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Berrien 49022
1627 Kay Drive
$145,000
↑ $15K (10.3%)
● House - Off Market

1627 Kay Drive

Benton Harbor, MI 49022
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,120 Ft²
$929
Est. Monthly
10.18%
Cap Rate

About This Property

Check out this cute 3 bedroom Ranch home in a quiet family friendly neighborhood. Hardwood floors throughout the home. Full basement with plenty of room for storage and/or ready for your creative design. HVAC and A/C replaced in 2021. New roof 2019. New Hot water heater 2020. Septic pumped 2020. Main electric  line has been replaced. New downspouts August 2024. Some plumbing pipes replaced n the basement 2021.  16 x 24 platform in the backyard  being built to hold a large storage shed  has electric ran to it.  7 x 11 shed.  Close to shopping and all the wonderful beaches our area has to offer!! The dog pen will be removed prior to closing. Seller is  taking  the TV wall mounts and attached wall shelving in bedrooms, bathroom and livingroom. Dogs in the house are in their pens and friendly
Unit Size
1,120 Ft²
Days on Market
64 days
Land Size
0.23 acres
Price per sqft
$143
Property Type
House
Property Taxes
$143
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #24045090)

Price History

Date / Event Date Event Price
Nov 6, 2024 Price Increased $160,000
↑ $15K (10.3%)
Price Increased
Oct 31, 2024 Sold
Premium
Sold
Sep 15, 2024 No longer available -
No longer available
Sep 4, 2024 Price Decreased $170,000
↓ $5K (2.9%)
Price Decreased
Aug 26, 2024 Listed by Realty Executives Instant Equity $175,000
Listed by Realty Executives Instant Equity
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • 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: 1,092
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,321
  • Lot Size Frontage Feet: 760
  • Total Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REIMERS SUB
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 44 REIMERS SUBDN NO 1

Neighborhood

  • School District Name: Benton Harbor Area Schools
  • School Tax School District: BENTON HARBOR
  • Census Tract: 002500

Zoning

  • Zoning: A2 SING FA

Geography

  • Assessors Map Reference: 009-1
  • District: 03
  • Parcel: 03-6790-0044-00-0
  • Lot: 44
  • Municipality: BENTON TWP
  • Latitude: 42.1436
  • Longitude: -86.413

    Address

  • Full Address: 1627 Kay Dr
  • Legal Unit: 44
  • Address - House Number: 1627
  • Address - Street Name: Kay
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Benton Harbor
  • Carrier Code: R003
  • 4-Digit Zip Code: 9213
  • Zip Code: 49022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $68,093

    Appraisal Valuation

  • Standard Deviation: 0.2755
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 60
  • Final Value: 124,909
  • High Value: 159,332
  • Low Value: 90,486

    Market Valuation

  • Market Total Value: $88,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 19, 2019
  • Current Sale Recording Date: Dec 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 30, 2019
  • Previous Sale Amount: $76,600
  • Previous Sale Document Type: 71
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 Berrien

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2019 ft²

Average Home Age

59.6 years

Currently For Sale

576 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: Catherine Catania, Realty Executives Instant Equity
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24045090
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 1627 Kay Drive built and last sold?
The property at 1627 Kay Drive was built in 1963 and last sold on Dec 19, 2019 for $76,600.
How much is this home worth?
The estimated value of the home located at 1627 Kay Drive is $0.
What are some comparable homes to 1627 Kay Drive?
There are currently no comparable homes to 1627 Kay Drive.
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