$1,200,000
$195K PRICE DROP

120 Founders Ln Memphis, TN 38103

South Main Neighborhood

Estimated payment $7,139/month

Total Views 10,264
4 Beds
5.5 Baths
5,847 Sq Ft
$205 Price per Sq Ft

Highlights

  • Water Access
  • 0.47 Acre Lot
  • Contemporary Architecture
  • Heated In Ground Pool
  • Landscaped Professionally
  • 3-minute walk to Martyrs Park

About This Home

REDUCED - Beautiful DOWNTOWN NEW OWNER LOCATION, PERFECT WITH 3RD FLOOR TERRACE FIEW- SEE COLOR BROCHURE-3 CAR GARAGE AMPLE PARKING 3 STORY BUILDING CLOSE TO FAMOUS BEALE ST & OTHER DOWNTOWN ATTRACTIONS THIS IS A MUST SEE Dynamic LOCATION In ground POOL, LARGE PATIO AREA FOR GATHERINGS, EXERCISE ROOM, LARGE THEATRE ROOM THE PERFECT LOCATION FOR ENTERTAINING. MEMPHIS DOWNTOWN REAL ESTATE IS IN HIGH DEMAND...DON'T HASITATE AND MISS THIS GRAND REAL ESTATE LOCATION. HAS 4 PRIVATE SLEEPING ROOMS, 6 BATHS

Listing Agent

ANTHONY WILLOUGHBY

Germantown Luxury Homes, LLC License #217964 Listed on: 06/02/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 148x181
  • Brick Fence
  • Landscaped Professionally
  • Level Lot
  • Sprinklers on Timer
  • Few Trees

HOA Fees

  • $83 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Veneer

Interior Spaces

  • 5,847 Sq Ft Home
  • 2.1-Story Property
  • Smooth Ceilings
  • 1 Fireplace
  • Double Pane Windows
  • Casement Windows
  • Two Story Entrance Foyer
  • Separate Formal Living Room
  • Dining Room
  • Iron Doors

Kitchen

  • Breakfast Bar
  • Kitchen Island

Flooring

  • Wood
  • Partially Carpeted
  • Concrete

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom

Parking

  • 3 Car Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Pool

  • Heated In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Water Access
  • Balcony

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units

Community Details

  • Founders Pointe Phase 1 Pd Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 002086 A00020C

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Contemporary
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: FOUNDERS POINTE PH1
  • Number Of Stories: 2.1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 5847
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down
  • Bedrooms: 4
  • Bedrooms Down: 1
  • Floors/Ceilings: Part Hardwood, Part Carpet, Concrete Floor, Smooth Ceiling, Two Story Foyer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Breakfast Bar, Pantry, Island In Kitchen
  • Number Of Fireplaces: 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Auto Lawn Sprinkler, Pool Cleaning Equipment, Pool Heater, Balcony, Well Landscaped Grounds, Brick or Stone Fence, Sidewalks
  • Exterior Windows: Brick Veneer, Double Pane Window(s), Casement Window(s)
  • Pool Description: In Ground

Garage/Parking

  • Number Covered Parking Spaces: 3
  • Parking Display: G3A
  • Parking Storage: Driveway/Pad, Garage Door Opener(s), Side-Load Garage

Utilities

  • Cooling: 3 or More Systems, Central
  • Heating: Central, 3 or More Systems

Association/Amenities

  • Annual Association Fee: 1000
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Level, Water Access, Professionally Landscaped, Brick/Stone Fenced, Brick/Iron Fenced
  • Lot Number: 16 & 17
  • Acreage: 0.47
  • Lot Size: 148X181
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 002086 A00020C

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $10,119 $363,575 $57,575 $306,000
2024 $10,119 $298,500 $45,375 $253,125
2023 $18,184 $298,500 $45,375 $253,125
2022 $18,184 $298,500 $45,375 $253,125
2021 $18,397 $298,500 $45,375 $253,125
2020 $19,387 $267,550 $49,175 $218,375
2019 $19,387 $267,550 $49,175 $218,375
2018 $19,387 $267,550 $49,175 $218,375
2017 $10,996 $267,550 $49,175 $218,375
2016 $9,636 $220,500 $0 $0
2014 $9,636 $220,500 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/28/2025 12/28/25 Price Changed $1,200,000 -14.0% $205 / Sq Ft
06/02/2025 06/02/25 For Sale $1,395,000 +59.4% $239 / Sq Ft
07/31/2012 07/31/12 Sold $875,000 -2.2% $150 / Sq Ft View Prior Sale
07/30/2012 07/30/12 Pending -- -- --
07/30/2012 07/30/12 For Sale $895,000 -- $153 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed $1,800 None Available
Warranty Deed $875,000 Regency Title
Quit Claim Deed -- Regency Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $700,000 New Conventional
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10208599

Memphis Area Association of REALTORS®

APN: 00-2086-A0-0020C

Tennessee Shelby County Memphis 38103 South Main

120 Founders Ln, Memphis, TN

For Sale

Detached

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Nearby Homes
Listing Agent
ANTHONY WILLOUGHBY
Section Image
Germantown Luxury Homes, LLC
(901) 673-7586