NOT LISTED FOR SALE

1081 Island Place E Memphis, TN 38103

Mud Island Neighborhood

Estimated Value: $317,956 - $344,000

3 Beds
2.5 Baths
1,542 Sq Ft
$213/Sq Ft Est. Value

Last Sold October 15, 2015

Last sale price $137,550 $89 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $2,122/month

Highlights

  • Deck
  • Attic
  • Den
  • Main Floor Primary Bedroom
  • Great Room
  • Some Wood Windows

About This Home

As of July 2016

Corner Lot RENTAL on the Island. 3 bedrooms, Master Down, 2.5 baths, New Refrigerator and washer dryer furnished. Bedrooms are carpeted. Large fenced side yard. NO Garage but off street parking pad. Spacious deck. Landlord pays HOA fees and trash pickup.

Last Agent to Rent the Property

Edward Hanna

Crye-Leike, Inc., REALTORS License #289709 Listed on: 07/07/2016

Last Renter's Agent

Edward Hanna

Crye-Leike, Inc., REALTORS License #289709 Listed on: 07/07/2016

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1997

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot
  • Few Trees

Parking

  • Driveway

Home Design

  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,542 Sq Ft Home
  • 1.4-Story Property
  • Factory Built Fireplace
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Great Room
  • Den
  • Home Security System
  • Attic

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Island Crest Pd Ph 3 Subdivision
  • Mandatory Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 069077 C00022

Home Details

Home Type

Single Family

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: Rental Properties
  • Type: Rental
  • Style Code Use: General Residential
  • MLS Map #: 741A
  • MAAR Subdivision Name: ISLAND CREST PH3
  • Freestanding: Yes
  • List Price Per Sq Ft: 1
  • Number Of Stories: 1.4
  • Price Per Sq Ft: 1.04
  • Estimated Sq Ft: 1542
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, Primary Bedroom, 1 1/2 Bath, Laundry Room
  • Second Story Floor Plan: 2nd Bedroom, 3rd Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: Primary Down
  • Bedrooms: 3
  • Bedrooms Down: 1
  • Fireplace: Prefabricated
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Living Dining Kitchen: Great Room, Pantry, Island In Kitchen
  • Misc Interior: All Window Treatments, Walk-In Attic, Cat/Dog Free House, Security System
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room
  • Total Bathrooms: 2.1

Exterior Features

  • Misc Exterior: Patio, Deck
  • Exterior Windows: Brick Veneer, Wood/Composition, Double Pane Window(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 111
  • Acreage: 0.15
  • Price Per Acre: 11333

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 069077 C00022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2016
Closed on
Jul 5, 2016
Sold by
Shiva Sajjan G and Shiva Kalpana
Bought by
Wang Jing
Seller's Agent
Edward Hanna
Crye-Leike, Inc., REALTORS
Buyer's Agent
Edward Hanna
Crye-Leike, Inc., REALTORS
Sold Price
$1,600
Current Estimated Value
$327,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,139
Original Mortgage
$150,000
Outstanding Balance
$121,103
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$215,398

Purchase Details

Listed on
Jul 7, 2015
Closed on
Nov 2, 2015
Sold by
Hsbc Bank
Bought by
Shiva Sajjan G and Shiva Kalpana
Seller's Agent
Jeff Burress
Crye-Leike, Inc., REALTORS
Buyer's Agent
Patty Jennings
Norman, REALTORS
List Price
$174,900
Sold Price
$137,550
Premium/Discount to List
-$37,350
-21.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.47%

Purchase Details

Closed on
Jun 12, 2015
Sold by
Fowlkes Dana T and Fowlkes Danari O
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Dec 15, 2000
Sold by
Newsome Michael A
Bought by
Fowlkes Danari O and Fowlkes Dana T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.79%

Purchase Details

Closed on
Dec 5, 1997
Sold by
Lenox Homes Llc
Bought by
Newsome Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,994
Interest Rate
7.19%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Wang Jing $203,000 Edco Title & Closing Svcs In
Shiva Sajjan G $137,550 Title365
Hsbc Bank Usa Na $172,526 None Available
Fowlkes Danari O $145,000 --
Newsome Michael A $128,422 Southern Escrow Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Jing $150,000
Previous Owner Fowlkes Danari O $170,400
Previous Owner Fowlkes Danari O $116,000
Previous Owner Newsome Michael A $126,994
Closed Fowlkes Danari O $21,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2016 07/20/16 Rented $1,600 -5.9% --
07/18/2016 07/18/16 Under Contract -- -- --
07/07/2016 07/07/16 For Rent $1,700 0.0% --
10/15/2015 10/15/15 Sold $137,550 -21.4% $98 / Sq Ft
09/17/2015 09/17/15 Pending -- -- --
07/07/2015 07/07/15 For Sale $174,900 -- $125 / 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 -- $76,850 $16,925 $59,925
2024 -- $66,750 $12,925 $53,825
2023 $4,066 $66,750 $12,925 $53,825
2022 $4,066 $66,750 $12,925 $53,825
2021 $4,114 $66,750 $12,925 $53,825
2020 $3,893 $53,725 $12,925 $40,800
2019 $3,893 $53,725 $12,925 $40,800
2018 $3,893 $53,725 $12,925 $40,800
2017 $2,208 $53,725 $12,925 $40,800
2016 $1,804 $41,275 $0 $0
2014 $1,804 $41,275 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Landlord's Agent in 2016

    Edward Hanna

    Crye-Leike

  • Jeff Burress

    Seller's Agent in 2015

    Jeff Burress

    Crye-Leike

    (901) 493-0973

    6 Total Sales

    Jeff Burress
    Section Image

  • P

    Buyer's Agent in 2015

    Patty Jennings

    Norman, REALTORS

    (901) 461-8330

    49 Total Sales

    Patty Jennings
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9981190

Memphis Area Association of REALTORS®

APN: 06-9077-C0-0022

Tennessee Shelby County Memphis 38103 Mud Island

1081 Island Place E, Memphis, TN

This home is located at 1081 Island Place E, Memphis, TN 38103 since 07 July 2016 and is currently priced at $327,739. This property was built in 1997. 1081 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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