NOT LISTED FOR SALE

379 Cobalt Bay Loop Unit 302 Memphis, TN 38103

Mud Island Neighborhood

Estimated Value: $274,000 - $359,000

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

Last Sold August 14, 2020

Last sale price $265,000 $166 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,785/month

81 Days on Market

Highlights

  • Water Views
  • Pool House
  • 1.53 Acre Lot
  • Water Access
  • Updated Kitchen
  • Landscaped Professionally

About This Home

As of August 2020

Affordable Luxury Top Floor 2b/r, 2ba Island Condo in Rivertown! Modern & Linear Kitchen you'll LOVE!! Features River Views, Gleaming Hardwood Floors, Gorgeous Granite Counter tops, S/S Appliances (Stay) Large Master B/R w/ Private Bath, Dbl Vanities, Walk in Closet, Adjustable Qn Bed (for sale). Balcony overlooks Wolf River Harbor. Amenities include Pool w/ Distinguished Mississippi River Views, Nightly Bridge Myriad Light Show, 1 Car Garage & Mud Island Dog Park across the Street.

Last Agent to Sell the Property

Jason Wallace

Keller Williams Realty License #322972 Listed on: 05/21/2020

Keller Williams Realty

Co-Listed By

Laura Wallace

Keller Williams Realty License #295729

Last Buyer's Agent

Jake Lawhead

Ware Jones, REALTORS License #296043

Ware Jones, REALTORS

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2007

Lot Details

  • Dog Run
  • Landscaped Professionally
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Contemporary Architecture
  • Brick Veneer

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,452 Sq Ft Home
  • 3-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • 1 Fireplace
  • Aluminum Window Frames
  • Entrance Foyer
  • Combination Dining and Living Room
  • Loft
  • Water Views
  • Laundry closet

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

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

Parking

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

Pool

  • Pool House
  • In Ground Pool

Outdoor Features

  • Water Access
  • Balcony
  • Courtyard

Location

  • Upper Level

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 001001 T00037

Community Details

Overview

  • Property has a Home Owners Association
  • $234 Maintenance Fee
  • Association fees include water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund
  • Mid-Rise Condominium
  • Rivertown Community
  • Rivertown On The Island Condos 4Th Amend Subdivision

Amenities

  • Clubhouse

Recreation

  • Recreation Facilities
  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Contemporary
  • Attached Unit Type: Mid Rise (3-6 Stories), Upstairs - Flat
  • Detached Unit Type: General Residential
  • Cross Street: Island Drive
  • MAAR Subdivision Name: RIVERTOWN ON THE ISLAND
  • Condo: Yes
  • List Price Per Sq Ft: 185
  • Number Of Stories: 3
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1452
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Up, Split Bedroom Plan, Double Vanity Bath
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Walk-In Closet, Shared Bath, Smooth Ceiling, Carpet
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Cable Available
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Island In Kitchen
  • Misc Interior: Walk-In Closet(s)
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet, Entry Hall, Loft/Balcony
  • Primary Bathroom Description: Double Sinks, 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: Auto Lawn Sprinkler, Pool House, Courtyard, Balcony, Well Landscaped Grounds, Pet Area, Sidewalks
  • Exterior Windows: Brick Veneer, Aluminum Window(s)
  • Pool Description: In Ground

Garage/Parking

  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1
  • Parking Storage: Garage Door Opener(s), Back-Load Garage, Parking Lot

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Association/Amenities

  • Condo Amenities: Clubhouse w/Baths, Courtyard, Water View
  • Condo Fees Include: Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund
  • Condominium Association: Yes
  • Condominium Name: Rivertown
  • Neighborhood Amenities: Pool, Recreation Facilities

Fee Information

  • Monthly Maintenance Fee: 234

Lot Info

  • Lot Description: Some Trees, Level, Water View, Water Access, Professionally Landscaped
  • Lot Number: UNIT 302
  • Acreage: 1.53
  • Lot Size: 465 X 203.47 IRR

Tax Info

  • Assessor Parcel Number: 001001 T00037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2020
Closed on
Aug 12, 2020
Sold by
Loos Matthew L and Loos Rebecca
Bought by
Mccaffery Robert J
Seller's Agent
Jason Wallace
Keller Williams Realty
Buyer's Agent
Jake Lawhead
Ware Jones, REALTORS
List Price
$280,000
Sold Price
$265,000
Premium/Discount to List
-$15,000
-5.36%
Current Estimated Value
$304,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,128
Avg. Annual Appreciation
2.61%
Original Mortgage
$205,000
Outstanding Balance
$181,849
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$122,279

