186 N Elm St Sparta, MI 49345
Estimated payment $2,120/month
Highlights
- 1 Fireplace
- Corner Lot: Yes
- 4-minute walk to Sparta Sports Park
- Ridgeview Elementary School Rated A-
- Forced Air Heating System
About This Home
Seller is offering 3% in concessions.
Great investment opportunity in an excellent location.
3 bed / 1.5 bath main floor
2 bed / 1 bath upper floor
Currently leased with long-term tenants that wish to stay.
Cash flows at $2,900/month.
Great space, and a solid property with a brand-new roof.
Ready for a new owner.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,549
Year Built
- Built in 1911
Lot Details
- 0.27 Acre Lot
- Lot Dimensions are 101 x 115
- Corner Lot: Yes
- Level Lot
Parking
- 4 Parking Spaces
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1 Fireplace
- Basement Fills Entire Space Under The House
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Wall Furnace
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- The owner pays for trash collection, water, sewer
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,520 | $138,000 | $0 | $0 |
| 2024 | $5,520 | $129,300 | $0 | $0 |
| 2023 | $3,998 | $100,800 | $0 | $0 |
| 2022 | $5,310 | $89,000 | $0 | $0 |
| 2021 | $2,858 | $83,500 | $0 | $0 |
| 2020 | $2,028 | $79,800 | $0 | $0 |
| 2019 | $2,218 | $73,700 | $0 | $0 |
| 2018 | $2,629 | $63,300 | $0 | $0 |
| 2017 | $2,977 | $44,300 | $0 | $0 |
| 2016 | $1,698 | $42,500 | $0 | $0 |
| 2015 | -- | $42,500 | $0 | $0 |
| 2013 | -- | $40,100 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Pending | -- | -- | -- |
| 07/16/2025 07/16/25 | Price Changed | $284,900 | -4.7% | -- |
| 07/07/2025 07/07/25 | For Sale | $299,000 | 0.0% | -- |
| 07/01/2025 07/01/25 | Pending | -- | -- | -- |
| 06/10/2025 06/10/25 | For Sale | $299,000 | +15.0% | -- |
| 03/22/2023 03/22/23 | Sold | $260,000 | -3.7% | -- |
| 03/08/2023 03/08/23 | Pending | -- | -- | -- |
| 03/02/2023 03/02/23 | For Sale | $269,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $260,000 | None Listed On Document | |
| Quit Claim Deed | -- | New Title Company Name | |
| Warranty Deed | $172,000 | Accommodation | |
| Warranty Deed | $38,000 | Hbi Title Services Inc | |
| Sheriffs Deed | $59,812 | None Available | |
| Warranty Deed | $102,200 | None Available | |
| Deed | $100,000 | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $135,750 | New Conventional | |
| Previous Owner | $140,000 | New Conventional | |
| Previous Owner | $57,600 | New Conventional | |
| Previous Owner | $85,725 | Unknown | |
| Previous Owner | $17,571 | Unknown | |
| Previous Owner | $81,760 | New Conventional | |
| Previous Owner | $20,440 | Stand Alone Second |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25027468
APN: 41-05-14-327-005
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