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Fair Plain 49022
194 Downey Drive
$116,500
● House - Off Market

194 Downey Drive

Benton Harbor, MI 49022
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,711 Ft²
$201,729
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

Lovely stone 3 bedroom 1.5 bathroom ranch style home in Fairplain. Bright living room, open to dining room and kitchen. Newer range, fridge and new laminate floor.  Hardwood flooring throughout most of the home. Basement is half finished, half unfinished with large laundry area and lots of storage. New exterior doors, fenced in back yard with covered patio and a paver patio.  Single garage with lots of room for extra cars in driveway.  Don't miss out on this great property in Fairplain, close to all that Southwest Michigan has to offer.  Just a short distance to area parks, schools, restaurants, beaches, golf courses, churches, highway access and more.
Unit Size
1,711 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$70
Property Type
House
Property Taxes
$97
HOA Dues
-
Year Built
1955

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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: 3 years ago (MichRIC MLS #16056988)

Price History

Date / Event Date Event Price
Jan 10, 2018 Sold
Premium
Sold
Dec 29, 2016 Sold
Premium
Sold
Nov 15, 2016 Listed by RE/MAX by the Lake $119,900
Listed by RE/MAX by the Lake

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 1,141
  • Garage Type: 7
  • Garage Square Area: 273
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,304
  • Lot Size Frontage Feet: 767
  • Total Building Area: 1,141
  • Building Area: 1,141
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,141
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NICKERSON ACRES
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 24 NICKERSON ACRES

Neighborhood

  • School District Name: Benton Harbor Area Schools
  • School Tax School District: BENTON HARBOR
  • Census Tract: 000700

Zoning

  • Zoning: R2 - SINGL

Geography

  • Assessors Map Reference: 136-3
  • District: 18
  • Parcel: 18-5400-0024-00-5
  • Lot: 24
  • Municipality: ST JOSEPH TWP
  • Latitude: 42.0778
  • Longitude: -86.4583

    Address

  • Full Address: 194 Downey Dr
  • Legal Unit: 24
  • Address - House Number: 194
  • Address - Street Name: Downey
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Benton Harbor
  • Carrier Code: C020
  • 4-Digit Zip Code: 6822
  • Zip Code: 49022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $115,162

    Appraisal Valuation

  • Standard Deviation: 0.2143
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 70
  • Final Value: 212,028
  • High Value: 257,474
  • Low Value: 166,582

    Market Valuation

  • Market Total Value: $136,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 27, 2017
  • Current Sale Recording Date: Jan 10, 2018
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3194-2407
  • Previous Sale Recording Date: Dec 29, 2016
  • Previous Sale Contract Date: Dec 28, 2016
  • Previous Sale Amount: $116,500
  • 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 Fair Plain

Stats & Trends

Median Asking:

$210,000

Sale Price/ft²

$146

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1592 ft²

Average Home Age

66.3 years

Currently For Sale

12 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

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MichRIC

Listed by: Lars A Petzke, RE/MAX by the Lake
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 16056988
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 194 Downey Drive built and last sold?
The property at 194 Downey Drive was built in 1955 and last sold on Dec 27, 2017 for $0.
How much is this home worth?
The estimated value of the home located at 194 Downey Drive is $125,957.
What are some comparable homes to 194 Downey Drive?
There are currently no comparable homes to 194 Downey Drive.
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