NOT LISTED FOR SALE

1298 Colfax Ave Benton Harbor, MI 49022

Fair Plain Neighborhood

Estimated Value: $175,000 - $265,000

4 Beds
2 Baths
-- Sq Ft
1.69 Acres

Last Sold August 30, 2023

Last sale price $140,000

Est. 52% increase in value since last sale

Current estimated payment $1,325/month

20 Days on Market

Highlights

  • 1.69 Acre Lot
  • Window Unit Cooling System
  • Laundry Facilities
  • 2 Fireplaces
  • Forced Air Heating System
  • Wood Siding

About This Home

As of August 2023

INVESTORS! This is the one you've been looking for- potential rental income of over $4,000 when all units are rented! Included is a house with 2 rental apartments as well as a multi-unit shared building with 6 bedrooms that can be rented. This 2,964 sqft multi-unit (previously commercial) building has a communal living area with a shared kitchen and bathroom for all units. This building also has shared laundry and storage area-plentiful parking. Back building has a brand new roof in 2023, front home has a 2015 roof. Property is being sold as-is. Call today for more details and information on this unique, one-of-a-kind property!

Last Agent to Sell the Property

Benjamin Stephen

Cressy & Everett Real Estate License #6501407350 Listed on: 06/28/2023

Cressy & Everett Real Estate

Last Buyer's Agent

Michael VanDeventer

eXp Realty License #6501410977

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,161

Year Built

  • Built in 1887

Lot Details

  • 1.69 Acre Lot
  • Lot Dimensions are 446.2 x 165

Parking

  • 16 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 2 Fireplaces
  • Basement
  • Michigan Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Cable TV Available

Listing and Financial Details

  • The owner pays for trash collection, electricity, water, sewer, gas

Community Details

Overview

  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,161

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1887
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 446.2 x 165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3161.0
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 8
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Slab: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Michigan Basement, Slab
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding, Brick
  • List Price: 140000.0
  • Number of Buildings: 2
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 16.0
  • General Property Info:Total Parking Spaces: 16.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air, Electric, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Public Water Available, Public Sewer Available, Electric Available, Cable Available, Electric Connected, Cable Connected
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 1.69
  • Lot Size Area: 1.69
  • Lot Dimensions: 446.2 x 165
  • Lot Size Sq Ft: 73616.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 8

Tax Info

  • Tax Annual Amount: 3161.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2023
Closed on
Sep 27, 2023
Sold by
Schultz-Reed May Ann
Bought by
Daniel P Bernstein And Debra S Bernstein Revo
Seller's Agent
Benjamin Stephen
Cressy & Everett Real Estate
Buyer's Agent
Michael VanDeventer
eXp Realty
List Price
$165,000
Sold Price
$140,000
Premium/Discount to List
-$25,000
-15.15%
Views
61
Current Estimated Value
$212,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,405
Avg. Annual Appreciation
22.29%
Original Mortgage
$98,000
Outstanding Balance
$96,534
Interest Rate
9%
Mortgage Type
New Conventional
Estimated Equity
$127,192

Purchase Details

Listed on
Jun 28, 2023
Closed on
Aug 29, 2023
Sold by
Schultz-Reed May Ann
Bought by
Daniel P Bernstein And Debra S Bernstein Revo
Seller's Agent
Benjamin Stephen
Cressy & Everett Real Estate
Buyer's Agent
Michael VanDeventer
eXp Realty
List Price
$165,000
Sold Price
$140,000
Premium/Discount to List
-$25,000
-15.15%
Views
61

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Outstanding Balance
$96,534
Interest Rate
9%
Mortgage Type
New Conventional
Estimated Equity
$127,192

Purchase Details

Closed on
Jan 19, 1999

Purchase Details

Closed on
Mar 7, 1994

Purchase Details

Closed on
Feb 18, 1994

Purchase Details

Closed on
Jan 3, 1977
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Daniel P Bernstein And Debra S Bernstein Revo $140,000 Chicago Title Of Michigan
Daniel P Bernstein And Debra S Bernstein Revo $140,000 Chicago Title Of Michigan
Daniel P Bernstein And Debra S Bernstein Revo $140,000 Chicago Title Of Michigan
-- $97,500 --
-- $57,500 --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daniel P Bernstein And Debra S Bernstein Revo $98,000
Closed Daniel P Bernstein And Debra S Bernstein Revo $98,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2023 08/30/23 Sold $140,000 0.0% --
07/17/2023 07/17/23 Price Changed $140,000 -15.2% --
06/28/2023 06/28/23 For Sale $165,000 -- --
Source: MichRIC

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,884 $119,500 $0 $0
2024 $3,654 $102,200 $0 $0
2023 $2,447 $101,500 $0 $0
2022 $2,330 $73,200 $0 $0
2021 $3,030 $76,000 $19,800 $56,200
2020 $2,888 $74,900 $0 $0
2019 $2,837 $62,800 $9,400 $53,400
2018 $2,657 $62,800 $0 $0
2017 $2,613 $62,900 $0 $0
2016 $2,547 $62,100 $0 $0
2015 $2,540 $58,900 $0 $0
2014 $2,004 $57,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Stephen

    Seller's Agent in 2023

    Benjamin Stephen

    Cressy & Everett Real Estate

    (269) 208-9076

    6 in this area

    204 Total Sales

    Benjamin Stephen
    Section Image

  • M

    Buyer's Agent in 2023

    Michael VanDeventer

    eXp Realty

    (269) 369-0948

    30 in this area

    233 Total Sales

    Michael VanDeventer
    Section Image

  • V

    Buyer's Agent in 2023

    Van Homes Team

    Century 21 Affiliated

See All Agents

Map

Source: MichRIC

MLS Number: 23022646

MichRIC

APN: 11-18-0125-0006-00-6

Michigan Berrien County Benton Harbor 49022 Fair Plain

1298 Colfax Ave, Benton Harbor, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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