$250,000
$15K PRICE DROP

501 Gerald Rd Memphis, TN 38122

East Memphis Neighborhood

Estimated payment $1,585/month

Total Views 10,380
3 Beds
2 Baths
1,907 Sq Ft
$131 Price per Sq Ft

Highlights

  • Sitting Area In Primary Bedroom
  • Traditional Architecture
  • Den
  • White Station Middle Rated A-
  • Wood Flooring
  • Covered Patio or Porch

About This Home

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!

Listing Agent

Chad Woelke

Heritage Homes Co. License #370261 Listed on: 11/04/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 12,197 Sq Ft Lot
  • Lot Dimensions are 50x158
  • Wood Fence
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Composition Shingle Roof
  • Vinyl Siding
  • Pier And Beam

Interior Spaces

  • 1,907 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Vinyl Clad Windows
  • Window Treatments
  • Aluminum Window Frames
  • Breakfast Room
  • Den
  • Storage Room
  • Monitored

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Workshop in Garage

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Stephen First Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055001 00034

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0.28 Acres

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: HIGH POINT TERRACE
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1907
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room, Breakfast Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Split Bedroom Plan, Double Vanity Bath, Full Bath Down
  • Bedroom 2 Description: Level 1, Shared Bath, Smooth Ceiling, Carpet
  • Bedroom 3 Description: Level 1, Shared Bath, Smooth Ceiling, Carpet
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wall to Wall Carpet, Part Hardwood, Tile, Vinyl/Luxury Vinyl Floor, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Living Dining Kitchen: Separate Living Room, Separate Den, LR/DR Combination, Breakfast Bar, Separate Breakfast Room, Pantry, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Security System, Monitored Alarm
  • Primary Bathroom Description: Double Sinks, Smooth Ceiling, Vinyl/Luxury Vinyl Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Sitting Area, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Storage Building, Patio, Covered Patio, Wood Fence
  • Exterior Windows: Brick Veneer, Aluminum/Steel Siding, Vinyl Siding, Aluminum Window(s), Vinyl Windows
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: C2D
  • Parking Storage: Storage Room(s), Workshop(s)

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Burglar Alarm, Monitored Alarm System
  • Water Sewer: Electric Water Heater, Public Water, Public Sewer

Lot Info

  • Lot Description: Level, Wood Fenced
  • Lot Number: 80
  • Acreage: 0.28
  • Lot Size: 50X158
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 055001 00034

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $62,250 $12,075 $50,175
2024 -- $59,975 $8,050 $51,925
2023 $3,653 $59,975 $8,050 $51,925
2022 $3,653 $59,975 $8,050 $51,925
2021 $3,696 $59,975 $8,050 $51,925
2020 $2,005 $27,675 $8,050 $19,625
2019 $2,005 $27,675 $8,050 $19,625
2018 $2,005 $27,675 $8,050 $19,625
2017 $1,137 $27,675 $8,050 $19,625
2016 $1,185 $27,125 $0 $0
2014 $1,185 $27,125 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2026 01/16/26 Price Changed $250,000 -5.7% $131 / Sq Ft
11/04/2025 11/04/25 For Sale $265,000 -- $139 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $100,500 Multiple
Warranty Deed $39,000 Realty Title
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10209135

Memphis Area Association of REALTORS®

APN: 05-5001-0-0034

Tennessee Shelby County Memphis 38122 East Memphis

501 Gerald Rd, Memphis, TN

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Chad Woelke
Listing Agent
Chad Woelke
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Heritage Homes Co.
(901) 716-8937
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