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Cass 49120
1861 M 51
$255,000
● House - Off Market

1861 M 51

Niles, MI 49120
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,104 Ft²
$1,398
Est. Monthly
6.36%
Cap Rate

About This Property

Presenting a charming three-bedroom, one-bathroom ranch-style home that exemplifies comfort and tranquility. This residence features a spacious full basement, offering ample storage. Nestled on a beautifully landscaped property adorned with vibrant fruit trees, this home provides an inviting outdoor environment that is ideal for gardening and relaxation. Its convenient location near a nature preserve allows for easy access to serene, natural surroundings. This property represents an excellent opportunity to embrace a peaceful and balanced lifestyle, making it an ideal choice for families or individuals seeking a welcoming retreat. We invite you to consider this exceptional home as your future residence.
Unit Size
1,104 Ft²
Days on Market
-
Land Size
4.20 acres
Price per sqft
$236
Property Type
House
Property Taxes
$121
HOA Dues
-
Year Built
-

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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 #24060593)

Price History

Date / Event Date Event Price
Jan 6, 2025 Sold
Premium
Sold
Dec 11, 2024 In contract -
In contract
Nov 22, 2024 Listed by Weichert Realtors-Gold Star $260,000
Listed by Weichert Realtors-Gold Star
Sep 13, 2022 Sold
Premium
Sold
Jan 11, 2019 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 97,574
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002240
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 74H SEC 6 T7S R16W COM 1587 FT & N 748.6 FT FRM S 1/4 COR, TH W 734.9 FT TO E LINE HWY M-51, TH NELY ALONG SD E LINE 157 FT,

Neighborhood

  • School District Name: Niles Community School District
  • School Tax School District: NILES
  • Census Tract: 002202

Geography

  • District: 020
  • Parcel: 14-020-006-030-00
  • Municipality: HOWARD TWP
  • Latitude: 41.8868
  • Longitude: -86.222

    Address

  • Full Address: 1861 M 51
  • Address - House Number: 1861
  • Address - Street Name: M 51
  • State: MI
  • City Name: Niles
  • Carrier Code: R005
  • 4-Digit Zip Code: 8809
  • Zip Code: 49120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $65,015

    Appraisal Valuation

  • Standard Deviation: 0.1292
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 85
  • Final Value: 177,424
  • High Value: 200,362
  • Low Value: 154,487

    Market Valuation

  • Market Total Value: $121,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $60,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 01, 2022
  • Current Sale Recording Date: Sep 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 11, 2019
  • Previous Sale Contract Date: Dec 28, 2018
  • Previous Sale Amount: $104,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Cass

Stats & Trends

Median Asking:

$300,000

Sale Price/ft²

$178

Below Asking

0.03%

Average Days on Market

65

Average Home Size

1962 ft²

Average Home Age

60.6 years

Currently For Sale

164 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: Jamie J Floyd, Weichert Realtors-Gold Star
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24060593
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 1861 M 51 built and last sold?
The property at 1861 M 51 was built in and last sold on Sep 1, 2022 for $185,000.
How much is this home worth?
The estimated value of the home located at 1861 M 51 is $0.
What are some comparable homes to 1861 M 51?
There are currently no comparable homes to 1861 M 51.
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