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22 South Main

22 South Main, Memphis, TN 38103
Commercial in Downtown Memphis
Local assessors in Memphis, TN have categorized 22 South Main as a office type of property. The home was built in 1965 and is 59 years old. It was most recently renovated and altered in 1982. The property's lot size has been calculated to be 5,513 square feet. This is a 7 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 22 South Main has a total of 32,732 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 22 South Main is a 2 code building. This code stands for "buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.". Moving onto specific details regarding the building. Our sources show that the building condition is poor. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - E. Lots of concrete were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source and it is being fueled with gas. The property was last sold in Mar 3, 2023 for $3,000,000. That's $91.65 per sqft. 22 South Main was last assessed in 2022. The total value of the property was assessed at $400,000. Specifically, the land the property is located on was valued at $64,360. While improvements on the property were assessed at a total of $335,640. 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 $24,367. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20181108
11/08/2018
Studio
-
-
$125,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Poor
  • Building Quality: E
  • Construction Type: Frame
  • Exterior Walls Type: Concrete
  • Floor Count: 7
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,513
  • Lot Size Frontage Feet: 370
  • Total Building Area: 32,732
  • Gross Building Area: 32,732
  • Building Area: 32,732
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 32,732
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Fireproof reinforced concrete frames/Non-combustible materials
  • Property Class: Office
  • Land Acres: 0.127
  • Standard Land Use Code: Commercial office (general)
  • Legal Description 1: ES SECOND 74.25 FT N OF MONROE

Ownership

  • Current Owner : ALLIED GROUP REALTY LLC
  • Previous Owner : LHI HOLDINGS LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Dec 03, 2023

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 004200

Zoning

  • Zoning: SE

Geography

  • District: O
  • Parcel: 00-2059-0-0013
  • Lot: 357
  • Municipality: MEMPHIS
  • Latitude: 35.1441
  • Longitude: -90.0515

    Address

  • Full Address: 22 S 2nd St
  • Address - House Number: 22
  • Street Direction: S
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: TN
  • City Name: Memphis
  • Carrier Code: C007
  • 4-Digit Zip Code: 2613
  • Zip Code: 38103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $24,367

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,626,500
  • First Open Lien Mortgage Lender: UNITY BANK OF MISSISSIPPI
  • First Open Lien Mortgage Recording Date: Mar 07, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,626,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $1,000,000
  • Market Land Value: $160,900
  • Market Improvement Value: $839,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $400,000
  • Assessed Land Value: $64,360
  • Assessed Improvements Value: $335,640

    Sales

  • Current Sale Contract Date: Mar 03, 2023
  • Current Sale Recording Date: Mar 07, 2023
  • Current Sale Transaction ID: 11903105215
  • Current Sale Price: $3,000,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 18068

    Last Sale Mortgage

  • First Mortgage Lender: UNITY BANK OF MISSISSIPPI
  • First Mortgage Transaction Date: Mar 07, 2023
  • First Mortgage Loan Amount: $2,626,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 22 South Main located in?
The 22 South Main is a commercial located in the neighborhood of Downtown Memphis in Downtown Memphis, Memphis.
What is the average sales price for listings in 22 South Main?
The average sales price for units in 22 South Main is $0 currently.

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