$335,000
SOLD FEB 24, 2021
3 Beds
2.5 Baths
2,400-2,599 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$129 Per Sq Ft

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • Corner Lot
  • Wood Flooring
  • Separate Formal Living Room
  • Porch

About This Home

As of October 2023

This home is located at 1401 Island Place E, Memphis, TN 38103 and is currently priced at $335,000, approximately $139 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.

Last Agent to Sell the Property

Thomas Marchbanks

eXp Realty, LLC License #221504 Listed on: 02/01/2021

eXp Realty, LLC

Co-Listed By

Allison Ogilvie

eXp Realty, LLC License #305186

Last Buyer's Agent

Thomas Marchbanks

eXp Realty, LLC License #221504 Listed on: 02/01/2021

eXp Realty, LLC

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

Interior Spaces

  • 2,400-2,599 Sq Ft Home
  • 1,718 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Separate Formal Living Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage

Additional Features

  • Porch
  • Central Heating and Cooling System

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
  • List Price Per Sq Ft: 195
  • Number Of Stories: 2
  • Price Per Sq Ft: 194.99
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1718
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Up
  • Estimated Heated Sq Ft Range: 2400-2599
  • Bedrooms: 3
  • Floors/Ceilings: Part Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2.1

Exterior Features

  • Misc Exterior: Porch
  • Exterior Windows: Brick Veneer

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

Association/Amenities

  • Annual Association Fee: 1000
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Corner
  • Lot Number: 157
  • Acreage: 0.12
  • Lot Size: 104.91 X 50 IRR
  • Price Per Acre: 2787500

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
$359,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,851
Avg. Annual Appreciation
-1.86%
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

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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

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10092784

Memphis Area Association of REALTORS®

APN: 06-9077-J0-0071