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For sale
    • $250,000

    501 Gerald Rd, Memphis, TN 38122

    3beds
    1,907sqft
    : 
    $1,641/mo
    Get pre-qualified
    Single Family Residence
    Built in 1950
    0.28 Acres Lot
    $244,400 Zestimate®
    $131/sqft
    $-- HOA

    What's special

    Open floor planSeparate laundry roomTons of closet spaceSmooth ceilingsEnergy-efficient windows
    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!
    268 days
    |
    248
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Chad R Woelke,

    Heritage Homes Co. 901-755-2000

    Source: MAAR,MLS#: 10209135MLS Logo

      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: 269 days

        Estimated market value

        $244,400

        $232,000 - $257,000

        $2,036/mo

        Price history

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

        Public tax history

        YearProperty taxesTax 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

        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.
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        Climate risks

        Neighborhood: East Memphis-Colonial-Yorkshire

        Getting around

        56 / 100
        Somewhat Walkable
        22 / 100
        Minimal Transit
        40 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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