E 3 Mile Rd & E 4 1/2 Mile Rd Area
Wide open spaces
3 homes for sale·Median $338K·Walkability 0.0/10
Driving out through this stretch feels like you've stepped back from everything—rolling woods, open fields, and acreage that actually gives you room to breathe. Homes sit well off the road on parcels measured in acres, not feet, with covered decks and workshops tucked into private settings where entertaining means gathering under a pavilion on your own land. The landscape mixes thick timber with rolling hills, the kind of terrain that draws people serious about hunting and outdoor recreation.
Why people love it here
19.3 acre avg lots
- 338 homes
$338K median
- 2 recent sales
Conventional Mortgage Calculator
Median home price in E 3 Mile Rd & E 4 1/2 Mile Rd Area
Estimated Monthly Payment
$2,291/mo
Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.
The interest rate shown is not an annual percentage rate (APR). Rate displayed is the current average 30-year fixed rate from the Freddie Mac Primary Mortgage Market Survey and is subject to change without notice. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
Recent Sale Price
$338K
2 recent sales
Parks Nearby
0
within 1 mile
Nearest Park
Fairbanks Park
2.6 mi
Crime in E 3 Mile Rd & E 4 1/2 Mile Rd Area is reported at the city level, not the neighborhood level. The FBI doesn't publish reliable crime rates for individual neighborhoods, and within any community crime varies street to street. For an accurate, comparable picture, see the jurisdiction-wide figures for Lake County.
Lake County crime & safety stats →To buy a median-priced E 3 Mile Rd & E 4 1/2 Mile Rd Area home (around $337,500) at today's 6.49% 30-year fixed rate with 20% down, you'd need roughly $60k/year in household income to qualify — an estimated monthly payment of $2,245 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $2,245/mo | $59,862 |
| 10% (+PMI) | $2,584/mo | $68,919 |
| 5% (+PMI) | $2,698/mo | $71,948 |
Estimates use a 6.49% 30-year fixed rate (current Freddie Mac average), an aggressive ~45% housing-to-income ratio (roughly what FHA underwriting can allow for a buyer with no other monthly debts — your number depends on your debts and credit), this area's median sale price, plus estimated insurance and PMI below 20% down. Not a commitment to lend, and not an APR — your actual rate and payment will vary.
Land for sale
Listings
1 parcel
Active / pending
Typical Land Value
$7K/acre
Median asking
Median Price
$470K
Per listing
Solar potential
~$889/yr in electricity from a typical rooftop solar system
Produces ~6,223 kWh/yr · offsets ~59% of a typical home's use
Utility, solar, and service details for E 3 Mile Rd & E 4 1/2 Mile Rd Area are compiled from public records, municipal sites, and NREL / U.S. data.gov, and can change. Electric/gas can vary by address — confirm with the provider before relying on them.
Flood Risk
None
Not in flood zone
Nearest Park
Fairbanks Park
2.6 mi
Parks Nearby
0
within 1 mile
Frequently asked about E 3 Mile Rd & E 4 1/2 Mile Rd Area
- What do homes cost in E 3 Mile Rd & E 4 1/2 Mile Rd Area?
- The median home value in E 3 Mile Rd & E 4 1/2 Mile Rd Area is about $337,500. Individual prices vary by street, size, and condition.
- How active is the E 3 Mile Rd & E 4 1/2 Mile Rd Area housing market?
- there are 3 homes for sale in E 3 Mile Rd & E 4 1/2 Mile Rd Area right now, and 2 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve E 3 Mile Rd & E 4 1/2 Mile Rd Area?
- E 3 Mile Rd & E 4 1/2 Mile Rd Area is served by Pine River Area Schools.
- Is E 3 Mile Rd & E 4 1/2 Mile Rd Area walkable?
- E 3 Mile Rd & E 4 1/2 Mile Rd Area scores 0.0/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.