$4,274 Closing Credit¹
#10195910, Listing Office: Keller Williams
$369,000 List price
501 Mcelroy Rd Memphis, TN 38120
$4,382
Closing credit¹
3 beds
2 full, 1 partial
0.1 acres
House
Property details
About 501 Mcelroy Rd
**Open House Sunday 04/27 1:00-2:30pm** Move-in Ready 3BR/2.5BA with office space! New carpet and paint throughout. Spacious layout with great natural light. HVAC updates: upstairs A/C (2017), downstairs A/C (2022), water heater (2022). Lawn stays green with built-in sprinkler system. Clean, comfortable, and well-maintained—ideal for buyers seeking a home that’s ready from day one.
Highlights
Home typeSingle Family Residence
HeatingCentral, Natural Gas, Dual System
StatusActive
CoolingCentral Air, Dual
Lot size0.13 Acres
Year built1990
ParkingGarage Door Opener(s),Back-Load Garage
MLS #10195044
ViewOther
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Flooring Type: Part Hardwood, Part Carpet, Tile
- Total Bedroom Count: 3
- Parking: Garage Door Opener(s),Back-Load Garage
- View: Other
- Exterior: Auto Lawn Sprinkler
- Architectural Style: Traditional
- Heating: Central, Natural Gas, Dual System
- Cooling: Central Air, Dual
- List Price: $369,000
- HOA Amount: $50
- HOA Frequency: Annually
- Annual Tax Amount: $4,518
- Tax Year: 2024
- Lot: Level, Landscaped, Fencing
- Directions: North from Walnut Grove on White Station to right on Mason and left on McElroy. 501 McElroy will be on the left. From Summer go south on White Station, left on Mason and left on McElroy.
- Year Built: 1990
- Stories: 1
- Lot Size: 0.13 Acres
- MLS Number: 10195044
- Office Name: KAIZEN Realty, LLC
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: 5/13/2025, 5:20:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$369,000
501 Mcelroy Rd
$4,382
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 15, 2017 | Home Sold | $285,000 |
| Nov 24, 1999 | Home Sold | $210,216 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $74,175 | $4,518 |
| 2023 | $74,175 | $4,518 |
| 2022 | $74,175 | $4,571 |
| 2021 | $74,175 | $4,571 |
| 2020 | $57,050 | $4,133 |
| 2019 | $57,050 | $4,133 |
| 2018 | $57,050 | $2,344 |
| 2017 | $57,050 | $2,424 |
History based on county public records data.
Nearby schools
8
Richland Elementary School
Public District PK-5
0.6 mi
•5440 Rich Rd
4
Aurora Collegiate Academy
Public Charter KG-5
0.9 mi
•4841 Summer Ave
8
White Station Elementary School
Public District PK-5
1.0 mi
•4840 Chickasaw Rd
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 $68,782. The majority of Memphis, TN residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
21%
<35k
51%
35k-100k
24%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
43%
Single, No Kids
10%
Single, with Kids
25%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
8%
12-17 yrs old
19%
18-34 yrs old
42%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
PGA/LPGA
Horse Races
Where do the neighbors shop?
Nordstrom Rack
Stein Mart
Sam's Club
Where do the neighbors go to eat?
Chipotle
Bonefish Grill
LongHorn Steakhouse
What do the neighbors drive?
Mazda
Lincoln
Buick
What do the neighbors listen to?
Rock
Classical
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Memphis, TN
Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.
The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.
Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.
Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.
About 501 Mcelroy Rd
The listing price of 501 Mcelroy Rd property is $369,000.
The property 501 Mcelroy Rd is a house located in Memphis, Tennessee, 38120.
Active Listing: 501 Mcelroy Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 501 Mcelroy Rd are: Richland Elementary School (GreatSchools Rating 8/10), Aurora Collegiate Academy (GreatSchools Rating 4/10), White Station Elementary School (GreatSchools Rating 8/10), White Station Middle School (GreatSchools Rating 8/10), Compass Community School Berclair Campus (GreatSchools Rating 4/10), Kingsbury Middle School (GreatSchools Rating 2/10), White Station High School (GreatSchools Rating 8/10), Kingsbury High School (GreatSchools Rating 2/10), Memphis Rise Academy (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $4,518 (source: MLS/based on county public records data).
The last sale was on September 15, 2017 for $285,000 (source: MLS/tax record).
The property at 501 Mcelroy Rd has 3 bedrooms and 2 full and 1 half bathrooms.
The year of construction for 501 Mcelroy Rd is 1990.
This home is located at 501 Mcelroy Rd in Memphis, TN and zip code 38120. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 25, 2025 and is currently priced at $369,000.
Over 51 listings were sold over their listed price in April 2025 in Memphis, TN. In the same period over 223 listings were sold below the listed price and 116 listings were sold for the listed price. Between March and April 2025, Memphis, TN real estate market has seen increase in the number of listings by 13.8%.
From Rocket Homes Real Estate and based on county public records data.