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Benton Harbor 49022
407 Emery
$11,300
● House - Off Market

407 Emery

Benton Harbor, MI 49022
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$24,294
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

3 bed, 1 bath home located in Benton Harbor, MI. This home located on a corner lot close to Lake Michigan. This home is going to need updates and repairs to the kitchen, bathroom, floors and some of the walls. A good cleaning and some new paint will also be needed. This home does have a lot of potential and could make a great home.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$10
Property Type
House
Property Taxes
$102
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: 3 years ago (MichRIC MLS #16060406)

Price History

Date / Event Date Event Price
Apr 17, 2017 Sold
Premium
Sold
Dec 16, 2016 Listed by USREALTY.COM LLP $14,900
Listed by USREALTY.COM LLP
Jan 19, 2016 Sold
Premium
Sold

Property Highlights

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: 1,250
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,229
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,550
  • Building Area: 1,550
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,550
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROADWAY ADD
  • Land Acres: 0000000143
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 37 BROADWAY ADD TO CITY OF BENTON HARBOR

Neighborhood

  • School District Name: Benton Harbor Area Schools
  • School Tax School District: BENTON HARBOR
  • Census Tract: 000600

Zoning

  • Zoning: DISTRICT A

Geography

  • Assessors Map Reference: 030-1
  • District: 53
  • Parcel: 53-1000-0037-00-4
  • Lot: 37
  • Municipality: BENTON HARBOR CITY
  • Latitude: 42.0946
  • Longitude: -86.4486

    Address

  • Full Address: 407 Emery Ter
  • Legal Unit: 37
  • Address - House Number: 407
  • Address - Street Name: Emery
  • Address - Suffix Type: Ter
  • State: MI
  • City Name: Benton Harbor
  • Carrier Code: C012
  • 4-Digit Zip Code: 5905
  • Zip Code: 49022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $70,062

    Appraisal Valuation

  • Standard Deviation: 0.3113
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 37
  • Final Value: 13,538
  • High Value: 17,753
  • Low Value: 9,322

    Market Valuation

  • Market Total Value: $95,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 10, 2017
  • Current Sale Recording Date: Apr 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jan 19, 2016
  • Previous Sale Contract Date: Jan 07, 2016
  • Previous Sale Amount: $40,526
  • Previous Sale Document Type: 64
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 Benton Harbor

Stats & Trends

Median Asking:

$109,950

Sale Price/ft²

$100

Below Asking

0.05%

Average Days on Market

55

Average Home Size

1288 ft²

Average Home Age

67.1 years

Currently For Sale

31 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: Ryan Gehris, USREALTY.COM LLP
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 16060406
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 407 Emery Avenue built and last sold?
The property at 407 Emery Avenue was built in 1963 and last sold on Apr 10, 2017 for $11,300.
How much is this home worth?
The estimated value of the home located at 407 Emery Avenue is $23,636.
What are some comparable homes to 407 Emery Avenue?
There are currently no comparable homes to 407 Emery Avenue.
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