$222,000
SOLD JUN 6, 2012

1401 Island Place E Memphis, TN 38103

Mud Island Neighborhood
3 Beds
2.5 Baths
1,800-1,999 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$111 Per Sq Ft

5% Below List Price

127 Days on Market

Highlights

  • Updated Kitchen
  • Traditional Architecture
  • Attic
  • Landscaped Professionally
  • Wood Flooring
  • Corner Lot

About This Home

As of October 2023

Great corner lot at the North end of the Island; Wide open spaces and a large fenced yard; Barely lived in and lots of upgrades; Hardwoods, tile, stainless and more; All appliances remain! Sellers can be out quickly!

Last Agent to Sell the Property

Mike Parker

The Firm License #284810 Listed on: 12/15/2011

Co-Listed By

David Tester

Marx-Bensdorf, REALTORS License #272903

Last Buyer's Agent

Stephanie Steele

One Source Commercial, Inc. License #308307

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,498

Year Built

  • Built in 2006

Lot Details

  • 5,227 Sq Ft Lot
  • Wrought Iron Fence
  • Landscaped Professionally
  • Corner Lot
  • Level Lot
  • Sprinklers on Timer
  • Few Trees

HOA Fees

  • $75 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,800-1,999 Sq Ft Home
  • 1,724 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Factory Built Fireplace
  • Gas Log Fireplace
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Aluminum Window Frames
  • Two Story Entrance Foyer
  • Living Room with Fireplace
  • Dining 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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Attic

  • Attic Access Panel
  • Pull Down Stairs to Attic

Home Security

  • Monitored
  • Fire and Smoke Detector
  • Termite Clearance

Parking

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • 220 Volts
  • 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

$75 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: ISLAND DRIVE
  • MLS Map #: 741A
  • MAAR Subdivision Name: ISLAND POINT PH2
  • Number Of Stories: 2
  • Price Per Sq Ft: 128.77
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1724
  • Termite Contract: Yes
  • 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
  • Second Story Floor Plan: Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Up, Primary Up, Luxury Primary Bath, Double Vanity Bath
  • Estimated Heated Sq Ft Range: 1800-1999
  • Bedroom 2 Description: Level 2, Shared Bath, Smooth Ceiling, Carpet
  • Bedroom 3 Description: Level 2, Shared Bath, Smooth Ceiling, Carpet
  • Bedrooms: 3
  • Fireplace: Prefabricated, Ventless Gas Fireplace, In Living Room, Gas Logs
  • 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, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Pull Down Attic Stairs, Attic Access, Walk-In Attic, Security System, Smoke Detector(s), Monitored Alarm
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room
  • Total Bathrooms: 2.1
  • Primary Bathroom Description: Double Sinks, 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: Auto Lawn Sprinkler
  • Exterior Windows: Wood/Composition, Aluminum Window(s), 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: Garage Door Opener(s), Back-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s), 220 Wiring
  • Heating: Central, Gas
  • Water Sewer: Gas Water Heater, Public Water, Public Sewer

Association/Amenities

  • Annual Association Fee: 900
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Level, Corner, Professionally Landscaped, Iron Fenced
  • Lot Number: 157
  • Acreage: 0.12
  • Lot Size: 104.91 X 50 IRR

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%
Total Days on Market
127
Views
50
Current Estimated Value
$388,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,863
Avg. Annual Appreciation
-3.91%
Original Mortgage
$340,000
Outstanding Balance
$334,605
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$40,338

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

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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 Type Sale Price Title Company
Warranty Deed $400,000 Saddle Creek Title
Warranty Deed $335,000 Mid South Title Services Llc
Warranty Deed $239,900 None Available
Warranty Deed $222,000 Baymark Title
Warranty Deed $225,000 Realty Title
Warranty Deed $225,000 Security Title Company Inc
Corporate Deed $199,838 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $340,000 New Conventional
Previous Owner $335,000 VA
Previous Owner $235,554 FHA
Previous Owner $210,900 New Conventional
Previous Owner $180,000 New Conventional
Previous Owner $22,250 Credit Line Revolving
Previous Owner $180,000 Purchase Money Mortgage
Previous Owner $199,838 Fannie Mae Freddie Mac
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

    67 Total Sales

    Thomas Marchbanks
    Section Image
  • Niannian Liu

    Buyer's Agent in 2023

    Niannian Liu

    TRG Real Estate Services, LLC

    (901) 567-6689

    1 in this area

    3 Total Sales

    Niannian Liu
    Section Image
  • Lyndon Baskin

    Seller's Agent in 2022

    Lyndon Baskin

    Harris & Harris Realty Group

    (901) 428-6981

    33 Total Sales

    Lyndon Baskin
    Section Image
  • Allison Ogilvie

    Seller Co-Listing Agent in 2021

    Allison Ogilvie

    eXp Realty, LLC

    (901) 628-4986

    1 in this area

    21 Total Sales

    Allison Ogilvie
    Section Image
  • Richard Travers

    Seller's Agent in 2015

    Richard Travers

    Crye-Leike

    (901) 218-3961

    118 in this area

    207 Total Sales

    Richard Travers
    Section Image
  • Mike Parker

    Seller's Agent in 2012

    Mike Parker

    The Firm

    (901) 277-7275

    13 in this area

    268 Total Sales

    Mike Parker
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3237381

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 and is currently priced at $222,000, approximately $111 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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