NOT LISTED FOR SALE

1508 E Raines Rd Memphis, TN 38116

Whitehaven Neighborhood

Estimated Value: $149,000 - $212,000

3 Beds
2 Baths
1,200-1,399 Sq Ft
$120/Sq Ft Est. Value

Last Sold December 11, 2014

Last sale price $89,900 $64 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $975/month

57 Days on Market

Highlights

  • Traditional Architecture
  • Level Lot
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of December 2014

PROPERTY CURRENTLY UNDER RENOVATION. NO SHOWINGS. PLEASE CALL LIST AGENT FOR MORE INFO. SEE ATTACHMENTS FOR SCOPE OF WORK. PROPERTY IS RENTED AND TO BE SOLD AS INVESTMENT. PROPERTY OCCUPIED BY TENANT WITH TENANTS RIGHTS.

Last Agent to Sell the Property

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 09/03/2014

Last Buyer's Agent

Mark Saller

Reedy Group II, LLC License #239921 Listed on: 09/03/2014

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1957

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,248 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Graceland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 078095 00017

Home Details

Home Type

Single Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: GRACELAND
  • List Price Per Sq Ft: 72
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1248
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Full Bathrooms: 2

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: 2
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 508
  • Acreage: 0.24

Tax Info

  • Assessor Parcel Number: 078095 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2014
Closed on
Dec 9, 2014
Sold by
Memphis Invest Gp
Bought by
Picket Fence Asset Management Llc
Seller's Agent
Mark Saller
Reedy Group II, LLC
Buyer's Agent
Mark Saller
Reedy Group II, LLC
List Price
$89,900
Sold Price
$89,900
Current Estimated Value
$170,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,079
Avg. Annual Appreciation
5.79%

Purchase Details

Closed on
Aug 21, 2014
Sold by
Evans Lakisha
Bought by
Memphis Invest Gp

Purchase Details

Closed on
Jun 20, 2008
Sold by
Kinder Karen Cowger and Madsen William C
Bought by
Evans Lakisha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,411
Interest Rate
6.43%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Picket Fence Asset Management Llc $89,900 Chicago Title Insurance Co
Memphis Invest Gp $38,500 None Available
Evans Lakisha $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Evans Lakisha $74,411
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2014 12/11/14 Sold $89,900 0.0% $75 / Sq Ft
10/30/2014 10/30/14 Pending -- -- --
09/03/2014 09/03/14 For Sale $89,900 -- $75 / 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 -- $37,200 $5,300 $31,900
2024 $951 $28,050 $4,075 $23,975
2023 $1,709 $28,050 $4,075 $23,975
2022 $1,709 $28,050 $4,075 $23,975
2021 $1,729 $28,050 $4,075 $23,975
2020 $1,614 $22,275 $4,075 $18,200
2019 $1,614 $22,275 $4,075 $18,200
2018 $1,614 $22,275 $4,075 $18,200
2017 $916 $22,275 $4,075 $18,200
2016 $746 $17,075 $0 $0
2014 $746 $17,075 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mark Saller

    Reedy Group II, LLC

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9936431

Memphis Area Association of REALTORS®

APN: 07-8095-0-0017

Tennessee Shelby County Memphis 38116 Whitehaven

1508 E Raines Rd, Memphis, TN

Not Listed for Sale

Detached

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