512 Mcelroy Rd Memphis, TN 38120
Audubon Park NeighborhoodEstimated payment $3,067/month
Total Views
41,564
6
Beds
4
Baths
3,800-3,999
Sq Ft
$125
Price per Sq Ft
Highlights
- Traditional Architecture
- Wood Flooring
- Bonus Room
- Richland Elementary School Rated A-
- Main Floor Primary Bedroom
- Eat-In Kitchen
About This Home
PRICE REDUCTION! $5,000 seller credit can go towards buyers rate buy down to lower monthly payment. Property ALSO qualifies for 3% down payment assistance for owner occupants! RARE FIND! Appraisal in hand for $565,000 from 2023. Instant Equity. UNBELIEVABLE OPPORTUNITY to purchase a home divided into TWO units. Both sides are 3 bedrooms with 2 baths with almost 2k feet of living space! HUGE income potential. Live in one and rent the other. Rent them both or have multiple families living together... endless possibilities in this highly desirable neighborhood with easy access to local parks, shopping, and dining. You will not find another opportunity like this in the neighborhood with gorgeous new buildings going up around it, this is gold mine. Both sides very nicely updated and clean. Featuring spacious living areas filled with natural light, a beautifully updated kitchen with stainless steel appliances This charming residence combines modern comforts with classic Southern charm."
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,384
Year Built
- Built in 1985
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 58x175
- Wood Fence
- Level Lot
- Few Trees
Home Design
- Traditional Architecture
- Property Attached
- Slab Foundation
- Composition Shingle Roof
Interior Spaces
- 3,800-3,999 Sq Ft Home
- 3,800 Sq Ft Home
- 2-Story Property
- Smooth Ceilings
- Fireplace Features Masonry
- Window Treatments
- Aluminum Window Frames
- Living Room with Fireplace
- Dining Room
- Den with Fireplace
- Bonus Room
- Attic Access Panel
- Washer and Dryer Hookup
Kitchen
- Eat-In Kitchen
- Oven or Range
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- Remodeled Bathroom
- 4 Full Bathrooms
Home Security
- Fire and Smoke Detector
- Iron Doors
Parking
- 2 Car Garage
- Side Facing Garage
- Driveway
Outdoor Features
- Patio
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- Bruce Ellington Resub Lots 2&3 Subdivision
Listing and Financial Details
- Assessor Parcel Number 068066 00072
Map
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Home Values in the Area
Average Home Value in this Area
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 | $3,384 | $122,675 | $12,000 | $110,675 |
| 2024 | $3,384 | $99,825 | $9,200 | $90,625 |
| 2023 | $6,081 | $99,825 | $9,200 | $90,625 |
| 2022 | $6,081 | $99,825 | $9,200 | $90,625 |
| 2021 | $7,227 | $99,825 | $9,200 | $90,625 |
| 2020 | $5,380 | $81,150 | $9,200 | $71,950 |
| 2019 | $2,594 | $81,150 | $9,200 | $71,950 |
| 2018 | $2,594 | $81,150 | $9,200 | $71,950 |
| 2017 | $2,655 | $81,150 | $9,200 | $71,950 |
| 2016 | $3,210 | $73,450 | $0 | $0 |
| 2014 | $3,210 | $73,450 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Price Changed | $499,901 | -3.8% | $132 / Sq Ft |
| 05/16/2025 05/16/25 | Price Changed | $519,901 | -1.0% | $137 / Sq Ft |
| 03/21/2025 03/21/25 | Price Changed | $524,901 | -0.9% | $138 / Sq Ft |
| 02/14/2025 02/14/25 | For Sale | $529,901 | +23.2% | $139 / Sq Ft |
| 11/18/2022 11/18/22 | Sold | $430,000 | 0.0% | $119 / Sq Ft |
| 11/01/2022 11/01/22 | Pending | -- | -- | -- |
| 10/31/2022 10/31/22 | For Sale | $430,000 | -- | $119 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $430,000 | Executive Title & Closing | |
| Quit Claim Deed | -- | Tri State Title & Escrow | |
| Interfamily Deed Transfer | -- | Home Surety Title & Escrow L | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $423,750 | New Conventional | |
| Closed | $301,000 | New Conventional |
Source: Public Records
About the Listing Agent
Dylan's Other Listings
Source: Memphis Area Association of REALTORS®
MLS Number: 10190061
APN: 06-8066-0-0072
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