855 Ridge Lake Boulevard

855 Ridge Lake Boulevard in Memphis, TN was first built in 1973 and is 51 years old. Although, the building on the property was most recently renovated and altered in 1988. This has been categorized as a office property type. There are a total of 4 floors. 855 Ridge Lake Boulevard has 62,498 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 3,000 ft and the linear feet between the front and back of the lot is 4,800. In total, the area measurement of the land is 143,966 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.. 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 steel 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 average. The exterior walls of the home are made of glass. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 855 Ridge Lake Boulevard sold most recently in Aug 12, 2022 for a total of $7,900,000. If you work out the math, that's approximately a cost of $126.40 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $170,390 in taxes each year. The initial year of tax delinquency occurred in 2021. 855 Ridge Lake Boulevard was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $2,328,400. If we break it down further, the land itself was valued at $924,840. Improvements to the property, however, were assessed at a total of $1,403,560. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.