NOT LISTED FOR SALE

505 Gerald Rd Memphis, TN 38122

Audubon Park Neighborhood

Estimated Value: $240,000 - $302,460

3 Beds
2 Baths
1,400-1,599 Sq Ft
$175/Sq Ft Est. Value

Last Sold March 29, 2023

Last sale price $291,000 $182 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,654/month

39 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Separate Formal Living Room
  • White Station Middle Rated A-
  • Whirlpool Bathtub
  • Mud Room

About This Home

As of March 2023

High Point Terrace Hotty!! This gem offers everything one could possibly want in a home. From close proximity to Grahamwood Elementary and the "Green Line", to the endless outdoor space for entertaining. Don't pass up on this opportunity to reside in the extremely sought after High Point Terrace community. Having a luxury whirlpool tub in the primary bathroom doesn't hurt either... Get in touch with your Realtor today before it is gone! Virtual tour available upon request.

Last Agent to Sell the Property

Dylan Johnson

901, REALTORS License #357650 Listed on: 02/11/2023

901, REALTORS

Last Buyer's Agent

Michelle Moore

Moore Realty Experts License #259880

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,738

Year Built

  • Built in 1950

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 64x49
  • Dog Run
  • Landscaped
  • Few Trees

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,460 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Mud Room
  • Entrance Foyer
  • Separate Formal Living Room
  • Breakfast Room
  • Dining Room
  • Home Office
  • Storage Room
  • Permanent Attic Stairs

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Courtyard
  • Outdoor Storage

Location

  • Ground Level

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Gas Water Heater

Community Details

  • Stephen First Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055001 00033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,738

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat
  • Detached Unit Type: General Residential
  • MLS Map #: 755A
  • MAAR Subdivision Name: HIGH POINT TERRACE
  • List Price Per Sq Ft: 192
  • Number Of Stories: 1
  • Price Per Sq Ft: 199.32
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1460
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily
  • 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, Office
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Luxury Primary Bath, Whirlpool(s)
  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Description: Level 1, Walk-In Closet, Hardwood Floor
  • Bedroom 3 Description: Level 1, Walk-In Closet, Hardwood Floor
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Hardwood Throughout, Part Hardwood, Tile, Vinyl Floor
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Breakfast Room, Pantry, Washer/Dryer Connections
  • Misc Interior: Walk-In Closet(s), Permanent Attic Stairs, Mud Room, Vent Hood/Exhaust Fan
  • Other Rooms: Laundry Closet, Office/Sewing Room, Entry Hall
  • Total Bathrooms: 2
  • Primary Bathroom Description: Whirlpool Tub, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Hardwood Floor

Exterior Features

  • Misc Exterior: Storage Building, Courtyard, Well Landscaped Grounds, Pet Area, Sidewalks
  • Exterior Windows: Wood/Composition
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad, Storage Room(s), Garage Door Opener(s), Side-Load Garage

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Gas Water Heater

Lot Info

  • Lot Description: Some Trees, Landscaped
  • Lot Number: 81
  • Acreage: 0.22
  • Lot Size: 64X49
  • Price Per Acre: 1272277

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 055001 00033

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2023
Closed on
Mar 29, 2023
Sold by
Alqawasmi Waheed
Bought by
Thornton Karen
Seller's Agent
Dylan Johnson
901, REALTORS
Buyer's Agent
Michelle Moore
Moore Realty Experts
List Price
$279,901
Sold Price
$291,000
Premium/Discount to List
$11,099
3.97%
Views
78
Current Estimated Value
$279,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,885
Avg. Annual Appreciation
-2.21%
Original Mortgage
$290,998
Interest Rate
4%
Mortgage Type
VA

Purchase Details

Closed on
Jun 27, 2011
Sold by
Chappell Todd and Chappell Keri
Bought by
Alqawasmi Waheed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,189
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 17, 2003
Sold by
Tasipit Evangeline R
Bought by
Chappell Todd and Chappell Keri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,184
Interest Rate
6%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 5, 1999
Sold by
Cloar F Thomas
Bought by
Tasipit Evangeline R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,742
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 12, 1994
Bought by
Thomas Cloar F
Source: Public Records

Range of Values:

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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
Thornton Karen $291,000 --
Alqawasmi Waheed $106,900 None Available
Chappell Todd $104,000 Memphis Title Company
Tasipit Evangeline R $98,800 --
Thomas Cloar F $70,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thornton Karen $294,280
Closed Thornton Karen $290,998
Previous Owner Waheed Alqawaasami $77,300
Previous Owner Alqawasmi Waheed $104,189
Previous Owner Chappell Todd $103,184
Previous Owner Tasipit Evangeline R $98,742
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2023 03/29/23 Sold $291,000 +4.0% $208 / Sq Ft
02/11/2023 02/11/23 For Sale $279,901 -- $200 / 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 $1,738 $72,800 $12,075 $60,725
2024 $1,738 $51,275 $8,050 $43,225
2023 $3,123 $51,275 $8,050 $43,225
2022 $3,123 $51,275 $8,050 $43,225
2021 $3,160 $51,275 $8,050 $43,225
2020 $2,110 $29,125 $8,050 $21,075
2019 $2,110 $29,125 $8,050 $21,075
2018 $2,110 $29,125 $8,050 $21,075
2017 $1,197 $29,125 $8,050 $21,075
2016 $1,196 $27,375 $0 $0
2014 $1,196 $27,375 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dylan Johnson

    Seller's Agent in 2023

    Dylan Johnson

    901, REALTORS

    (209) 681-7797

    8 in this area

    98 Total Sales

    Dylan Johnson
    Section Image

  • M

    Buyer's Agent in 2023

    Michelle Moore

    Moore Realty Experts

    (901) 453-9304

    2 in this area

    52 Total Sales

    Michelle Moore
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10141880

Memphis Area Association of REALTORS®

APN: 05-5001-0-0033

Tennessee Shelby County Memphis 38122 Audubon Park

505 Gerald Rd, Memphis, TN

This home is located at 505 Gerald Rd, Memphis, TN 38122 since 11 February 2023 and is currently estimated at $279,115, approximately $174 per square foot. This property was built in 1950. 505 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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