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1072 Island Dr, Memphis, TN, 38103

5beds
5baths
3,250sqft
$895,000
$275price/sqft
$6,147/moest. monthly cost
$245,880/yrincome needed

About This Home

Fantastic home with awesome river views from every floor. This home features 4 or 5 bedrooms, 5 full baths, gorgeous hardwood floors, 10 ft ceilings, great room with gas fireplace and built-in book shelves. Chefs kitchen with a wonderful island, gas cooking, stainless steel appliances, granite tops. 1 bedroom down, charming yard courtyard patio. Large garage with awesome storage space, generator, barbecue grill area. A serene sanctuary with panoramic river vistas. After purchase the owners added an additional bedroom and bath on the second floor. This one's a winner!!

Getting Around

31
WalkingCar-Dependent
22
TransitMinimal Transit
45
BikeSomewhat Bikeable

Schools

2/10
5/10
3/10
Manassas High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1993

Materials

  • Construction materials: Brick Veneer

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Disposal,Double Oven,Gas Cooktop,Microwave
  • Laundry features: Laundry Room

Bedroom2

  • Area: 156

Bedroom3

  • Area: 156

Bedroom4

  • Area: 195

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 5

Dining Room

  • Features: Separate Dining Room
  • Area: 170

Features

  • 1 or More BR Down,Double Vanity Bath,Full Bath Down,Luxury Primary Bath,Separate Tub & Shower,Cable Wired,Walk-In Closet(s),1 Bath,3rd Bedroom,Breakfast Room,Dining Room,Kitchen,Living Room,Other (See REMARKS),2 or More Baths,2nd Bedroom,3rd Bedroom,4th or More Bedrooms,Primary Bedroom,Square Feet Source: Owner
  • Window features: Window Treatments
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: In Den/Great Room
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 3,250 sqft

Kitchen

  • Features: Breakfast Bar,Eat-in Kitchen,Pantry,Updated/Renovated Kitchen
  • Area: 168

Living Room

  • Features: Separate Living Room
  • Area: 270

Master Bathroom

  • Features: Double Vanity,Separate Shower,Smooth Ceiling,Tile Floor

Master Bedroom

  • Features: Hardwood Floor,Smooth Ceiling,Walk-In Closet(s)
  • Level: Second
  • Area: 300

Property

Details

  • Parcel number: 069077 A00005

Features

  • Stories: 3
  • Pool features: None
  • Patio & porch: Porch,Covered Patio

Lot

  • Lot size: 5,662 sqft
  • Features: Level,Professionally Landscaped
  • Lot size dimensions: 38 x 150

Parking

  • Total spaces: 2
  • Parking features: Garage Faces Rear,Storage
  • Has garage: Yes
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High

How This Home’s Risks Compare

Cold Wave
Earthquake
Heat Wave
Inland Flooding
Tornado

FEMA Declared Disasters Across Tennessee Counties

Flood
Freezing
Severe Ice Storm
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,525$54,300
Home Insurance $635$7,620
Property Taxes $723$8,676
Electricity $264$3,168
Total$6,147$73,764

Income You'd Need if You Spent...

35% on housing$210,754/yr
40% on housing$184,410/yr
45% on housing$163,920/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.5%
6.5%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$275This listing

vs Other Active Listings

Avg $/sqft

ZIP 38103$185
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38103$206
Shelby County$132

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-13Price change$895,000
2026-02-12Listed for sale$915,000
2022-02-08Sold$800,000
2022-01-12Contingent$875,000
2021-12-17Listed for sale$875,000
2017-12-27Sold$575,000
2017-09-21Listed for sale$598,500
2004-08-02Sold$545,000

For Sale by Agent

AgentRichard Travers
BrokerageCrye-Leike, Inc., REALTORS

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