$6,044 Closing Credit¹
Listing Office: C21 Home First, REALTORS
$6,411
closing credit¹
512 Mcelroy Rd Memphis, TN 38120
$539,901 List price
$6,411
Closing credit¹
House
Property details
About 512 Mcelroy Rd
"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 neighborhoods 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."
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air
BasementYes
Year built1985
ParkingGarage Door Opener(s),Side-Load Garage, Garage
MLS #10184658
WaterfrontOther
Summary
- MLS Number: 10184658
- Office Name: 901, REALTORS
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: 1/30/2025, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$539,901
512 Mcelroy Rd
$6,411
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 07, 2022 | Home Sold | $430,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $99,825 | $6,080 |
| 2023 | $99,825 | $6,080 |
| 2022 | $99,825 | $6,152 |
| 2021 | $99,825 | $6,152 |
| 2020 | $81,150 | $5,880 |
| 2019 | $81,150 | $5,880 |
| 2018 | $81,150 | $3,335 |
| 2017 | $81,150 | $3,209 |
History based on county public records data.
Nearby schools
8
Richland Elementary School
Public District PK-5
0.6 mi
•5440 Rich Rd
8
White Station Elementary School
Public District PK-5
1.1 mi
•4840 Chickasaw Rd
4
Berclair Elementary School
Public District PK-5
1.5 mi
•810 N Perkins 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. Residents of Memphis, TN typically earn between $35k-100k each year. Typical family type is single, no kids. 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
About 512 Mcelroy Rd
This home is located at 512 Mcelroy Rd in Memphis, TN and zip code 38120. Features: 0 bathroom. It has been listed on Rocket Homes since November 6, 2024 and is currently priced at $539,901.
In December 2024 more than 61 listings in Memphis, TN were sold above the asking price. During the same period more than 97 listings were sold at asking price, while more than 237 were sold below. The number of listings in Memphis, TN increased by 1.5% between November and December 2024. The median list price of listings available in December 2024 was $190,593, while the average time on the real estate market was 67 days.
From Rocket Homes Real Estate and based on county public records data.