NOT LISTED FOR SALE

1340 E Raines Rd Memphis, TN 38116

Whitehaven Neighborhood

Estimated Value: $142,000 - $158,000

3 Beds
1.5 Baths
1,400-1,599 Sq Ft
$93/Sq Ft Est. Value

Last Sold February 24, 2012

Last sale price $26,000 $16 Per Sq Ft

Est. 473% increase in value since last sale

Current estimated payment $852/month

Highlights

  • Traditional Architecture
  • 2 Car Attached Garage
  • Level Lot
  • Separate Formal Living Room
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of February 2012

THIS IS A FANNIE MAE HOMEPATH PROPERTY. THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION MORTGAGE FINANCING. THIS HOMES FEATURES 3 BEDROOMS & 1 1/2 BATHS. EXCELLENT HOME FOR 1ST TIME HOME BUYERS OR GREAT AS INVESTMENT PROPERTY.

Last Agent to Sell the Property

Kenneth Tate

Tate Realty and Construction License #56020 Listed on: 01/09/2012

Last Buyer's Agent

Kenneth Tate

Tate Realty and Construction License #56020 Listed on: 01/09/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $712

Year Built

  • Built in 1956

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,400-1,599 Sq Ft Home
  • 1,464 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 2 Car Attached Garage
  • Carport

Utilities

  • Central Heating and Cooling System

Community Details

  • Graceland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 078099 00014

Home Details

Home Type

Single Family

Est. Annual Taxes

$712

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 764B
  • MAAR Subdivision Name: GRACELAND
  • Number Of Stories: 1
  • Price Per Sq Ft: 17.76
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1464
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Heated Sq Ft Range: 1400-1599
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Dining Kitchen: Separate Living Room
  • Total Bathrooms: 1.1

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 2
  • Parking Display: C2A

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 174
  • Acreage: 0.24
  • Lot Size: 10740

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 078099 00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2012
Sold by
Memphis Investment Rental Properties Llc
Bought by
Gagido Enterprises Llc
Current Estimated Value
$148,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 9, 2012
Closed on
Apr 11, 2012
Sold by
Fannie Mae
Bought by
Memphis Investment Properties Llc
Seller's Agent
Kenneth Tate
Tate Realty and Construction
Buyer's Agent
Kenneth Tate
Tate Realty and Construction
List Price
$32,500
Sold Price
$26,000
Premium/Discount to List
-$6,500
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.66%
Original Mortgage
$31,200
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2011
Sold by
Strickland Ernest D and Strickland Karen
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 8, 2005
Sold by
Bassett James E
Bought by
Hud

Purchase Details

Closed on
Dec 17, 2004
Sold by
Bassett James E
Bought by
Hud

Purchase Details

Closed on
Apr 10, 2001
Sold by
Clark Dorothy M
Bought by
Bassett James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,602
Interest Rate
7.01%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 30, 1995
Bought by
Radefeld William D and Radefeld Don
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gagido Enterprises Llc $283,500 None Available
Memphis Investment Properties Llc $26,000 None Available
Federal National Mortgage Association $93,374 None Available
Hud $82,638 --
Hud $82,638 --
Hud $82,638 --
Bassett James E $76,200 --
Bassett James E -- Security Title Company Inc
Radefeld William D $53,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gagido Enterprises Llc $223,000
Previous Owner Memphis Investment Properties Llc $31,200
Previous Owner Bassett James E $75,602
Closed Bassett James E $4,252
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2012 02/24/12 Sold $26,000 -20.0% $19 / Sq Ft
02/10/2012 02/10/12 Pending -- -- --
01/09/2012 01/09/12 For Sale $32,500 -- $23 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

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 $712 $32,500 $5,300 $27,200
2024 $712 $21,000 $4,075 $16,925
2023 $1,279 $21,000 $4,075 $16,925
2022 $1,279 $21,000 $4,075 $16,925
2021 $1,294 $21,000 $4,075 $16,925
2020 $1,293 $17,850 $4,075 $13,775
2019 $1,293 $17,850 $4,075 $13,775
2018 $1,293 $17,850 $4,075 $13,775
2017 $734 $17,850 $4,075 $13,775
2016 $734 $16,800 $0 $0
2014 $734 $16,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2012

    Kenneth Tate

    Tate Realty and Construction

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3238509

Memphis Area Association of REALTORS®

APN: 07-8099-0-0014

Tennessee Shelby County Memphis 38116 Whitehaven

1340 E Raines Rd, Memphis, TN

This home is located at 1340 E Raines Rd, Memphis, TN 38116 since 09 January 2012 and is currently estimated at $148,982, approximately $93 per square foot. This property was built in 1956. 1340 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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