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Fair Plain 49022
1288 Parkway Drive
$139,000
● House - Off Market

1288 Parkway Drive

Benton Harbor, MI 49022
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,060 Ft²
$783
Est. Monthly
8.63%
Cap Rate

About This Property

Low traffic location, small subdivision setting. Roof on house and garage replaced in 2018. Garage is insulated, heated with new gas forced air hanging unit. Kitchen has updated cabinets and granite counter tops, new extra wide sink. All kitchen appliances and washer/dryer stay. Large newly remodeled bathroom with main floor laundry area. Windows have been replaced. Bedroom closets are cedar lined. Basement has plenty of room for an additional bedroom to be added.  100 amp circuit breaker box. Newer Chain link fenced yard. Over sized 2 car garage is 768 square foot.
Unit Size
1,060 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$132
Property Type
House
Property Taxes
$97
HOA Dues
-
Year Built
1956

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MichRIC MLS #25006877)

Price History

Date / Event Date Event Price
Apr 11, 2025 Sold
Premium
Sold
Mar 8, 2025 In contract -
In contract
Feb 26, 2025 Listed by Sunrise Real Estate, Inc. $139,500
Listed by Sunrise Real Estate, Inc.
Oct 12, 2017 Sold
Premium
Sold
Feb 3, 1991 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,059
  • Garage Type: 7
  • Garage Square Area: 768
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,754
  • Lot Size Depth Feet: 739
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 1,059
  • Building Area: 1,059
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,059
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAPLEHURST PARK
  • Land Acres: 0000000178
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 14 & 15 BLK 2 MAPLEHURST PARK

Neighborhood

  • School District Name: Benton Harbor Area Schools
  • School Tax School District: BENTON HARBOR
  • Census Tract: 002100

Zoning

  • Zoning: A2 SING FA

Geography

  • Assessors Map Reference: 029-4
  • District: 03
  • Parcel: 03-4860-0026-00-5
  • Block: 2
  • Lot: 14-15
  • Municipality: BENTON TWP
  • Latitude: 42.094
  • Longitude: -86.4276

    Address

  • Full Address: 1288 Parkway Dr
  • Address - House Number: 1288
  • Address - Street Name: Parkway
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Benton Harbor
  • Carrier Code: C023
  • 4-Digit Zip Code: 2113
  • Zip Code: 49022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $58,412

    Appraisal Valuation

  • Standard Deviation: 0.3113
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 37
  • Final Value: 90,383
  • High Value: 118,527
  • Low Value: 62,238

    Market Valuation

  • Market Total Value: $93,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $46,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 15, 2017
  • Current Sale Recording Date: Oct 12, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3186-0778
  • Previous Sale Recording Date: Feb 03, 1991
  • Previous Sale Contract Date: Feb 03, 1991
  • Previous Sale Amount: $100
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Fair Plain

Stats & Trends

Median Asking:

$210,000

Sale Price/ft²

$146

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1541 ft²

Average Home Age

63.6 years

Currently For Sale

14 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: R.Scott Neumann, Sunrise Real Estate, Inc.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25006877
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1288 Parkway Drive built and last sold?
The property at 1288 Parkway Drive was built in 1956 and last sold on Sep 15, 2017 for $31,800.
How much is this home worth?
The estimated value of the home located at 1288 Parkway Drive is $0.
What are some comparable homes to 1288 Parkway Drive?
There are currently no comparable homes to 1288 Parkway Drive.
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