1157 Melrose Street

1157 Melrose Street in Memphis, TN was first built in 1930 and is 94 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a bungalow style. It is a single story home. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1157 Melrose Street has 1,227 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,080. In total, the area measurement of the land is 5,400 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable style roof made of composition shingle. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as poor. The exterior walls of the home are made of brick veneer. As for heating, the home is utilizing a forced air unit and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1157 Melrose Street was last sold in Jun 26, 2023 for $18,970. According to our calculations, that's $15.46 per sqft. Prior to that sales transaction, the property was sold for $44,386 in Mar 30, 2006. Current property owners are expected to pay $830 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2015. The property on 1157 Melrose Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $13,625. To break that down further, the land itself was valued at $1,100. While improvements to the property were assessed at a total of $12,525. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.