Large Location Icon

120 Founders Ln; Memphis, TN Property Details

120 Founders Ln, Memphis, TN is a Planned Unit Development that was built in 2006. This property is currently Financed and is not for sale. Our records show that 120 Founders Ln has 4 bedrooms, and 5 bathrooms, and a total of 5,786 square feet. The lot size of 120 Founders Ln is 20,787 square feet.

Off market
120 Founders Ln Memphis, TN 38103
$1,200,000 Listing Price
4 Beds
5 Baths
5,786 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 2006
  • Purchase Price: $875,000
  • Open Loans / Balance: 1 / $472,259
  • Est. Equity / %: $880,741 / 65.1%
  • APN: 00-2086-A0-0020C
  • Situs County: Shelby
  • Length Of Ownership: 14 years

Rooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full Bathrooms: 4
  • Total Rooms: 12
  • Partial Bathrooms: 2

Structure

  • Stories: 2.75
  • Exterior Wall Type: Stucco
  • Building Condition: Average
  • Building Quality: B
  • Pool Type: Yes
  • Deck: true

Measurements

  • Total: 5,786/SqFt
  • Lot: 20,787/SqFt
  • Gross: 6,887/SqFt
  • Garage: 801/SqFt
  • Living: 5,786/SqFt
  • Building: 6,887/SqFt
  • Ground: 2,956/SqFt
  • Price Per Square Foot: $151.23

Legal Description

  • Description: SEE MAP GRID# 138 H ES FOUNDERS LN
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: 35.127277 / -90.06955
  • Subdivision: Founders Pointe Phase 1 Pd
  • Property Class: Residential
  • Zoning: R-R
  • County Use Code: 052

Amenities

  • Pool: true
  • Plus Four: 4764
  • Bathroom Fixtures: 21
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 3

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

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

Taxes

120 Founders Ln has 10 associated Taxes items

120 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 $363,575. The APN we've located for 120 Founders Ln is 00-2086-A0-0020C.

Unlock the full report
Taxes
  • Assessed Value:  $363,575
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  00-2086-A0-0020C
  • Assessed Land Value:  57575
  • Market Land Value:  230300
  • Tax Amount:  9780.17
  • Tax Year:  2025
  • Market Value:  1454300
  • Market Year:  2025

Tax History

120 Founders Ln has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $363,575 Land Value $57,575 Improvement Value $306,000 Tax Amount $9,780.17 Change Rate -0.033499% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $298,500 Land Value $45,375 Improvement Value $253,125 Tax Amount $10,119.15 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $298,500 Land Value $45,375 Improvement Value $253,125 Tax Amount $10,119.15 Change Rate -0.4435% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $298,500 Land Value $45,375 Improvement Value $253,125 Tax Amount $18,183.55 Change Rate -0.011586% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $298,500 Land Value $45,375 Improvement Value $253,125 Tax Amount $18,396.7 Change Rate -0.051063% Assessed CR Tax Rate +0.06163%
Year 2020 Assessed Value $267,550 Land Value $49,175 Improvement Value $218,375 Tax Amount $19,386.64 Change Rate +1.267213% Assessed CR Tax Rate +0.07246%
Year 2019 Assessed Value $267,550 Land Value $49,175 Improvement Value $218,375 Tax Amount $8,550.87 Change Rate Assessed CR Tax Rate +0.03196%
Year 2018 Assessed Value $267,550 Land Value $49,175 Improvement Value $218,375 Tax Amount $8,550.87 Change Rate -0.023075% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $267,550 Land Value $49,175 Improvement Value $218,375 Tax Amount $8,752.84 Change Rate +0.167512% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $220,500 Land Value Improvement Value Tax Amount $7,497 Change Rate -0.221968% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $220,500 Land Value Improvement Value Tax Amount $9,635.85 Change Rate +1.324373% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $4,145.57 Change Rate Assessed CR Tax Rate