2563 Broad Avenue

Local assessors in Memphis, TN have categorized 2563 Broad Avenue as a commercial type of property. The home was built in 1915 and is 109 years old. It was most recently renovated and altered in 1980. The property's lot size has been calculated to be 3,875 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 1,500 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2563 Broad Avenue has a total of 3,150 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. 2563 Broad Avenue 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 average. 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 - C. Lots of brick 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. 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, 2563 Broad Avenue was last sold in Apr 22, 2021 for $425,000. According to our calculations, that's $134.92 per sqft. Prior to that sales transaction, the property was sold for $90,000 in Dec 30, 2001. Current property owners are expected to pay $4,113 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 2563 Broad Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $67,520. To break that down further, the land itself was valued at $11,160. While improvements to the property were assessed at a total of $56,360. 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. 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.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.