new - 16 hours on rocket

506 Gerald Rd, Memphis, TN, 38122

$235,000

Home List Price

$2,791*

Closing Credit

2 Bedrooms
1 Full Bath
House

Location

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506 Gerald Rd, Memphis$235,000

Buyer Closing Credits

$2,791*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad, Carport
Year Built1950
HeatingCentral
CoolingCentral Air
MLS #10185520
Lot Size0.26 Acres
StatusActive

About 506 Gerald Rd

Charming Brick Home in High Point Terrace! This beautifully updated residence features a freshly painted interior, modern kitchen with stove, dishwasher, microwave, and refrigerator (all appliances remain, including washer and dryer!). Enjoy stylish light fixtures, an updated bathroom vanity, and energy-efficient windows throughout. The home boasts a tankless water heater and refinished hardwood flooring. Step outside to a spacious backyard with a storage building and covered carport. Located in the heart of Memphis, close to shopping, dining, and parks. Don’t miss your chance to make this adorable property your own!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1950
  • Stories: 1

Listing Office:

  • Office Name: eXp Realty, LLC

Interior Features

Interior Information:

  • Appliances: Range, Oven, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Flooring Type: Hardwood Throughout, Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Porch, Wood Fence

Parking Information:

  • Parking: Driveway/Pad, Carport

Lot Features

Lot Information:

  • Lot: Few Trees, Level, Fencing
  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Head west on Summer Ave Turn left onto Vaughn Rd Turn right at the 2nd cross street onto Philwood Ave Turn right at the 1st cross street onto Gerald Rd Destination will be on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $235,000

Tax Information:

  • Annual Amount: $2,887
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Memphis, TN.

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Memphis, TN

City

Med. Sold Price

$190.4K

# of Sold Homes

409

506 Gerald Rd vs Memphis

1 DAY ON ROCKET

$235,000

+$44.5K More

KEY TAKEAWAY

This property is $44.5K more than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10185520

Listing Office:

  • Office Name: eXp Realty, LLC

Copyright© 2024 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: 11/21/2024, 3:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 31, 2001Home Sold
$87,500

Tax History

YEARPROP. TAXASSESSMENT
2021$2,887$39,875
2020$1,648$22,750
2019$1,648$22,750
2018$935$22,750
2017$947$22,750

History based on county public records data.

Payment Calculator

$1,240

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$771

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-174930
6
/10

  • Grahamwood Elementary School

  • 3950 Summer Ave

  • 0.43 miles

  • Public Magnet Grades PK-5

school-card-donut-174931
4
/10

  • Berclair Elementary School

  • 810 N Perkins Rd

  • 1.05 miles

  • Public District Grades PK-5

school-card-donut-174932
5
/10

  • Memphis Business Academy Elementary School

  • 1082 Berclair Rd

  • 1.30 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,319. Typical income of Memphis, TN residents is less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Memphis, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Memphis, TN.

Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.

What is it like to live in Memphis, TN?

Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.

Is it easy to get around Memphis, TN without a car?

The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.

Transportation in Memphis, TN.

Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.

Frequently Asked Questions About 506 Gerald Rd

What is the listing price of this property?

The listing price of 506 Gerald Rd property is $235,000.

What type of property is this?

The property 506 Gerald Rd is a house located in Memphis, Tennessee, 38122.

Is this property for sale now?

Active Listing: 506 Gerald Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,887 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 31, 2001 for $87,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 506 Gerald Rd has 2 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 506 Gerald Rd is 1950.

Rocket Homes›Tennessee›Shelby County›Memphis›38122›506 Gerald Rd

This home is located at 506 Gerald Rd in Memphis, TN and zip code 38122. This home, which was built in 1950, sits on a 0.26 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $235,000.

Memphis, TN housing market in October 2024 saw over 53 listings sold above listed price, more than 103 sold at listed price and over 252 sold below. Between September 2024 and October 2024, Memphis, TN real estate market has seen increase in the number of listings by 22.4%.

From Rocket Homes Real Estate and based on county public records data.

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