2379 Ketchum Road

2379 Ketchum Road 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 1929 and is 95 years old. However, we must point out that the home was most recently renovated and altered in 1976. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2379 Ketchum Road has 1,380 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 1,090 ft and across the front of the lot is 510 ft. The area measurement of the land has been determined as 5,515 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. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. 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 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. 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, 2379 Ketchum Road was last sold in Sep 2, 2022 for $115,000. According to our calculations, that's $83.33 per sqft. Prior to that sales transaction, the property was sold for $30,000 in Jun 17, 2022. Current property owners are expected to pay $1,028 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 2379 Ketchum Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $16,880. To break that down further, the land itself was valued at $3,640. While improvements to the property were assessed at a total of $13,240. 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. 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!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.