2956 Old Austin Peay Highway

Local assessors in Memphis, TN have categorized 2956 Old Austin Peay Highway as a commercial type of property. The home was built in 1956 and is 68 years old. The property's lot size has been calculated to be 5,400 square feet. The linear feet between the front and back of the lot was measured at 900 ft and the front of the lot was measured at 600 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 2956 Old Austin Peay Highway has a total of 775 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. 2956 Old Austin Peay Highway is a 4 code building. This code stands for "buildings that have wood or wood and steel frames.". 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 wood 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 block 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, 2956 Old Austin Peay Highway was last sold in Mar 11, 2021 for $77,500. According to our calculations, that's $100.00 per sqft. Prior to that sales transaction, the property was sold for $55,000 in Apr 23, 2014. Current property owners are expected to pay $1,177 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 2956 Old Austin Peay Highway was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $13,520. To break that down further, the land itself was valued at $9,720. While improvements to the property were assessed at a total of $3,800. 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.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.