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Berrien 49120
1824 Platt Street
$425,000
● House - Off Market

1824 Platt Street

Niles, MI 49120
bedrooms
3 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
3,251 Ft²
$2,295
Est. Monthly
3.65%
Cap Rate

About This Property

So much to enjoy in this superb 3 bedroom, 2 1/2 bath limestone ranch home situated on a peaceful, private, tree-lined lot with over 5 acres! This home features a spacious living room with wood burning fireplace and large picture windows overlooking the beautifully landscaped front yard. The eat-in kitchen offers a large walk-in pantry and leads to the laundry/mud room. Master suite with walk-in shower and garden tub. The lower level walk-out also includes a large rec room with 2nd fireplace, a workshop and a 3/4 bath. The 2 stall garage attached to the house leads to a greenhouse. There is also another building that serves as an additional garage and workshop. With a large 5 stall barn on the property with a 70 x 120 riding arena, a pond, a pool with a pool house, there is nothing more to wish for here!
Unit Size
3,251 Ft²
Days on Market
-
Land Size
5.56 acres
Price per sqft
$131
Property Type
House
Property Taxes
$208
HOA Dues
-
Year Built
1957

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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 #14030864)

Price History

Date / Event Date Event Price
Dec 5, 2023 Sold
Premium
Sold
Sep 20, 2023 Listed by Cressy & Everett Real Estate $409,900
Listed by Cressy & Everett Real Estate
Dec 28, 2015 Sold
Premium
Sold
May 1, 2015 Listed by Cressy & Everett Real Estate $335,000
Listed by Cressy & Everett Real Estate
Jun 6, 2014 Listed by Cressy & Everett Real Estate $425,000
Listed by Cressy & Everett Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 3
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 2,060
  • Garage Type: 7
  • Garage Square Area: 1,536
  • Parking Space Count: 6
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 242,194
  • Lot Size Depth Feet: 7,123
  • Lot Size Frontage Feet: 3,400
  • Total Building Area: 2,060
  • Building Area: 2,060
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,060
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005560
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM 1727.175'E OF W1/4 PST SEC 28 T7S R17W TH E 340'TH S 754.3'TH W 302.7'TH NWLY 755.52'TO POB

Neighborhood

  • School District Name: Niles Community School District
  • School Tax School District: NILES
  • Census Tract: 020400

Zoning

  • Zoning: 106500

Geography

  • Assessors Map Reference: 028-4
  • District: 14
  • Parcel: 14-0028-0004-04-6
  • Meridian: SEC 28 TWN 07S RNG 17W
  • Municipality: NILES TWP
  • Latitude: 41.8333
  • Longitude: -86.2952

    Address

  • Full Address: 1824 Platt St
  • Address - House Number: 1824
  • Address - Street Name: Platt
  • Address - Suffix Type: St
  • State: MI
  • City Name: Niles
  • Carrier Code: R008
  • 4-Digit Zip Code: 8613
  • Zip Code: 49120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $139,650

    Appraisal Valuation

  • Standard Deviation: 0.1019
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 90
  • Final Value: 407,814
  • High Value: 449,387
  • Low Value: 366,241

    Market Valuation

  • Market Total Value: $275,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $137,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 05, 2023
  • Current Sale Recording Date: Dec 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 394128
  • Previous Sale Recording Date: Dec 28, 2015
  • Previous Sale Contract Date: Dec 07, 2015
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 54
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: Jan Lazzara, Cressy & Everett Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 14030864
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 1824 Platt Street built and last sold?
The property at 1824 Platt Street was built in 1957 and last sold on Dec 5, 2023 for $385,000.
How much is this home worth?
The estimated value of the home located at 1824 Platt Street is $0.
What are some comparable homes to 1824 Platt Street?
There are currently no comparable homes to 1824 Platt Street.
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