Redfin is joining Rocket

Discover how we're simplifying your journey home.

$184,900

261 Gracewood St Memphis, TN 38112

3 beds
2 full
0.1 acres
House

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
CoolingOther, Central Air
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: Other, Central Air
  • List Price: $184,900
  • 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: 7/2/2025, 7:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
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

YearAssessmentProperty 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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $18,291. Most Memphis, TN residents have annual incomes less than $<35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.

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?

  • UFCUFC
  • Figure SkatingFigure Skating
  • NHRA Drag RacingNHRA Drag Racing

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Big LotsBig Lots
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Burger KingBurger King
  • Church's ChickenChurch's Chicken
  • Golden CorralGolden Corral

What do the neighbors drive?

  • BuickBuick
  • CadillacCadillac
  • KiaKia

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • JazzJazz
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 261 Gracewood St

The listing price of 261 Gracewood St property is $184,900.

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 $184,900.

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 number of listings in Memphis, TN increased by 11.9% between May and June 2025. 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.

More resources