216 3rd Avenue North

216 3rd Avenue North has been categorized by the local assessors in Nashville, TN as a office type of property. The building on the property was first built in 1950 and is 74 years old. However, we must point out that the home was most recently renovated and altered in 1965. The building has a total of 3 stories. In addition, 216 3rd Avenue North has 6,615 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 1,080 ft and across the front of the lot is 210 ft. The area measurement of the land has been determined as 1,742 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. 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 C by the local assessor. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing no 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, 216 3rd Avenue North was last sold in Dec 17, 2021 for $4,000,000. According to our calculations, that's $604.69 per sqft. Prior to that sales transaction, the property was sold for $2,500,000 in Sep 23, 2020. Current property owners are expected to pay $39,247 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2016. The property on 216 3rd Avenue North was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,160,000. To break that down further, the land itself was valued at $317,520. While improvements to the property were assessed at a total of $842,480. 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.