615 Chelsea Avenue

Local assessors in Memphis, TN have categorized 615 Chelsea Avenue as a commercial type of property. The home was built in 1930 and is 94 years old. The property's lot size has been calculated to be 54,450 square feet. 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 615 Chelsea Avenue has a total of 16,743 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. 615 Chelsea Avenue is a 4 code building. This code stands for "buildings that have wood or wood and steel frames.". Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is poor. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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. Lots of concrete were used in the construction of the exterior walls of the home. Residents rely on no air conditioning for their cooling system. The home's electric heaters is the primary heating source and it is being fueled with electricity. The property was last sold in Dec 20, 2018 for $260,000. That's $15.53 per sqft. Prior to that sales transaction, the property was also sold in May 31, 2012 for $385,000. 615 Chelsea Avenue was last assessed in 2022. The total value of the property was assessed at $173,040. Specifically, the land the property is located on was valued at $27,920. While improvements on the property were assessed at a total of $145,120. 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 $10,541. The initial tax year of delinquency was in 2022. 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. 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.