NOT LISTED FOR SALE

89 Founders Ln Memphis, TN 38103

South Main Neighborhood

Estimated Value: $601,000 - $701,000

4 Beds
3 Baths
2,800-2,999 Sq Ft
$215/Sq Ft Est. Value

Sale Details

Date Sold: May 21, 2016

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

Est. 44% increase in value since last sale

Current estimated payment $3,931 / mo

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

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
  • Brick Veneer

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

Year Built

Built in 2001

Lot Details

6,098 Sq Ft Lot

HOA Fees

$83 per month

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: FOUNDERS POINTE PH1
  • Handicap Design: Wide Doors, Wheelchair Mobility
  • List Price Per Sq Ft: 173
  • Number Of Stories: 1.5
  • 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
  • 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

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
$643,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,851
Avg. Annual Appreciation
3.80%
Original Mortgage
$417,000
Outstanding Balance
$331,202
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$312,149

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

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

    16 in this area

    193 Total Sales

    Richard Travers
    Section Image
  • Sam Hanks

    Seller's Agent in 2013

    Sam Hanks

    Broker South Realty

    (901) 378-0494

    28 Total Sales

    Sam Hanks
    Section Image

  • N

    Buyer's Agent in 2013

    Nathan Mitchell

    Crye-Leike

    Section Image
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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

Not Listed for Sale

Detached

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