NOT LISTED FOR SALE

1516 E Raines Rd Memphis, TN 38116

Whitehaven Neighborhood

Estimated Value: $142,000 - $149,000

3 Beds
2 Baths
1,113 Sq Ft
$132/Sq Ft Est. Value

About This Home

This home is located at 1516 E Raines Rd, Memphis, TN 38116 and is currently estimated at $146,913, approximately $131 per square foot. 1516 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2025
Sold by
Gray Derwin L
Bought by
Derwin L Gray Revocable Living Trust
Current Estimated Value
$146,913

Purchase Details

Closed on
Apr 11, 2007
Sold by
Wells Fargo Financial Tennessee Inc
Bought by
Gray Derwin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,880
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 11, 2006
Sold by
Palmoore Clinton and Palmoore Shirley
Bought by
Wells Fargo Financial Tennessee Inc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Derwin L Gray Revocable Living Trust -- Regency Title & Escrow
Gray Derwin L $53,200 Assured Escrow & Title
Wells Fargo Financial Tennessee Inc $50,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gray Derwin L $47,880
Source: Public Records

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 -- $32,575 $5,300 $27,275
2024 $667 $19,675 $4,075 $15,600
2023 $1,199 $19,675 $4,075 $15,600
2022 $1,199 $19,675 $4,075 $15,600
2021 $1,213 $19,675 $4,075 $15,600
2020 $1,326 $18,300 $4,075 $14,225
2019 $1,326 $18,300 $4,075 $14,225
2018 $1,326 $18,300 $4,075 $14,225
2017 $752 $18,300 $4,075 $14,225
2016 $700 $16,025 $0 $0
2014 $700 $16,025 $0 $0
Source: Public Records

Map

Tennessee Shelby County Memphis 38116 Whitehaven

1516 E Raines Rd, Memphis, TN

This home is located at 1516 E Raines Rd, Memphis, TN 38116 and is currently estimated at $146,913, approximately $131 per square foot. 1516 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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