241 Thompson Lane

241 Thompson Lane has been categorized by the local assessors in Nashville, TN as a commercial type of property. The building on the property was first built in 1960 and is 64 years old. However, we must point out that the home was most recently renovated and altered in 1980. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 241 Thompson Lane has 18,900 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 2,830 ft and across the front of the lot is 2,210 ft. The area measurement of the land has been determined as 53,579 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 concrete block. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central 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, 241 Thompson Lane was last sold in Sep 25, 2007 for $9,000,000. According to our calculations, that's $3,243.24 per sqft. Current property owners are expected to pay $33,577 in taxes per year. The property on 241 Thompson Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,031,880. To break that down further, the land itself was valued at $502,560. While improvements to the property were assessed at a total of $529,320. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.