Built in 1994, this 3-bedroom, 2-bath home offers the advantage of newer construction in an established neighborhood where many surrounding homes are significantly older. The spacious floor plan features a vaulted great room with a fireplace, a large kitchen with abundant cabinetry and counter space, a sunny dining area, and a split-bedroom layout for added privacy. The primary suite includes a private bath, while two additional bedrooms provide flexibility for family, guests, or a home office. A floored walk-up attic provides excellent storage space. The refrigerator, washer, and dryer will remain with the property. Outside, you'll enjoy mature shade trees, a welcoming covered front porch, and a large concrete patio in the backyard that's perfect for outdoor entertaining, relaxing, or additional recreational space. Conveniently located near shopping, dining, parks, and major commuter routes, this home presents a great opportunity to make it your own.
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
Offer insights
505 Vaughn Rd · $199,000
$199K and above
75% chance or better to win
Why $199K+ is a strong offer
DAYS ON MARKET
46 days
The average home goes pending in 37 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
One-story layout
8 total rooms
Range/Oven, Disposal, Dishwasher, Refrigerator included
Fireplace in primary bath area
Part carpet flooring
Separate living room
Bedrooms
Three bedrooms, all on the main level
Primary bedroom approximately 14 x 12
Additional bedrooms on main level
Bathrooms
Two full bathrooms
Kitchen
Range/Oven
Dishwasher
Refrigerator
Disposal
Laundry & utility
Washer and Dryer included
Flooring
Part carpet
Heating & cooling
Central heating
Central cooling
Exterior features
Patio
Aluminum windows
Some trees on the lot
No pool
Home design
Detached single-family home
Traditional style
Built in 1994
Parking
Driveway/Pad
Construction
Existing property
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10226986
Aug 12, 2026
Price Changed
$199,000
Jul 26, 2026
Listed
$229,900
Public Records
Nov 27, 1963
Sold
$12,000
Year
Property tax
Land + Additions
Assessment*
2025
$3,549 (+8.3%)
$12,075 + $55,250
$67,325
2024
$3,278 (+8.1%)
$12,075 + $55,250
$67,325
2023
$3,032
$8,050 + $41,725
$49,775
2022
$3,032 (−1.2%)
$8,050 + $41,725
$49,775
2021
$3,068 (+39.4%)
$8,050 + $41,725
$49,775
2020
$2,201
$8,050 + $41,725
$49,775
2019
$2,201
$8,050 + $22,325
$30,375
2018
$2,201 (+76.3%)
$8,050 + $22,325
$30,375
2017
$1,248 (−0.9%)
$8,050 + $22,325
$30,375
2016
$1,260
$8,050 + $22,325
$30,375
2014
$1,260
$8,050 + $20,800
$28,850
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
61 ft.
Lot depth
148 ft.
Lot size
9,596 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,374
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,374
Year built
1994
Style
Single Family Residential
County
Shelby County
APN
055027 00011
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, 21 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
85
68
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 22% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.3 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 505 Vaughn Rd
$186,511
$12K under list price of $199K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $210K to $271K.