Sold for $230,000

$230,000

506 Gerald Rd, Memphis, TN 38122

2beds

941sqft

Single Family Residence

Built in 1950

0.26 Acres Lot

$225,100 Zestimate^®

$244/sqft

$1,227 Estimated rent

Home value

$225,100

$209,000 - $243,000

$1,227/mo

Zestimate^® history

Owner options

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$1,227/mo

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$1,227/mo

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$1,520/mo

Est. payment

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$1,520/mo

Est. payment

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What's special

Refinished hardwood flooringUpdated bathroom vanityStylish light fixturesStorage buildingFreshly painted interiorSpacious backyardModern kitchen

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!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Features: Hardwood Floor
Level: First
Area: 140
Dimensions: 10 x 14

Bedroom 2

Features: Hardwood Floor
Level: First
Area: 110
Dimensions: 10 x 11

Primary bathroom

Features: Tile Floor

Dining room

Features: Separate Dining Room
Area: 80
Dimensions: 8 x 10

Kitchen

Features: W/D Connection in Kitchen
Area: 90
Dimensions: 9 x 10

Living room

Features: Separate Living Room
Area: 240
Dimensions: 12 x 20

Den

Width: 0

Heating

Central

Cooling

Central Air

Appliances

Included: Range/Oven, Dishwasher, Microwave, Refrigerator, Washer, Dryer

Features

All Bedrooms Down, Primary Down, Full Bath Down
Flooring: Hardwood, Tile
Has fireplace: No

Interior area

Total interior livable area: 941 sqft

Property

Parking

Total spaces: 1
Parking features: Driveway/Pad
Covered spaces: 1
Has uncovered spaces: Yes

Features

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

Lot

Size: 0.26 Acres
Dimensions: 58 x 198
Features: Some Trees, Level

Details

Parcel number: 055027 00016

Construction

Type & style

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

Materials

Brick Veneer

Condition

New construction: No
Year built: 1950

Community & HOA

Community

Subdivision: Stephen First Addition

Location

Region: Memphis

Financial & listing details

Price per square foot: $244/sqft
Tax assessed value: $221,100
Annual tax amount: $2,429
Price range: $230K - $230K
Date on market: 11/20/2024
Cumulative days on market: 16 days

Price history

Date	Event	Price
1/2/2025	Sold	$230,000-2.1%$244/sqft
Source: MAAR #10185520 Report a problem
12/2/2024	Pending sale	$235,000$250/sqft
Source: MAAR #10185520 Report a problem
11/20/2024	Listed for sale	$235,000+6.8%$250/sqft
Source: MAAR #10185520 Report a problem
4/14/2022	Sold	$220,000-4.3%$234/sqft
Source: MAAR #10118820 Report a problem
3/16/2022	Contingent	$230,000$244/sqft
Source: MAAR #10118820 Report a problem
3/4/2022	Listed for sale	$230,000+162.9%$244/sqft
Source: MAAR #10118820 Report a problem
5/31/2001	Sold	$87,500+53.2%$93/sqft
Source: Public Record Report a problem
10/18/1994	Sold	$57,128$61/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,913 +10.9%	$55,275 +38.6%
2024	$2,626 +8.1%	$39,875
2023	$2,429	$39,875
2022	--	$39,875
2021	--	$39,875 +75.3%
2020	$727	$22,750
2019	$727 -21.1%	$22,750
2018	$921 -45.1%	$22,750
2017	$1,679 +127.9%	$22,750 +5%
2016	$737 -15.6%	$21,675
2014	$873	$21,675
2013	--	$21,675 -20.8%
2012	--	$27,375
2011	--	$27,375
2010	--	$27,375
2009	--	$27,375 +39.1%
2008	--	$19,675
2007	--	$19,675
2006	--	$19,675
2005	--	$19,675 +6.9%
2004	--	$18,400
2003	--	$18,400
2002	--	$18,400
2001	--	$18,400 +25.4%
2000	--	$14,675