541 McElroy Rd, Memphis, TN 38120
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Property image
OFF MARKET

541 McElroy Rd
Memphis, TN 38120

East Memphis-Colonial-Yorkshire
  • 4 Beds
  • 2.5 Baths
  • 2,487 sqft

$334,400

Trulia Estimate
as of Jul 23, 2026
Est. Refi. Payment $2,050/mo*

$334,400

Trulia Estimate
as of Jul 23, 2026
Est. Refi. Payment $2,050/mo*
4 Beds
2.5 Baths
2,487 sqft

Local Information

  • Map ViewExplore the area around 541 McElroy Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1997
Living Area
2,487 sqft
Price/Sqft
$134
Parking
Garage
HOA
$21/Monthly

Description

A light-filled home with spacious rooms and open floorplan is ready for you! Enter the two-story foyer and look right out to your secret garden. Primary bedroom with vaulted ceiling, huge ensuite, & walk-in closet downstairs; 3 bedrooms and renovated bath up. You're going to love entertaining indoors or out with a convenient kitchen, keeping room, beautiful dining room, and private patio. The gas fireplace will be a favorite gathering spot. Two car garage, laundry room, and tons of closets!
541 McElroy Rd, Memphis, TN 38120 is a 4 bedroom, 3 bathroom, 2,487 sqft single-family home in East Memphis-Colonial-Yorkshire, built in 1997. It last sold for $395,000 on Apr 22, 2022 (8% above the $365,000 asking price). It is currently off market. The Trulia Estimate is $334,400, with a rent estimate of $2,402/month.

Home Details for 541 McElroy Rd

Interior Features

Interior Details
Number of Rooms: 8Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Master Bathroom, Dining Room, Kitchen, Living Room, Den
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 2487 Square Feet
Appliances & Utilities
Appliances: Range/Oven, Disposal, Dishwasher, Refrigerator, Washer, DryerDishwasherDisposalDryerLaundry: Laundry RoomRefrigeratorWasher
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Central
Fireplace & Spa
Number of Fireplaces: 1Spa: Whirlpool(s), BathHas a FireplaceHas a Spa
Windows, Doors, Floors & Walls
Window: Wood FramesFlooring: Part Hardwood, Part Carpet, Tile
Levels, Entrance, & Accessibility
Stories: 1.5Floors: Part Hardwood, Part Carpet, Tile

Exterior Features

Exterior Home Features
Patio / Porch: PatioFencing: Wood, Wood FenceExterior: SidewalksNo Private Pool
Parking & Garage
Number of Covered Spaces: 2Has a GarageParking Spaces: 2Parking: Garage Faces Side
Pool
Pool: None

Days on Market

Cumulative Days on Market: 3

Property Information

Year Built
Year Built: 1997
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: General ResidentialArchitecture: Traditional
Building
Construction Materials: Brick VeneerNot a New ConstructionNot Attached PropertyDoes Not Include Home Warranty
Property Information
Parcel Number: 068006 C00017

Price & Status

Price
List Price: $365,000
Status Change & Dates
Off Market Date: Sun Apr 03 2022Possession Timing: Rental Agreement, Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: MemphisCommunity: Mckenzie Park Pd

HOA

Has an HOAHOA Fee: $255/Annually

Lot Information

Lot Area: 8276.4 sqft

Miscellaneous

Mls Number: 10120667Living Area Range: 2200-2399Living Area Range Units: Square Feet
Last check for updates: about 1 hour ago
Listed by Margaret E Mikkelsen
Crye-Leike, Inc., REALTORS
Bought with: Jorge Pereyra, Casa America Realty
Source: MAAR, MLS#10120667

Price History for 541 McElroy Rd

DatePriceEventSource
04/22/2022$395,000Sold
MAAR #10120667
04/04/2022$365,000PendingMAAR #10120667
03/31/2022$365,000Listed For SaleMAAR #10120667