Purchase Details

Listed on
Mar 25, 2019
Closed on
Apr 30, 2019
Sold by
Gephart Rebecca
Bought by
Loos Matthew L and Loos Rebecca
Seller's Agent
Richard Travers
Crye-Leike, Inc., REALTORS
Buyer's Agent
Laura Wallace
Keller Williams Realty
List Price
$259,900
Sold Price
$259,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.52%
Original Mortgage
$207,200
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 1, 2018
Closed on
Apr 2, 2018
Sold by
Glidewell David L
Bought by
Gephart Rebecca
Seller's Agent
Linda Sowell
Sowell, Realtors
Buyer's Agent
Allison Spencer
Burch Realty Group
List Price
$229,900
Sold Price
$215,000
Premium/Discount to List
-$14,900
-6.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.39%
Original Mortgage
$204,250
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2011
Sold by
Barry Jordan W
Bought by
Glidewell David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2009
Sold by
Rivertown Llc
Bought by
Barry Jordan W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,780
Interest Rate
4.8%
Mortgage Type
FHA
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
Mccaffery Robert J $265,000 Edco Ttl & Closing Svcs Inc
Loos Matthew L $259,900 Edco Title & Closing Svcs
Gephart Rebecca $215,000 None Available
Glidewell David L $187,000 Multiple
Barry Jordan W $174,950 Chicago Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccaffery Robert J $205,000
Previous Owner Loos Matthew L $207,200
Previous Owner Gephart Rebecca $204,250
Previous Owner Glidewell David L $112,000
Previous Owner Barry Jordan W $171,780
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/14/2020 08/14/20 Sold $265,000 -1.5% $189 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
07/06/2020 07/06/20 Price Changed $269,000 -2.2% $192 / Sq Ft
06/05/2020 06/05/20 Price Changed $275,000 -1.8% $196 / Sq Ft
05/21/2020 05/21/20 For Sale $280,000 +7.7% $200 / Sq Ft
04/30/2019 04/30/19 Sold $259,900 0.0% $186 / Sq Ft View Prior Sale
03/28/2019 03/28/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $259,900 +20.9% $186 / Sq Ft
04/03/2018 04/03/18 Sold $215,000 -6.5% $154 / Sq Ft View Prior Sale
03/21/2018 03/21/18 Pending -- -- --
02/01/2018 02/01/18 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 $2,241 $73,625 $6,775 $66,850
2024 $2,241 $66,100 $6,775 $59,325
2023 $4,027 $66,100 $6,775 $59,325
2022 $4,027 $66,100 $6,775 $59,325
2021 $4,074 $66,100 $6,775 $59,325
2020 $3,514 $48,500 $6,775 $41,725
2019 $1,550 $48,500 $6,775 $41,725
2018 $1,550 $48,500 $6,775 $41,725
2017 $1,587 $48,500 $6,775 $41,725
2016 $1,841 $42,125 $0 $0
2014 $1,841 $42,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Wallace

    Seller's Agent in 2020

    Jason Wallace

    Keller Williams Realty

    (901) 690-1885

    1 in this area

    388 Total Sales

    Jason Wallace
    Section Image
  • Laura Wallace

    Seller Co-Listing Agent in 2020

    Laura Wallace

    Keller Williams Realty

    (901) 472-3006

    1 in this area

    145 Total Sales

    Laura Wallace
    Section Image
  • Jake Lawhead

    Buyer's Agent in 2020

    Jake Lawhead

    Ware Jones, REALTORS

    (901) 848-5352

    37 Total Sales

    Jake Lawhead
    Section Image
  • Richard Travers

    Seller's Agent in 2019

    Richard Travers

    Crye-Leike

    (901) 218-3961

    113 in this area

    192 Total Sales

    Richard Travers
    Section Image
  • Linda Sowell

    Seller's Agent in 2018

    Linda Sowell

    Sowell, Realtors

    (901) 277-4380

    8 in this area

    202 Total Sales

    Linda Sowell
    Section Image

  • A

    Buyer's Agent in 2018

    Allison Spencer

    Burch Realty Group

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10076990

Memphis Area Association of REALTORS®

APN: 00-1001-T0-0037

Tennessee Shelby County Memphis 38103 Mud Island

379 Cobalt Bay Loop Unit 302, Memphis, TN

Not Listed for Sale

Condos

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