5855 Fairwood Lane

5855 Fairwood Lane 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 1996 and is 28 years old. However, we must point out that the home was most recently renovated and altered in 2010. The home has a total of 10 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 6 full bathrooms. There are 6 partial bathrooms in the home. The building has a total of 1 stories. In addition, 5855 Fairwood Lane has 5,656 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 147,233 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a contemporary style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 759 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying both a unknown and a patio. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Nov 30, 2021 for $2,500,000. That's $389.71 per sqft. 5855 Fairwood Lane was last assessed in 2022. The total value of the property was assessed at $464,450. Specifically, the land the property is located on was valued at $235,975. While improvements on the property were assessed at a total of $228,475. 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 $16,534. The initial tax year of delinquency was in 2022. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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.