NOT LISTED FOR SALE

1785 E Raines Rd Memphis, TN 38116

Whitehaven Neighborhood

Estimated Value: $129,405

24 Beds
-- Bath
-- Sq Ft
23,522 Sq Ft Lot

Last Sold September 30, 2015

Last sale price $25,000

Est. 418% increase in value since last sale

Current estimated payment $712/month

91 Days on Market

About This Home

As of September 2015

Property being sold AS IS. Units will need to be renovated. 2 Units have fire damage.

Last Agent to Sell the Property

Marlene McGhee

Eagle Lane Realty, LLC License #295883 Listed on: 06/18/2015

Last Buyer's Agent

Marlene McGhee

Eagle Lane Realty, LLC License #295883 Listed on: 06/18/2015

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1973

Lot Details

  • 0.54

Parking

  • Paved Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2-Story Property
  • Washer and Dryer Hookup

Additional Features

  • 23,522 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 12 Units
  • Hilderbrand Subdivision

Listing and Financial Details

  • Tenant pays for heating, gas, electric, water/sewer
  • Assessor Parcel Number 079013 00004

Property Details

Home Type

Apartment

Year Built

Built in 1973

Lot Details

0.54 Acres

Listing Details

  • Class: Multi-Family
  • Type: Apartment Building
  • MAAR Subdivision Name: HILDERBRAND
  • Freestanding: Yes
  • Number Of Stories: 2
  • Year Built: 1973
  • Construction: Wood/Composition
  • List Price Per Unit: 3333.33
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking Facility: Concrete

Utilities

  • Hot Water: Public Water
  • Cooling Systems: Central
  • Heating Systems: Central
  • Laundry: Connections

Lot Info

  • Lot Number: 6
  • Acreage: 0.54
  • Lot Size: 100.17/100 X 240/235

Rental Info

  • Tenant Pays: Heating, Gas, Electric, Water/Sewer

Tax Info

  • Assessor Parcel Number: 079013 00004

Multi Family

  • Total Number Of Units: 12
  • Number2 Bedroom Units: 12
  • Type of Unit: 2 BR - 1+ Baths, Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2015
Sold by
Chrysoberyl Llc
Bought by
1785 East Raines Road Llc
Current Estimated Value
$129,405

Purchase Details

Listed on
Jun 18, 2015
Closed on
Sep 25, 2015
Sold by
Mdm Investments Of Memphis Llc
Bought by
Chrysoberyl Llc
Seller's Agent
Marlene McGhee
Eagle Lane Realty, LLC
Buyer's Agent
Marlene McGhee
Eagle Lane Realty, LLC
List Price
$40,000
Sold Price
$25,000
Premium/Discount to List
-$15,000
-37.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.97%

Purchase Details

Closed on
Nov 17, 2014
Sold by
Bailey West Project 1 Gp
Bought by
Mdm Investments Of Memphis Llc

Purchase Details

Closed on
Apr 1, 2010
Sold by
Colbright Realty Development
Bought by
Bailey West Project 1 Gp

Purchase Details

Closed on
Jun 19, 2009
Sold by
Mohammed Imtinz and Mohammed Zoreeda
Bought by
Colbright Realty Development

Purchase Details

Closed on
Mar 14, 2008
Sold by
Cba 2004 & 1 Tennessee Holding Llc
Bought by
Mohammed Imtiaz and Mohammed Zoreeda

Purchase Details

Closed on
Sep 15, 2004
Sold by
Willoughby Anthony and Ray Alvin
Bought by
Mofor Sebastian and Mbamwi Afor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 1998
Sold by
Davis Danny B
Bought by
A & A Investment Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
6.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 1997
Sold by
Jones Connie R
Bought by
Davis Danny B

Purchase Details

Closed on
May 30, 1997
Sold by
Davis Danny B
Bought by
Jones Connie R
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
1785 East Raines Road Llc $68,600 Attorney
Chrysoberyl Llc $25,000 Baymark Title & Escrow Svcs
Mdm Investments Of Memphis Llc $25,000 Preferred Title & Escrow Llc
Bailey West Project 1 Gp $31,000 Preferred Title & Escrow Llc
Colbright Realty Development -- None Available
Mohammed Imtiaz $100,000 Preferred Title & Escrow Llc
Mofor Sebastian $300,000 Community Equity & Title Inc
A & A Investment Company $185,000 --
A & A Investment Company $185,000 --
Davis Danny B -- Memphis Title
Davis Danny B -- Memphis Title
Jones Connie R -- --
Jones Connie R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mofor Sebastian $240,000
Previous Owner A & A Investment Company $182,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2015 09/30/15 Sold $25,000 -37.5% --
09/17/2015 09/17/15 Pending -- -- --
06/18/2015 06/18/15 For Sale $40,000 -- --
Source: Memphis Area Association of REALTORS®

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 $380 $11,360 $10,680 $680
2024 $380 $11,200 $10,680 $520
2023 $682 $11,200 $10,680 $520
2022 $682 $11,200 $10,680 $520
2021 $690 $11,200 $10,680 $520
2020 $806 $11,120 $10,680 $440
2019 $806 $11,120 $10,680 $440
2018 $806 $11,120 $10,680 $440
2017 $457 $11,120 $10,680 $440
2016 $1,199 $27,440 $0 $0
2014 $1,199 $27,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Marlene McGhee

    Eagle Lane Realty, LLC

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9954674

Memphis Area Association of REALTORS®

APN: 07-9013-0-0004

Tennessee Shelby County Memphis 38116 Whitehaven

1785 E Raines Rd, Memphis, TN

Not Listed for Sale

MultiFamily

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