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119 Founders Ln; Memphis, TN Property Details

119 Founders Ln, Memphis, TN is a Planned Unit Development that was built in 2019. This property is currently a cash purchase and is not for sale. Our records show that 119 Founders Ln has 3 bedrooms, and 3.5 bathrooms, and a total of 3,366 square feet. The lot size of 119 Founders Ln is 6,875 square feet.

Off market
119 Founders Ln Memphis, TN 38103
$275,000 Listing Price
3 Beds
3.5 Baths
3,366 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Trust
  • Owner Status: Trust
  • Year Built: 2019
  • Purchase Price: $265,000
  • Open Loans / Balance: 1 / $445,409
  • Est. Equity / %: $596,591 / 57.25%
  • APN: 00-2086-A0-0018
  • Situs County: Shelby
  • Length Of Ownership: 8 years, 5 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 3.5
  • Full Bathrooms: 3
  • Total Rooms: 5
  • Partial Bathrooms: 1

Structure

  • Stories: 2
  • Exterior Wall Type: Brick veneer
  • Building Condition: Average
  • Building Quality: B

Measurements

  • Total: 3,366/SqFt
  • Lot: 6,875/SqFt
  • Gross: 4,038/SqFt
  • Garage: 672/SqFt
  • Living: 3,366/SqFt
  • Building: 4,038/SqFt
  • Ground: 2,447/SqFt
  • Price Per Square Foot: $78.73

Legal Description

  • Description: WS FOUNDERS LN (PD)
Building Insights

Land Information

  • Property Type: Planned Unit Development
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Shelby County School District
  • Lat / Lon: 35.127686 / -90.07007
  • Subdivision: Founders Pointe P D Phase 1 Parcel 1
  • Property Class: Residential
  • Zoning: R-R
  • County Use Code: 052

Amenities

  • Plus Four: 4763
  • Bathroom Fixtures: 14
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central

HOA

  • H O A One: $960
  • H O A Amount: $960
  • H O A One Frequency: Monthly
  • H O A One Name: Founders Pointe Association
  • H O A One Type: Planned Unit Development

Ownership Info

119 Founders Ln has no associated ownership info
119 Founders Ln has no associated ownership info.

Taxes

119 Founders Ln has 10 associated Taxes items

119 Founders Ln, Memphis, TN pays taxes in Shelby County, TN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $233,775. The APN we've located for 119 Founders Ln is 00-2086-A0-0018.

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Taxes
  • Assessed Value:  $233,775
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  00-2086-A0-0018
  • Assessed Land Value:  49600
  • Market Land Value:  198400
  • Tax Amount:  6288.55
  • Tax Year:  2025
  • Market Value:  935100
  • Market Year:  2025

Tax History

119 Founders Ln has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $233,775 Land Value $49,600 Improvement Value $184,175 Tax Amount $6,288.55 Change Rate -0.007608% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $186,925 Land Value $41,875 Improvement Value $145,050 Tax Amount $6,336.76 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $186,925 Land Value $41,875 Improvement Value $145,050 Tax Amount $6,336.76 Change Rate -0.443499% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $186,925 Land Value $41,875 Improvement Value $145,050 Tax Amount $11,386.8 Change Rate -0.011586% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $186,925 Land Value $41,875 Improvement Value $145,050 Tax Amount $11,520.27 Change Rate +0.17032% Assessed CR Tax Rate +0.06163%
Year 2020 Assessed Value $135,850 Land Value $31,775 Improvement Value $104,075 Tax Amount $9,843.69 Change Rate +4.948855% Assessed CR Tax Rate +0.07246%
Year 2019 Assessed Value $51,775 Land Value $31,775 Improvement Value $20,000 Tax Amount $1,654.72 Change Rate +0.629399% Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $31,775 Land Value $31,775 Improvement Value Tax Amount $1,015.54 Change Rate -0.023059% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $31,775 Land Value $31,775 Improvement Value Tax Amount $1,039.51 Change Rate -0.037803% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $31,775 Land Value Improvement Value Tax Amount $1,080.35 Change Rate -0.221969% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $31,775 Land Value Improvement Value Tax Amount $1,388.57 Change Rate +0.370358% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $1,013.29 Change Rate Assessed CR Tax Rate