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Berrien 49120
1600 Park Lane
$177,000
● House - Off Market

1600 Park Lane

Niles, MI 49120
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,274 Ft²
$319,455
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

Westside Brick Ranch on 1.5 acres features perennials,  raised vegetable gardens & wooded fenced back yard. Park-like setting with privacy, but close to town. Home features 3 BR, 2 BA on main level, with 2 sided wood burning fireplace in the living room & family rooms. Nice wood floors in formal dining room & family rooms, with ceramic floor in kitchen. Kitchen includes cooktop, built-in ovens, refrigerator & newer dishwasher. Bath is tiled with solid surface counter. Seller has recently painted the interior. Covered rear composite deck. Lower level has 4th BR, half bath, large recreation room, and utility room with lots of storage. Furnace is 94% high efficiency, gas water heater, & water softener. Storage shed with overhead storage. Public water/sewer. Plenty of space for everyone.
Unit Size
3,274 Ft²
Days on Market
49 days
Land Size
1.50 acres
Price per sqft
$55
Property Type
House
Property Taxes
$167
HOA Dues
-
Year Built
1969

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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 #15043677)

Price History

Date / Event Date Event Price
Nov 1, 2019 Sold
Premium
Sold
Sep 13, 2019 Listed by IREP ERA Powered $249,000
Listed by IREP ERA Powered
Sep 30, 2015 Sold
Premium
Sold
Aug 10, 2015 Listed by IREP ERA Powered $180,000
Listed by IREP ERA Powered

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 1,957
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 71,961
  • Lot Size Depth Feet: 2,325
  • Lot Size Frontage Feet: 3,020
  • Total Building Area: 1,957
  • Building Area: 1,957
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,957
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILL PARK ESTATES
  • Land Acres: 0000001652
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 26, HILL PARK ESTATES.

Neighborhood

  • School District Name: Niles Community School District
  • School Tax School District: NILES
  • Census Tract: 020600

Zoning

  • Zoning: 83200

Geography

  • Assessors Map Reference: 034-1
  • District: 14
  • Parcel: 14-3160-0026-00-3
  • Lot: 26
  • Municipality: NILES TWP
  • Latitude: 41.8256
  • Longitude: -86.28

    Address

  • Full Address: 1600 Park Ln
  • Legal Unit: 26
  • Address - House Number: 1600
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Niles
  • Carrier Code: C014
  • 4-Digit Zip Code: 3521
  • Zip Code: 49120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $110,611

    Appraisal Valuation

  • Standard Deviation: 0.2528
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 64
  • Final Value: 329,801
  • High Value: 413,197
  • Low Value: 246,405

    Market Valuation

  • Market Total Value: $209,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $104,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 25, 2019
  • Current Sale Recording Date: Nov 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 01, 2019
  • Previous Sale Amount: $249,000
  • 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

Rentals Near You

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MichRIC

Listed by: Debra L Floor, IREP ERA Powered
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 15043677
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 1600 Park Lane built and last sold?
The property at 1600 Park Lane was built in 1969 and last sold on Oct 25, 2019 for $249,000.
How much is this home worth?
The estimated value of the home located at 1600 Park Lane is $0.
What are some comparable homes to 1600 Park Lane?
There are currently no comparable homes to 1600 Park Lane.
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