$260,000
SOLD MAR 22, 2023

186 N Elm St Sparta, MI 49345

-- Bed
-- Bath
-- Sq Ft
0.27 Acres

Recently Sold

4% Below List Price

6 Days on Market

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

As of March 2023

Great investment opportunity located minutes from downtown Sparta. This two unit duplex has separate entrances. The main floor unit has 2 bedrooms and 1 bathroom, rented for $1,200/ month and is rented through December 31st. Upstairs unit has 3 bedrooms and 1.5 bathrooms, rented for $1,500/ month and is rented through June 30th. This property does have a basement which is perfect for additional storage. Two separate driveways allows for plenty of parking. Schedule your showing today! **Any and all offers are due March 8th at 12pm.

Last Agent to Sell the Property

Darryl Matthews, Jr

Keller Williams GR East License #6506047703 Listed on: 03/02/2023

Keller Williams GR East

Last Buyer's Agent

Kurt Loosenort

Keller Williams GR North (Downtown) License #6501429514

Keller Williams GR North (Downtown)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,231

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

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,231

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1911
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 101 X 115
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: VR2
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Heat Type:Wall Furnace: Yes
  • Lot Description:Corner Lot: Yes
  • Utilities Attached Electricity Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 269900.0
  • Lot Features: Level, Sidewalk, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air, Wall Furnace
  • Heating: Yes
  • Utilities: Natural Gas Available, Cable Available, Electricity Connected

Lot Info

  • Lot Size Acres: 0.27
  • Lot Size Area: 0.27
  • Lot Dimensions: 101 X 115
  • Lot Size Sq Ft: 11631.0
  • Zoning Description: VR2

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4231.18
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2023
Closed on
Mar 24, 2023
Sold by
Prospora Capital Llc
Bought by
Boats And Hoes Llc
Seller's Agent
Darryl Matthews, Jr
Keller Williams GR East
Buyer's Agent
Kurt Loosenort
Keller Williams GR North (Downtown)
List Price
$269,900
Sold Price
$260,000
Premium/Discount to List
-$9,900
-3.67%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.38%

Purchase Details

Closed on
Jan 28, 2022
Sold by
Sparta186nelmst Llc
Bought by
Prospora Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,750
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2021
Sold by
Potes Steven R and Potes Patricia K
Bought by
Sparta186nelmst Llc

Purchase Details

Closed on
May 14, 2010
Sold by
The Huntington National Bank
Bought by
Potes Steven R and Potes Patricia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,600
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2009
Sold by
Johnson Delford A and Johnson Del
Bought by
The Huntington National Bank

Purchase Details

Closed on
May 31, 2006
Sold by
Curtis Jon D and Curtis Tracy
Bought by
Johnson Delford A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,760
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 1999
Sold by
Whitehead Elizabeth
Bought by
Lubben Anthony and Lubben Daphne M

Purchase Details

Closed on
Oct 14, 1998
Sold by
Heth Jerome R D
Bought by
Whitehead Elizabeth R and Potes Steven R
Source: Public Records

Range of Values:

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Average Value
Not Available
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 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 -- --
Source: Public Records

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: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2025 08/20/25 Pending -- -- --
08/08/2025 08/08/25 For Sale $284,900 0.0% --
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 -- --
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 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23006074

Southwestern Michigan Association of REALTORS®

APN: 41-05-14-327-005