NOT LISTED FOR SALE

1401 Island Place E Memphis, TN 38103

Mud Island Neighborhood

Estimated Value: $352,000 - $367,594

3 Beds
2.5 Baths
1,800-1,999 Sq Ft
$180/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $400,000 $200 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,399/month

32 Days on Market

Highlights

  • Updated Kitchen
  • Wood Flooring
  • Loft
  • Traditional Architecture
  • Attic
  • Separate Formal Living Room

About This Home

As of October 2023

This one's a WINNER! Fantastic 1800+ sq ft, updated home in immaculate condition! This rare corner lot home was redesigned to provide 2 sets of French Doors opening to extended patio and huge, privacy fenced side yard! Sleek, modern kitchen with all S/Sl appliances. Great Looking hardwood floors, separate great room w/fireplace, keeping room opens to patio, lrg primary suite w/screened balcony. Contemporary feel with airy fresh paint and new light fixtures. ADT security system w/ cameras.

Last Agent to Sell the Property

Thomas Marchbanks

eXp Realty, LLC License #221504 Listed on: 08/11/2023

eXp Realty, LLC

Last Buyer's Agent

Niannian Liu

TRG Real Estate Services, LLC License #373205

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,498

Year Built

  • Built in 2006

Lot Details

  • 5,227 Sq Ft Lot
  • Corner Lot

HOA Fees

  • $83 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,806 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Gas Fireplace
  • Window Treatments
  • Two Story Entrance Foyer
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Loft
  • Keeping Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Cooktop
  • 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
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Attic

  • Attic Access Panel
  • Pull Down Stairs to Attic

Home Security

  • Monitored
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Island Point Pd Phase 2 Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 069077 J00071

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,498

Year Built

Built in 2006

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 741A
  • MAAR Subdivision Name: ISLAND POINT PH2
  • Number Of Stories: 2
  • Price Per Sq Ft: 221.48
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1806
  • Year Built: 2006
  • List Price/ Sq Ft: 228
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, 1/2 Bath, Laundry Room, Keeping/Hearth Room
  • Second Story Floor Plan: Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Up
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedroom 2 Description: Shared Bath, Smooth Ceiling, Carpet
  • Bedroom 3 Description: Shared Bath, Smooth Ceiling, Carpet
  • Bedrooms: 3
  • Fireplace: Ventless Gas Fireplace
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling, Two Story Foyer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Cooktop, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Pantry, Island In Kitchen, Keeping/Hearth Room
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Pull Down Attic Stairs, Attic Access, Walk-In Attic, Cat/Dog Free House, Security System, Smoke Detector(s), Monitored Alarm
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Entry Hall, Loft/Balcony
  • Total Bathrooms: 2.1
  • Primary Bathroom Description: Double Sinks, Separate Shower, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Walk-In Closet, Full Bath, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Back-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Security: Burglar Alarm, Monitored Alarm System, Smoke Detector(s)
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Association/Amenities

  • Annual Association Fee: 1000
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Corner
  • Lot Number: 157
  • Acreage: 0.12
  • Keeping Hearth Dimension: 10X11
  • Lot Size: 104.91 X 50 IRR
  • Price Per Acre: 3433333

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 069077 J00071

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Oct 16, 2023
Sold by
Salas Gustavo Adolfo and Salas Amanda
Bought by
Fu Yingxue
Seller's Agent
Thomas Marchbanks
eXp Realty, LLC
Buyer's Agent
Niannian Liu
TRG Real Estate Services, LLC
List Price
$412,000
Sold Price
$400,000
Premium/Discount to List
-$12,000
-2.91%
Views
50
Current Estimated Value
$381,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,423
Avg. Annual Appreciation
-1.85%
Original Mortgage
$340,000
Outstanding Balance
$334,289
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$52,401

Purchase Details

Listed on
Feb 1, 2021
Closed on
Feb 10, 2021
Sold by
Bolding Sue Ellen
Bought by
Salas Gustavo Adolfo and Rodriguez Amanda
Seller's Agent
Thomas Marchbanks
eXp Realty, LLC
Buyer's Agent
Thomas Marchbanks
eXp Realty, LLC
List Price
$334,500
Sold Price
$335,000
Premium/Discount to List
$500
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%
Original Mortgage
$335,000
Interest Rate
2.7%
Mortgage Type
VA

