NOT LISTED FOR SALE

89 Founders Ln Memphis, TN 38103

South Main Neighborhood

Estimated Value: $663,000 - $905,000

4 Beds
3 Baths
2,800-2,999 Sq Ft
$247/Sq Ft Est. Value

Last Sold May 21, 2016

Last sale price $445,500 $149 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,525/month

162 Days on Market

Highlights

  • Gated Parking
  • Updated Kitchen
  • Landscaped Professionally
  • Sitting Area In Primary Bedroom
  • 0.14 Acre Lot
  • 4-minute walk to Martyrs Park

About This Home

As of May 2016

Fabulous Home on the River. Quiet & Gated Neighborhood. Large/Open floor plan w/large luxury master suite down an a 2nd BR down as well. Gorgeous hardwood floors, casement windows, plantation shutters, room sizes are enormous, stone FP in great room, fantastic oversized covered patio w/river views. This one's a Winner! OWNER Says Make Offer Now!!!

Last Agent to Sell the Property

Richard Travers

Crye-Leike, Inc., REALTORS License #234229 Listed on: 10/07/2015

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Richard Travers

Crye-Leike, Inc., REALTORS License #234229 Listed on: 10/07/2015

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,920

Year Built

  • Built in 2001

Lot Details

  • 6,098 Sq Ft Lot
  • Wrought Iron Fence
  • Landscaped Professionally
  • Level Lot
  • Few Trees

HOA Fees

  • $83 Monthly HOA Fees

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,800-2,999 Sq Ft Home
  • 2,879 Sq Ft Home
  • 1.5-Story Property
  • Built-in Bookshelves
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Window Treatments
  • Casement Windows
  • Two Story Entrance Foyer
  • Living Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Dining Room
  • Loft
  • Bonus Room
  • Keeping Room
  • Permanent Attic Stairs
  • Home Security System

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dressing Area
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Gated Parking

Accessible Home Design

  • Wheelchair Access
  • Handicap Modified
  • Doors are 32 inches wide or more

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Founders Pointe P D Phase 1 Parcel 1 Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 002086 A00012

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,920

Year Built

Built in 2001

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 745A
  • MAAR Subdivision Name: FOUNDERS POINTE PH1
  • Handicap Design: Wide Doors, Wheelchair Mobility
  • List Price Per Sq Ft: 173
  • Number Of Stories: 1.5
  • Price Per Sq Ft: 154.74
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2879
  • Year Built: 2001
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 2 or More Baths, Laundry Room, Keeping/Hearth Room, Breakfast Room
  • Second Story Floor Plan: 2nd Bedroom, 3rd Bedroom, 4th or More Bedrooms, 1 Bath
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Split Bedroom Plan, Luxury Primary Bath, Double Vanity Bath, Whirlpool(s), Separate Tub & Shower, Full Bath Down
  • Estimated Heated Sq Ft Range: 2800-2999
  • Bedrooms: 4
  • Bedrooms Down: 2
  • Fireplace: In Living Room, In Primary Bedroom, Gas Starter
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling, Two Story Foyer
  • Full Bathrooms: 3
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher, Refrigerator, Washer, Dryer, Cable Wired, Cable Available
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, Eat-In Kitchen, Pantry
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Permanent Attic Stairs, Walk-In Attic, Handicap Design, Cat/Dog Free House, Security System
  • Number Of Fireplaces: 2
  • Other Rooms: Laundry Room, Bonus Room, Entry Hall, Loft/Balcony
  • Total Bathrooms: 3
  • Primary Bathroom Description: Double Sinks, Separate Shower, Dressing Area, Smooth Ceiling
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Fireplace, Sitting Area, Built-In Cabinets/Bkcases, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Porch, Patio, Covered Patio
  • Exterior Windows: Brick Veneer, Double Pane Window(s), Casement Window(s)

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Annual Association Fee: 1000
  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Level, Landscaped, Professionally Landscaped, Iron Fenced
  • Lot Number: 8
  • Acreage: 0.14
  • Lot Size: 6228SF 50X124.5
  • Price Per Acre: 3564286

