#10200594, Listing office: Sell Your Home Services, LLC
Property details
About 505 S Prescott St
Walk to UofM in Minutes! This East Buntyn bungalow is just two blocks from the Highland Strip—grab coffee, food, or shop between classes! It’s full of historic charm but updated where it counts, with a modern kitchen and bathroom. You'll love the separate laundry area (no coin machines here!) and covered parking with room for friends. The big fenced-in backyard is perfect for cookouts, pets, or adding a fire pit. Tons of space, unbeatable location—ideal for UofM students/professors who want comfort and convenience. NOTE -City of Memphis Down Payment Assistance is available NOW affording up to 10% of sales price or max of $25,000 for qualified buyers. See brochure in Documents.
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCeiling Fan(s), Central Air
Lot size0.22 Acres
Year built1930
ParkingDriveway/Pad
MLS #10201548
FireplaceVentless Gas Fireplace, Gas Starter, Gas Logs
Summary
- Full Bathrooms: 1
- Appliances: Range, Oven, Disposal, Dishwasher
- Flooring Type: Hardwood Throughout
- Interior: Pull Down Attic Stairs
- Fireplace: Ventless Gas Fireplace, Gas Starter, Gas Logs
- Total Bedroom Count: 2
- Parking: Driveway/Pad
- Exterior: Wood Fence, Chain Fence, Storage
- Architectural Style: Traditional, Bungalow
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air
- List Price: $225,000
- Annual Tax Amount: $2,853
- Tax Year: 2024
- Lot: Few Trees, Level, Fencing
- Directions: From Central Avenue turn south on Prescott. House is on the right, south of midland.
- Year Built: 1930
- Stories: 1
- Lot Size: 0.22 Acres
- MLS Number: 10201548
- Office Name: Real Estate Agency
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: 7/20/2025, 3:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $46,850 | $2,853 |
| 2023 | $46,850 | $2,853 |
| 2022 | $46,850 | $2,887 |
| 2021 | $46,850 | $2,887 |
| 2020 | $34,950 | $2,532 |
| 2019 | $34,950 | $2,532 |
| 2018 | $34,950 | $1,436 |
| 2017 | $34,950 | $1,273 |
History based on county public records data.
Nearby schools
4
Arrow Academy of Excellence
Public Charter KG-5
0.7 mi
•645 Semmes St
10
Campus Elementary School
Public District KG-5
0.8 mi
•535 Zach Curlin
3
Sherwood Elementary School
Public Magnet PK-5
1.3 mi
•1156 Robin Hood Ln
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 $64,509. Residents of Memphis, TN typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
32%
<35k
42%
35k-100k
22%
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?
62%
Single, No Kids
4%
Single, with Kids
22%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
3%
12-17 yrs old
37%
18-34 yrs old
37%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Yoga/pilates
NBA/WNBA
Minor League Baseball Games
Where do the neighbors shop?
H&M
New York & Company
Chico's
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Chick-fil-A
What do the neighbors drive?
Audi
Infiniti
Kia
What do the neighbors listen to?
Alternative
Active Rock
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 505 S Prescott St
The listing price of 505 S Prescott St property is $225,000.
The property 505 S Prescott St is a house located in Memphis, Tennessee, 38111.
Active Listing: 505 S Prescott St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 505 S Prescott St are: Arrow Academy of Excellence (GreatSchools Rating 4/10), Campus Elementary School (GreatSchools Rating 10/10), Sherwood Elementary School (GreatSchools Rating 3/10), Sherwood Middle School (GreatSchools Rating 2/10), University Middle School (GreatSchools Rating 6/10), Lester Prep Academy (ASD) (GreatSchools Rating 3/10), East High School (GreatSchools Rating 8/10), Melrose High School (GreatSchools Rating 1/10), Middle College High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $2,853 (source: MLS/based on county public records data).
The property at 505 S Prescott St has 2 bedrooms and 1 bathroom.
The year of construction for 505 S Prescott St is 1930.
This home is located at 505 S Prescott St in Memphis, TN and zip code 38111 in the East Buntyn neighborhood. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 18, 2025 and is currently priced at $225,000.
In June 2025, from all listings sold in Memphis, TN there were more than 73 sold above asking price, over 219 sold below and more than 107 were sold right at the asked price. The number of listings in Memphis, TN increased by 11.9% between May and June 2025. Listings spent 35 days on the market in June 2025, and had a median list price of $224,900 during the same period.
From Rocket Homes Real Estate and based on county public records data.