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Berrien 49120
7168 True Road
$29,680
● Mobile Manufactured - Off Market

7168 True Road

Niles, MI 49120
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,792 Ft²
$338
Est. Monthly
48.85%
Cap Rate

About This Property

3 bedroom, 2 bath home on an 1/2 acre lot.  Family room with fireplace. Nice size kitchen.  Main floor laundry area.  This is a Fannie Mae HomePath property.  All measurements and square footage are approximate and should be verified by buyer.
Unit Size
1,792 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$17
Property Type
Mobile Manufactured
Property Taxes
$192
HOA Dues
-
Year Built
2002

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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 #15027823)

Price History

Date / Event Date Event Price
Aug 7, 2017 Sold
Premium
Sold
Jul 31, 2017 Listed by Coldwell Banker Anchor R.E. $100,000
Listed by Coldwell Banker Anchor R.E.
Mar 2, 2017 Sold
Premium
Sold
Jun 1, 2015 Listed by Coldwell Banker Anchor R.E. $29,680
Listed by Coldwell Banker Anchor R.E.

Property Highlights

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 17
  • 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: 21,780
  • Lot Size Depth Feet: 2,500
  • Lot Size Frontage Feet: 870
  • Total Building Area: 1,664
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • Standard Land Use Code: 1016
  • County Land Use Code: 401
  • Legal Description 1: COM 1330.58'S01DEG12'42''E & 1763.68'N89DEG47'E OF N1/4 PST SEC 28 T6S R17W TH N00DEG02'E 27' TH N87DEG23'E 87.08'TH

Neighborhood

  • School District Name: Berrien Springs Public Schools
  • School Tax School District: BERRIEN SPRINGS
  • Census Tract: 010600

Zoning

  • Zoning: AGRI / RES

Geography

  • Assessors Map Reference: 028-2
  • District: 04
  • Parcel: 04-0028-0007-03-3
  • Meridian: SEC 28 TWN 06S RNG 17W
  • Municipality: BERRIEN TWP
  • Latitude: 41.924
  • Longitude: -86.2845

    Address

  • Full Address: 7168 True Rd
  • Address - House Number: 7168
  • Address - Street Name: True
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Niles
  • Carrier Code: R003
  • 4-Digit Zip Code: 9034
  • Zip Code: 49120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $97,892

    Appraisal Valuation

  • Standard Deviation: 0.267
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 61
  • Final Value: 201,690
  • High Value: 255,544
  • Low Value: 147,835

    Market Valuation

  • Market Total Value: $144,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $72,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 31, 2017
  • Current Sale Recording Date: Aug 07, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Mar 02, 2017
  • Previous Sale Contract Date: Feb 23, 2017
  • Previous Sale Amount: $17,000
  • Previous Sale Document Type: 27
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

Rentals Near You

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MichRIC

Listed by: Harry Burleson, Coldwell Banker Anchor R.E.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 15027823
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 7168 True Road built and last sold?
The property at 7168 True Road was built in 2002 and last sold on Jul 31, 2017 for $100,000.
How much is this home worth?
The estimated value of the home located at 7168 True Road is $0.
What are some comparable homes to 7168 True Road?
There are currently no comparable homes to 7168 True Road.
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