123 Loraine Rd Memphis, TN 38109
Whitehaven NeighborhoodEstimated payment $724/month
Total Views
651
3
Beds
1.5
Baths
1,000-1,199
Sq Ft
$104
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 $1,000/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.
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
Map
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Home Values in the Area
Average Home Value in this Area
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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 | $51,414 | Credit Line Revolving | |
| Previous Owner | $6,564 | FHA | |
| Previous Owner | $49,227 | FHA | |
| Previous Owner | $67,320 | Fannie Mae Freddie Mac | |
| Previous Owner | $7,480 | Unknown |
Source: Public Records
Similar Homes in Memphis, TN
Source: Memphis Area Association of REALTORS®
MLS Number: 10204432
APN: 07-6127-0-0003
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