#10200963, Listing office: Keller Williams
Property details
About 261 Gracewood St
Wonderful opportunity to own charming and move in ready rambler with unbeatable layout! This turnkey home has been updated to fit all your needs. Light and bright living room welcomes you to flowing floorplan, energy efficient ceiling fans and attractive tile work throughout. Kitchen features granite countertops, space saving pantry, and stainless steel appliances. Two sizeable bedrooms with ceramic flooring offer versatile living space; bedrooms, home office, or home gym! Spacious primary suite boasts private bath and walk in closet. Long driveway provides ample parking space, and generously sized, fully fenced backyard is perfect for outdoor gatherings or low key rest & relaxation. New fence brings peace of mind for years to come. See for yourself today!
Highlights
Home typeSingle Family Residence
HeatingCentral, Natural Gas
StatusActive
CoolingCentral Air, Other
BasementYes
Lot size0.15 Acres
Year built2000
ParkingDriveway/Pad,On-Street Parking
MLS #10200134
Virtual tour
Summary
- Full Bathrooms: 2
- Appliances: Range, Oven, Disposal, Dishwasher
- Basement: Yes
- Flooring Type: Tile
- Interior: Smoke Detector(s), Vent Hood/Exhaust Fan
- Total Bedroom Count: 3
- Parking: Driveway/Pad,On-Street Parking
- Exterior: Wood Fence, Sidewalks
- Architectural Style: Traditional
- Heating: Central, Natural Gas
- Cooling: Central Air, Other
- List Price: $174,900
- HOA Amount: $0 Annually
- Annual Tax Amount: $1,091
- Tax Year: 2024
- Lot: Level
- Directions: Take I-240 East, then merge onto Sam Cooper Blvd. Exit at East Parkway North and turn left. Continue straight for about a mile, then turn right onto Gracewood Street. The property will be on the left side, shortly after entering the neighborhood.
- Year Built: 2000
- Stories: 1
- Lot Size: 0.15 Acres
- MLS Number: 10200134
- Office Name: Trelora Realty
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 10:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 08, 2022 | Home Sold | $108,000 |
| Aug 07, 2019 | Home Sold | $77,400 |
| Jun 10, 2019 | Home Sold | $66,000 |
| Oct 09, 2012 | Home Sold | $55,000 |
| Jul 19, 2012 | Home Sold | $18,111 |
| Apr 07, 2000 | Home Sold | $65,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $17,925 | $1,091 |
| 2023 | $17,925 | $1,091 |
| 2022 | $17,925 | $1,104 |
| 2021 | $17,925 | $1,104 |
| 2020 | $15,675 | $1,135 |
| 2019 | $15,675 | $1,135 |
| 2018 | $15,675 | $644 |
| 2017 | $15,675 | $642 |
History based on county public records data.
Nearby schools
3
Cornerstone Preparatory - Lester Campus
Public Charter PK-5
0.3 mi
•320 Carpenter St
5
William H. Brewster Elementary School
Public Magnet PK-5
0.9 mi
•2605 Sam Cooper Blvd
5
Treadwell Elementary School
Public Magnet PK-5
1.6 mi
•3538 Given Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $18,291. Most Memphis, TN residents have annual incomes less than $<35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
81%
<35k
11%
35k-100k
6%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
58%
Single, No Kids
29%
Single, with Kids
8%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
10%
12-17 yrs old
23%
18-34 yrs old
36%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
Burger King
Church's Chicken
Golden Corral
What do the neighbors drive?
Buick
Cadillac
Kia
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 261 Gracewood St
The listing price of 261 Gracewood St property is $174,900.
The property 261 Gracewood St is a house located in Memphis, Tennessee, 38112.
Active Listing: 261 Gracewood St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 261 Gracewood St are: Cornerstone Preparatory - Lester Campus (GreatSchools Rating 3/10), William H. Brewster Elementary School (GreatSchools Rating 5/10), Treadwell Elementary School (GreatSchools Rating 5/10), Lester Prep Academy (ASD) (GreatSchools Rating 3/10), Compass Community School Binghampton Campus (GreatSchools Rating 5/10), Treadwell Middle School (GreatSchools Rating 4/10), East High School (GreatSchools Rating 8/10), Middle College High School (GreatSchools Rating 7/10), Compass Community School Midtown Campus (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $1,091 (source: MLS/based on county public records data).
The last sale was on July 8, 2022 for $108,000 (source: MLS/tax record).
The property at 261 Gracewood St has 3 bedrooms and 2 bathrooms.
The year of construction for 261 Gracewood St is 2000.
This home is located at 261 Gracewood St in Memphis, TN and zip code 38112 in the Binghampton / Lester neighborhood. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 28, 2025 and is currently priced at $174,900.
While more than 73 listings in Memphis, TN in June 2025 were sold above asking price, there were more than 107 listings sold at asking price, and more than 219 were sold below. The inventory of homes for sale in Memphis, TN between May and June 2025 increased by 11.9%. While the average time on the market in June 2025 was 35 days, the median list price was $224,900.
From Rocket Homes Real Estate and based on county public records data.