Market trends in East Memphis-Colonial-Yorkshire

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$218K
$7K
MoM
Sale-to-List Price
97.7%
0.4%
MoM
Price per sq ft
$145
$5
MoM
Available listings
749
25
MoM
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Comparable Sales for 541 McElroy Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.22
Single-Family Home
$390,000
11/03/25
4
2.5
2,883
0.18
Single-Family Home
$468,500
03/31/26
4
2.5
2,638
0.11
Single-Family Home
$437,500
09/02/25
4
2.5
3,385
0.20
Single-Family Home
$430,000
12/22/25
4
3.5
3,197
0.05
Single-Family Home
$289,000
05/21/26
3
2
1,735
0.05
Single-Family Home
$709,900
06/30/26
4
3.5
3,549
0.21
Single-Family Home
$360,000
01/12/26
3
2
1,812

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 541 McElroy Rd.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about East Memphis-Colonial-Yorkshire

At least 529 Trulia users voted on each feature.
  • 89 % Say there are sidewalks

  • 89 % Say car is needed

  • 86 % Say yards are well-kept

  • 82 % Say it's dog friendly

  • 81 % Say parking is easy

  • 70 % Say there's holiday spirit

  • 64 % Say streets are well-lit

  • 61 % Say kids play outside

  • 56 % Say they plan to stay for at least 5 years

  • 51 % Say neighbors are friendly

  • 51 % Say it's quiet

  • 45 % Say it's walkable to restaurants

  • 43 % Say people would walk alone at night

  • 39 % Say it's walkable to grocery stores

  • 28 % Say there are community events

  • 25 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Brinley Honshell
    "I see people walking their dogs daily. Also, anytime my dog has ever got out. My neighbors are always looking out and keeping each other’s pups safe."
  • Raul
    "A great place to live in summer season. I traveled to that zone the last year and it was awesome walking into the green areas"
  • Raul
    "The price is excelente for all the amenities and the green areas looks awesome I have plans tho visit that area in my next vacations"
  • Designerchick84
    "Nice friendly neighborhood. Clean kept yards. People are polite and most keep to themselves without being rude "
  • Amdstrtt
    "There are a lot of dog owners in my neighborhood. It is a good pace for walks and there is a dog park very close. "
  • Giana Ballard
    "Sometimes there are stray dogs walking around, which might make it difficult to let your dog outside unattended. "
  • Mr.exxxtra
    "Greatest place in Memphis to live . Great public open areas. Very dog friendly place and close to everything in Memphis "
  • Trulia User
    "its a good area there some cheap gardeners there people are friendly quiet and it's good for Halloween my kids go trick or treating there other kids go to and so much candy"
  • Trulia User
    "its family oriented and I love the murals and the culture in this particular community I love everything about the community the easy if finding stores and restaurants in the area. the community has come a lo g way and I'm have been living here since 2013."
  • Trulia User
    "Pro is Dog park at Sea isle park. Lots of people walking in the neighborhood. Con is Lots of petty thrift "
  • Trulia User
    "condo living and safety, diverse neighborhood, many churches and Greenspance walking trail, convenient to all medical facilities, grocery shopping, thrift stores, garden centers and large fitness centers with8n 10 minutes, "
  • Trulia User
    "It’s beautiful and your neighbors are from all backgrounds young and old and we all watch out for each other"
  • Trulia User
    "Safety is always important. So it’s important to keep that in mind when moving to a new neighborhood "
  • Trulia User
    "YWCA, Liberty Bowl and it's a very nice library on poplar. it's nice restaurants and other ammunities that you can use totally to your advantage. It's a very underrated area and it's good to build your knowledge of Memphis. Coming from Atlanta it was easy to love this area. Forcefully this security is important throughout this new journey. Daily traffic is undoubtedly an issue throughout this new city. Memphis has outstanding food. I mean the food is outstanding all over the city."
  • Trulia User
    "Amazing place people walk dogs all the time on leash and pick up after them so it is a great place to live here "
  • Trulia User
    "Everyone is always very willing to help out their neighbors. My dogs have gotten out but I’ve always found them fast and in safe homes because of the wonderful people who live around me."
