NOT LISTED FOR SALE

1050 Island Place E Memphis, TN 38103

Mud Island Neighborhood

Estimated Value: $369,000 - $373,000

3 Beds
2.5 Baths
1,800-1,999 Sq Ft
$185/Sq Ft Est. Value

Last Sold August 15, 2019

Last sale price $257,500 $129 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,330/month

18 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Some Wood Windows
  • Wood Flooring
  • Den with Fireplace
  • Porch

About This Home

As of August 2019

Charming Home on a Corner Lot!!! Side Yard!! 3 Bedrooms, 2.5 Baths, Island In Kitchen, Separate Dining Room, Large Master Suite with Balcony, HVAC 1 Yr Old, Roof replaced 5 yrs ago, Home also features an Irrigation System.

Last Agent to Sell the Property

Richard Travers

Crye-Leike, Inc., REALTORS License #234229 Listed on: 06/17/2019

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Lauren Criswell

Crye-Leike, Inc., REALTORS License #251248

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,560

Year Built

  • Built in 1998

Lot Details

  • 5,227 Sq Ft Lot
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Few Trees

HOA Fees

  • $60 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,791 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Gas Log Fireplace
  • Some Wood Windows
  • Combination Dining and Living Room
  • Den with Fireplace
  • Eat-In Kitchen

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • All Upper Level Bedrooms
  • Double Vanity
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • 2 Car Garage
  • Rear-Facing Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Island Crest Pd Ph 3 Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 069077 C00039

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,560

Year Built

Built in 1998

Lot Details

0

HOA Fees

$60 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Colonial
  • Detached Unit Type: General Residential
  • MLS Map #: 741A
  • MAAR Subdivision Name: ISLAND CREST PH3
  • List Price Per Sq Ft: 162
  • Number Of Stories: 2
  • Price Per Sq Ft: 143.77
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1791
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, 1/2 Bath, Laundry Room
  • Second Story Floor Plan: Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Up, Double Vanity Bath, Separate Tub & Shower
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedrooms: 3
  • Fireplace: Ventless Gas Fireplace, In Den/Great Room, Gas Logs
  • Floors/Ceilings: Part Hardwood, Part Carpet, Smooth Ceiling
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Living Dining Kitchen: LR/DR Combination, Eat-In Kitchen, Pantry, Washer/Dryer Connections
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2.1

Exterior Features

  • Misc Exterior: Porch, Patio
  • Exterior Windows: Wood/Composition, Wood Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Garage Door Opener(s), Back-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Annual Association Fee: 715
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Corner, Landscaped, Wood Fenced
  • Lot Number: 128
  • Acreage: 0.12
  • Lot Size: 5068 SF 38 X 115
  • Price Per Acre: 2415833

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 069077 C00039

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2019
Closed on
Aug 15, 2019
Sold by
Brooks James V and Brooks Judy H
Bought by
Hecht William L and Walls Nannette R
Seller's Agent
Richard Travers
Crye-Leike, Inc., REALTORS
Buyer's Agent
Lauren Criswell
Crye-Leike, Inc., REALTORS
List Price
$289,900
Sold Price
$257,500
Premium/Discount to List
-$32,400
-11.18%
Current Estimated Value
$370,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,120
Avg. Annual Appreciation
6.40%
Original Mortgage
$207,500
Outstanding Balance
$183,299
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$187,321

Purchase Details

Closed on
Aug 21, 2008
Sold by
Shelton Walter and Shelton Kristen S
Bought by
Brooks James and Brooks Judy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2003
Sold by
Carden Matthew B and Carden Terri Lynn
Bought by
Shelton Walter and Shelton Kristen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
4.5%

Purchase Details

Closed on
Jan 22, 1998
Sold by
Lenox Homes Llc
Bought by
Carden Matthew B and Carden Terri Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,900
Interest Rate
12.5%
Mortgage Type
Credit Line Revolving
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hecht William L $257,500 None Available
Brooks James $225,000 Realty Title & Escrow
Shelton Walter $210,000 --
Carden Matthew B $153,735 Southern Escrow Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hecht William L $207,500
Previous Owner Brooks James $38,500
Previous Owner Brooks James $117,706
Previous Owner Brooks James $125,000
Previous Owner Shelton Walter $168,000
Previous Owner Carden Matthew B $50,000
Previous Owner Carden Matthew B $49,000
Previous Owner Carden Matthew B $23,900
Previous Owner Carden Matthew B $138,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2019 08/15/19 Sold $257,500 -11.2% $143 / Sq Ft
06/17/2019 06/17/19 For Sale $289,900 -- $161 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,560 $91,725 $16,125 $75,600
2024 $2,560 $75,525 $12,325 $63,200
2023 $4,601 $75,525 $12,325 $63,200
2022 $4,601 $75,525 $12,325 $63,200
2021 $4,655 $75,525 $12,325 $63,200
2020 $4,460 $61,550 $12,325 $49,225
2019 $1,967 $61,550 $12,325 $49,225
2018 $1,967 $61,550 $12,325 $49,225
2017 $2,014 $61,550 $12,325 $49,225
2016 $2,353 $53,850 $0 $0
2014 $2,353 $53,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Richard Travers

    Seller's Agent in 2019

    Richard Travers

    Crye-Leike

    (901) 218-3961

    116 in this area

    202 Total Sales

    Richard Travers
    Section Image
  • Lauren Criswell

    Buyer's Agent in 2019

    Lauren Criswell

    Crye-Leike

    (901) 553-7647

    1 in this area

    135 Total Sales

    Lauren Criswell
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10055256

Memphis Area Association of REALTORS®

APN: 06-9077-C0-0039

Tennessee Shelby County Memphis 38103 Mud Island

1050 Island Place E, Memphis, TN

This home is located at 1050 Island Place E, Memphis, TN 38103 since 17 June 2019 and is currently estimated at $370,620, approximately $185 per square foot. This property was built in 1998. 1050 Island Place E is a home located in Shelby County with nearby schools including Downtown Elementary School, Manassas High School, and Memphis Scholars Caldwell-Guthrie.

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