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314 West Fay Avenue

314 West Fay Avenue, Memphis, TN 38109
Property in Riverview
314 West Fay Avenue in Memphis, TN was first built in 1928 and is 96 years old. This has been categorized as a commercial property type. It is a single story home. 314 West Fay Avenue has 1,576 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. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 6,000 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. 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, 314 West Fay Avenue was last sold in Oct 25, 2018 for $18,000. According to our calculations, that's $11.42 per sqft. Current property owners are expected to pay $750 in taxes per year. The property on 314 West Fay Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $12,320. To break that down further, the land itself was valued at $3,120. While improvements to the property were assessed at a total of $9,200. 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. 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. 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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: Poor
  • Building Quality: C
  • Construction Type: Frame
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,576
  • Gross Building Area: 1,744
  • Building Area: 1,744
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,576
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Fireproof reinforced concrete frames/Non-combustible materials
  • Property Class: Commercial
  • Subdivision: FORDHURST
  • Land Acres: 0.138
  • Standard Land Use Code: Retail/residential (mixed use)
  • Legal Description 1: NS FAY COR SWIFT NE

Ownership

  • Current Owner : SIBER NOOK IRA 314W FAY LLC
  • Previous Owner : ALEXANDER BOBBIE J
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 005300

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: MB 8-151
  • District: O
  • Parcel: 03-5013-0-0026
  • Lot: 264
  • Municipality: MEMPHIS
  • Latitude: 35.1031
  • Longitude: -90.073

    Address

  • Full Address: 314 W Fay Ave
  • Address - House Number: 314
  • Street Direction: W
  • Address - Street Name: Fay
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Memphis
  • Carrier Code: C080
  • 4-Digit Zip Code: 1522
  • Zip Code: 38109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $750

    Market Valuation

  • Market Total Value: $30,800
  • Market Land Value: $7,800
  • Market Improvement Value: $23,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $12,320
  • Assessed Land Value: $3,120
  • Assessed Improvements Value: $9,200

    Sales

  • Current Sale Contract Date: Oct 25, 2018
  • Current Sale Recording Date: Oct 30, 2018
  • Current Sale Transaction ID: 11524075137
  • Current Sale Price: $18,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 18111415

About South Memphis Planning Dist



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Frequently Asked Questions

What neighborhood is 314 West Fay Avenue located in?
The 314 West Fay Avenue is a other located in the neighborhood of Riverview in South Memphis Planning Dist, Memphis.
What is the average sales price for listings in 314 West Fay Avenue?
The average sales price for units in 314 West Fay Avenue is $0 currently.

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