1616 South Highland Street

1616 South Highland Street in Memphis, TN was first built in 1950 and is 74 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 cottage style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1616 South Highland Street has 904 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 600 ft and the linear feet between the front and back of the lot is 2,000. In total, the area measurement of the land is 11,326 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of composition shingle. For those who need parking, there is a carport. The garage is 384 sqft. 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 fair. The exterior walls of the home are made of asbestos shingle. 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 central heating system and being fueled with gas. 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, 1616 South Highland Street sold most recently in Feb 22, 2019 for a total of $52,000. If you work out the math, that's approximately a cost of $57.52 per sqft. Before that, the property was also sold for $15,501 in Dec 4, 2018. 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 $740 in taxes each year. The initial year of tax delinquency occurred in 2021. 1616 South Highland Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $12,150. If we break it down further, the land itself was valued at $1,625. Improvements to the property, however, were assessed at a total of $10,525. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.