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Milan 48160
160 Cherry Street
$315,000
● House - Off Market

160 Cherry Street

Milan, MI 48160
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,776 Ft²
$2,039
Est. Monthly
7.27%
Cap Rate

About This Property

Come see this lovely 3 bedroom, 2 bathroom home. Offering updated appliances, a fenced in backyard and walkable location to downtown and Milan schools. Each bedrooms is generously sized and the upstairs bathroom is updated. The lower level is wide open and offers endless potential. Don't miss the deck in the backyard, just in time for bbq season. Schedule your showing today!
Unit Size
1,776 Ft²
Days on Market
30 days
Land Size
0.20 acres
Price per sqft
$177
Property Type
House
Property Taxes
$492
HOA Dues
-
Year Built
1981

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #25022526)

Price History

Date / Event Date Event Price
Jun 15, 2025 Sold
Premium
Sold
May 22, 2025 In contract -
In contract
May 16, 2025 Listed by Cornerstone Real Estate $315,000
Listed by Cornerstone Real Estate
Nov 30, 2016 Sold
Premium
Sold
Sep 29, 2016 Listed by Cornerstone Real Estate $175,000
Listed by Cornerstone Real Estate
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 300
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,407
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,777
  • Building Area: 1,777
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,777
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SIDE ADD
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OLD SID - 19 19-125-081-10 MI 15-79B LOT 84 EXC W 9 FT & W 29 FT OF LOT 83NORTH SIDE ADDITION

Neighborhood

  • School District Name: Milan Area Schools
  • School Tax School District: MILAN
  • Census Tract: 421100

Zoning

  • Zoning: R1B

Geography

  • District: 19
  • Parcel: 19-19-35-428-004
  • Block: 428
  • Lot: 84,83N
  • Meridian: SEC 35 TWN 4S RNG 6E
  • Municipality: MILAN CITY
  • Latitude: 42.0911
  • Longitude: -83.6855

    Address

  • Full Address: 160 Cherry St
  • Address - House Number: 160
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MI
  • City Name: Milan
  • Carrier Code: C001
  • 4-Digit Zip Code: 1070
  • Zip Code: 48160

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $474,350
  • Tax Rate Code Area: 19

    Appraisal Valuation

  • Standard Deviation: 0.1964
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 73
  • Final Value: 320,129
  • High Value: 383,024
  • Low Value: 257,234

    Market Valuation

  • Market Total Value: $279,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $139,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 10, 2016
  • Current Sale Recording Date: Nov 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6347665
  • Previous Sale Recording Date: May 09, 2013
  • Previous Sale Contract Date: Apr 26, 2013
  • Previous Sale Amount: $135,800
  • 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 Milan

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$195

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1644 ft²

Average Home Age

47.9 years

Currently For Sale

9 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

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Andrew Collins, Cornerstone Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25022526
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 160 Cherry Street built and last sold?
The property at 160 Cherry Street was built in 1981 and last sold on Nov 10, 2016 for $175,000.
How much is this home worth?
The estimated value of the home located at 160 Cherry Street is $305,396.
What are some comparable homes to 160 Cherry Street?
There are currently no comparable homes to 160 Cherry Street.
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