OFFERING $10,000 IN SELLER-PAID CLOSING COSTS! 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!
For sale
$250,000
501 Gerald Rd, Memphis, TN 38122
3beds
1,907sqft
Est.:
Single Family Residence
Built in 1950
0.28 Acres Lot
$239,700 Zestimate®
$131/sqft
$-- HOA
What's special
Open floor planSeparate laundry roomTons of closet spaceSmooth ceilingsEnergy-efficient windows
- 197 days |
- 241 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Chad R Woelke,
Heritage Homes Co. 901-755-2000
Source: MAAR,MLS#: 10209135
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, Pantry, Separate Breakfast Room, Washer/Dryer Connections
- Area: 96
- Dimensions: 12 x 8
Living room
- Features: LR/DR Combination, Separate Den, Separate Living Room
- Area: 192
- Dimensions: 12 x 16
Den
- Area: 208
- Dimensions: 13 x 16
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
- Laundry: Laundry Room
Features
- 1 or More BR Down, All Bedrooms Down, Double Vanity Bath, Full Bath Down, Primary Down, Split Bedroom Plan, Smooth Ceiling, 2 or More Baths, 2nd Bedroom, 3rd Bedroom, Breakfast Room, Den/Great Room, Dining Room, Kitchen, Laundry Room, Living Room, Primary Bedroom, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Part Hardwood, Tile, Vinyl, Carpet
- 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
- Aluminum/Steel Siding, Brick Veneer, Vinyl Siding
- Roof: Composition Shingles
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Monitored Alarm, Security System, 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: 198 days
Estimated market value
$239,700
$228,000 - $252,000
$1,744/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 | -- | $21,325 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: East Memphis-Colonial-Yorkshire
Nearby schools
GreatSchools rating
- 7/10Grahamwood Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 7/10White Station Middle SchoolGrades: 6-8Distance: 2.5 mi
- 8/10White Station High SchoolGrades: 9-12Distance: 2.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
Nearby cities
Nearby neighborhoods
- Cordova-Appling Real estate
- Downtown Real estate
- East Memphis-Colonial-Yorkshire Real estate
- Hickory Ridge-South Riverdale Real estate
- Midtown Real estate
- Parkway Village-Oakhaven Real estate
- Raleigh Real estate
- River Oaks-Kirby-Balmoral Real estate
- Shelby Forest-Frayser Real estate
- White Haven-Coro Lake Real estate
Nearby zip codes
Other Memphis Topics
