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Fair Plain 49022
2440 Lora Drive
Photo of 2440 Lora Drive

34

Map

Photo of 2440 Lora Drive
Photo of 2440 Lora Drive
$275,000
↓ $10K (3.5%)
● House - For Sale

2440 Lora Drive

Benton Harbor, MI 49022
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,281 Ft²
$1,538
Est. Monthly

About This Property

Quality built, 3 bedroom/3bath ranch with walk out lower level in Fairplain.  Home features formal dining room, main floor laundry, 2 car garage, cozy fireplace in living room, generous sized rooms, and large rec room in basement.  Home has great bones; it can use some freshening up to make it your own.  Home Warranty is offered.  Buyer or Buyers agent to verify all information. Seller requests possession 7 days after closing.
Unit Size
2,281 Ft²
Days on Market
10 days
Land Size
0.35 acres
Price per sqft
$121
Property Type
House
Property Taxes
$188
HOA Dues
-
Year Built
1974

Listed By

KIMBERLY WEBB

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Cap Rate Calculator

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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: 7 days ago (MichRIC MLS #26053259)

Price History

Date / Event Date Event Price
Oct 10, 2026 Price Decreased $275,000
↓ $10K (3.5%)
Price Decreased
Oct 6, 2026 Listed by Realty Executives Instant Equity $285,000
Listed by Realty Executives Instant Equity
Feb 22, 2000 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
Flooring Type: Carpet, Linoleum
Laundry Features: Main Level
Rooms: 6
Has Fireplace
Fireplace Features: Living Room, Wood Burning
Fireplaces: 1
Basement: Full, Walk-Out Access
Exterior Details
Square Footage: 2281
Architectural Style: Ranch
Year Built: 1974
Building Area Total: 1584
Construction Materials: Brick, Wood Siding
Patio and Porch Features: Patio
Lot Features: Corner Lot
Lot Size Area: 0.35
Lot Size Units: Acres
Lot Size Acres: 0.35
Lot Size Square Feet: 15320
Lot Size Dimensions: Irregular
Water Source: Public
Financial Details
Tax Assessed Value: $78,885
Tax Annual Amount: $2,252
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 1,470
  • Garage Type: 7
  • Garage Square Area: 684
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,727
  • Lot Size Depth Feet: 1,274
  • Lot Size Frontage Feet: 1,312
  • Total Building Area: 1,584
  • Building Area: 1,584
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,584
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARRONDE HEIGHTS
  • Land Acres: 0000000384
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 5 CARRONDE HEIGHTS EXC COM AT NW COR LOT 5 TH ON A 187.5'RAD CUR LT A CHORD DIS OF 13'TH S8DEG20'30''W 65.19 FT TO W LN

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: 136-4
  • District: 18
  • Parcel: 18-1150-0005-01-4
  • Lot: 5
  • Municipality: ST JOSEPH TWP
  • Latitude: 42.0746
  • Longitude: -86.4679

    Address

  • Full Address: 2440 Lora Dr
  • Legal Unit: 5,5,5
  • Address - House Number: 2440
  • Address - Street Name: Lora
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Benton Harbor
  • Carrier Code: C020
  • 4-Digit Zip Code: 6912
  • Zip Code: 49022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $124,702

    Appraisal Valuation

  • Standard Deviation: 0.3113
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 37
  • Final Value: 125,745
  • High Value: 164,900
  • Low Value: 86,589

    Market Valuation

  • Market Total Value: $162,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $81,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 31, 2004
  • Current Sale Recording Date: Feb 12, 2004
  • Current Sale Document Type: 40
  • Previous Sale Recording Date: Feb 22, 2000
  • Previous Sale Contract Date: Feb 22, 2000
  • Previous Sale Amount: $132,900
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

1517 ft²

Average Home Age

69.7 years

Currently For Sale

18 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

Unit for rent at 1920 Langley Ave Avenue, St. Joseph, MI, 49085

$2,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
1920 Langley Ave Avenue, St. Joseph, MI, 49085 Listing by Michael George Lirones

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Kimberly Webb, Realty Executives Instant Equity
Last Updated: 7 days ago
Data Source: MichRIC, MLS# 26053259
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 2440 Lora Drive built and last sold?
The property at 2440 Lora Drive was built in 1974 and last sold on Jan 31, 2004 for $0.
How much is this home worth?
The estimated value of the home located at 2440 Lora Drive is $281,597.
What are some comparable homes to 2440 Lora Drive?
There are currently no comparable homes to 2440 Lora Drive.
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