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Berrien 49120
1612 Platt Street
$193,000
● House - Off Market

1612 Platt Street

Niles, MI 49120
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,425 Ft²
$291,468
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Wonderful family home on the Westside of Niles that sits on over 2.5 acres. Features include 4 bedrooms and 2 full bathrooms, a eat-in kitchen and also a formal dining room with built-ins. Beautiful hardwood floors and fresh paint throughout. There is a finished family room in the lower level for additional living space. Many recent updates have been done to this home.
Unit Size
2,425 Ft²
Days on Market
-
Land Size
2.53 acres
Price per sqft
$82
Property Type
House
Property Taxes
$150
HOA Dues
-
Year Built
1954

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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 #19043975)

Price History

Date / Event Date Event Price
Oct 24, 2019 Sold
Premium
Sold
Sep 9, 2019 Listed by IREP ERA Powered $199,000
Listed by IREP ERA Powered

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • 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: 1,000
  • 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: 110,207
  • Lot Size Depth Feet: 3,700
  • Lot Size Frontage Feet: 2,980
  • Total Building Area: 1,425
  • Building Area: 1,425
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,425
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MISSION HILLS
  • Land Acres: 0000002530
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 3 & 4 MISSION HILLS

Neighborhood

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

Zoning

  • Zoning: 59900

Geography

  • Assessors Map Reference: 027-4
  • District: 14
  • Parcel: 14-5000-0003-01-2
  • Lot: 3-4
  • Municipality: NILES TWP
  • Latitude: 41.834
  • Longitude: -86.281

    Address

  • Full Address: 1612 Platt St
  • Address - House Number: 1612
  • Address - Street Name: Platt
  • Address - Suffix Type: St
  • State: MI
  • City Name: Niles
  • Carrier Code: C013
  • 4-Digit Zip Code: 1402
  • Zip Code: 49120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $82,662

    Appraisal Valuation

  • Standard Deviation: 0.2591
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 63
  • Final Value: 260,358
  • High Value: 327,828
  • Low Value: 192,888

    Market Valuation

  • Market Total Value: $182,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 11, 2019
  • Current Sale Recording Date: Oct 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 24, 2019
  • Previous Sale Amount: $193,000
  • 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:

$324,950

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: Kati E Luke, IREP ERA Powered
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 19043975
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 1612 Platt Street built and last sold?
The property at 1612 Platt Street was built in 1954 and last sold on Oct 11, 2019 for $193,000.
How much is this home worth?
The estimated value of the home located at 1612 Platt Street is $0.
What are some comparable homes to 1612 Platt Street?
There are currently no comparable homes to 1612 Platt Street.
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