$117,000
$8K PRICE DROP

123 Loraine Rd Memphis, TN 38109

Whitehaven Neighborhood

Estimated payment $661/month

Total Views 3,797
3 Beds
1.5 Baths
1,000-1,199 Sq Ft
$98 Price per Sq Ft

Highlights

  • Above Ground Pool
  • Traditional Architecture
  • Den
  • Updated Kitchen
  • Attic
  • Breakfast Area or Nook

About This Home

Investor opportunity in a strong rental market! This all-brick, low-maintenance, charming 3-bedroom, 1.5-bath home offers 1,080 sq. ft. of living space on a fenced 0.15-acre lot. Features include central heat and air, newer dimensional roof, updated electrical panel with room to expand, new thermostat, Kwikset SmartKey exterior locks, new LED lighting throughout, new switches/outlets/GFIs, and updated exterior lights. Interior highlights include a spacious den, large kitchen with ample cabinets and breakfast area, and renovated baths with tile flooring, new toilets, and updated venting. Bedrooms feature carpet, while common areas have tile flooring. Recent upgrades provide reduced maintenance and long-term value. Currently tenant-occupied with a long-term resident paying $1,150/month (month-to-month lease; market rent ~$1,300/month). Low-maintenance, income-producing property ideal for buy-and-hold investors seeking stable cash flow and future upside. Do not disturb the tenant.

Listing Agent

Heath Gooch

STIXNBRIX License #273330 Listed on: 08/27/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $533

Year Built

  • Built in 1972

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 60x115
  • Chain Link Fence
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,084 Sq Ft Home
  • 1-Story Property
  • Popcorn or blown ceiling
  • Window Treatments
  • Aluminum Window Frames
  • Den
  • Storage Room
  • Washer and Dryer Hookup

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Flooring

  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Remodeled Bathroom

Attic

  • Attic Access Panel
  • Pull Down Stairs to Attic

Home Security

  • Storm Windows
  • Fire and Smoke Detector
  • Iron Doors

Outdoor Features

  • Above Ground Pool
  • Patio
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • 220 Volts
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Smith Turley Rev Subdivision
  • Property managed by STIXNBRIX

Listing and Financial Details

  • Assessor Parcel Number 076127 00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$533

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: Neely
  • MAAR Subdivision Name: SMITH & TURLEY
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1084
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Full Bath Down, Half Bath Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1, Shared Bath, Carpet
  • Bedroom 3 Description: Level 1, Shared Bath, Carpet
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Part Carpet, Tile, Vinyl/Luxury Vinyl Floor, Textured Ceiling
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Equipment: Range/Oven, Dishwasher, Cable Wired, Cable Available
  • Living Dining Kitchen: Separate Den, Updated/Renovated Kitchen, Eat-In Kitchen, W/D Connection in Kitchen, Vinyl/Luxury Vinyl Floor
  • Misc Interior: All Window Treatments, Pull Down Attic Stairs, Attic Access, Cat/Dog Free House, Smoke Detector(s)
  • Other Rooms: Attic, Storage Room
  • Primary Bathroom Description: Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Half Bath, Carpet

Exterior Features

  • Misc Exterior: Patio, Chain Fence, Storage, Sidewalks
  • Exterior Windows: Brick Veneer, Aluminum Window(s), Storm Window(s)
  • Foundation: Slab
  • Pool Description: Above Ground
  • Roof: Composition Shingles

Garage/Parking

  • Parking Display: N0A
  • Parking Storage: Driveway/Pad, Storage Room(s)

Utilities

  • Cooling: Central, 220 Wiring
  • Heating: Central, Gas
  • Security: Smoke Detector(s), Iron Door(s), Dead Bolt Lock(s)
  • Water Sewer: Electric Water Heater, Public Water, Public Sewer

Association/Amenities

  • Management Company: STIXNBRIX

Lot Info

  • Lot Description: Level, Chain Fenced
  • Lot Number: 460
  • Acreage: 0.15
  • Lot Size: 60X115
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 076127 00003

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $533 $26,650 $3,875 $22,775
2024 $533 $15,725 $2,700 $13,025
2023 $958 $15,725 $2,700 $13,025
2022 $958 $15,725 $2,700 $13,025
2021 $427 $15,725 $2,700 $13,025
2020 $918 $12,675 $2,700 $9,975
2019 $405 $12,675 $2,700 $9,975
2018 $405 $12,675 $2,700 $9,975
2017 $415 $12,675 $2,700 $9,975
2016 $536 $12,275 $0 $0
2014 $536 $12,275 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2025 11/07/25 Price Changed $117,000 -2.4% $117 / Sq Ft
10/16/2025 10/16/25 Price Changed $119,900 -4.0% $120 / Sq Ft
08/27/2025 08/27/25 For Sale $124,900 +24.9% $125 / Sq Ft
05/18/2022 05/18/22 Sold $100,000 -5.7% $100 / Sq Ft View Prior Sale
04/25/2022 04/25/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $106,000 -- $106 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $100,000 John D Smith Pllc
Warranty Deed $45,000 Preferred Title & Escrow Llc
Special Warranty Deed $50,000 Us Land Title Llc
Trustee Deed $51,610 None Available
Warranty Deed $74,800 Equity Title & Escrow Co
Trustee Deed $39,620 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $80,000 New Conventional
Previous Owner $49,227 FHA
Previous Owner $67,320 Fannie Mae Freddie Mac
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10204432

Memphis Area Association of REALTORS®

APN: 07-6127-0-0003

Tennessee Shelby County Memphis 38109 Whitehaven

123 Loraine Rd, Memphis, TN

For Sale

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Heath Gooch
Listing Agent
Heath Gooch
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STIXNBRIX
(901) 657-4778