3041 Park Avenue

3041 Park Avenue in Memphis, TN was first built in 1944 and is 80 years old. This has been categorized as a commercial property type. It is a single story home. 3041 Park Avenue has 2,142 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 13,311 square feet.

Learn more about the property and building on this page. The building type has been coded as 2. The code stands for buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.. There is a unknown. 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 frame 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 poor. The exterior walls of the home are made of brick veneer. 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 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, 3041 Park Avenue was last sold in Sep 30, 2019 for $3,457. According to our calculations, that's $1.61 per sqft. Prior to that sales transaction, the property was sold for $159,500 in Jun 20, 2003. Current property owners are expected to pay $1,440 in taxes per year. The property on 3041 Park Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $23,640. To break that down further, the land itself was valued at $10,280. While improvements to the property were assessed at a total of $13,360. 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. 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!