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    Property profile & analytics

    Melmar Sparta, IL 62286

    • Apartment buildings
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-3709922
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for Melmar

    Property type
    Apartment buildings
    APN
    19-149-035-00
    APU
    1914903500

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sparta
    County
    Randolph
    State
    Illinois
    Longitude
    -89.7054
    Latitude
    38.1437

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,507
    $38,385
    $40,750
    $79,135
    -
    $115,155
    $122,250
    $237,405

    Comparable in this City

    • Value Estimation by Request
      3.41 Acres

      10 Northbrook Dr

      APARTMENT HOUSE (5+ UNITS) • 3.41 Acres
      10 Northbrook Dr, Sparta, IL 62286-1076
      View Details
    • Value Estimation
      $360,000
      0.35 Acres

      100 James St

      APARTMENT HOUSE (5+ UNITS) • 0.35 Acres
      100 James St, Sparta, IL 62286-1258
      View Details
    • Value Estimation
      $195,000
      0.32 Acres

      411 Osborne St

      APARTMENT HOUSE (5+ UNITS) • 0.32 Acres
      411 Osborne St, Sparta, IL 62286-1445
      View Details
    • Value Estimation
      $65,000
      0.60 Acres

      2nd St

      APARTMENT HOUSE (5+ UNITS) • 0.60 Acres
      2nd St, Sparta, IL 62286
      View Details
    • Value Estimation
      $1,255,000

      1804 Janna Ln

      APARTMENT HOUSE (5+ UNITS)
      1804 Janna Ln, Sparta, IL 62286-3510
      View Details
    • Value Estimation by Request

      401 Btm St

      APARTMENT HOUSE (5+ UNITS)
      401 Btm St, Sparta, IL 62286-1444
      View Details

    Similar Nearby for Sale

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      12.00 Acres

      12 Acres of Farmland

      12 acres of farmland and woods with road frontage.
      Roseborough Rd, Sparta, IL 62286
      View Details
    • Contact for pricing
      0.39 Acres

      Lake View Wooded Land

      Wooded land near Sparta, Illinois, with lake view.
      Flamingo Rd, Sparta, IL 62286
      View Details
    • $250,000
      1.68 Acres

      Commercial Lot in Sparta Square

      Commercial land for sale in Sparta, Illinois, near retailers.
      1302 N Market St N, Sparta, IL 62286
      View Details
    • $140,000
      1.00 Acre

      Sparta Restaurant & Land Opportunity

      Established Restaurant, Acre Lot, Turnkey Operation
      903 Saint Louis St, Sparta, IL 62286
      View Details
    • Contact for pricing

      Commercial Lot Ready For Development

      Commercial lot between medical facilities, ready for development in Sparta.
      540 East Broadway St, Sparta, IL 62286
      View Details
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    Melmar
    Sparta, IL 62286
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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