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308 Mcelroy, Memphis, TN 38120

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For Sale

$300,000

3 beds • 2 baths

Estimated Payment

$ 1,830 /mo. †

6.67% APR for 30 yrs.
$3,431 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • Over 50 Years Old
    Age

Explore this Property

Charming 3-bedroom, 2-bath brick home in a prime East Memphis location featuring real hardwood floors, smooth ceilings, new double-hung double-pane windows, a new main sewer line to the street, & a 9-year-old roof. The open kitchen flows into the den, with formal living and dining areas. Enjoy a fenced backyard, patio, double carport, and 23x20 workshop/storage room. Zoned for Richland Elementary, White Station Middle & High, just a short walk to the Greenline, and convenient to shopping and dining.
MLS# 10192474

Courtesy Of Crye Leike, Inc.

(901) 766-9004

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Patio, Ceiling Fan
  • Architecture Style
    New Traditional
  • Cooling System
    Ceiling Fan(s)
  • Floor Covering
    Carpet, Hardwood, Tile, Wood
  • Heating System
    Central Furnace
  • Lot Size
    0.23 Acres
  • Rooms
    Den, Dining Room, Kitchen, Living Room

Map and Directions

Directions to 308 Mcelroy, Memphis, TN 38120

Home seller CENTURY 21 Prestige

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CENTURY 21 Prestige

(662) 562-5502
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Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $1,544
  • Property Taxes
    $285
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,830

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Richland Elementary School

Grades PK-5 Public School

Memphis, TN 38120 0.2 miles
5440 rich rd

827 total students
14:1 Student teacher ratio

School Rating: A

School Details

White Station Middle School

Grades 6-8 Public School

Memphis, TN 38120 0.1 miles
5465 mason rd

1227 total students
19:1 Student teacher ratio

School Rating: A-

School Details

White Station High School

Grades 9-12 Public School

Memphis, TN 38117 2 miles
514 s perkins rd

1983 total students
18:1 Student teacher ratio

School Rating: A

School Details
Other Nearby Schools Distance Type Grades School Rating
Memphis Junior Academy 1 miles Private PK-10
Concord Academy 1 miles Private 6-12
White Station Elementary School 1.1 miles Public PK-5 A
Shady Grove Elementary School 1.1 miles Public KG-5
Avon School 1.1 miles Public 11-12
Aurora Collegiate Academy 1.2 miles Public KG-5 C-
St Agnes Academy-st. Dominic School, Inc. 1.2 miles Private PK-12
Christian Brothers High School 1.2 miles Private 9-12
St Dominic School 1.2 miles Private PK-8
Margolin Hebrew Academy 1.3 miles Private PK-12
St Mary's Episcopal School - Early Childhood 1.6 miles Private PK-KG
St Mary's Episcopal School 1.6 miles Private PK-12
Berclair Elementary School 1.7 miles Public PK-5 C
Campus Kids Corner 1.8 miles Public PK
Tennessee Preparatory Academy 1.9 miles Private 10-12
Memphis Business Academy Elementary School 2.2 miles Public PK-5 C+
Christ Methodist Day School 2.2 miles Private PK-6

Memphis Junior Academy

Distance: 1 miles

Type Private

Grades: PK-10

Concord Academy

Distance: 1 miles

Type Private

Grades: 6-12

White Station Elementary School

Distance: 1.1 miles

Type Public

Grades: PK-5

A

Shady Grove Elementary School

Distance: 1.1 miles

Type Public

Grades: KG-5

Avon School

Distance: 1.1 miles

Type Public

Grades: 11-12

Aurora Collegiate Academy

Distance: 1.2 miles

Type Public

Grades: KG-5

C-

St Agnes Academy-st. Dominic School, Inc.

Distance: 1.2 miles

Type Private

Grades: PK-12

Christian Brothers High School

Distance: 1.2 miles

Type Private

Grades: 9-12

St Dominic School

Distance: 1.2 miles

Type Private

Grades: PK-8

Margolin Hebrew Academy

Distance: 1.3 miles

Type Private

Grades: PK-12

St Mary's Episcopal School - Early Childhood

Distance: 1.6 miles

Type Private

Grades: PK-KG

St Mary's Episcopal School

Distance: 1.6 miles

Type Private

Grades: PK-12

Berclair Elementary School

Distance: 1.7 miles

Type Public

Grades: PK-5

C

Campus Kids Corner

Distance: 1.8 miles

Type Public

Grades: PK

Tennessee Preparatory Academy

Distance: 1.9 miles

Type Private

Grades: 10-12

Memphis Business Academy Elementary School

Distance: 2.2 miles

Type Public

Grades: PK-5

C+

Christ Methodist Day School

Distance: 2.2 miles

Type Private

Grades: PK-6

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Memphis, TN 38120

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Memphis, TN 38120

This community’s employment is highest in the administrative support and healthcare practitioners industries. The area’s overall household expenses are above the national average.

91° July
Hottest Average Month
30° January
Coldest Average Month
5,743 Total Households in Area
-1.5% Increase in population since the year 2010
24.5%
of households
have children
17 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Memphis, TN 38120

Memphis, TN 38120 has a population of 13,257 people in 5,743 households with a median age of 45.7 years old.

-1.5%
Decrease in population
since the year 2010
Population is Trending down
5,932
Total households as of 2010
1%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 45.7 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 81%
Asian 6%
Black 6%
Hispanic 3%
Other 1%
Native American <1%
The most prevalent ethnicity is White at 81%, followed by Asian at 6%, Black at 6%, and Hispanic at 3%.

Economics
for Memphis, TN 38120

1,387 /sq mi
Population Density
$144,141 /yr
Median Household Income
$385,000
Median Sales Price
17 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Over $200k representing 28.92% of the households.

Transportation to Work

  • Drive 85%
  • Work from Home 13%
  • Walk or Bike 1%
  • Public Transit 1%

Occupancy by Type

Owned 4,330 71%
Rented 1,413 23%
Vacant 335 6%

White vs Blue Collar Jobs







White Collar 92%
Blue Collar 8%

Family & Education Facts
for Memphis, TN 38120

45.7 Median Age

Average Household Size

2.3
persons per
household

60.4%

Married Households

Community Population By Education

Bachelors Degree 37%
Graduate Degree 34%
Some College 14%
High School Graduate 9%
Associates Degree 5%
Some High School 2%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 37% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
24.5% of households have children

Weather
for Memphis, TN 38120

The weather for this area ranges from a high of 91° F in July to a low of 30° F in January

91° July
Hottest Average Month
30° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
30°
48°
Feb
33°
53°
Mar
41°
62°
Apr
50°
72°
May
59°
80°
Jun
67°
88°
Jul
71°
91°
Aug
69°
90°
Sep
62°
84°
Oct
49°
74°
Nov
40°
62°
Dec
33°
51°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Memphis, TN 38120!
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Copyright © 2025 Memphis Area Association of Realtors&#174;. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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