2 months on rocket

120 Founders Ln, Memphis, TN, 38103

$1,500,999

Home List Price

$10,000*

Closing Credit

4 Bedrooms
5 Full Baths, 1 Partial
House

Location

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120 Founders Ln, Memphis$1,500,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad, Side-Load Garage
Year Built2005
HeatingCentral, Natural Gas, Multi Unit(s)
CoolingCentral Air, Ceiling Fan(s), Multi Unit(s), Other
BasementYes
FireplaceVented Gas Fireplace, In Keeping/Hearth room, Gas Logs
MLS #10182916
Lot Size0.47 Acres
StatusActive

About 120 Founders Ln

Located Downtown Memphis! This "Entertainer's Dream" Home will set your heart racing! Scored concrete floors throughout 1st Floor, 9ft + High Ceilings , & Luxury Fixtures to Match! New Recently Finished Pool with Fully Functional Waterfall to Complement. This Home Features a Luxury Primary Suite, 3rd Floor "Party Suite" w/ Balcony Over Looking the City's Lights and River Views. Call Today to Book Your Private Showing!!!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2005
  • Stories: 2

Listing Office:

  • Office Name: Progressive Realty Services

Interior Features

Interior Information:

  • Appliances: Self Cleaning Oven, Double Oven, Gas Range, Disposal, Dishwasher
  • Basement: Yes
  • Flooring Type: Part Carpet, Tile, Brick Floor, Smooth Ceiling, 9 or more Ft. Ceiling, Vaulted/Coff/Tray Ceiling, Two Story Foyer
  • Interior: All Window Treatments, Wet Bar, Walk-In Closet(s), Walk-In Attic, Sky Light(s), Security System, Smoke Detector(s), Monitored Alarm
  • Fireplace: Vented Gas Fireplace, In Keeping/Hearth room, Gas Logs

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Pool Heater, Patio, Hot Tub, Historic District, Balcony, Enclosed Balcony, Brick or Stone Fence, Sidewalks

Parking Information:

  • Parking: Driveway/Pad, Side-Load Garage

Lot Features

Lot Information:

  • Lot: Few Trees, Level, Corner Lot, Landscaped, Fencing
  • Lot Size: 0.47 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas, Multi Unit(s)
  • Cooling: Central Air, Ceiling Fan(s), Multi Unit(s), Other

Other

Directions Information:

  • Directions: FROM RIVERSIDE DR GO SOUTH ON CHANNEL 3 DRIVE. TURN RIGHT INTO FOUNDERS POINT GATE THEN HOME WILL BE ON LEFT.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,999
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Housing Market Comparison

See how this home compares to others in Memphis, TN.

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Memphis, TN

City

Med. Sold Price

$183K

# of Sold Homes

362

120 Founders Ln vs Memphis

70 DAYS ON ROCKET

$1,500,999

+$1.3M More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10182916

Listing Office:

  • Office Name: Progressive Realty Services

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,567

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4543390
3
/10

  • Memphis Scholars Florida-Kansas (ASD)

  • 90 W Olive Ave

  • 1.21 miles

  • Public Charter Grades PK-5

school-card-donut-4543391
3
/10

  • A. B. Hill Elementary School

  • 345 E Olive Ave

  • 1.58 miles

  • Public District Grades PK-5

school-card-donut-4543392
3
/10

  • Downtown Elementary School

  • 10 N 4th St

  • 1.72 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $85,102. Most Memphis, TN residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 120 Founders Ln

What is the listing price of this property?

The listing price of 120 Founders Ln property is $1,500,999.

What type of property is this?

The property 120 Founders Ln is a house located in Memphis, Tennessee, 38103.

Is this property for sale now?

Active Listing: 120 Founders Ln is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 120 Founders Ln has 4 bedrooms and 5 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 120 Founders Ln is 2005.

Rocket Homes›Tennessee›Shelby County›Memphis›38103›120 Founders Ln

This home is located at 120 Founders Ln in Memphis, TN and zip code 38103 in the Downtown neighborhood. This home, which was built in 2005, sits on a 0.47 acre lot. Features: 4 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $1,500,999.

In November 2024, from all listings sold in Memphis, TN there were more than 45 sold above asking price, over 218 sold below and more than 98 were sold right at the asked price. The inventory of homes for sale in Memphis, TN between October 2024 and November 2024 increased by 6.8%.

From Rocket Homes Real Estate and based on county public records data.

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