Tour
#10196915, Listing office: REMAX Experts
Property details
About 120 Founders Ln
Beautiful DOWNTOWN NEW OWNER LOCATION, PERFECT WITH 3RD FLOOR TERRACE FIEW- SEE COLOR BROCHURE-3 CAR GARAGE AMPLE PARKING 3 STORY BUILDING CLOSE TO FAMOUS BEALE ST & OTHER DOWNTOWN ATTRACTIONS THIS IS A MUST SEE Dynamic LOCATION In ground POOL, LARGE PATIO AREA FOR GATHERINGS, EXERCISE ROOM, LARGE THEATRE ROOM THE PERFECT LOCATION FOR ENTERTAINING. MEMPHIS DOWNTOWN REAL ESTATE IS IN HIGH DEMAND...DON'T HASITATE AND MISS THIS GRAND REAL ESTATE LOCATION. HAS 4 PRIVATE SLEEPING ROOMS, 6 BATHS
Highlights
Home typeSingle Family Residence
HeatingCentral, Multi Unit(s)
StatusActive
CoolingCentral Air, Multi Unit(s)
Lot size0.47 Acres
Year built2005
ParkingDriveway/Pad,Garage Door Opener(s),Side-Load Garage,Other (See REMARKS)
MLS #10198557
WaterfrontWater Access
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 5
- Flooring Type: Part Hardwood, Part Carpet, Concrete Floor, Smooth Ceiling, Two Story Foyer, Other (See REMARKS)
- Total Bedroom Count: 4
- Parking: Driveway/Pad,Garage Door Opener(s),Side-Load Garage,Other (See REMARKS)
- Waterfront: Water Access
- Exterior: Wrought Iron Security Drs, Auto Lawn Sprinkler, Pool Cleaning Equipment, Pool Heater, Balcony, Well Landscaped Grounds, Brick or Stone Fence, Sidewalks
- Architectural Style: Contemporary
- Heating: Central, Multi Unit(s)
- Cooling: Central Air, Multi Unit(s)
- List Price: $1,395,000
- HOA Amount: $1000 Annually
- Annual Tax Amount: $18,183
- Tax Year: 2024
- Lot: Few Trees, Level, Landscaped, Fencing
- Directions: USE GPS
- Year Built: 2005
- Stories: 2
- Lot Size: 0.47 Acres
- MLS Number: 10198557
- Office Name: Germantown Luxury Homes, LLC
Copyright© 2025 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: 7/9/2025, 11:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 14, 2012 | Home Sold | $875,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $298,500 | $18,183 |
| 2023 | $298,500 | $18,183 |
| 2022 | $298,500 | $18,396 |
| 2021 | $298,500 | $18,396 |
| 2020 | $267,550 | $19,386 |
| 2019 | $267,550 | $19,386 |
| 2018 | $267,550 | $10,996 |
| 2017 | $267,550 | $9,635 |
History based on county public records data.
Nearby schools
3
Memphis Scholars Florida-Kansas (ASD)
Public Charter PK-5
1.2 mi
•90 W Olive Ave
3
A. B. Hill Elementary School
Public District PK-5
1.6 mi
•345 E Olive Ave
3
Downtown Elementary School
Public Magnet PK-5
1.7 mi
•10 N 4th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $85,102. Typical income of Memphis, TN residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
9%
<35k
53%
35k-100k
28%
100k-200k
10%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
71%
Single, No Kids
2%
Single, with Kids
23%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
1%
12-17 yrs old
37%
18-34 yrs old
50%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Yoga/pilates
Major League Soccer (MLS)
Where do the neighbors shop?
New York & Company
H&M
Banana Republic
Where do the neighbors go to eat?
Qdoba
Dominos Pizza
Sonic
What do the neighbors drive?
Infiniti
Audi
BMW
What do the neighbors listen to?
Active Rock
Alternative
Urban Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 120 Founders Ln
The listing price of 120 Founders Ln property is $1,395,000.
The property 120 Founders Ln is a house located in Memphis, Tennessee, 38103.
Active Listing: 120 Founders Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 120 Founders Ln are: Memphis Scholars Florida-Kansas (ASD) (GreatSchools Rating 3/10), A. B. Hill Elementary School (GreatSchools Rating 3/10), Downtown Elementary School (GreatSchools Rating 3/10), Ida B. Wells Academy Elementary School/Middle School (GreatSchools Rating 2/10), Memphis Grizzlies Preparatory Charter School (GreatSchools Rating 5/10), City University School Girls Preparatory (GreatSchools Rating 5/10), Booker T. Washington High School (GreatSchools Rating 3/10), Carver College and Career Academy (GreatSchools Rating 1/10), Hollis F. Price Middle College (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $18,183 (source: MLS/based on county public records data).
The last sale was on August 14, 2012 for $875,000 (source: MLS/tax record).
The property at 120 Founders Ln has 4 bedrooms and 5 full and 1 half bathrooms.
The year of construction for 120 Founders Ln is 2005.
This home is located at 120 Founders Ln in Memphis, TN and zip code 38103 in the Downtown neighborhood. Features: 4 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 9, 2025 and is currently priced at $1,395,000.
In June 2025 more than 73 listings in Memphis, TN were sold above the asking price. During the same period more than 107 listings were sold at asking price, while more than 219 were sold below. The inventory of homes for sale in Memphis, TN between May and June 2025 increased by 11.9%. In June 2025, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $224,900.
From Rocket Homes Real Estate and based on county public records data.