For Sale
541 W Elm Street, Wayland, MI 49348
$200,000
MLS # 26036756 (Michigan Regional Information Center (MichRIC))
2 beds2 baths1,236 sqftBuilt 19000.29 acres
1 / 33
Listing Description
Incredible equity-building opportunity with a massive backyard in the heart of Wayland! This cute 2-bedroom, 2-bathroom home is the perfect canvas for investors looking for a high-yield rental, flippers, or budget-conscious buyers ready to build immediate sweat equity. The main floor offers a surprisingly open and airy flow. You will love the expansive kitchen, which features an abundance of classic white cabinetry, great counter space, and a built-in peninsula snack bar that overlooks the dining area. Transition seamlessly into the bright living room, perfect for relaxing or entertaining. Convenience is built right into the layout with a dedicated main-floor laundry room/mudroom that doubles as a rear entry, alongside a full main-floor bathroom. Upstairs, the home features a large primary bedroom with a walk-in closet, a comfortable second bedroom with charming angled ceilings, and a second full bathroom—a rare commodity for homes in this price range!
Source: SparkMLS
About this home
2-bedroom, 2-bath, 1,236 sq ft home in Wayland in Wayland built in 1900.
Listed at $200,000 (about $162/sq ft).
Annual property taxes run approximately $2,065 ($172/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Great Lakes Energy Cooperative; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms2
Living Area1,236 sqft
Lot Size0.29 acres
Year Built1900
Stories2
Location
CityWayland
MunicipalityWayland Twp
Zip Code49348
CountyAllegan
School DistrictWayland
Construction & Systems
StyleTraditional
ConstructionShingle Siding
BasementMichigan Basement
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed7/16/2026
Terms AcceptedCash, FHA, VA Loan, Rural Development, MSHDA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,065
Tax Year2025
Assessed Value$44,914
Parcel #56-450-168-50
Source: SparkMLS
Legal Description
UNNUMBERED LOT 66' E & W BY 189.75' N & S LYING BETWEEN LOTS 168 & 134 KELLOGG'S ADDITION TO THE VILLAGE OF WAYLAND SEC 6 T3N R11W.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Scott Grondman
Bellabay Realty (SW)
Frequently Asked Questions about 541 W Elm Street, Wayland, MI 49348
Which school district serves 541 W Elm Street, Wayland, MI 49348?
Per MLS# 26036756, 541 W Elm Street, Wayland, MI 49348 is in the Wayland boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Wayland directly to confirm enrollment eligibility.
What financing options are available for 541 W Elm Street, Wayland, MI 49348?
Per MLS# 26036756, this listing accepts Cash, FHA, VA Loan, Rural Development, MSHDA, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 541 W Elm Street, Wayland, MI 49348?
Per public tax records, annual property taxes for this property are $2,065 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 541 W Elm Street, Wayland, MI 49348 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 541 W Elm Street, Wayland, MI 49348 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 541 W Elm Street, Wayland, MI 49348?
Per Michigan Public Service Commission service territory data: Electric: Great Lakes Energy Cooperative. Gas: Michigan Gas Utilities Corporation. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Wayland Twp police department or the Allegan County sheriff's office.
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Monthly payment$1,297
Principal & interest$1,297
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Great Lakes Energy Cooperative
Co-op
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
541 W Elm Street, Wayland, MI 49348
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Municipality
Wayland
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