NOT LISTED FOR SALE

1387 Island Place E Memphis, TN 38103

Mud Island Neighborhood

Estimated Value: $356,000 - $391,000

3 Beds
2.5 Baths
1,800-1,999 Sq Ft
$184/Sq Ft Est. Value

Last Sold July 30, 2019

Last sale price $273,000 $137 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,277/month

27 Days on Market

Highlights

  • Traditional Architecture
  • Whirlpool Bathtub
  • Loft
  • Wood Flooring
  • Attic
  • Breakfast Room

About This Home

As of July 2019

Coveted 3BR/2.5Bath home in one of Memphis' signature neighborhoods. The newly painted interior and newly installed carpet highlight how this house can really shine. Ideal floor plan and location for almost all types of buyers. Whether you're wanting a move-in ready & well maintained house; a home that you can renovate to your own style; or even a quality rental property, this home fills your needs! The possibilities are wide, and the price is right. Call agent for questions & CSS for showings.

Last Listed By

Brian Green

Myers Cobb Realtors, LLC License #320607 Listed on: 06/11/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,566

Year Built

  • Built in 2006

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 31 x 115
  • Landscaped
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,842 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Factory Built Fireplace
  • Some Wood Windows
  • Double Pane Windows
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Loft
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Attic

  • Attic Access Panel
  • Pull Down Stairs to Attic

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Driveway
  • On-Street Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 069077 J00009

Community Details

Overview

  • Island Point Pd Phase 2 Subdivision
  • Mandatory Home Owners Association

Security

  • Building Fire Alarm

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,566

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 741A
  • MAAR Subdivision Name: ISLAND POINT PH2
  • List Price Per Sq Ft: 147
  • Number Of Stories: 2
  • Price Per Sq Ft: 148.21
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1842
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, 1/2 Bath, Laundry Room, Breakfast 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, Half Bath Down
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedroom 2 Description: Level 2, Smooth Ceiling, Carpet
  • Bedroom 3 Description: Level 2, Carpet
  • Bedrooms: 3
  • Fireplace: Prefabricated, In Living Room
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Eat-In Kitchen, Island In Kitchen
  • Misc Interior: Pull Down Attic Stairs, Attic Access
  • Number Of Fireplaces: 1
  • Other Rooms: Loft/Balcony, Attic
  • Total Bathrooms: 2.1
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Separate Shower, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 2, Walk-In Closet, Full Bath, Smooth Ceiling, Carpet

Exterior Features

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

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Driveway/Pad, Back-Load Garage, On-Street Parking

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Security: Fire Alarm
  • Water Sewer: Gas Water Heater

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Level, Landscaped
  • Lot Number: 95
  • Acreage: 0.08
  • Lot Size: 31 X 115
  • Price Per Acre: 3373750

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 069077 J00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2019
Closed on
Jul 30, 2019
Sold by
Hinricher Richard and Hinricher Patricia
Bought by
Turker Kutay S
Seller's Agent
Brian Green
Myers Cobb Realtors, LLC
Buyer's Agent
Bruce Milner
eXp Realty, LLC
List Price
$299,900
Sold Price
$273,000
Premium/Discount to List
-$26,900
-8.97%
Total Days on Market
27
Current Estimated Value
$368,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,615
Avg. Annual Appreciation
5.32%
Original Mortgage
$218,400
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2006
Sold by
Island Point Llc
Bought by
Hinricher Richard and Hinricher Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,440
Interest Rate
6.6%
Mortgage Type
Unknown

Range of Values:

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Average Value
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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
Turker Kutay S $273,000 Home Surety T&E Llc
Hinricher Richard $214,301 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turkar Kutay S $220,000
Closed Turker Kutay S $218,400
Previous Owner Hinricher Richard $171,440
Previous Owner Hinricher Richard $42,860
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2019 07/30/19 Sold $273,000 +1.1% $152 / Sq Ft
07/01/2019 07/01/19 Price Changed $269,900 -1.8% $150 / Sq Ft
07/01/2019 07/01/19 Price Changed $274,900 -1.8% $153 / Sq Ft
06/27/2019 06/27/19 Price Changed $279,900 -3.4% $156 / Sq Ft
06/17/2019 06/17/19 Price Changed $289,900 -3.3% $161 / Sq Ft
06/11/2019 06/11/19 For Sale $299,900 -- $167 / 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
2024 $2,566 $75,700 $12,275 $63,425
2023 $4,611 $75,700 $12,275 $63,425
2022 $4,611 $75,700 $12,275 $63,425
2021 $2,612 $75,700 $12,275 $63,425
2020 $4,308 $59,450 $12,275 $47,175
2019 $1,900 $59,450 $12,275 $47,175
2018 $1,900 $59,450 $12,275 $47,175
2017 $1,945 $59,450 $12,275 $47,175
2016 $2,381 $54,475 $0 $0
2014 $2,381 $54,475 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Green

    Seller's Agent in 2019

    Brian Green

    Myers Cobb Realtors, LLC

    (901) 921-9993

    14 Total Sales

    Brian Green
    Section Image
  • Bruce Milner

    Buyer's Agent in 2019

    Bruce Milner

    eXp Realty, LLC

    (901) 482-0444

    1 in this area

    114 Total Sales

    Bruce Milner
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10054796

Memphis Area Association of REALTORS®

APN: 06-9077-J0-0009

Tennessee Shelby County Memphis 38103 Mud Island

1387 Island Place E, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 1387 Island Place E, Memphis, TN 38103 since 11 June 2019 and is currently estimated at $368,615, approximately $184 per square foot. This property was built in 2006. 1387 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

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