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$328,000

Beds
5
Baths
3.5
sq ft
2,549

11 Pleasant St, Sparta, MI 49345

11 Pleasant St

Sparta Vlg, MI 49345

  • 103 days on market
    • Price drop $11,000↓
This amazing Victorian style home was built in 1869. Home is filled with many original and vintage accessories and features a formal dining room, parlor, sitting room, foyer and living room with a fireplace on the main floor. There is a kitchen and bathroom on the main level as well. The home currently is set up to rent up to 5 bedrooms on the upper 2 levels. Not only does this home offer a unique cash flow opportunity for weekly room rentals, the home also has a large basement and a detached 24'X26' that is split between use as a garage and an art studio. This property is located on a corner lot, just two blocks from the heart of downtown Sparta. There is a full bathroom on all 3 levels of the home.

Details

Property type

Single Family Residence

Est. home value

$357,089

Lot size

0.31 acres

Price per sq ft

$129

Year built

1869

Annual property taxes

$2,481

Price History

05/02/2024
Realcomp

Realcomp #65024015938

Price change
$328,000
-3.24%
04/04/2024
Realcomp

Realcomp #65024015938

Listed
$339,000
-0.26%
01/24/2024
Realcomp

Realcomp #65023135462

Removed
$339,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Sparta

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$211,114
Asking price
$328,000
Closing costs (~8% of asking)
-$26,240
Est. remaining loan balance
-$90,646
Cash to seller
$211,114

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Compass Credit Union

Loan start date

October 2021

Original loan amount

$101,000

Est. remaining balance

$90,646

Interest rate

2.88%

Loan type

New Conventional, 20 year

Seller

Marilyn Morton Lakatos

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/16/2024 at 6:00 PM

Listing updated: 05/02/2024 at 2:33 PM

Listed by: Keith A Hull, City2Shore Real Estate (GR) Phone #: (616) 325-1310

MLS: Realcomp #65024015938

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