1240 Harbert Avenue

1240 Harbert Avenue has been categorized by the local assessors in Memphis, TN as a residential type of property. The building on the property was first built in 1902 and is 122 years old. However, we must point out that the home was most recently renovated and altered in 1980. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1240 Harbert Avenue has 3,606 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,560 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 9,360 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of rock and stone. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1240 Harbert Avenue sold most recently in Jan 15, 2020 for a total of $287,900. If you work out the math, that's approximately a cost of $79.84 per sqft. Before that, the property was also sold for $198,000 in Feb 23, 2011. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,065 in taxes each year. 1240 Harbert Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $83,150. If we break it down further, the land itself was valued at $16,725. Improvements to the property, however, were assessed at a total of $66,425. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.