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Berrien 49022
5465 Territorial Road
$250,000
● House - Off Market

5465 Territorial Road

Benton Harbor, MI 49022
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$356,044
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

THIS IMPECCABLE COUNTRYSIDE 3 BEDROOM 2 BATH 1,800 SQ FT. HOME BUILT IN 2017 SITS ON ALMOST 9 OPEN ACRES THAT COULD BE USED IN A VARIETY OF WAYS. Offering School of Choice! The home features an open concept with planked vinyl wood floors in most rooms and ceiling fans. The kitchen has island bar seating, dual sinks and adjoins the open dining and living rooms that open out to the back deck. The master has a large bathroom and walk in closet. There is also a Laundry/Mudroom area with a sink and cabinets conveniently located off the backdoor with closets for storage. The home has an INSULATED 5'', 124' DEEP WELL and INSULATED PIPES for the NATURAL GAS LINE. The POLE BARN is a DREAM, with OVER 2,000 SQ FT. 14' HIGH CEILINGS, 2 GARAGE DOORS, 5'' CONCRETE FLOORS AND A HOOKUP FOR A MOTORHOME!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
8.82 acres
Price per sqft
$156
Property Type
House
Property Taxes
$199
HOA Dues
-
Year Built
2018

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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 #20046153)

Price History

Date / Event Date Event Price
Apr 28, 2023 Sold
Premium
Sold
Oct 21, 2022 Listed by Cressy & Everett Real Estate $294,000
Listed by Cressy & Everett Real Estate
Feb 12, 2021 Sold
Premium
Sold
Nov 3, 2020 Listed by Cressy & Everett Real Estate $279,900
Listed by Cressy & Everett Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 3
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 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: 384,199
  • Total Building Area: 1,620
  • Building Area: 1,620
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,620
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000008820
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM 721.5'E OF CEN SEC 18 T4S R17W TH S 834.32' TH E 118.4' TH S 578.32' TO C/L TERRITORIAL RD TH S73DEG18'E 200.5' TH N

Neighborhood

  • School District Name: Benton Harbor Area Schools
  • School Tax School District: BENTON HARBOR
  • Census Tract: 010400

Zoning

  • Zoning: AG

Geography

  • Assessors Map Reference: 018-3
  • District: 01
  • Parcel: 01-0018-0012-00-1
  • Meridian: SEC 18 TWN 04S RNG 17W
  • Municipality: BAINBRIDGE TWP
  • Latitude: 42.12
  • Longitude: -86.327

    Address

  • Full Address: 5465 Territorial Rd
  • Address - House Number: 5465
  • Address - Street Name: Territorial
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Benton Harbor
  • Carrier Code: R004
  • 4-Digit Zip Code: 9445
  • Zip Code: 49022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $138,171

    Appraisal Valuation

  • Standard Deviation: 0.1006
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 90
  • Final Value: 283,581
  • High Value: 312,114
  • Low Value: 255,047

    Market Valuation

  • Market Total Value: $182,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,000

    Sales

  • Current Sale Contract Date: Apr 28, 2023
  • Current Sale Recording Date: Apr 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 379691
  • Previous Sale Recording Date: Feb 12, 2021
  • Previous Sale Contract Date: Feb 08, 2021
  • Previous Sale Amount: $250,000
  • 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 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

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MichRIC

Listed by: The Dennis Bamber Group, Cressy & Everett Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 20046153
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 5465 Territorial Road built and last sold?
The property at 5465 Territorial Road was built in 2018 and last sold on Apr 28, 2023 for $290,000.
How much is this home worth?
The estimated value of the home located at 5465 Territorial Road is $0.
What are some comparable homes to 5465 Territorial Road?
There are currently no comparable homes to 5465 Territorial Road.
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