$912,000
SOLD AUG 15, 2024

1283 E Raines Rd Memphis, TN 38116

Whitehaven Neighborhood
28 Beds
-- Bath
14,216 Sq Ft
0.49 Acres

Recently Sold

$64 Per Sq Ft

8% Below List Price

100 Days on Market

About This Home

As of August 2024

This 16 unit building is located just south of the Graceland area of Whitehaven. There are 4-2br and and 12-1br units. The scheduled monthly rents are 12795/mo. All 16 units have been fully renovated with granite countertops, new doors, tubs, tile, vanities & new flooring. All have new furnaces, condensers & hot water heaters installed. Drive by only. Please do not disturb the residents.

Last Agent to Sell the Property

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 04/02/2024

Crye-Leike Commercial

Last Buyer's Agent

Jeffrey Moore

Crye-Leike Commercial License #250330 Listed on: 04/02/2024

Crye-Leike Commercial

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1964

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 100x217

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 14,216 Sq Ft Home
  • 2-Story Property

Kitchen

  • Built-In Range
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 079002 00006

Community Details

Overview

  • Whitehaven 1St Addn Subdivision

Building Details

Home Details

Home Type

Single Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MLS Map #: 768A
  • MAAR Subdivision Name: WHITEHAVEN 1ST ADD
  • Freestanding: Yes
  • Number Of Stories: 2
  • Price Per Sq Ft: 1861224.49
  • Estimated Sq Ft: 14216
  • Year Built: 1964
  • Construction: Brick, Brick/Veneer, Wood/Composition
  • List Price/ Sq Ft: 70
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Floors/Ceilings: Tile, Vinyl Floor
  • Appliances Equipment: Refrigerator, Range/Oven (Built-In), Dishwasher

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Electrical
  • Cooling Systems: Central
  • Heating Systems: Central

Lot Info

  • Lot Number: 5
  • Acreage: 0.49
  • Lot Size: 100X217
  • Price Per Acre: 2030612
  • Geo Subdivision: TN

Rental Info

  • Actual Annual Rent: 153540
  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 079002 00006

Multi Family

  • Perc Occ: 93
  • Total Number Of Units: 16
  • Number1 Bedroom Units: 4
  • Number2 Bedroom Units: 12
  • Type of Unit: 1 BR - 1 Bath, 2 BR - 1 Bath

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 Sold $912,000 -8.3% $64 / Sq Ft
07/11/2024 07/11/24 Pending -- -- --
07/06/2024 07/06/24 For Sale $995,000 0.0% $70 / Sq Ft
06/19/2024 06/19/24 Pending -- -- --
05/26/2024 05/26/24 Price Changed $995,000 -11.6% $70 / Sq Ft
04/29/2024 04/29/24 Price Changed $1,125,000 -4.3% $79 / Sq Ft
04/26/2024 04/26/24 For Sale $1,175,000 0.0% $83 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
04/02/2024 04/02/24 For Sale $1,175,000 -- $83 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Moore

    Seller's Agent in 2024

    Jeffrey Moore

    Crye-Leike

    (901) 409-5671

    4 in this area

    95 Total Sales

    Jeffrey Moore
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10169238

Memphis Area Association of REALTORS®

Tennessee Shelby County Memphis 38116 Whitehaven

1283 E Raines Rd, Memphis, TN

This home is located at 1283 E Raines Rd, Memphis, TN 38116 and is currently priced at $912,000, approximately $64 per square foot. This property was built in 1964. 1283 E Raines Rd is a home located in Shelby County with nearby schools including Robert R. Church Elementary School, A. Maceo Walker Middle School, and Freedom Preparatory Academy Elementary School.

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