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4985 W Gilpin Rd, Three Oaks, MI, 49128

4beds
1baths
1,468sqft
$225,000
$153price/sqft
$1,613/moest. monthly cost
$64,520/yrincome needed

About This Home

Bring your vision to this unique 2.84-acre property with space, privacy, and potential. Once part of the original Avery settlement, the 3-bed/1-bath home is accompanied by several outbuildings, including a 3,200+ sq. ft. century-old barn waiting to be restored to its original glory. The seller has recently invested in demolishing three deteriorated structures, reducing cleanup and removal work for the next owner. An additional 1,700+ sq. ft. pole barn with high ceilings offers room for RVs, boats, equipment, or a future workshop. The charming grain bin could be repurposed into a covered outdoor entertaining area. Mature trees and a peaceful rural setting surround the property, while its location just off US-12 provides convenient access to Chicago in under 1.5 hours. This rehabilitation project is ideal for an experienced buyer ready to restore and reimagine a one-of-a-kind property. CASH ONLY—REHAB REQUIRED. Proof of funds required before showing will be approved.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

6/10
5/10
River Valley High SchoolGrades 6-123.3 mi

Construction

Condition

  • Year built: 1860

Materials

  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

  • Laundry features: Electric Dryer Hookup,In Basement,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Michigan Basement,Partial

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 1

Features

  • Ceiling Fan(s)
  • Flooring: Carpet,Vinyl
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 0

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 1,468
  • Total interior livable area: 1,468 sqft

Property

Details

  • Parcel number: 112000010018010
  • Zoning description: Ag

Features

  • Stories: 2

Lot

  • Lot size: 2.84 Acres
  • Lot size dimensions: irregular

Parking

  • Parking features: Detached

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

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

How This Home’s Risks Compare

Cold Wave
Hail
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in Berrien 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 $1,137$13,644
Home Insurance *$97$1,164
Property Taxes $191$2,292
Electricity $188$2,259
Total$1,613$19,356
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$55,302/yr
40% on housing$48,390/yr
45% on housing$43,013/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: 5.8%
5.8%
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

$153This listing

vs Other Active Listings

Avg $/sqft

ZIP 49128$217
Berrien County$246

vs Homes Sold Last Month

Median $/sqft

ZIP 49128$317
Berrien County$175

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
2026-08-07Pending sale$225,000
2026-07-23Listed for sale$225,000

For Sale by Agent

AgentDawn Tomlinson
BrokerageRE/MAX by the Lake

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