NOT LISTED FOR SALE

79 Founders Ln Memphis, TN 38103

South Main Neighborhood

Estimated Value: $906,910 - $1,165,000

4 Beds
3.5 Baths
4,343 Sq Ft
$230/Sq Ft Est. Value

Sale Details

Date Sold: August 28, 2014

Last sale price $460,000 $106 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $5,858 / mo

270 Days on Market

Highlights

  • Water Views
  • Gated Community
  • 0.14 Acre Lot
  • Sitting Area In Primary Bedroom
  • Updated Kitchen
  • 5-minute walk to Martyrs Park

About This Home

As of August 2014

New Price, Drastic price reduction, HURRY UP!!! Master bed rm and second bed rm down. Amazing Views of the Mississippi River,Elevator, Check the custom builds automatic screens on the back porch and balcony.Lot of upgrades

Last Agent to Sell the Property

Saeed Nia

Crye-Leike Commercial License #262340 Listed on: 11/13/2013

Crye-Leike Commercial

Last Buyer's Agent

Saeed Nia

Crye-Leike Commercial License #262340 Listed on: 11/13/2013

Crye-Leike Commercial

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot
  • Sprinklers on Timer

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 4,343 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Some Wood Windows
  • Great Room
  • Separate Formal Living Room
  • Dining Room
  • Den with Fireplace
  • Screened Porch
  • Water Views
  • Iron Doors
  • Updated Kitchen

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom
  • Whirlpool Bathtub

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 002086 A00010

Community Details

Overview

  • Founders Pointe P D Phase 1 Parcel 1 Subdivision
  • Mandatory Home Owners Association

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: FOUNDERS POINTE PH1
  • Freestanding: Yes
  • List Price Per Sq Ft: 124
  • Number Of Stories: 2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 4343
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Vaulted/Coffered Primary, Split Bedroom Plan, Renovated Bathroom, Luxury Primary Bath, Whirlpool(s), Full Bath Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedroom 2 Description: Level 1, Walk-In Closet, Private Full Bath
  • Bedroom 3 Description: Level 2, Walk-In Closet, Shared Bath
  • Bedroom 4 Description: Level 2, Shared Bath
  • Bedroom 5 Description: Level 2
  • Bedrooms: 4
  • Bedrooms Down: 2
  • Fireplace: In Den/Great Room
  • Floors/Ceilings: Part Hardwood, Part Carpet
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Great Room, Updated/Renovated Kitchen, Pantry
  • Number Of Fireplaces: 1
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Sitting Area

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs, Auto Lawn Sprinkler, Screen Porch
  • Exterior Windows: Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Garage Door Opener(s), Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Water Sewer: Gas Water Heater

Association/Amenities

  • Neighborhood Amenities: Gated Neighborhood
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Level, Water View
  • Lot Number: 6
  • Acreage: 0.14
  • Lot Size: 6227SF 50X124.5

Tax Info

  • Assessor Parcel Number: 002086 A00010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2023
Sold by
Warren Mark P
Bought by
Mark Parker Warren Revocable Living Trust
Current Estimated Value
$999,228

Purchase Details

Listed on
Nov 13, 2013
Closed on
Aug 28, 2014
Sold by
Kotb Malak and Geller Arthur M
Bought by
Warren Mark P
Seller's Agent
Saeed Nia
Crye-Leike Commercial
Buyer's Agent
Saeed Nia
Crye-Leike Commercial
List Price
$650,000
Sold Price
$460,000
Premium/Discount to List
-$190,000
-29.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%
Original Mortgage
$414,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 1998
Sold by
Avgeris Andrew J
Bought by
Kotb Malak and Geller Arthur M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
6.95%
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
Mark Parker Warren Revocable Living Trust -- --
Warren Mark P $460,000 Fidelity National Title
Kotb Malak $110,000 --
Kotb Malak $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Warren Mark P $414,000
Previous Owner Kotb Malak $99,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2014 08/28/14 Sold $460,000 -29.2% $106 / Sq Ft
08/10/2014 08/10/14 Pending -- -- --
11/13/2013 11/13/13 For Sale $650,000 -- $150 / Sq Ft
Source: Memphis Area Association of REALTORS®

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 $6,283 $257,050 $47,450 $209,600
2024 $6,283 $185,325 $40,050 $145,275
2023 $11,289 $185,325 $40,050 $145,275
2022 $11,289 $185,325 $40,050 $145,275
2021 $13,172 $213,725 $40,050 $173,675
2020 $9,166 $126,500 $30,400 $96,100
2019 $9,166 $126,500 $30,400 $96,100
2018 $9,166 $126,500 $30,400 $96,100
2017 $6,519 $158,625 $30,400 $128,225
2016 $5,026 $115,000 $0 $0
2014 $6,550 $149,875 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Saeed Nia

    Seller's Agent in 2014

    Saeed Nia

    Crye-Leike

    (901) 337-1020

    50 Total Sales

    Saeed Nia
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3285372

Memphis Area Association of REALTORS®

APN: 00-2086-A0-0010

Tennessee Shelby County Memphis 38103 South Main

79 Founders Ln, Memphis, TN

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