NOT LISTED FOR SALE

502 Gerald Rd Memphis, TN 38122

Audubon Park Neighborhood

Estimated Value: $242,000 - $285,000

3 Beds
1 Bath
1,400-1,599 Sq Ft
$164/Sq Ft Est. Value

Last Sold December 08, 2019

Last sale price $185,000 $116 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,553/month

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Separate Formal Living Room
  • White Station Middle Rated A-
  • Attic
  • Den

About This Home

As of December 2019

Ready for you to call home! Super cute home in high point. Beautiful, refinished real hardwood floors. New carpet, New appliances, cabinets, trim, countertops, paint. Separate laundry room! WOW! Move in ready! Brand new HVAC. Rare 1 car garage! Very nice backyard. Close to dining, shopping and entertainment.

Last Agent to Sell the Property

Brian Lurie

Crye-Leike, Inc., REALTORS License #325936 Listed on: 10/17/2019

Crye-Leike, Inc., REALTORS

Last Buyer's Agent

Audra Ferguson

Crye-Leike, Inc., REALTORS License #336678

Crye-Leike, Inc., REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,827

Year Built

  • Built in 1950

Lot Details

  • 9,148 Sq Ft Lot
  • Landscaped
  • Level Lot
  • Few Trees

Home Design

  • Traditional Architecture
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,415 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Window Treatments
  • Separate Formal Living Room
  • Dining Room
  • Den
  • Storage Room
  • Attic

Kitchen

  • Oven or Range
  • Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • 1 Car Detached Garage
  • Front Facing Garage
  • Driveway

Outdoor Features

  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Stephen First Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055027 00015

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,827

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 755A
  • MAAR Subdivision Name: HIGH POINT TERRACE
  • List Price Per Sq Ft: 138
  • Number Of Stories: 1
  • Price Per Sq Ft: 130.74
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1415
  • 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, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1, Shared Bath, Hardwood Floor
  • Bedroom 3 Description: Level 1, Shared Bath, Tile Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Microwave, Cable Wired, Cable Available
  • Living Dining Kitchen: Separate Living Room, Washer/Dryer Connections
  • Misc Interior: All Window Treatments
  • Other Rooms: Laundry Room, Attic, Storage Room
  • Total Bathrooms: 1
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Hardwood Floor

Exterior Features

  • Misc Exterior: Storage
  • Exterior Windows: Brick Veneer, Wood/Composition
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 1
  • Parking Display: G1D
  • Parking Storage: Driveway/Pad, Front-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level, Landscaped
  • Lot Number: 64
  • Acreage: 0.21
  • Lot Size: .21 acres
  • Price Per Acre: 928095

Multi Family

  • Number Of Rooms: 7

Tax Info

  • Assessor Parcel Number: 055027 00015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2019
Closed on
Dec 5, 2019
Sold by
Goering Carol Ann and Goering Revocable Living Trust
Bought by
King Jason Michael and Jackson Gabrielle La Faye
Seller's Agent
Brian Lurie
Crye-Leike, Inc., REALTORS
Buyer's Agent
Audra Ferguson
Crye-Leike, Inc., REALTORS
List Price
$199,900
Sold Price
$185,000
Premium/Discount to List
-$14,900
-7.45%
Current Estimated Value
$263,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,029
Avg. Annual Appreciation
6.20%
Original Mortgage
$111,000
Interest Rate
3.6%

Purchase Details

Closed on
Sep 18, 2015
Sold by
Goering William L and Goering Carol Ann
Bought by
Goering Revocable Living Trust

Purchase Details

Closed on
Aug 31, 2015
Sold by
Goering Carol Ann and Smith Carol
Bought by
Goering William L and Goering Carol Ann

Purchase Details

Closed on
May 19, 2003
Sold by
Bratton Shirley Dougan and Phillips Neta Dougan
Bought by
Smith Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
King Jason Michael $185,000 Southern Trust Title Co
Goering Revocable Living Trust -- Attorney
Goering William L -- Attorney
Smith Carol $92,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Jason King $117,240
Closed King Jason Michael $111,000
Previous Owner Smith Carol $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2019 12/08/19 Sold $185,000 -5.1% $132 / Sq Ft
10/28/2019 10/28/19 Price Changed $194,900 -2.5% $139 / Sq Ft
10/17/2019 10/17/19 For Sale $199,900 -- $143 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

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 $1,827 $62,225 $12,075 $50,150
2024 $1,827 $53,900 $8,050 $45,850
2023 $3,283 $53,900 $8,050 $45,850
2022 $3,283 $53,900 $8,050 $45,850
2021 $1,860 $53,900 $8,050 $45,850
2020 $2,101 $29,000 $8,050 $20,950
2019 $927 $29,000 $8,050 $20,950
2018 $927 $29,000 $8,050 $20,950
2017 $949 $29,000 $8,050 $20,950
2016 $1,219 $27,900 $0 $0
2014 $1,219 $27,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Lurie

    Seller's Agent in 2019

    Brian Lurie

    Crye-Leike

    (901) 315-2298

    13 in this area

    145 Total Sales

    Brian Lurie
    Section Image
  • Audra Ferguson

    Buyer's Agent in 2019

    Audra Ferguson

    Crye-Leike

    (901) 277-7148

    32 Total Sales

    Audra Ferguson
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10064233

Memphis Area Association of REALTORS®

APN: 05-5027-0-0015

Tennessee Shelby County Memphis 38122 Audubon Park

502 Gerald Rd, Memphis, TN

This home is located at 502 Gerald Rd, Memphis, TN 38122 since 17 October 2019 and is currently estimated at $263,029, approximately $164 per square foot. This property was built in 1950. 502 Gerald Rd is a home located in Shelby County with nearby schools including Grahamwood Elementary School, White Station Middle, and White Station High.

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