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St. Joseph 49085
517 Madison Avenue
$118,500
● House - Off Market

517 Madison Avenue

St. Joseph, MI 49085
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,303 Ft²
$210,200
RealtyHop Estimate
77.38%
Since Nov 1, 2015
National-US
Primary Model

About This Property

For Production Only
Unit Size
1,303 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$91
Property Type
House
Property Taxes
$191
HOA Dues
-
Year Built
1952

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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 #15055775)

Price History

Date / Event Date Event Price
Nov 27, 2019 Sold
Premium
Sold
Sep 12, 2019 Listed by RE/MAX by the Lake $164,900
Listed by RE/MAX by the Lake
Oct 20, 2015 Listed by RE/MAX by the Lake $118,500
Listed by RE/MAX by the Lake

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 903
  • Garage Type: 7
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,009
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 903
  • Building Area: 903
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 903
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CANAVAN & BURKHARDS ADD
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ENT LOT 72 THE W 2' OF LOT 71 & E 8' OF LOT 73 CANAVAN & BURKHARDS ADD TO CITY OF ST JOSEPH

Neighborhood

  • School District Name: St. Joseph Public Schools
  • School Tax School District: ST JOSEPH
  • Census Tract: 000802

Zoning

  • Zoning: R1 - A

Geography

  • Assessors Map Reference: 026-1
  • District: 76
  • Parcel: 76-1130-0072-00-3
  • Lot: 71-73
  • Municipality: ST JOSEPH CITY
  • Latitude: 42.096
  • Longitude: -86.4895

    Address

  • Full Address: 517 Madison Ave
  • Address - House Number: 517
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Saint Joseph
  • Carrier Code: C007
  • 4-Digit Zip Code: 1650
  • Zip Code: 49085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $489,455

    Appraisal Valuation

  • Standard Deviation: 0.2503
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 64
  • Final Value: 242,840
  • High Value: 303,634
  • Low Value: 182,045

    Market Valuation

  • Market Total Value: $194,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $97,400

    Sales

  • Current Sale Contract Date: Nov 25, 2019
  • Current Sale Recording Date: Nov 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 27, 2019
  • Previous Sale Amount: $157,000
  • 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 St. Joseph

Stats & Trends

Median Asking:

$369,900

Sale Price/ft²

$232

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1707 ft²

Average Home Age

78.6 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: Lars A Petzke, RE/MAX by the Lake
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 15055775
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 517 Madison Avenue built and last sold?
The property at 517 Madison Avenue was built in 1952 and last sold on Nov 25, 2019 for $157,000.
How much is this home worth?
The estimated value of the home located at 517 Madison Avenue is $167,862.
What are some comparable homes to 517 Madison Avenue?
There are currently no comparable homes to 517 Madison Avenue.
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