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Berrien 49038
5165 Red Arrow Highway
$237,000
● House - Off Market

5165 Red Arrow Highway

Coloma, MI 49038
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,403 Ft²
$278,768
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

This 2 bed/1.5 bath home sits on 13.24+/- acres partially wooded with 8.5+/- acres currently being leased for soy beans. The main level offers hardwood floors throughout, a large living room with vaulted ceilings and wood burning fireplace that flows into the dining/kitchen area. The partial basement is ready for your imagination with the start of a full bathroom. The three outbuildings are ready for your automotive hobbies or horse lovers welcomed with the 24x24 barn and additional 14 foot lean-to for storage. This home is the full package and move-in ready!
Unit Size
1,403 Ft²
Days on Market
-
Land Size
13.24 acres
Price per sqft
$178
Property Type
House
Property Taxes
$54
HOA Dues
-
Year Built
1969

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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 #21106288)

Price History

Date / Event Date Event Price
Nov 15, 2021 Sold
Premium
Sold
Sep 16, 2021 Listed by Cressy & Everett Real Estate $250,000
Listed by Cressy & Everett Real Estate
Sep 3, 1999 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 3
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,366
  • Garage Type: 7
  • Garage Square Area: 1,668
  • Parking Space Count: 6
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 576,734
  • Total Building Area: 1,366
  • Building Area: 1,366
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,366
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAPLEHURST PARK
  • Land Acres: 0000013240
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THAT PT OF NE1/4 OF NW1/4 SEC 31 T3S R17W LYING N OF HWY EXC THE E 12 A THEREOF ALSO INCL COM 1324.14 FT S &

Neighborhood

  • School District Name: Coloma Community Schools
  • School Tax School District: COLOMA
  • Census Tract: 010201

Zoning

  • Zoning: AG-P

Geography

  • Assessors Map Reference: 031-1
  • District: 08
  • Parcel: 08-0031-0023-03-7
  • Meridian: SEC 31 TWN 03S RNG 17W
  • Municipality: COLOMA TWP
  • Latitude: 42.1686
  • Longitude: -86.3342

    Address

  • Full Address: 5165 Red Arrow Hwy
  • Address - House Number: 5165
  • Address - Street Name: Red Arrow
  • Address - Suffix Type: Hwy
  • State: MI
  • City Name: Coloma
  • Carrier Code: R001
  • 4-Digit Zip Code: 8953
  • Zip Code: 49038

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $103,345

    Appraisal Valuation

  • Standard Deviation: 0.2143
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 70
  • Final Value: 271,456
  • High Value: 329,640
  • Low Value: 213,272

    Market Valuation

  • Market Total Value: $199,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $99,900

    Sales

  • Current Sale Contract Date: Nov 08, 2021
  • Current Sale Recording Date: Nov 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 03, 1999
  • Previous Sale Contract Date: Sep 03, 1999
  • Previous Sale Amount: $100
  • 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

2075 ft²

Average Home Age

59.4 years

Currently For Sale

572 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: Martha Hassle, Cressy & Everett Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21106288
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 5165 Red Arrow Highway built and last sold?
The property at 5165 Red Arrow Highway was built in 1969 and last sold on Nov 8, 2021 for $237,000.
How much is this home worth?
The estimated value of the home located at 5165 Red Arrow Highway is $254,724.
What are some comparable homes to 5165 Red Arrow Highway?
There are currently no comparable homes to 5165 Red Arrow Highway.
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