NOT LISTED FOR SALE

147 N Union St Sparta, MI 49345

Estimated Value: $316,000 - $350,844

5 Beds
5 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold November 13, 2017

Last sale price $250,000

Est. 35% increase in value since last sale

Current estimated payment $2,209/month

366 Days on Market

Highlights

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Laundry Facilities
  • Ridgeview Elementary School Rated A-
  • Hot Water Heating System
  • 3-minute walk to Sparta Sports Park

About This Home

As of November 2017

Good Producing Income Property! One Block from Downtown Sparta, this 4 Unit property is producing $30,900 gross rent per year. 2-2 Bedroom units and 2-1 Bedroom units. Many updates have been completed, including New Roof, Exterior Paint, Electrical and Plumbing. All utilities are separated including Water/Sewer. Full Basement with 3 separate laundry hooks up for Tenants and additional storage. Great opportunity for Investor or Owner Occupant, let someone else make your house payment.

Last Agent to Sell the Property

Mike Lamb

Coldwell Banker Schmidt Realtors License #6506-041938 Listed on: 09/17/2016

Coldwell Banker Schmidt Realtors

Last Buyer's Agent

Scott Hutchison

Coldwell Banker Schmidt Realtors License #6502361159

Coldwell Banker Schmidt Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,298

Year Built

  • Built in 1870

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Parking

  • 9 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Hot Water Heating System
  • Shared Gas Meter
  • Separate Water Meter
  • Shared Water Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for water, sewer, gas

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,298

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1870
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3298.0
  • Tax Info:Zoning3: R2
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Heat Type:Hot Water: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Heat Type:Space Heater: Yes
  • Extras:Sep Water Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • List Price: 262000.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 9.0
  • General Property Info:Total Parking Spaces: 9.0

Utilities

  • Cooling: Window Unit(s), Wall Unit(s)
  • Cooling: Yes
  • Heating: Space Heater, Hot Water, Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 3298.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2016
Closed on
Nov 13, 2017
Sold by
Counterrler Mark J and Counterrler Daria M
Bought by
Birdsey Montaigne
Seller's Agent
Mike Lamb
Coldwell Banker Schmidt Realtors
Buyer's Agent
Scott Hutchison
Coldwell Banker Schmidt Realtors
List Price
$299,000
Sold Price
$250,000
Premium/Discount to List
-$49,000
-16.39%
Current Estimated Value
$336,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,418
Avg. Annual Appreciation
4.00%
Original Mortgage
$75,000
Outstanding Balance
$21,533
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$317,178

Purchase Details

Closed on
Aug 31, 1995
Sold by
Imkamp Ronda L and Bird Renae E
Bought by
Couturier Mark J and Couturier Mark J
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Birdsey Montaigne -- None Available
Couturier Mark J $71,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Birdsey Montaigne $75,000
Previous Owner Couturier Mark J $45,000
Previous Owner Couturier Mark J $54,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2017 11/13/17 Sold $250,000 -16.4% --
09/18/2017 09/18/17 Pending -- -- --
09/17/2016 09/17/16 For Sale $299,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,409 $167,000 $0 $0
2024 $4,409 $157,100 $0 $0
2023 $4,208 $140,100 $0 $0
2022 $5,588 $122,100 $0 $0
2021 $5,425 $109,100 $0 $0
2020 $3,849 $104,300 $0 $0
2019 $4,210 $97,500 $0 $0
2018 $5,158 $85,700 $0 $0
2017 $4,901 $63,000 $0 $0
2016 $3,687 $60,300 $0 $0
2015 -- $60,300 $0 $0
2013 -- $57,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16048246

Southwestern Michigan Association of REALTORS®

APN: 41-05-14-351-012