Check Availability

1223 Island Place East

1223 Island Place East, Memphis, TN 38103
Property in Harbortown
Sold Feb 22, 2021
$316,900
Sold Aug 05, 2008
$208,750
$187,875 by First Farmers & Merchants Bank
Mortgage Due Aug 01, 2023
1223 Island Place East in Memphis, TN was first built in 2002 and is 22 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1223 Island Place East has 1,746 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 305 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 3,872 square feet.

Learn more about the property and building on this page. There is a unknown. For those who need parking, there is a attached garage. The garage is 410 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1223 Island Place East sold most recently in Feb 16, 2021 for a total of $316,900. If you work out the math, that's approximately a cost of $146.99 per sqft. Before that, the property was also sold for $208,750 in Jul 30, 2008. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,572 in taxes each year. 1223 Island Place East was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $75,050. If we break it down further, the land itself was valued at $11,750. Improvements to the property, however, were assessed at a total of $63,300. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Traditional
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 410
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,872
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 305
  • Total Building Area: 2,156
  • Gross Building Area: 2,156
  • Building Area: 1,746
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,746
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HARBOR ISLE PD PHASE 2
  • Land Acres: 0.089
  • Standard Land Use Code: Planned unit development (pud residential)
  • Legal Description 1: WS ISLAND PLACE E SEE MAP GRID 113 F

Ownership

  • Current Owner : PATEL PALAK Y
  • Current Owner 2: PATEL YOGESH T
  • Previous Owner : GORDON MARIBETH
  • Previous Owner 2: GORDON WILLIAM E
  • Owner Before Previous Owner: WOODARD NATALIE PITTS
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 000100

Zoning

  • Zoning: EMP

Geography

  • Assessors Map Reference: MB 244-050
  • District: O
  • Parcel: 06-9077-E0-0041
  • Lot: 141
  • Municipality: MEMPHIS
  • Latitude: 35.1735
  • Longitude: -90.0507

    Address

  • Full Address: 1223 Island Pl E
  • Address - House Number: 1223
  • Street Segment Direction: E
  • Address - Street Name: Island
  • Address - Suffix Type: Pl
  • State: TN
  • City Name: Memphis
  • Carrier Code: C034
  • 4-Digit Zip Code: 8982
  • Zip Code: 38103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,572

    Appraisal Valuation

  • Standard Deviation: 0.2211
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 394,963
  • High Value: 482,314
  • Low Value: 307,612

    Market Valuation

  • Market Total Value: $300,200
  • Market Land Value: $47,000
  • Market Improvement Value: $253,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,050
  • Assessed Land Value: $11,750
  • Assessed Improvements Value: $63,300

    Sales

  • Current Sale Contract Date: Feb 16, 2021
  • Current Sale Recording Date: Feb 22, 2021
  • Current Sale Transaction ID: 11818454388
  • Current Sale Price: $316,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21020369
  • Previous Sale Recording Date: Aug 05, 2008
  • Previous Sale Contract Date: Jul 30, 2008
  • Previous Sale Amount: $208,750
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTMENT GROUP
  • First Mortgage Transaction Date: Feb 22, 2021
  • First Mortgage Loan Amount: $237,675
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FARMERS & MERCHANTS BANK
  • Previous Mortgage Transaction Date: Aug 05, 2008
  • Previous Mortgage Loan Amount: $187,875
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2023

About Downtown Memphis



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 670 Marina Cottage, Memphis, TN, 38103

$2,995 /mo

  • 2 Beds
  • 2.5 Baths
670 Marina Cottage, Memphis, TN, 38103 Listing by Janie Courser
Unit for rent at 200 Wagner, Memphis, TN, 38103

$2,950 /mo

  • 2 Beds
  • 2 Baths
200 Wagner #802, Memphis, TN, 38103 Listing by Patrick Surratt
Unit for rent at 50 Gayoso, Memphis, TN, 38103

$1,850 /mo

  • 1 Bed
  • 2 Baths
50 Gayoso #306, Memphis, TN, 38103 Listing by Kathryn Garland
Unit for rent at 849 N 2nd, Memphis, TN, 38107

$1,200 /mo

  • 1 Bed
  • 1 Bath
849 N 2nd, Memphis, TN, 38107 Listing by Reginald Williams
Unit for rent at 1050 N Parkway, Memphis, TN, 38105

$1,200 /mo

  • 1 Bed
  • 1 Bath
1050 N Parkway, Memphis, TN, 38105 Listing by Oksana Piven
Unit for rent at 807 N Fifth, Memphis, TN, 38107

$895 /mo

  • 2 Beds
  • 1 Bath
807 N Fifth, Memphis, TN, 38107 Listing by Katrina Kelly Isom
Unit for rent at 1070 Merriwether Avenue, Memphis, TN, 38105

$775 /mo

  • 1 Bed
  • 1 Bath
  • 528 ft²
1070 Merriwether Avenue #1070 Merriwether Avenue - 1070-5, Memphis, TN, 38105 Listing by Manager

Frequently Asked Questions

What neighborhood is 1223 Island Place East located in?
The 1223 Island Place East is a located in the neighborhood of Harbortown in Downtown Memphis, Memphis.
What is the average sales price for listings in 1223 Island Place East?
The average sales price for units in 1223 Island Place East is $0 currently.

Quantcast