3674 Fairmont Avenue

Local assessors in Memphis, TN have categorized 3674 Fairmont Avenue as a residential type of property. The home was built in 1950 and is 74 years old. The property's lot size has been calculated to be 5,640 square feet. The linear feet between the front and back of the lot was measured at 1,230 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a cottage style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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 3674 Fairmont Avenue has a total of 858 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. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 - C. The building has a roof that is made of composition shingle. Lots of asbestos shingle were used in the construction of the exterior walls of the home. Residents rely on an air conditioning type we are unsure of for their cooling system. The home's a heating system is the primary heating source and it is being fueled with gas. The property was last sold in Sep 28, 2018 for $25,000. That's $29.14 per sqft. Prior to that sales transaction, the property was also sold in Oct 17, 2014 for $16,000. 3674 Fairmont Avenue was last assessed in 2022. The total value of the property was assessed at $6,925. Specifically, the land the property is located on was valued at $1,300. While improvements on the property were assessed at a total of $5,625. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $422. The initial tax year of delinquency was in 2021. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.