Quick answer: Rolling Fields Dr. in Memphis, TN 38134 is a 4-bedroom, 2-bathroom single-family home with 1,587 square feet of living space, built in 1962. The price is $239,000, the listed monthly payment is $2,341, and the down payment is $20,000. The owner sells directly through Dueño a Dueño, so there is no bank in the middle.
Most people shopping for a family home in Memphis run into the same wall: the bank says no, or says yes with a pile of conditions. This house is a different route. Let’s walk through what it offers, what the numbers mean, and what to check before you commit.
5175 Rolling Fields Dr at a glance
| Detail | Information |
|---|---|
| Address | Rolling Fields Dr, Memphis, TN 38134 |
| Price | $239,000 |
| Monthly payment | $2,341 |
| Down payment | $20,000 |
| Bedrooms | 4 |
| Bathrooms | 2 full |
| Living area | 1,587 sq ft |
| Year built | 1962 |
| Property type | Single-family residence |
| Seller | Owner, through Dueño a Dueño |
The listing page shows this home as “coming soon” at the time of writing, so open the full listing for the latest availability.
What the house offers
Four bedrooms and two full bathrooms is a layout that works for a lot of households. A growing family gets a room for everyone. A couple working from home can turn one bedroom into an office and still have a spare. Two bathrooms also take real pressure off a busy morning, which anyone who has shared one with three other people will appreciate.
At 1,587 square feet, the space is practical rather than huge. It was built in 1962, so expect the character of a mid-century Memphis home, along with the kind of upkeep that comes with a house that age. More on that below.
The address sits in the 38134 ZIP code in Memphis, Tennessee. If you want to see the neighborhood for yourself, you can book a tour from the listing page.
Making sense of the $2,341 monthly payment
The numbers are simple to state. The home costs $239,000. You put $20,000 down, which leaves $219,000 to be paid over time through the owner financing agreement. The listed payment is $2,341 a month.
Here is a rough way to test whether that fits your budget. A common guideline is to keep housing costs near 30% of your gross monthly income. Working backward, a $2,341 payment lines up with an income of about $7,800 a month, or roughly $93,600 a year. That is a rule of thumb, not a rule. Your debts, savings, and family size matter just as much, so use it as a starting point.
Two questions to ask the owner before you decide:
- Does the monthly payment include property taxes and homeowners insurance, or are those separate?
- What are the loan term, the interest rate, and any balloon payment, if there is one?
A good owner-financed deal puts all of this in writing before you sign anything.
Why buy directly from the owner?
With a traditional purchase, a bank decides whether you qualify, sets the timeline, and adds fees along the way. With owner financing, you deal with the person who owns the home. Terms can be more flexible, the conversation is more direct, and the process is often faster.
Dueño a Dueño is a Memphis marketplace built around that idea. Buyers and owners connect without banks or middlemen, and the site works in both English and Spanish. If you want to understand the whole picture first, browse the Dueño a Dueño blog or look through all available properties.
What to do before you make an offer
Buying a 1962 home is perfectly reasonable, as long as you go in with open eyes. A short checklist:
- Get an independent inspection. Pay attention to the roof, plumbing, electrical panel, HVAC, and foundation. Older homes can hide expensive surprises.
- Walk the property in daylight. Check the yard, the drainage, and the street at different times of day.
- Read the agreement carefully. Understand the payment schedule, late fees, and what happens if you want to refinance later.
- Consider a title check and an attorney review. It costs little compared with the size of the purchase.
- Budget for repairs. Setting aside money for the first year of ownership is smart on any home from this era.
Compare it with other Memphis homes nearby
It helps to see more than one option. These listings are close to Rolling Fields Dr:
- 4697 Grecco Drive: about 1.5 miles away, 3 bedrooms, 1.5 bathrooms, 1,800 sq ft, listed at $184,000.
- 5753 Antwerp Avenue East: about 1.7 miles away, 3 bedrooms, 2 bathrooms, 1,325 sq ft, listed at $249,000.
Rolling Fields Dr stands out for the extra bedroom. If four bedrooms matter to you, that is the main difference.
Who this home may suit
- Families who need four bedrooms without a much higher price tag
- Buyers who have steady income but a tough time with traditional bank approval
- Spanish-speaking and bilingual households who want to handle the process in their own language
- People who like the idea of talking straight to the owner
Frequently asked questions
How much is the house at 5175 Rolling Fields Dr in Memphis?
The listed price is $239,000, with a $20,000 down payment and a listed monthly payment of $2,341.
How many bedrooms and bathrooms does it have?
It has 4 bedrooms and 2 full bathrooms across 1,587 square feet of living space.
When was the home built?
It was built in 1962 and is a single-family residence in the 38134 ZIP code of Memphis, TN.
Do I need a bank loan to buy it?
No. The home is offered through owner financing, so you work directly with the owner instead of a bank.
How much do I need to put down?
The listed down payment is $20,000.
Can I tour the house before I apply?
Yes. You can schedule a tour from the listing page, or call (901) 660-4100 to ask questions first.
Is the listing available in Spanish?
Yes. Dueño a Dueño works in English and Spanish, and this Spanish listing page has the full property details.
Take the next step
If a four-bedroom Memphis home with a $20,000 down payment sounds like a fit, the easiest next step is to see the property yourself. Open the listing for 5175 Rolling Fields Dr, schedule a tour, or start your application. Own a home and thinking about selling it directly? You can also list your property on Dueño a Dueño.
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