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Berrien 49022
1606 Park Drive
$225,000
● House - Off Market

1606 Park Drive

Benton Harbor, MI 49022
bedrooms
5 Beds
bathrooms
2 Baths
square feet
3,020 Ft²
$381,930
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

5 beds, 2 baths with 3,000 finished square feet in this charming house on a fantastic lot by Lake Michigan with partial seasonal views. Enjoy the excellent landscaping & a serene natural setting right from the screened in porch. Custom designed, solid home with single family ownership. Upper level features an open concept with a bright kitchen that opens to the living room, family room & dining room.  Skylights throughout let in sunshine all day long. Daylight basement offers two bedrooms, a large laundry room, storage and a massive recreation room. Central vacuum, sliding glass doors, large closets & built-ins. Don't miss your opportunity to live at Morris Park. Convenient location close to schools, parks, churches, shopping, highway access, restaurants, golf courses & beaches.
Unit Size
3,020 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$75
Property Type
House
Property Taxes
$244
HOA Dues
-
Year Built
1961

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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 #16017823)

Price History

Date / Event Date Event Price
Jul 7, 2016 Sold
Premium
Sold
Apr 21, 2016 Listed by RE/MAX by the Lake $225,000
Listed by RE/MAX by the Lake

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 40
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,760
  • 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: 13,504
  • Lot Size Depth Feet: 1,265
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,520
  • Building Area: 3,520
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,520
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORRIS PARK
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 5 MORRIS PARK

Neighborhood

  • School District Name: Benton Harbor Area Schools
  • School Tax School District: BENTON HARBOR
  • Census Tract: 002500

Zoning

  • Zoning: A1 SING FA

Geography

  • Assessors Map Reference: 007-1
  • District: 03
  • Parcel: 03-5070-0005-00-0
  • Lot: 5
  • Municipality: BENTON TWP
  • Latitude: 42.1437
  • Longitude: -86.4538

    Address

  • Full Address: 1606 Park Dr
  • Legal Unit: 5
  • Address - House Number: 1606
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Benton Harbor
  • Carrier Code: C002
  • 4-Digit Zip Code: 2755
  • Zip Code: 49022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $206,732

    Appraisal Valuation

  • Standard Deviation: 0.2058
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 72
  • Final Value: 372,631
  • High Value: 449,351
  • Low Value: 295,911

    Market Valuation

  • Market Total Value: $267,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $133,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 27, 2016
  • Current Sale Recording Date: Jul 07, 2016
  • Current Sale Price:
    Premium
  • Current 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

2075 ft²

Average Home Age

59.4 years

Currently For Sale

572 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: Lars A Petzke, RE/MAX by the Lake
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 16017823
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 1606 Park Drive built and last sold?
The property at 1606 Park Drive was built in 1961 and last sold on Jun 27, 2016 for $225,000.
How much is this home worth?
The estimated value of the home located at 1606 Park Drive is $227,432.
What are some comparable homes to 1606 Park Drive?
There are currently no comparable homes to 1606 Park Drive.
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