Purchase Details

Listed on
Mar 21, 2015
Closed on
May 28, 2015
Sold by
Sanow Taras
Bought by
Bolding Sue Ellen
Seller's Agent
Richard Travers
Crye-Leike, Inc., REALTORS
Buyer's Agent
Richard Travers
Crye-Leike, Inc., REALTORS
List Price
$239,900
Sold Price
$239,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$235,554
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 15, 2011
Closed on
May 30, 2012
Sold by
Mehl David Timothy and Mehl Leigh Nicole
Bought by
Sanow Taras
Seller's Agent
Mike Parker
The Firm
Buyer's Agent
Stephanie Steele
One Source Commercial, Inc.
List Price
$232,500
Sold Price
$222,000
Premium/Discount to List
-$10,500
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.64%
Original Mortgage
$210,900
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2010
Sold by
Hardy Jennifer M
Bought by
Mehl David Timothy and Mehl Leigh Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2008
Sold by
Dress Matthew A and Dress Megan
Bought by
Hardy Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2006
Sold by
Island Point Llc
Bought by
Dress Matthew A and Dress Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,838
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fu Yingxue $400,000 Saddle Creek Title
Salas Gustavo Adolfo $335,000 Mid South Title Services Llc
Bolding Sue Ellen $239,900 None Available
Sanow Taras $222,000 Baymark Title
Mehl David Timothy $225,000 Realty Title
Hardy Jennifer $225,000 Security Title Company Inc
Dress Matthew A $199,838 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fu Yingxue $340,000
Previous Owner Salas Gustavo Adolfo $335,000
Previous Owner Bolding Sue Ellen $235,554
Previous Owner Sanow Taras $210,900
Previous Owner Mehl David T $180,000
Previous Owner Mehl David Timothy $22,250
Previous Owner Hardy Jennifer $180,000
Previous Owner Dress Matthew A $199,838
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Sold $400,000 -2.9% $222 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $412,000 0.0% $229 / Sq Ft
08/01/2022 08/01/22 Rented $2,700 0.0% --
07/07/2022 07/07/22 Under Contract -- -- --
06/28/2022 06/28/22 For Rent $2,700 0.0% --
02/25/2021 02/25/21 For Sale $334,500 -0.1% $139 / Sq Ft
02/24/2021 02/24/21 Sold $335,000 +0.1% $140 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $334,500 +39.4% $139 / Sq Ft
05/28/2015 05/28/15 Sold $239,900 0.0% $133 / Sq Ft
04/26/2015 04/26/15 Pending -- -- --
03/21/2015 03/21/15 For Sale $239,900 +8.1% $133 / Sq Ft
06/06/2012 06/06/12 Sold $222,000 -4.5% $123 / Sq Ft
04/20/2012 04/20/12 Pending -- -- --
12/15/2011 12/15/11 For Sale $232,500 -- $129 / 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 $2,498 $99,975 $21,625 $78,350
2024 -- $73,700 $13,100 $60,600
2023 $4,490 $73,700 $13,100 $60,600
2022 $4,490 $73,700 $13,100 $60,600
2021 $2,000 $73,700 $13,100 $60,600
2020 $4,270 $58,925 $13,100 $45,825
2019 $1,883 $58,925 $13,100 $45,825
2018 $1,883 $58,925 $13,100 $45,825
2017 $1,928 $58,925 $13,100 $45,825
2016 $2,348 $53,725 $0 $0
2014 $2,348 $53,725 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Marchbanks

    Seller's Agent in 2023

    Thomas Marchbanks

    eXp Realty, LLC

    (901) 335-6688

    3 in this area

    66 Total Sales

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  • N

    Buyer's Agent in 2023

    Niannian Liu

    TRG Real Estate Services, LLC

  • Lyndon Baskin

    Seller's Agent in 2022

    Lyndon Baskin

    Harris & Harris Realty Group

    (901) 428-6981

    33 Total Sales

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  • Allison Ogilvie

    Seller Co-Listing Agent in 2021

    Allison Ogilvie

    eXp Realty, LLC

    (901) 628-4986

    1 in this area

    20 Total Sales

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  • Richard Travers

    Seller's Agent in 2015

    Richard Travers

    Crye-Leike

    (901) 218-3961

    116 in this area

    200 Total Sales

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  • Mike Parker

    Seller's Agent in 2012

    Mike Parker

    The Firm

    (901) 277-7275

    13 in this area

    268 Total Sales

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10154215

Memphis Area Association of REALTORS®

APN: 06-9077-J0-0071

Tennessee Shelby County Memphis 38103 Mud Island

1401 Island Place E, Memphis, TN

This home is located at 1401 Island Place E, Memphis, TN 38103 since 11 August 2023 and is currently estimated at $359,149, approximately $179 per square foot. This property was built in 2006. 1401 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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