$259,900
SOLD APR 30, 2019

379 Cobalt Bay Loop Unit 302 Memphis, TN 38103

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

Recently Sold

$163 Per Sq Ft

3 Days on Market

Highlights

  • Water Views
  • 1.53 Acre Lot
  • Traditional Architecture
  • In Ground Pool
  • Landscaped Professionally
  • Wood Flooring

About This Home

As of August 2020

Wonderful top floor condo in Rivertown on the Island. Spacious open floor plan. Kitchen has granite, countertops and stainless appliances. Large master with private bath and walk in closet. Balcony overlooks Wolf River Harbor. Attached one car garage, gorgeous hardwood floors, property features dog park, pool. This one's a WINNER!

Last Agent to Sell the Property

Richard Travers

Crye-Leike, Inc., REALTORS License #234229 Listed on: 03/25/2019

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Laura Wallace

Keller Williams Realty License #295729

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,241

Year Built

  • Built in 2007

Lot Details

  • Landscaped Professionally
  • Few Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,478 Sq Ft Home
  • 3-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • 1 Fireplace
  • Some Wood Windows
  • Separate Formal Living Room
  • Dining Room
  • Water Views

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Parking

  • 1 Car Garage
  • Front Facing Garage
  • Guest Parking
  • Parking Lot

Outdoor Features

  • In Ground Pool
  • Balcony

Additional Features

  • Upper Level
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 001001 T00037

Community Details

Overview

  • Property has a Home Owners Association
  • $234 Maintenance Fee
  • Rivertown On The Island Condos 4Th Amend Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,241

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Upstairs - Flat
  • Detached Unit Type: General Residential
  • MLS Map #: 741A
  • MAAR Subdivision Name: RIVERTOWN ON THE ISLAND
  • Condo: Yes
  • List Price Per Sq Ft: 176
  • Number Of Stories: 3
  • Price Per Sq Ft: 175.85
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1478
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Double Vanity Bath, Full Bath Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1, Shared Bath, Smooth Ceiling, Tile Floor
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Breakfast Bar, Pantry
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2
  • Primary Bathroom Description: Double Sinks, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Full Bath, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Balcony, Well Landscaped Grounds, Sidewalks
  • Exterior Windows: Brick Veneer, Wood/Composition, Wood Window(s)
  • Pool Description: In Ground

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Front-Load Garage, Parking Lot, Designated Guest Parking

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central

Association/Amenities

  • Condo Amenities: Water View
  • Condominium Association: Yes
  • Neighborhood Amenities: Pool

Fee Information

  • Monthly Maintenance Fee: 234

Lot Info

  • Lot Description: Some Trees, Level, Water View, Professionally Landscaped
  • Lot Number: UNIT 302
  • Acreage: 1.53
  • Lot Size: 465 X 203.47 IRR
  • Price Per Acre: 169869

Multi Family

  • Number Of Rooms: 4

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
$316,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,550
Avg. Annual Appreciation
3.72%
Original Mortgage
$205,000
Outstanding Balance
$183,478
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$133,072

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

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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 $265,000 Edco Ttl & Closing Svcs Inc
Warranty Deed $259,900 Edco Title & Closing Svcs
Warranty Deed $215,000 None Available
Warranty Deed $187,000 Multiple
Warranty Deed $174,950 Chicago Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $205,000 New Conventional
Previous Owner $207,200 New Conventional
Previous Owner $204,250 New Conventional
Previous Owner $112,000 New Conventional
Previous Owner $171,780 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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

    375 Total Sales

    Jason Wallace
    Section Image
  • Laura Wallace

    Seller Co-Listing Agent in 2020

    Laura Wallace

    Keller Williams Realty

    (901) 472-3006

    3 in this area

    169 Total Sales

    Laura Wallace
    Section Image
  • Jake Lawhead

    Buyer's Agent in 2020

    Jake Lawhead

    Ware Jones, REALTORS

    (901) 848-5352

    1 in this area

    42 Total Sales

    Jake Lawhead
    Section Image
  • Richard Travers

    Seller's Agent in 2019

    Richard Travers

    Crye-Leike

    (901) 218-3961

    116 in this area

    202 Total Sales

    Richard Travers
    Section Image
  • Linda Sowell

    Seller's Agent in 2018

    Linda Sowell

    Sowell, Realtors

    (901) 277-4380

    6 in this area

    213 Total Sales

    Linda Sowell
    Section Image
  • Allison Spencer

    Buyer's Agent in 2018

    Allison Spencer

    Burch Realty Group

    (662) 893-1700

    65 Total Sales

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10048714

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

This home is located at 379 Cobalt Bay Loop Unit 302, Memphis, TN 38103 and is currently priced at $259,900, approximately $162 per square foot. This property was built in 2007. 379 Cobalt Bay Loop Unit 302 is a home located in Shelby County with nearby schools including Downtown Elementary School, Manassas High School, and Memphis Scholars Caldwell-Guthrie.

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