clean-up! Not to mention all of the additional amenities this home has to offer. This home won't be on the market long, call now to schedule your appointment today!For more information, contact one of our Home Specialists!Photos shown are a representation of the layout only. Colors, finishes, fixtures, and design may vary. Ask a Home Specialist for details.Financing options available through lending partners. All credit scores considered. Conditions may apply. Approval contingent on approved credit and deposit. Equal Housing Opportunity (EHO). Breed restrictions apply. Contact our home specialists for details.

Getting Around

22
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

7/10
Central Elementary SchoolGrades PK-54.0 mi
7/10
6/10

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Type & Style

  • Home type: MobileManufactured
  • Property subType: Manufactured Home

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Finished area above ground: 0

Interior Area

  • Total structure area: 0

Property

Details

  • On leased land: Yes
  • Lease amount: 595

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
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Hail
Strong Wind
Tornado
Cold Wave
Winter Weather

FEMA Declared Disasters in Kalamazoo 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 $586$7,032
Home Insurance *$52$624
Property Taxes $130$1,560
Electricity $188$2,259
Total$956$11,472
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$32,777/yr
40% on housing$28,680/yr
45% on housing$25,493/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: -4.9%
-4.9%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
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 49002$150
Kalamazoo County$152

vs Homes Sold Last Month

Median $/sqft

ZIP 49002$194
Kalamazoo County$166

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
2026-05-01Listed for sale$115,900

New Construction

AgentChristine Pogodzinski
BrokerageColonial Acres

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