* * Seller offering $5,000 in Buyer expenses! * * Precious, updated 2 BR/1 BA home with so much charm! Located in Hight Point Terrace, nestled in a quiet cove, this home offers a large backyard complete with a big deck for cooking out, entertaining or for your animals to run and play! Newer roof, appliances, updated kitchen. Fireplace is operational! Washer, dryer and refrigerator convey!
Summer Ave, located between Midtown Memphis and the Bartlett line, is a commercial and residential Memphis neighborhood with a long, linear corridor and a patchwork of mid-century storefronts. The neighborhood’s character concentrates around the Summer Ave & Highland St intersection, where neon signage, taquerias, produce markets, and repair shops keep the sidewalks in motion. Local pillars include the Summer Avenue Drive-In, the historic Evergreen Theatre, and Crosstown Brewing Company. Low-slung strip plazas mix with older brick buildings and pockets of modest homes set back from the traffic. The corridor’s global food counters and specialty grocers shape daily routines as much as the steady flow of cars. Greenway segments and nearby parks add breathing room to the asphalt-heavy streetscape.
Provided by Walk Score and Local Logic
Market insights
465 Gerald Rd · $205,000
DAYS ON MARKET
17 days
The average home goes pending in 48 days.
SALE-TO-LIST
96.9%
Most homes are selling 3% below list price.
LIST PRICE
$205,000
Median sale price in this area is $259,463. (27% higher than this home)
PRICE DROP
0 price drops
26% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
One-story layout
Living room, dining room, kitchen, office
Masonry fireplace in the living room
Updated/renovated kitchen
Washer/dryer connections (washer/dryer connection in kitchen)
Cable wiring
Bedrooms
Primary bedroom on level 1 with smooth ceiling and hardwood floor (14 x 11)
Second bedroom on level 1 with smooth ceiling and hardwood floor; shares bathroom (11 x 11)
All bedrooms located on the main level
Bathrooms
One full bathroom (renovated, full bathroom on main level)
Kitchen
Range/oven with gas cooking
Self-cleaning oven
Dishwasher
Microwave
Disposal
Eat-in kitchen
Laundry & utility
Washer/dryer connections available (in kitchen)
Flooring
Hardwood throughout
Tile
Heating & cooling
Central heating (gas)
Central air conditioning
Exterior features
Deck
Wood and chain link fencing
Some trees
Level, cove lot
Home design
Detached single-family home
Ranch style
Built in 1950
Parking
Driveway/pad parking
Security
Smoke detectors
Deadbolt locks
Construction
Brick veneer exterior
Composition shingle roof
Conventional foundation
Utilities
Gas water heater
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10230405
Sep 14, 2026
Listed
$205,000
Memphis Area Association of Realtors(R) MLS #1
Jun 17, 2026
Price Changed
$205,000
May 19, 2026
Price Changed
$210,000
Apr 29, 2026
Price Changed
$215,000
Apr 18, 2026
Price Changed
$220,000
Memphis Area Association of Realtors(R) MLS #10059210
Sep 25, 2019
Sold
$172,500
Aug 19, 2019
Price Changed
$179,900
Aug 7, 2019
Listed
$184,900
+5
Memphis Area Association of Realtors(R) MLS #10053097
Jun 7, 2019
Sold
$132,000
May 20, 2019
Listed
$129,500
Memphis Area Association of Realtors(R) MLS #3171757
Nov 25, 2009
Sold
$108,600
May 21, 2009
Listed
$109,900
Public Records
Mar 20, 2007
Sold
$111,500
Memphis Area Association of Realtors(R) MLS #2648248
Nov 30, 2006
Sold
$111,500
Aug 3, 2006
Listed
$121,900
Public Records
Mar 14, 2003
Sold
$94,500
Memphis Area Association of Realtors(R) MLS #2525600
Jan 31, 2003
Sold
$94,500
Nov 23, 2002
Listed
$92,900
Memphis Area Association of Realtors(R) MLS #1400298
Mar 4, 2001
Sold
$82,000
Jan 5, 2001
Listed
$85,000
Public Records
Mar 25, 1994
Sold
$58,999
Public Records
Feb 27, 1989
Sold
$61,498
Year
Property tax
Land + Additions
Assessment*
2025
$2,454 (−18.1%)
$12,075 + $34,475
$46,550
2024
$2,996 (+8.1%)
$12,075 + $34,475
$46,550
2023
$2,772
$8,050 + $37,450
$45,500
2022
$2,772 (−1.2%)
$8,050 + $37,450
$45,500
2021
$2,804 (+40.3%)
$8,050 + $37,450
$45,500
2020
$1,998
$8,050 + $37,450
$45,500
2019
$1,998
$8,050 + $19,525
$27,575
2018
$1,998 (+76.3%)
$8,050 + $19,525
$27,575
2017
$1,133 (+6.9%)
$8,050 + $19,525
$27,575
2016
$1,060
$8,050 + $19,525
$27,575
2014
$1,060
$8,050 + $16,225
$24,275
Public record
Public record
Zoning
Beds
3
Baths
1
Stories
1
Lot width
83 ft.
Lot depth
164 ft.
Lot size
10,066 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,050
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,050
Year built
1950
Style
Single Family Residential
County
Shelby County
APN
055004 00061
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
R-6
Residential Single Family-6 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 20 days in 30 years
4/10 Wind Factor
18% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38122
Average low and high temperatures (°F)
47
30
57
38
71
50
78
58
79
63
89
72
93
77
90
71
88
68
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 465 Gerald Rd
$202,773
$2,228 under list price of $205K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $190K to $339K.