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 002086 A00012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2015
Closed on
May 21, 2016
Sold by
Conklin Penwell Kelly
Bought by
Hudson John and Hudson Lorie
Seller's Agent
Richard Travers
Crye-Leike, Inc., REALTORS
Buyer's Agent
Richard Travers
Crye-Leike, Inc., REALTORS
List Price
$499,000
Sold Price
$445,500
Premium/Discount to List
-$53,500
-10.72%
Current Estimated Value
$740,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,583
Avg. Annual Appreciation
5.85%
Original Mortgage
$417,000
Outstanding Balance
$334,786
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$419,878

Purchase Details

Listed on
Nov 8, 2013
Closed on
Dec 10, 2013
Sold by
Bank Of America Na
Bought by
Conklin Penwell Kelly
Seller's Agent
Sam Hanks
Broker South Realty
Buyer's Agent
Nathan Mitchell
Crye-Leike, Inc., REALTORS
List Price
$283,500
Sold Price
$323,000
Premium/Discount to List
$39,500
13.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.09%
Original Mortgage
$258,400
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 8, 2013
Closed on
Oct 17, 2013
Sold by
Eastmead Donald J and Eastmead Kelly Louise
Bought by
Bank Of America Na
Seller's Agent
Sam Hanks
Broker South Realty
Buyer's Agent
Nathan Mitchell
Crye-Leike, Inc., REALTORS
List Price
$283,500
Sold Price
$323,000
Premium/Discount to List
$39,500
13.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,400
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2009
Sold by
Eastmead Kelly Louise
Bought by
Eastmead Donald Joseph

Purchase Details

Closed on
Aug 29, 2007
Sold by
Eastmead Donald
Bought by
Eastmead Donald and Eastmead Kelly
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hudson John $445,500 Anchor Title
Conklin Penwell Kelly $323,000 None Available
Bank Of America Na $279,894 None Available
Eastmead Donald Joseph -- None Available
Eastmead Donald -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hudson John $417,000
Previous Owner Conklin Penwell Kelly $258,400
Previous Owner Eastmead Donald J $465,600
Previous Owner Eastmead Donald J $60,000
Previous Owner Eastmead Donald J $464,800
Previous Owner Eastmead Donald J $464,800
Previous Owner Eastmead Donald J $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2016 05/21/16 Sold $445,500 -10.7% $159 / Sq Ft
03/17/2016 03/17/16 Pending -- -- --
10/07/2015 10/07/15 For Sale $499,000 +54.5% $178 / Sq Ft
12/13/2013 12/13/13 Sold $323,000 +13.9% $115 / Sq Ft
11/18/2013 11/18/13 Pending -- -- --
11/08/2013 11/08/13 For Sale $283,500 -- $101 / 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 $4,920 $174,225 $47,450 $126,775
2024 $4,920 $145,125 $40,075 $105,050
2023 $8,841 $145,125 $40,075 $105,050
2022 $8,841 $145,125 $40,075 $105,050
2021 $8,944 $145,125 $40,075 $105,050
2020 $8,065 $111,300 $30,400 $80,900
2019 $8,065 $111,300 $30,400 $80,900
2018 $8,065 $111,300 $30,400 $80,900
2017 $4,574 $111,300 $30,400 $80,900
2016 $4,413 $100,975 $0 $0
2014 $4,413 $100,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Richard Travers

    Seller's Agent in 2016

    Richard Travers

    Crye-Leike

    (901) 218-3961

    18 in this area

    200 Total Sales

    Richard Travers
    Section Image
  • Sam Hanks

    Seller's Agent in 2013

    Sam Hanks

    Broker South Realty

    (901) 378-0494

    29 Total Sales

    Sam Hanks
    Section Image

  • N

    Buyer's Agent in 2013

    Nathan Mitchell

    Crye-Leike

    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9962751

Memphis Area Association of REALTORS®

APN: 00-2086-A0-0012

Tennessee Shelby County Memphis 38103 South Main

89 Founders Ln, Memphis, TN

This home is located at 89 Founders Ln, Memphis, TN 38103 since 07 October 2015 and is currently estimated at $740,083, approximately $246 per square foot. This property was built in 2001. 89 Founders Ln is a home located in Shelby County with nearby schools including Downtown Elementary School, Booker T. Washington Middle & High School, and Memphis Scholars Florida Kansas.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Memphis Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Nearby Homes