358 N Island Dr Unit 105, Memphis, TN, 38103

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

358 N Island Dr Unit 105, Memphis$539,000

Buyer Closing Credits

$6,401^*

1.25% Loan Amount

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeTownhouse

ParkingGarage Door Opener(s), Garage

Year Built2007

HeatingCentral, Natural Gas, Multi Unit(s)

CoolingCentral Air, Multi Unit(s), Other

BasementYes

WaterfrontWaterfront, Water View

FireplaceIn Keeping/Hearth room

ViewWater, Other

MLS #10182286

Lot Size1.53 Acres

StatusActive

About 358 N Island Dr Unit 105

WOW Views of the River & Bridge from 2 balconies in this 4 bedroom 3.5 baths Town House, nail-down hardwood floors on first & third floors. Come home to a resort like setting every day in this easy living home. Walk to Harbor Town, dog park & other downtown amenities, minutes from medical center. Balcony on Second and Third Floors. First floor has a small private courtyard. Gourmet kitchen is open to dining room & to living area. 2 new HVAC units in May 2022. You will love this property.

View More

Property Details

Property Features

Property Information:

• Architectural Style: Traditional, Soft Contemporary
• Year Built: 2007
• Stories: 3

Listing Office:

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

Interior Features

Interior Information:

• Appliances: Range, Oven, Gas Range, Disposal, Dishwasher, Microwave
• Basement: Yes
• Flooring Type: Hardwood Throughout, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
• Interior: All Window Treatments, Wet Bar, Walk-In Closet(s), Cat/Dog Free House, Security System, Smoke Detector(s)
• Fireplace: In Keeping/Hearth room

Bedroom and Bathroom Information:

• Partial Bathrooms: 1
• Full Bathrooms: 3
• Total Bedroom Count: 4

Exterior Features

Exterior Information:

• Waterfront: Waterfront, Water View
• View: Water, Other
• Exterior: Porch, Patio, Pet Area

Parking Information:

• Parking: Garage Door Opener(s), Garage

Lot Features

Lot Information:

• Lot: Level, Waterfront, Views, Landscaped
• Lot Size: 1.53 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

• Directions: Take Bridge to Mud Island Go South on Round About turning left onto Island Drive. Second Building on the left Facing River is Turn Left at the River Town Sign and park Condo is facing River.

Price Information

Listing Price Info

Price Summary:

• List Price: $539,000

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

$183K

# of Sold Homes

362

358 N Island Dr Unit 105 vs Memphis

79 DAYS ON ROCKET

$539,000

+$356K More

KEY TAKEAWAY

This property is $356K more than the Median Sold Price in Memphis, TN.

Based on homes sold in November 2024

MLS Details

MLS Information:

• MLS Number: #10182286

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: 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.

View More

Property Sales & Tax

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

Payment Calculator

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

$2,758

Per Month

Principal & Interest

$2,691

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)

$0

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

$1,682

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Tennessee›Shelby County›Memphis›38103›358 N Island Dr Unit 105

This home is located at 358 N Island Dr Unit 105 in Memphis, TN and zip code 38103 in the Harbortown / Mud Island neighborhood. This home, which was built in 2007, sits on a 1.53 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $539,000.

Over 45 listings were sold over their listed price in November 2024 in Memphis, TN. In the same period over 218 listings were sold below the listed price and 98 listings were sold for the listed price. In November 2024 in Memphis, TN there were 6.8% more homes for sale than in October 2024.

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