2157 South 3rd Street

2157 South 3rd Street has been categorized by the local assessors in Memphis, TN as a commercial type of property. The building on the property was first built in 1978 and is 46 years old. However, we must point out that the home was most recently renovated and altered in 1985. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2157 South 3rd Street has 3,234 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 11,717 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 4 code building. This code stands for "buildings that have wood or wood and steel frames.". Moving on to the building itself. The condition of the building has been evaluated as poor. From what we've gathered, the quality of these control joints have been graded with a letter grade of E by the local assessor. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a 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, 2157 South 3rd Street sold most recently in May 30, 2016 for a total of $8,000. If you work out the math, that's approximately a cost of $2.47 per sqft. Before that, the property was also sold for $48,500 in Oct 22, 1998. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,633 in taxes each year. The initial year of tax delinquency occurred in 2018. 2157 South 3rd Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $26,800. If we break it down further, the land itself was valued at $12,040. Improvements to the property, however, were assessed at a total of $14,760. 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. 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.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.