RENTED FEB 1, 2025

1409 Island Place E Memphis, TN 38103

Mud Island Neighborhood

Estimated Value: $327,000 - $347,352

3 Beds
2.5 Baths
1,818 Sq Ft
$187/Sq Ft Est. Value

Last Sold October 07, 2024

Last sale price $310,000 $171 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,120/month

About This Home

As of February 2025

Call today today to schedule your showing M-F 8am to 5pm. All applicants must qualify per Crye-Leike Property Management. Minimum 13 month lease. We secure the tenant, the owner will manage. When visiting this lovely home you will find updated light fixtures throughout, new appliances, a formal dining room, fenced in back yard, balcony off the primary bedroom and a luxury primary bath.

Last Agent to Rent the Property

Janie Courser

Crye-Leike Property Management License #347421 Listed on: 12/11/2024

Crye-Leike Property Management

Last Renter's Agent

Kim Love

Crye-Leike Property Management License #277042

Crye-Leike Property Management

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 41.42 x 115.01

Parking

  • 2 Parking Spaces

Interior Spaces

  • 1,818 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 069077 J00073

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: Rental Properties
  • Type: Rental
  • Style Code Use: General Residential
  • MAAR Subdivision Name: ISLAND POINT PH2
  • Freestanding: Yes
  • Number Of Stories: 2
  • Estimated Sq Ft: 1818
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number Of Fireplaces: 1

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Number: 159
  • Acreage: 0.11
  • Lot Size: 41.42 X 115.01
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 069077 J00073

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
Oct 4, 2024
Sold by
Knight Brothers Properties Llc
Bought by
Imra Hira and Junaid Muhammad
List Price
$412,000
Sold Price
$310,000
Premium/Discount to List
-$102,000
-24.76%
Views
99
Current Estimated Value
$340,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,588
Avg. Annual Appreciation
8.02%
Original Mortgage
$150,000
Outstanding Balance
$148,423
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$192,165

Purchase Details

Closed on
Feb 21, 2020
Sold by
Dodd John and Dodd Marilyn
Bought by
Knight Brothers Properties Llc

Purchase Details

Closed on
Dec 18, 2009
Sold by
Crews Terrell and Crews Regina
Bought by
Dodd John and Dodd Marilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2009
Sold by
Dodd Nixon and Dodd Kimberly Crews
Bought by
Crews Terrell and Crews Regina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
4.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2006
Sold by
Howell Jeff and Howell Priscilla B
Bought by
Crews Terrell and Crews Regina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.48%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 31, 2006
Sold by
Island Point Llc
Bought by
Howell Jeff and Howell Priscilla B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,550
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Imra Hira $310,000 None Listed On Document
Knight Brothers Properties Llc $240,000 None Available
Dodd John $115,000 None Available
Crews Terrell -- None Available
Crews Terrell $230,000 None Available
Howell Jeff $206,175 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Imra Hira $150,000
Previous Owner Dodd John $172,500
Previous Owner Crews Terrell $100,000
Previous Owner Howell Jeff $185,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2025 02/01/25 Rented $2,195 0.0% --
01/22/2025 01/22/25 Under Contract -- -- --
01/09/2025 01/09/25 Price Changed $2,195 -4.4% $1 / Sq Ft
12/13/2024 12/13/24 Price Changed $2,295 -6.3% $1 / Sq Ft
12/11/2024 12/11/24 For Rent $2,450 0.0% --
10/07/2024 10/07/24 Sold $310,000 -24.8% $171 / Sq Ft View Prior Sale
10/07/2024 10/07/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $412,000 -- $227 / 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 -- $89,125 $19,525 $69,600
2024 -- $74,875 $12,925 $61,950
2023 $4,561 $74,875 $12,925 $61,950
2022 $4,561 $74,875 $12,925 $61,950
2021 $2,583 $74,875 $12,925 $61,950
2020 $4,331 $59,775 $12,925 $46,850
2019 $1,910 $59,775 $12,925 $46,850
2018 $1,910 $59,775 $12,925 $46,850
2017 $1,956 $59,775 $12,925 $46,850
2016 $2,379 $54,450 $0 $0
2014 $2,379 $54,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2025

    Janie Courser

    Crye-Leike

    (901) 758-5678

    Janie Courser
    Section Image

  • K

    Tenant's Agent in 2025

    Kim Love

    Crye-Leike

    (901) 598-0673

    Kim Love
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10186555

Memphis Area Association of REALTORS®

APN: 06-9077-J0-0073

Tennessee Shelby County Memphis 38103 Mud Island

1409 Island Place E, Memphis, TN

Not Listed for Sale

Detached

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