NOT LISTED FOR SALE

45 E Division St Sparta, MI 49345

Estimated Value: $243,580 - $277,000

4 Beds
3 Baths
-- Sq Ft
9,888 Sq Ft Lot

Last Sold May 11, 2021

Last sale price $171,000

Est. 50% increase in value since last sale

Current estimated payment $1,683/month

2 Days on Market

Highlights

  • Wooded Lot
  • Baseboard Heating
  • 5-minute walk to William A Rogers Village Park
  • Sparta Senior High School Rated 9+

About This Home

As of May 2021

Great investment opportunity in the Village of Sparta. Here is your chance to own a 3 unit rental property in an area where apartments are in high demand for prospective tenants. Landlord pays only GAS and water/sewer. Total monthly rent of 1,885 which is low and can be raised to current market rent. All tenants are month to month. One tenant just moved out and that unit needs to be updated. Other two tenants are long term and currently month to month. Photos are of a currently occupied unit. Plenty of off-street parking.

Last Agent to Sell the Property

Jeffry Kermath

Kermath Realty LLC License #6502334057 Listed on: 04/11/2021

Last Buyer's Agent

Mark Brace

Berkshire Hathaway HomeServices Michigan Real Estate (Main) License #6502368851

Berkshire Hathaway HomeServices Michigan Real Estate (Main)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,967

Year Built

  • Built in 1920

Lot Details

  • 9,888 Sq Ft Lot
  • Wooded Lot

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Michigan Basement

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,967

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 164900.0
  • Lot Features: Sidewalk, Wooded
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Natural Gas, Hot Water, Baseboard
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Sq Ft: 9888.0
  • Zoning Description: RESidential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3967.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2021
Closed on
May 12, 2021
Sold by
Paulson Jonathan
Bought by
Chi Ak2 Properties Llc
Seller's Agent
Jeffry Kermath
Kermath Realty LLC
Buyer's Agent
Mark Brace
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
List Price
$164,900
Sold Price
$171,000
Premium/Discount to List
$6,100
3.7%
Current Estimated Value
$256,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,145
Avg. Annual Appreciation
9.02%

Purchase Details

Listed on
Nov 6, 2018
Closed on
Dec 7, 2018
Sold by
Williams Michael R
Bought by
Paulson Jonathan
Seller's Agent
Drew Wodarski
Realty Michigan LLC
Buyer's Agent
Kamie Jakeway
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
List Price
$139,900
Sold Price
$132,000
Premium/Discount to List
-$7,900
-5.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.70%
Original Mortgage
$99,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2015
Sold by
Cumings Marijean and Cumings Vernon
Bought by
Williams Michael R

Purchase Details

Closed on
Sep 9, 2006
Sold by
Schoenborn Gail L
Bought by
Williams Michael R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Chi Ak2 Properties Llc $171,000 Fatic
Paulson Jonathan $132,000 Chicago Title Of Michigan
Williams Michael R $85,000 Attorney
Williams Michael R -- Lasalle Ins Svcs Title Div
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paulson Jonathan $99,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/11/2021 05/11/21 Sold $171,000 +3.7% --
04/13/2021 04/13/21 Pending -- -- --
04/11/2021 04/11/21 For Sale $164,900 +24.9% --
01/07/2019 01/07/19 Sold $132,000 -5.6% -- View Prior Sale
11/16/2018 11/16/18 Pending -- -- --
11/06/2018 11/06/18 For Sale $139,900 -- --
Source: MichRIC

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 $4,119 $118,600 $0 $0
2024 $41 $111,100 $0 $0
2023 $3,931 $99,100 $0 $0
2022 $5,220 $87,500 $0 $0
2021 $4,012 $72,500 $0 $0
2020 $2,846 $69,400 $0 $0
2019 $3,114 $64,900 $0 $0
2018 $2,577 $49,700 $0 $0
2017 $3,532 $45,100 $0 $0
2016 $2,456 $43,200 $0 $0
2015 -- $43,200 $0 $0
2013 -- $41,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffry Kermath

    Seller's Agent in 2021

    Jeffry Kermath

    Kermath Realty LLC

    (734) 649-4903

    1 in this area

    620 Total Sales

    Jeffry Kermath
    Section Image
  • Mark Brace

    Buyer's Agent in 2021

    Mark Brace

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 447-7025

    6 in this area

    799 Total Sales

    Mark Brace
    Section Image
  • Drew Wodarski

    Seller's Agent in 2019

    Drew Wodarski

    Realty Michigan LLC

    (616) 890-8225

    2 in this area

    102 Total Sales

    Drew Wodarski
    Section Image
  • Kamie Jakeway

    Buyer's Agent in 2019

    Kamie Jakeway

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 446-3062

    98 Total Sales

    Kamie Jakeway
    Section Image
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Map

Source: MichRIC

MLS Number: 21011682

MichRIC

APN: 41-05-14-351-066

Michigan Kent County Sparta 49345

45 E Division St, Sparta, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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