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Berrien 49022
4151 Red Arrow Highway
$45,000
● Land - Off Market

4151 Red Arrow Highway

Benton Harbor, MI 49022
bedrooms
Studio
bathrooms
0 Bath
$58,283
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Nice corner location! Over 15 wooded acres with frontage on Red Arrow Highway and Kerlikowski.
Unit Size
-
Days on Market
-
Land Size
15.58 acres
Price per sqft
-
Property Type
Land
Property Taxes
$70
HOA Dues
-
Year Built
-

Payment Calculator

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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 #19054270)

Price History

Date / Event Date Event Price
Jun 3, 2021 Sold
Premium
Sold
Oct 30, 2019 Listed by @properties Christie's International R.E. $49,000
Listed by @properties Christie's International R.E.
Mar 24, 2008 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 675,180
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000015500
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: COM AT NW COR SEC 1 T4S R18W TH S 1464.11'TO C/L HWY TH N41DEG06' 19''E 1153.45'TH N48DEG53'40''W 291.17'TH N41DEG06'19''E

Neighborhood

  • School District Name: Coloma Community Schools
  • School Tax School District: COLOMA
  • Census Tract: 002500

Zoning

  • Zoning: AA RURAL

Geography

  • Assessors Map Reference: 001-1
  • District: 03
  • Parcel: 03-0001-0001-00-4
  • Meridian: SEC 01 TWN 04S RNG 18W
  • Municipality: BENTON TWP
  • Latitude: 42.1558
  • Longitude: -86.3585

    Address

  • Full Address: 4151 Red Arrow Hwy
  • Address - House Number: 4151
  • Address - Street Name: Red Arrow
  • Address - Suffix Type: Hwy
  • State: MI
  • City Name: Benton Harbor
  • Carrier Code: R002
  • 4-Digit Zip Code: 9554
  • Zip Code: 49022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $30,866
  • Initial Tax Delinquent Year: 2022

    Market Valuation

  • Market Total Value: $71,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,900

    Sales

  • Current Sale Contract Date: May 21, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Mar 24, 2008
  • Previous Sale Contract Date: Jan 17, 2008
  • Previous Sale Amount: $27,000
  • 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 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

Currently no nearby rentals
MichRIC

Listed by: Jackson G Matson, @properties Christie's International R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 19054270
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 4151 Red Arrow Highway built and last sold?
The property at 4151 Red Arrow Highway was built in and last sold on May 21, 2021 for $45,000.
How much is this home worth?
The estimated value of the home located at 4151 Red Arrow Highway is $49,490.
What are some comparable homes to 4151 Red Arrow Highway?
There are currently no comparable homes to 4151 Red Arrow Highway.
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