11 days on rocket

5511 Melvin Rd, Memphis, TN, 38120

$327,500

Home List Price

$3,889*

Closing Credit

4 Bedrooms
2 Full Baths
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

5511 Melvin Rd, Memphis$327,500

Buyer Closing Credits

$3,889*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway/Pad, Front-Load Garage, Garage
Year Built1952
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
BasementYes
ViewOther
MLS #10170598
Lot Size0.32 Acres
StatusActive

About 5511 Melvin Rd

Nestled in East Memphis, this charming 4-bed, 2-bath home boasts hardwood floors throughout and a great kitchen with ample storage. The split bedroom plan offers privacy, with a spacious primary bedroom featuring a sitting area, walk-in closet and private bath, while three additional bedrooms share a full bath. Outside, a huge fenced backyard includes a workshop, storage building, and firepit area, perfect for relaxation and entertainment. White Station Middle and High School. Richland Elem.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1952
  • Stories: 1

Listing Office:

  • Office Name: REMAX Experts

Interior Features

Interior Information:

  • Appliances: Range, Oven, Disposal, Dishwasher, Microwave
  • Basement: Yes
  • Flooring Type: Hardwood Throughout, Tile
  • Interior: Walk-In Closet(s), Pull Down Attic Stairs

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Wrought Iron Security Drs, B-B-Q Pit, Storage Building

Parking Information:

  • Parking: Driveway/Pad, Front-Load Garage, Garage

Lot Features

Lot Information:

  • Lot: Few Trees, Level, Landscaped, Fencing
  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

  • Directions: Take Walnut Grove Rd west from I240. Turn right onto N. Yates Rd. Left onto Melvin Rd. Home on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $327,500

Tax Information:

  • Annual Amount: $4,339
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Memphis, TN.

Map thumbnail provided by MapBox

Memphis, TN

City

Med. Sold Price

$195.6K

Med. Price/SqFt

$130

# of Sold Homes

471

5511 Melvin Rd vs Memphis

11 DAYS ON ROCKET

$327,500

+$131.8K More

KEY TAKEAWAY

This property is $131.8K more than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10170598

Listing Office:

  • Office Name: REMAX Experts

Copyright© 2024 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: 5/3/2024, 8:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 14, 2015Home Sold
$167,000
Dec 13, 2005Home Sold
$105,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,339$59,925
2020$3,179$43,875
2019$3,179$43,875
2018$1,803$43,875
2017$2,122$43,875

History based on county public records data.

Payment Calculator

$1,702

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,048

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-5581260
1
/10

  • Memphis Virtual School

  • 3772 Jackson Ave

  • 4.55 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,584. The most common annual income of people living in Memphis, TN is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5511 Melvin Rd

What is the listing price of this property?

The listing price of 5511 Melvin Rd property is $327,500.

What type of property is this?

The property 5511 Melvin Rd is a house located in Memphis, Tennessee, 38120.

Is this property for sale now?

Active Listing: 5511 Melvin Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5511 Melvin Rd are:
Memphis Virtual School: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,339 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 14, 2015 for $167,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5511 Melvin Rd has 4 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 5511 Melvin Rd is 1952.

Rocket Homes›Tennessee›Shelby County›Memphis›38120›5511 Melvin Rd

This home is located at 5511 Melvin Rd in Memphis, TN and zip code 38120. This home, which was built in 1952, sits on a 0.32 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $327,500.

Over 75 listings were sold over their listed price in April 2024 in Memphis, TN. In the same period over 272 listings were sold below the listed price and 122 listings were sold for the listed price. The number of listings in Memphis, TN increased by 13.1% between March 2024 and April 2024.

From Rocket Homes Real Estate and based on county public records data.

More Resources