1201 Island Pl E, Memphis, TN, 38103

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

1201 Island Pl E, Memphis$369,900

Buyer Closing Credits

$4,393^*

1.25% Loan Amount

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingBack-Load Garage, Garage

Year Built2002

HeatingCentral

CoolingCentral Air

FireplaceIn Living Room, Gas Starter

ViewOther

MLS #10170431

Lot Size0.08 Acres

StatusActive

About 1201 Island Pl E

GORGEOUS HOME with FABULOUS HARDWOOD FLOORS! Home features super nice kitchen w/breakfast bar, separate office off the kitchen, light OPEN FLOOR PLAN, Large Great Room w/cozy FP, large Master Suite w/2 walk-in closets, the ever popular balcony off the Master Super. Nice oversized patio area that is fenced perfect for a pet. THIS ONES A WINNER!

View More

Property Details

Property Features

Property Information:

• Architectural Style: Traditional
• Year Built: 2002
• Stories: 2

Listing Office:

• Office Name: Crye-Leike, Inc., REALTORS

Interior Features

Interior Information:

• Appliances: Range, Oven, Self Cleaning Oven, Disposal, Dishwasher, Refrigerator
• Flooring Type: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling, Vaulted/Coff/Tray Ceiling
• Interior: Walk-In Closet(s), Walk-In Attic, Cat/Dog Free House, Security System
• Fireplace: In Living Room, Gas Starter

Bedroom and Bathroom Information:

• Partial Bathrooms: 1
• Full Bathrooms: 2
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• View: Other
• Exterior: Auto Lawn Sprinkler, Porch, Patio

Parking Information:

• Parking: Back-Load Garage, Garage

Lot Features

Lot Information:

• Lot: Level, Landscaped, Fencing
• Lot Size: 0.08 Acres

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

Other

Directions Information:

• Directions: Island Drive to RIGHT on Island Place East

Price Information

Listing Price Info

Price Summary:

• List Price: $369,900

HOA Fees:

• Amount: $1000
• Frequency: Annually

Tax Information:

• Annual Amount: $5,374
• Tax Year: 2021

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

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

Memphis, TN

City

Med. Sold Price

$190.4K

# of Sold Homes

409

1201 Island Pl E vs Memphis

212 DAYS ON ROCKET

$369,900

+$179.4K More

KEY TAKEAWAY

This property is $179.4K more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

• MLS Number: #10170431

Listing Office:

• Office Name: Crye-Leike, Inc., REALTORS

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: 11/17/2024, 11:55:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Jun 06, 2019	Jun 06, 2019Home Sold	$290,000
Aug 01, 2016	Aug 01, 2016Home Sold	$250,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$5,374	$74,225
2020	$4,440	$61,275
2019	$4,439	$61,275
2018	$2,518	$61,275
2017	$2,252	$61,275

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$1,997

Per Month

Principal & Interest

$1,847

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$83

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,175

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38103›1201 Island Pl E

This home is located at 1201 Island Pl E in Memphis, TN and zip code 38103 in the Harbortown / Mud Island neighborhood. This home, which was built in 2002, sits on a 0.08 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 19, 2024 and is currently priced at $369,900.

While more than 53 listings in Memphis, TN in October 2024 were sold above asking price, there were more than 103 listings sold at asking price, and more than 252 were sold below. The inventory of homes for sale in Memphis, TN between September 2024 and October 2024 increased by 22.4%.

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