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St. Joseph 49085
538 Madison Avenue
$124,000
● House - Off Market

538 Madison Avenue

St. Joseph, MI 49085
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,356 Ft²
$200,301
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Charming 2 bdr,1 bath, just blocks from the high school & Dairy Korner. Quiet neighborhood with great neighbors. Close to it all beaches, restaurants, shops and more. Approx. 400 sq ft finished in bsmt w/bar area, unfinished part of the bsmt has lots of storage and shelving, as well as a workbench. Newer windows upstairs with approx. 850 sq feet above grade. 1.5 car garage for storing yard equip. or other toys for the spacious city lot. All appliances included. Updates since 2011, Tile floor in kitchen, added dishwasher, garbage disposal, ceiling vent in bathroom, light fixture in kitchen, ceiling fan in larger bedroom, faucets in bathroom sink & tub, laminate flooring with underlayment in bsmt, kitchen faucet, appliances (stove, washer, dryer, refrigerator), steel access door on garage.
Unit Size
1,356 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$87
Property Type
House
Property Taxes
$158
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 #16026061)

Price History

Date / Event Date Event Price
Aug 14, 2020 Sold
Premium
Sold
Jun 29, 2020 Listed by Coldwell Banker Advantage $176,000
Listed by Coldwell Banker Advantage
Jul 6, 2018 Sold
Premium
Sold
May 15, 2018 Listed by Coldwell Banker Advantage $154,900
Listed by Coldwell Banker Advantage
Jun 30, 2016 Sold
Premium
Sold
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Bedroom Count: 2
  • 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: 856
  • 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: 6,142
  • Lot Size Depth Feet: 1,160
  • Lot Size Frontage Feet: 530
  • Total Building Area: 856
  • Building Area: 856
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 856
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CANAVAN & BURKHARD ADD
  • Land Acres: 0000000141
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THE E 26'OF LOT 86 & W 27' OF LOT 87 CANAVAN & BURKHARD ADD TO CITY OF ST JOSEPH ALSO VAC ALLEY S OF SD LAND

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: 76-1130-0086-00-4
  • Lot: 86-87
  • Municipality: ST JOSEPH CITY
  • Latitude: 42.0955
  • Longitude: -86.4887

    Address

  • Full Address: 538 Madison Ave
  • Legal Unit: 86,87
  • Address - House Number: 538
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Saint Joseph
  • Carrier Code: C007
  • 4-Digit Zip Code: 1651
  • Zip Code: 49085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $336,892

    Appraisal Valuation

  • Standard Deviation: 0.2503
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 64
  • Final Value: 245,772
  • High Value: 307,301
  • Low Value: 184,244

    Market Valuation

  • Market Total Value: $193,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $96,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 05, 2020
  • Current Sale Recording Date: Aug 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 06, 2018
  • Previous Sale Contract Date: May 15, 2018
  • Previous Sale Amount: $156,200
  • 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:

$369,450

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

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MichRIC

Listed by: Joy Schwarting, Coldwell Banker Advantage
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 16026061
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 538 Madison Avenue built and last sold?
The property at 538 Madison Avenue was built in 1952 and last sold on Aug 5, 2020 for $176,000.
How much is this home worth?
The estimated value of the home located at 538 Madison Avenue is $0.
What are some comparable homes to 538 Madison Avenue?
There are currently no comparable homes to 538 Madison Avenue.
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