  • Trulia User
    "How polite the dogs and their owners treat one another, how well we all try to get lost pets back to their owners and how well we clean up after our pets. "
  • Trulia User
    "It’s cute. Good schools nearby. Quiet, neighborly. Safe feeling. Nice houses too. Also close to many shops"
  • Trulia User Portia J
    "There are a lot of families in the area, but it's best to scope out the neighborhood you're interested in if you want to be sure. It's pretty walk friendly, so take a walk around and see what you think."
  • Trulia User
    "Green line great for walks close to midtown and commercials. Common streets with medium traffic. The view are gorgeous with. Different kind of trees and bits singing."
  • Kimberly K.
    "It’s super clean and safe for families with children and or animals. I would highly recommend this area "
  • Ashley L.
    "You see people walking their dogs everyday. Dogs are welcome in our neighborhood. A great place to have dogs & cats. "
  • Samucl
    "It’s a great neighborhood with lots of shopping and restaurants close by. Great public and private schools are within walking distance as well. The green line is close by and perfect for walks and bike riding. "
  • Yvonne C.
    "My neighborhood has great access to commenting systems great school and close by shopping to all access. Great parks nearby for dogs, hiking, and biking"
  • Derricka L. R.
    "Christmas my neighbors really get into holiday spirit with lights & decorations on doors etc. Not too many disturbances & thts what I value most."
  • Cody H.
    "My commute differs as I drive a lot for work. Poplar Avenue gives me trouble coming to and from home. There are other streets I can use to get home that do not cause as much traffic. 6/10 would recommend to a friend"
  • Gymtanbaseball
    "the traffic isnt bad, although there is ONE guy that drives a silver dodge ram and a maroon suburban that speeds up and down the streets every day like a wild man. The commute to places is very simple. seems to be rather centrally located "
  • Jerry E.
    "It’s my favorite location in Memphis. People of all ethnicities live in my neighborhood. It’s filled with young and old owners"
  • Chloe S.
    "Very easy! Light traffic into midtown and no heavy traffic lights either. It only takes me 5 minutes to get to Overton area for work most days!"
  • J.renee49
    "It’s a quiet neighborhood and kid friendly. There are a lot of shops close in this area. I love it here"
  • Johnell A.
    "Great neighborhood to raise young children in. The Pink Palace, The Children's Museum, and the Botanic Gardens are all within short distances. "
  • Elisa B.
    "Friendly, safe neighborhood with not a lot of traffic once you're off the main thru ways. Houses and yards are will kept and houses are close to grocery, post office, and shopping."
  • Ashley L.
    "There are many families in our neighborhood. People walk their dogs, go for runs and we have a great park two blocks from our house. Great neighborhood!"
  • Marilyn M.
    "That their Children or GrandChildren can play outside without drive bye or violent in area This is a nice neighborhood that why I’m looking for something in this area"
  • Brandy G.
    "I was driving through the are to find a friend's house and noticed how lovely and we'll maintained the area was. When I stopped to ask for directions, I didn't feel afraid. "
  • Gypsyskye010
    "I use Uber and it usually is quick never more then a 5 min wait. always friendly, respectable drivers and never a problem"
  • Webcandoit5
    "Cool place to live right near summer avenue and walnut grove and highland so there’s lots to do all the time"
  • Diamondt958
    "Well my neighbor is friendly and It’s just to many shooting out here so I just need quite place to relax "
  • Courtney S.
    "The people looking out for each other homes and taking care of one other. Walking dogs running makes the neighborhood seem safe "
  • Marebare11856
    "Great place to live! Close to schools, parks, stores and restaurants. Within 6 miles of the interstate."

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Homes for sale near 541 McElroy Rd

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Off Market Homes Near 541 McElroy Rd

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