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Fair Plain 49022
469 Brownway
$84,000
● House - Off Market

469 Brownway

Benton Harbor, MI 49022
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,359 Ft²
$160,053
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Fairplain 3 bed St Joe twp Ranch. Cozy home with finished area in full basement, 2 car garage with fenced yard. Maintenance free exterior ~ New Roof in 2012, Replacement Windows, vinyl siding, gutters and soffit. Gas heat/central air. Hardwood floors under carpet. Large Patio to enjoy nice size backyard with separate fenced area great for a gardens and pets.
Unit Size
1,359 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$66
Property Type
House
Property Taxes
$83
HOA Dues
-
Year Built
1954

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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 #15010955)

Price History

Date / Event Date Event Price
Aug 10, 2021 Sold
Premium
Sold
May 5, 2021 Listed by Realty Executives Instant Equity $172,000
Listed by Realty Executives Instant Equity
Jul 13, 2015 Sold
Premium
Sold
Mar 17, 2015 Listed by Realty Executives Instant Equity $89,900
Listed by Realty Executives Instant Equity
Jun 30, 2000 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • 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: 1,040
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,280
  • Lot Size Depth Feet: 1,316
  • Lot Size Frontage Feet: 780
  • Total Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THORSEN PARK
  • Land Acres: 0000000236
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 3 THORSEN PARK

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: 18-7490-0003-00-4
  • Lot: 3
  • Municipality: ST JOSEPH TWP
  • Latitude: 42.0797
  • Longitude: -86.4647

    Address

  • Full Address: 469 Brownway
  • Legal Unit: 3
  • Address - House Number: 469
  • Address - Street Name: Brownway
  • State: MI
  • City Name: Benton Harbor
  • Carrier Code: C020
  • 4-Digit Zip Code: 6817
  • Zip Code: 49022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $120,685

    Appraisal Valuation

  • Standard Deviation: 0.1006
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 90
  • Final Value: 168,824
  • High Value: 185,811
  • Low Value: 151,838

    Market Valuation

  • Market Total Value: $138,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $69,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 05, 2021
  • Current Sale Recording Date: Aug 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 13, 2015
  • Previous Sale Contract Date: Jun 30, 2015
  • Previous Sale Amount: $84,000
  • 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

Unit for rent at 803 Court Street, St. Joseph, MI, 49085

$3,500 /mo

  • 6 Beds
  • 4 Baths
  • 2,746 ft²
803 Court Street, St. Joseph, MI, 49085 Listing by Alison Plaisier
Unit for rent at 723 Violet Way, St. Joseph, MI, 49085

$3,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,677 ft²
723 Violet Way, St. Joseph, MI, 49085 Listing by Ronald Kucharzyk

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Sibyl Kish, Realty Executives Instant Equity
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 15010955
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 469 Brownway built and last sold?
The property at 469 Brownway was built in 1954 and last sold on Aug 5, 2021 for $172,000.
How much is this home worth?
The estimated value of the home located at 469 Brownway is $172,325.
What are some comparable homes to 469 Brownway?
There are currently no comparable homes to 469 Brownway.
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