For sale

Price cut: $15K (1/16)

$250,000

501 Gerald Rd, Memphis, TN 38122

3beds

1,907sqft

Est.:

Single Family Residence

Built in 1950

0.28 Acres Lot

$246,200 Zestimate^®

$131/sqft

$-- HOA

What's special

Open floor planSeparate laundry roomTons of closet spaceSmooth ceilingsEnergy-efficient windows

Excellent buy in sought-after Highpoint Terrace! You’ll love the open floor plan, rich hardwood floors throughout the living areas, smooth ceilings, and multiple spaces to gather or unwind. The primary bedroom suite is huge, offering plenty of space to retreat and relax. The separate laundry room + tons of closet space are coveted features for this era of home! The roof has been newly replaced and energy-efficient windows installed! The fridge, stove, washer, and dryer will convey with the home. Nestled on a quiet street, this home is close to everything—local restaurants, shopping, the University of Memphis, and easy access to main roads. A great find in one of Memphis’s most desirable neighborhoods! Move-in ready!

152 days

575

39

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Features: Carpet, Sitting Area, Smooth Ceiling, Walk-In Closet(s)
Level: First
Area: 364
Dimensions: 14 x 26

Bedroom 2

Features: Carpet, Shared Bath, Smooth Ceiling
Level: First
Area: 144
Dimensions: 12 x 12

Bedroom 3

Features: Carpet, Shared Bath, Smooth Ceiling
Level: First
Area: 120
Dimensions: 10 x 12

Primary bathroom

Features: Double Vanity, Smooth Ceiling, Full Bath

Dining room

Area: 108
Dimensions: 12 x 9

Kitchen

Features: Breakfast Bar, Separate Breakfast Room, Pantry, Washer/Dryer Connections
Area: 96
Dimensions: 12 x 8

Living room

Features: Separate Living Room, Separate Den, LR/DR Combination
Area: 192
Dimensions: 12 x 16

Den

Area: 208
Dimensions: 13 x 16

Heating

Central

Cooling

Central Air

Appliances

Included: Electric Water Heater, Range/Oven, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Laundry: Laundry Room

Features

All Bedrooms Down, 1 or More BR Down, Primary Down, Split Bedroom Plan, Double Vanity Bath, Full Bath Down, Smooth Ceiling, Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room, Breakfast Room, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Carpet, Part Hardwood, Tile, Vinyl
Windows: Aluminum Frames, Window Treatments
Basement: Crawl Space
Has fireplace: No

Interior area

Total interior livable area: 1,907 sqft

Property

Parking

Total spaces: 2
Parking features: Storage, Workshop in Garage
Covered spaces: 2

Features

Stories: 1
Patio & porch: Patio, Covered Patio
Pool features: None
Fencing: Wood,Wood Fence

Lot

Size: 0.28 Acres
Dimensions: 50 x 158
Features: Level

Details

Additional structures: Storage
Parcel number: 055001 00034

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Brick Veneer, Aluminum/Steel Siding, Vinyl Siding
Roof: Composition Shingles

Condition

New construction: No
Year built: 1950

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Security System, Monitored Alarm, Burglar Alarm, Monitored Alarm System
Subdivision: Stephen First Addition

Location

Region: Memphis

Financial & listing details

Price per square foot: $131/sqft
Tax assessed value: $249,000
Annual tax amount: $3,949
Price range: $250K - $250K
Date on market: 11/5/2025
Cumulative days on market: 153 days

Estimated market value

$246,200

$234,000 - $259,000

$1,694/mo

Price history

Date	Event	Price
1/16/2026	Price change	$250,000-5.7%$131/sqft
Source: MAAR #10209135 Report a problem
11/5/2025	Listed for sale	$265,000-1.8%$139/sqft
Source: MAAR #10209135 Report a problem
9/11/2025	Listing removed	$269,900$142/sqft
Source: MAAR #10191757 Report a problem
6/17/2025	Price change	$269,900-3.6%$142/sqft
Source: MAAR #10191757 Report a problem
4/7/2025	Listed for sale	$279,900$147/sqft
Source: MAAR #10191757 Report a problem
3/31/2025	Pending sale	$279,900$147/sqft
Source: MAAR #10191757 Report a problem
3/11/2025	Listed for sale	$279,900+178.5%$147/sqft
Source: MAAR #10191757 Report a problem
3/28/2011	Sold	$100,500-15.5%$53/sqft
Source: Public Record Report a problem
3/5/2011	Listed for sale	$119,000$62/sqft
Source: Crye-Leike #3205482 Report a problem
3/3/2011	Pending sale	$119,000$62/sqft
Source: Crye-Leike #3205482 Report a problem
2/2/2011	Listed for sale	$119,000+205.1%$62/sqft
Source: Crye-Leike #3205482 Report a problem
10/19/2009	Sold	$39,000$20/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,281 -16.9%	$62,250 +3.8%
2024	$3,950 +8.1%	$59,975
2023	$3,653	$59,975
2022	--	$59,975
2021	--	$59,975 +116.7%
2020	$885	$27,675
2019	$885 -21.1%	$27,675
2018	$1,121 -45.1%	$27,675
2017	$2,043 +121.5%	$27,675 +2%
2016	$922 +15.1%	$27,125
2014	$801	$27,125
2013	--	$27,125 +8%
2012	--	$25,125
2011	--	$25,125 -34.7%
2010	--	$38,450
2009	--	$38,450 +28%
2008	--	$30,050
2007	--	$30,050
2006	--	$30,050
2005	--	$30,050 +26.1%
2004	--	$23,825
2003	--	$23,825
2002	--	$23,825 -13.8%
2001	--	$27,650 +29.7%
2000	--	$21,325