1245 Forrest Avenue

1245 Forrest Avenue in Memphis, TN was first built in 1923 and is 103 years old. This has been categorized as a property type. For those interested in architecture, the building on the property was built in a . There are a total of 125 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1245 Forrest Avenue has 2,250 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 460 ft and the linear feet between the front and back of the lot is 1,590. In total, the area measurement of the land is 7,314 square feet.

Learn more about the property and building on this page. There is a . The home has a style roof made of . For those who need parking, there is a . The garage is 216 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of . The condition of the building has been evaluated as . The exterior walls of the home are made of . As for heating, the home is utilizing and being fueled with . The property was last sold in Sep 22, 2022 for $125,000. That's $50.69 per sqft. Prior to that sales transaction, the property was also sold in Aug 31, 2021 for $450,460. 1245 Forrest Avenue was last assessed in 2022. The total value of the property was assessed at $29,675. Specifically, the land the property is located on was valued at $4,725. While improvements on the property were assessed at a total of $24,950. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $180,769. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.