3108 Park Avenue

3108 Park Avenue has been categorized by the local assessors in Memphis, TN as a commercial type of property. The building on the property was first built in 1940 and is 84 years old. However, we must point out that the home was most recently renovated and altered in 1960. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3108 Park Avenue has 889 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 8,626 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. We know that this is 4 code building. This code stands for "buildings that have wood or wood and steel frames.". Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. 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 inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it 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, 3108 Park Avenue was last sold in Dec 15, 2022 for $113,000. According to our calculations, that's $127.11 per sqft. Current property owners are expected to pay $1,162 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 3108 Park Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $19,080. To break that down further, the land itself was valued at $6,920. While improvements to the property were assessed at a total of $12,160. 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.