Spacious 3 bed, 2 bath home featuring a separate, rustic den with vaulted ceilings, tile flooring, and fireplace, large living room with hardwood flooring, eat in kitchen with appliances, large primary bedroom with updated bath, partial wrap around covered front porch, partially covered back patio, and storage building sitting on approximately 1.57 acres.
Single-familyProperty Type
1998Year Built
1.57 acresLot Size
$144Est. Price/Sq.Ft.
Listed by Brooke Redmon Benton• Action Realty
Bought with Brandi Mangrum• Southern Realty Company
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Earn from this home
Refinance
$0
Est. cash available
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Rent
$2,657/mo
Redfin rental estimate
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Market trends in 38367, TN
Last updated July 2026
Buyer's Market
Seller's Market
Balanced market
Sale-to-List Price
96.3%
0.3% MoM
Median sale price
$191K
$57K MoM
Avg. days on market
182d
1 days MoM
Recently sold homes
6
1 MoM
Provided by Redfin
Sale history for 503 Wayne Elam Rd
Date
Event
Price
Memphis Area Association of Realtors(R) MLS #10111780
Jan 3, 2022
Sold
$195,000
$122/sq ft
Oct 29, 2021
Listed
$195,000
$122/sq ft
Public Records
Oct 28, 2016
Sold
$92,000
$58/sq ft
Memphis Area Association of Realtors(R) MLS #9983917
Aug 11, 2016
Listed
$104,900
$66/sq ft
Memphis Area Association of Realtors(R) MLS #9978847
Jul 20, 2016
Sold
$57,774
$36/sq ft
Jun 7, 2016
Listed
$62,900
$39/sq ft
+9
Ranch style home with wraparound porch. It offers about 1,700 square feet of living space with 3 bedrooms, 2 full bathrooms, diagonally tiled floors, plank wood walls and ceilings, a U-shaped kitchen with ample cabinetry, and a fireplace to cozy up to. Listing Broker and Seller assume no responsibility and make no guarantees, representations, warranties (express, implied or otherwise) as to the availability or accuracy of information contained herein.
Living/Dining/Kitchen: Separate Living Room, Separate Den, Eat-In Kitchen
Den/Great Room Dimensions: 14x13
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Porch, Covered Patio
Exterior/Windows: Vinyl Siding
Foundation: Conventional
Roof: Composition Shingles
Land Information
Acreage: 1.57
Lot Information
Lot Size: 1.57
Lot Description: Some Trees
Area: 6950
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 1600-1799
Year Built: 1998
Financial
Tax Information
Annual County Tax: $675
Financing
New Financing: Conventional, FHA, Va
Buyer Contributions: 0
Utilities
Utility Information
Water & Sewer: Public Water, Septic Tank
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: Traveling South on Hwy 45 from Selmer, turn right on to Freddie Davis Rd, then left on to Unity Church Rd, right on to Wayne Elam Rd, property is 2nd house on left.
MAAR Subdivision Name: None
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 1,700
Stories: 1.0
Lot Size: 1.57 acres
Style: Single Family Residential
Year Built: 1998
Year Renovated: 1998
County: McNairy County
APN: 120 02820 000
Home facts updated by county records on Jul 6, 2026
Around this home
Schools
Ramer Elementary School
Public PreK-8 • Assigned • 2.4mi
6/10
McNairy Central High School
Public 9-12 • Assigned • 5.0mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
3% chance of being 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
16% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Ramer, TN • 38367
Average low and high temperatures (°F)
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28
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37
71
48
78
55
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69
91
73
90
68
84
64
76
52
66
45
55
37
Jan
Feb
Mar
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Aug
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Oct
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Sun exposure
In this area, properties receive around 9.8 hours in
June and 4.5 hours in December, which is comparable to the
U.S. average for solar exposure.
Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2021. This data may not match public records. Learn more.