1471 East Brooks Road

1471 East Brooks Road in Memphis, TN was first built in 1974 and is 50 years old. Although, the building on the property was most recently renovated and altered in 1984. This has been categorized as a commercial property type. It is a single story home. 1471 East Brooks Road has 75,681 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. In total, the area measurement of the land is 239,449 square feet.

Learn more about the property and building on this page. The building type has been coded as 2. The code stands for buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. 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, 1471 East Brooks Road was last sold in Mar 28, 2019 for $1,825,000. According to our calculations, that's $24.11 per sqft. Prior to that sales transaction, the property was sold for $1,650,000 in Dec 5, 2014. Current property owners are expected to pay $45,017 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 1471 East Brooks Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $739,000. To break that down further, the land itself was valued at $172,920. While improvements to the property were assessed at a total of $566,080. 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. 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.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.