975 Thomas Street

975 Thomas Street in Memphis, TN was first built in 1966 and is 58 years old. Although, the building on the property was most recently renovated and altered in 1976. This has been categorized as a commercial property type. It is a single story home. 975 Thomas Street has 8,675 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. In total, the area measurement of the land is 24,873 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 frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of E. The condition of the building has been evaluated as poor. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a heating system and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Prior to that sales transaction, the property was sold for $257,500 in Nov 13, 2018. Current property owners are expected to pay $5,166 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 975 Thomas Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $84,800. To break that down further, the land itself was valued at $14,320. While improvements to the property were assessed at a total of $70,480. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.