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Berrien 49120
1500 Cedar Point Drive
$277,000
● House - Off Market

1500 Cedar Point Drive

Niles, MI 49120
bedrooms
4 Beds
bathrooms
2 Baths
square feet
3,068 Ft²
$532,211
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model

About This Property

MAJOR PRICE REDUCTION!!! The amenities of this waterfront home are endless, so please view the visual tour for a complete list. Over 350 feet of water frontage, kitchen with maple cabinets, Corian counter tops and SS appliances, 4 bedrooms, den and family room with a fireplace, and a living room that will accommodate any and all of your entertaining needs. Your outside enjoyment is enhanced with over 600 square feet of decking and the fishing and boating are also great. New Geo Thermal system for the complete package. All that's left is to WELCOME YOU HOME. Square Footage Is Approximate And Is To Be Verified By Buyer And/Or Their Agent
Unit Size
3,068 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$93
Property Type
House
Property Taxes
$224
HOA Dues
-
Year Built
1973

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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: 2 years ago (MichRIC MLS #12057193)

Price History

Date / Event Date Event Price
Aug 26, 2014 Sold
Premium
Sold
Oct 24, 2012 Listed by Keller Williams Realty SWM $286,500
Listed by Keller Williams Realty SWM
Jul 21, 1989 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,382
  • Lot Size Depth Feet: 4,757
  • Lot Size Frontage Feet: 870
  • Total Building Area: 3,016
  • Building Area: 3,016
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,016
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRANDYWINE ACRES #3
  • Land Acres: 0000000950
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: PT OF LOT 80 BRANDYWINE ACRES NO 3 COM AT SE COR LOT 80 TH N5DEG05'E 80'TH N24DEG 30'W 136'TH N6DEG23'E 131'TH N28DEG W 82'

Neighborhood

  • School District Name: Brandywine Community Schools
  • School Tax School District: BRANDY WINE
  • Census Tract: 021000

Zoning

  • Zoning: R-1A

Geography

  • Assessors Map Reference: 103-2
  • District: 14
  • Parcel: 14-0910-0080-02-2
  • Lot: 80
  • Municipality: NILES TWP
  • Latitude: 41.8092
  • Longitude: -86.2655

    Address

  • Full Address: 1500 Cedar Point Dr
  • Legal Unit: 80,80
  • Address - House Number: 1500
  • Address - Street Name: Cedar Point
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Niles
  • Carrier Code: C021
  • 4-Digit Zip Code: 4042
  • Zip Code: 49120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $239,030

    Appraisal Valuation

  • Standard Deviation: 0.2137
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 70
  • Final Value: 497,385
  • High Value: 603,684
  • Low Value: 391,085

    Market Valuation

  • Market Total Value: $319,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $159,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 25, 2014
  • Current Sale Recording Date: Aug 26, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 21, 1989
  • Previous Sale Contract Date: Jul 21, 1989
  • Previous Sale Amount: $116,500
  • 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

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

Rentals Near You

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MichRIC

Listed by: Fred F Fahrberger, Keller Williams Realty SWM
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 12057193
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 1500 Cedar Point Drive built and last sold?
The property at 1500 Cedar Point Drive was built in 1973 and last sold on Aug 25, 2014 for $277,000.
How much is this home worth?
The estimated value of the home located at 1500 Cedar Point Drive is $306,197.
What are some comparable homes to 1500 Cedar Point Drive?
There are currently no comparable homes to 1500 Cedar Point Drive.
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