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748 Old Highway 51 North

748 Old Highway 51 North, Nesbit, MS 38651
Commercial in DeSoto
1 Units For Sale
Unit for sale at 748 Old Highway, Nesbit, MS 38651

$1,800,000

  • Commercial
748 Old Highway #51, Nesbit, MS 38651 Listing by TERRY M SANDERS

748 Old Highway 51 North has been categorized by the local assessors in Nesbit, MS as a residential type of property. The building on the property was first built in 1947 and is 77 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 748 Old Highway 51 North has 1,168 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 73,555 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. Moving on to the building itself. The condition of the building has been evaluated as average. 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 frame control joints. The building has a hip style roof made of shingle (not wood). The exterior walls of the building are made of stucco. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $457 in taxes per year. The property on 748 Old Highway 51 North was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $4,632. 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 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: 1947
  • Effective Year Built: 1947
  • Total Rooms: 5
  • Bedroom Count: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 73,555
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,168
  • Building Area: 1,168
  • Building Area Measurement: Adjusted Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,168
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.689
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: PT NE 1/4

Ownership

  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et ux (and wife)
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: DeSoto County School District
  • Census Tract: 070222

Zoning

  • Zoning: M-1

Geography

  • Parcel: 2-08-7-25-00-0-00008-01
  • Lot: 8
  • Meridian: SEC 25 TWN 02 RNG 008
  • Latitude: 34.8861
  • Longitude: -89.9939

    Address

  • Full Address: 748 Old Highway 51 N
  • Address - House Number: 748
  • Street Segment Direction: N
  • Address - Street Name: Old Highway 51
  • State: MS
  • City Name: Nesbit
  • Carrier Code: R005
  • 4-Digit Zip Code: 8900
  • Zip Code: 38651

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $457

    Appraisal Valuation

  • Standard Deviation: 0.1444
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 82
  • Final Value: 144,906
  • High Value: 165,835
  • Low Value: 123,978

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $60,000
  • First Open Lien Mortgage Lender: RENASANT BANK
  • First Open Lien Mortgage Recording Date: Oct 03, 2019
  • First Open Lien Mortgage Loan Amount: $60,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2049

    Market Valuation

  • Market Total Value: $46,320
  • Market Land Value: $15,000
  • Market Improvement Value: $31,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,632

About Hernando



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Nearby Rentals

Unit for rent at 1207 Nesbit Drive, Hernando, MS, 38632

$1,980 /mo

  • Studio
  • 6 Baths
  • 7,920 ft²
1207 Nesbit Drive, Hernando, MS, 38632 Listing by Rhodes Thompson

Frequently Asked Questions

What neighborhood is 748 Old Highway 51 North located in?
The 748 Old Highway 51 North is a commercial located in the neighborhood of DeSoto in Hernando, Nesbit.
How many listings are currently for sale in 748 Old Highway 51 North?
There is a listing currently on the market for sale.
What is the average sales price for listings in 748 Old Highway 51 North?
The average sales price for units in 748 Old Highway 51 North is $1,800,000 currently.

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