2840 Faxon Avenue

2840 Faxon Avenue in Memphis, TN was first built in 1963 and is 61 years old. This has been categorized as a industrial property type. It is a single story home. 2840 Faxon Avenue has 11,660 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 29,325 square feet.

Learn more about the property and building on this page. The building type has been coded as 1. The code stands for buildings that have fireproofed structural steel frames carrying all wall, floor and roof loads. The walls, floors and roof structures are built of non-combustible materials.. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with steel control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of metal. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing electric heaters and being fueled with electricity. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2840 Faxon Avenue sold most recently in Jan 31, 2018 for a total of $220,000. If you work out the math, that's approximately a cost of $18.87 per sqft. Before that, the property was also sold for $40,000 in Jun 6, 2008. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,544 in taxes each year. The initial year of tax delinquency occurred in 2022. 2840 Faxon Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $74,600. If we break it down further, the land itself was valued at $12,320. Improvements to the property, however, were assessed at a total of $62,280. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.