NOT LISTED FOR SALE

379 Cobalt Bay Loop Unit 301 Memphis, TN 38103

Mud Island Neighborhood

Estimated Value: $274,000 - $313,000

2 Beds
2 Baths
1,400-1,599 Sq Ft
1.53 Acres

Last Sold May 09, 2017

Last sale price $225,500 $141 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,715/month

26 Days on Market

Highlights

  • Water Views
  • Landscaped Professionally
  • Wood Flooring
  • 1.53 Acre Lot
  • Traditional Architecture
  • Main Floor Primary Bedroom

About This Home

As of May 2017

Luxury condo for sale in RiverTown on Mud Island in beautiful downtown Memphis! Open floor plan with 2 bedrooms, 2 full baths, an attached garage and two balconies with river views. This is a top floor end unit with beautiful hardwood floors, granite countertops, and stainless steel appliances. The master bedroom has a walk-in closet with tons of storage space; the master bathroom has double vanities and a large garden tub. Lastly, enjoy a private in-ground pool with river views.

Last Agent to Sell the Property

Bruce Johnson

mlsAssist License #55460 Listed on: 02/10/2017

Last Buyer's Agent

Faye Jones

1 Percent Lists Midsouth License #297226

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2008

Lot Details

  • End Unit
  • Landscaped Professionally
  • Sprinklers on Timer

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,478 Sq Ft Home
  • 3-Story Property
  • Smooth Ceilings
  • Some Wood Windows
  • Aluminum Window Frames
  • Entrance Foyer
  • Great Room
  • Loft
  • Water Views
  • Attic Access Panel

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Home Security

  • Home Security System
  • Termite Clearance

Parking

  • 1 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Parking Lot

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Balcony
  • Upper Level

Listing and Financial Details

  • Assessor Parcel Number 001001 T00036

Community Details

Overview

  • Property has a Home Owners Association
  • $244 Maintenance Fee
  • Association fees include some utilities, water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking, pest control contract
  • 8 Units
  • Mid-Rise Condominium
  • Rivertown On The Isl Community
  • Rivertown On The Island Condos 4Th Amend Subdivision
  • Property managed by WRIGHT PROPERTY MGMT

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: End Unit, Mid Rise (3-6 Stories), Upstairs - Flat
  • Cross Street: ISLAND DR
  • MAAR Subdivision Name: RIVERTOWN ON THE ISLAND
  • Condo: Yes
  • List Price Per Sq Ft: 156
  • Number Of Stories: 3
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1478
  • Termite Contract: Yes
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Up
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Part Carpet, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher, Microwave, Refrigerator, Cable Wired
  • Living Dining Kitchen: Great Room, Breakfast Bar, Washer/Dryer Connections
  • Misc Interior: Attic Access, Fire Sprinklers, Cat/Dog Free House, Security System, Smoke Detector(s), Vent Hood/Exhaust Fan
  • Other Rooms: Laundry Closet, Entry Hall, Loft/Balcony
  • Primary Bathroom Description: Double Sinks, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Balcony
  • Exterior Windows: Brick Veneer, Wood/Composition, Aluminum Window(s)
  • Foundation: Slab
  • Pool Description: Neighborhood
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1A
  • Parking Storage: Garage Door Opener(s), Back-Load Garage, Parking Lot

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Security: Smoke Detector(s)
  • Water Sewer: Electric Water Heater, Public Water, Public Sewer

Association/Amenities

  • Condo Amenities: Water View
  • Condo Fees Include: Some Utilities, Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: RIVERTOWN ON THE ISL
  • Management Company: WRIGHT PROPERTY MGMT
  • Neighborhood Amenities: Pool

Fee Information

  • Monthly Maintenance Fee: 244

Lot Info

  • Lot Description: Water View, Professionally Landscaped
  • Lot Number: UNIT 301
  • Acreage: 1.53
  • Lot Size: 465 X 203.47 IRR

Tax Info

  • Assessor Parcel Number: 001001 T00036

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2021
Sold by
Benson Andrew W and Itayem Deeyar
Bought by
Benson Andrew W
Current Estimated Value
$291,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Outstanding Balance
$178,233
Interest Rate
2.33%
Mortgage Type
New Conventional
Estimated Equity
$113,551

Purchase Details

Listed on
Feb 10, 2017
Closed on
Apr 28, 2017
Sold by
Treacy Michael P
Bought by
Benson Andrew W
Seller's Agent
Bruce Johnson
mlsAssist
Buyer's Agent
Faye Jones
1 Percent Lists Midsouth
List Price
$229,900
Sold Price
$225,500
Premium/Discount to List
-$4,400
-1.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.03%
Original Mortgage
$202,950
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2012
Sold by
Fannie Mae
Bought by
Treacy Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,547
Interest Rate
3.9%
Mortgage Type
VA

Purchase Details

Closed on
Oct 20, 2011
Sold by
Moore David Jonathan
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 17, 2008
Sold by
Rivertown Llc
Bought by
Moore David Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,596
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Benson Andrew W -- Old Republic Title
Benson Andrew W $225,000 Saddle Creek Title Llc
Treacy Michael P $165,000 Realty Title
Federal National Mortgage Association $190,592 None Available
Moore David Jonathan $235,745 Chicago Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benson Andrew W $228,000
Previous Owner Benson Andrew W $202,950
Previous Owner Treacy Michael P $168,547
Previous Owner Moore David Jonathan $188,596
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2017 05/09/17 Sold $225,500 -1.9% $161 / Sq Ft
03/08/2017 03/08/17 Pending -- -- --
02/10/2017 02/10/17 For Sale $229,900 -- $164 / 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 $2,187 $73,625 $6,775 $66,850
2024 $2,187 $64,525 $6,775 $57,750
2023 $3,931 $64,525 $6,775 $57,750
2022 $3,931 $64,525 $6,775 $57,750
2021 $3,977 $64,525 $6,775 $57,750
2020 $3,514 $48,500 $6,775 $41,725
2019 $3,514 $48,500 $6,775 $41,725
2018 $3,514 $48,500 $6,775 $41,725
2017 $1,993 $48,500 $6,775 $41,725
2016 $1,895 $43,375 $0 $0
2014 $1,895 $43,375 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Bruce Johnson

    mlsAssist

    (901) 266-6000

    1 in this area

    165 Total Sales

    Bruce Johnson
    Section Image

  • F

    Buyer's Agent in 2017

    Faye Jones

    1 Percent Lists Midsouth

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9995377

Memphis Area Association of REALTORS®

APN: 00-1001-T0-0036

Tennessee Shelby County Memphis 38103 Mud Island

379 Cobalt Bay Loop Unit 301, Memphis, TN

Not Listed for Sale

Condos

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