See Home Value
$1,016,672*
House - Off Market

997 ISLAND PARK

Memphis, TN 38103
bedrooms
4 Beds
bathrooms
4 Baths
$603,000 - $735,000
Reference Base Price*
51.97%
Since Feb 1, 2019
National-US
Primary Model
Sold Feb 18, 2019
$645,000
$490,000 by Firstbank
Mortgage Due May 01, 2036
Sold Dec 17, 2015
$416,500
$416,500 by Investment Property Financing
Mortgage

About This Property

Amazing Mississippi River Views, watch the sunset from any of the 3 outdoor spaces. This Harbor Town home was completely remodeled in 2016 - everything updated from super insulated, sound barrier windows to new flooring throughout. Open floor plan perfect for entertaining. Office & full bathroom down w Master & 2 more bdrms on 2nd floor, bonus/4th bdrm on 3rd flr. Master with French doors to balcony overlooking the river. 30k master bath reno w dble vanity, jetted tub, tiled shower & heated flrs
Unit Size
-
Days on Market
-
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$11,399
HOA Dues
-
Year Built
1995

Price History

Date / Event Date Event Price
Jan 23, 2019 No longer available -
No longer available
Dec 29, 2018 Price Decreased $669,000
↓ $6K (0.9%)
Price Decreased
Dec 5, 2018 Price Decreased $674,900
↓ $5K (0.7%)
Price Decreased
Nov 5, 2018 Listed $679,900
Listed

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Colonial
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,780
  • Lot Size Depth Feet: 700
  • Lot Size Frontage Feet: 540
  • Total Building Area: 4,791
  • Gross Building Area: 4,791
  • Building Area: 4,391
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,391
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HARBOR TOWN P D PHASE 14 PT AREA C
  • Land Acres: 0.087
  • Standard Land Use Code: Planned unit development (pud residential)
  • Legal Description 1: WS ISLAND PARK DR (PD) SEE MAP 73 & 74 INSERT 1 (TILE# 341)

Ownership

  • Current Owner : IVERSON EVAN
  • Current Owner 2: IVERSON JENNIFER
  • Previous Owner : DRAYNE BRYAN
  • Owner Before Previous Owner: SMITH JANET OWENS
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: CA

Geography

  • Assessors Map Reference: MB 195-39
  • District: O
  • Parcel: 00-1001-J0-0003
  • Lot: 280
  • Municipality: MEMPHIS
  • Latitude: 35.1685
  • Longitude: -90.0549

    Address

  • Full Address: 997 Island Park Dr
  • Address - House Number: 997
  • Address - Street Name: Island Park
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Memphis
  • Carrier Code: C033
  • 4-Digit Zip Code: 5838
  • Zip Code: 38103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,941

    Appraisal Valuation

  • Standard Deviation: 0.1873
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 863,015
  • High Value: 1,024,710
  • Low Value: 701,320

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $490,000
  • First Open Lien Mortgage Lender: FIRSTBANK
  • First Open Lien Mortgage Recording Date: May 04, 2021
  • First Open Lien Mortgage Loan Amount: $490,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2036

    Market Valuation

  • Market Total Value: $718,400
  • Market Land Value: $221,400
  • Market Improvement Value: $497,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $179,600
  • Assessed Land Value: $55,350
  • Assessed Improvements Value: $124,250

    Sales

  • Current Sale Contract Date: Feb 15, 2019
  • Current Sale Recording Date: Feb 18, 2019
  • Current Sale Transaction ID: 11571552980
  • Current Sale Price: $645,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19015420
  • Previous Sale Recording Date: Dec 17, 2015
  • Previous Sale Contract Date: Dec 08, 2015
  • Previous Sale Amount: $416,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALTRA FCU
  • First Mortgage Transaction Date: Feb 18, 2019
  • First Mortgage Loan Amount: $480,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: INVESTMENT PROPERTY FINANCING
  • Previous Mortgage Transaction Date: Dec 17, 2015
  • Previous Mortgage Loan Amount: $416,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Downtown Memphis


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Frequently Asked Questions

When was property at 997 Island Park Drive built and last sold?
The property at 997 Island Park Drive was built in 1995 and last sold on Feb 15, 2019 for $645,000.
How much is this home worth?
The estimated value of the home located at 997 Island Park Drive is $675,690.
What are some comparable homes to 997 Island Park Drive?
There are currently no comparable homes to 997 Island Park Drive.

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