Seller's Agent in 2025
Andrew Akins
CB Properties of Memphis, LLC
(901) 277-6567
51 in this area
337 Total Sales
494 E Raines Rd Memphis, TN 38109
Whitehaven Neighborhood
3
Beds
1
Bath
1,200-1,399
Sq Ft
0.42
Acres
Highlights
- Traditional Architecture
- Level Lot
- 1-Story Property
- Dining Room
- Wall to Wall Carpet
About This Home
As of September 2024This home is located at 494 E Raines Rd, Memphis, TN 38109 and is currently priced at $35,000, approximately $29 per square foot. This property was built in 1948. 494 E Raines Rd is a home located in Shelby County with nearby schools including Westhaven Elementary School, A. Maceo Walker Middle School, and Dubois Elementary School Of Arts Technology.
Home Details
Home Type
- Single Family
Year Built
- Built in 1948
Lot Details
- 0.42 Acre Lot
- Lot Dimensions are 100x185
- Level Lot
Home Design
- Traditional Architecture
Interior Spaces
- 1,200-1,399 Sq Ft Home
- 1,286 Sq Ft Home
- 1-Story Property
- Dining Room
- Wall to Wall Carpet
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Parking
- 2 Parking Spaces
- Carport
- Driveway
Utilities
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
Community Details
- Hodges Raines Development Subdivision
Listing and Financial Details
- Assessor Parcel Number 076023 00018
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 11, 2024
Closed on
Sep 6, 2024
Sold by
Redwine Joel Thomas and Redwine Kathleen Anne
Bought by
Memphis Turnkey Properties Gp
Seller's Agent
Andrew Akins
CB Properties of Memphis, LLC
Buyer's Agent
Andrew Akins
CB Properties of Memphis, LLC
List Price
$115,000
Sold Price
$80,000
Premium/Discount to List
-$35,000
-30.43%
Views
41
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.58%
Original Mortgage
$110,000
Interest Rate
6.78%
Mortgage Type
Construction
Purchase Details
Listed on
Oct 5, 2021
Closed on
Dec 20, 2021
Sold by
Tran Thien and Jung Bi Chan
Bought by
Redwine Joel Thomas and Redwine Kathleen Anne
Seller's Agent
Terrance Hill
eXp Realty, LLC
Buyer's Agent
Curt Davis
KAIZEN Realty, LLC
List Price
$87,000
Sold Price
$87,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.06%
Original Mortgage
$69,600
Interest Rate
3.05%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 28, 2020
Closed on
Dec 3, 2020
Sold by
Harris Jarvis and Harris Jeremy
Bought by
Tran Thein and Jung Bi Chan
Seller's Agent
John Quinn
REMAX Experts
Buyer's Agent
Terrance Hill
eXp Realty, LLC
List Price
$40,000
Sold Price
$35,000
Premium/Discount to List
-$5,000
-12.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
132.36%
Purchase Details
Closed on
Mar 9, 2006
Sold by
Doty Harrell Jefferson
Bought by
Harris John and Harris Shirley
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Interest Rate
6.19%
Mortgage Type
Fannie Mae Freddie Mac
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $80,000 | Home Surety Title | |
| Warranty Deed | $87,000 | None Available | |
| Warranty Deed | $35,000 | Foundation T&E Memphis | |
| Warranty Deed | $55,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $110,000 | Construction | |
| Previous Owner | $69,600 | New Conventional | |
| Previous Owner | $49,500 | Fannie Mae Freddie Mac |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/02/2025 09/02/25 | Pending | -- | -- | -- |
| 07/11/2025 07/11/25 | Price Changed | $125,500 | -3.1% | $105 / Sq Ft |
| 06/11/2025 06/11/25 | For Sale | $129,500 | +61.9% | $108 / Sq Ft |
| 09/11/2024 09/11/24 | Sold | $80,000 | -19.2% | $67 / Sq Ft |
| 08/21/2024 08/21/24 | Pending | -- | -- | -- |
| 08/13/2024 08/13/24 | Price Changed | $99,000 | -2.0% | $83 / Sq Ft |
| 07/23/2024 07/23/24 | Price Changed | $101,000 | -3.8% | $84 / Sq Ft |
| 07/09/2024 07/09/24 | Price Changed | $105,000 | -4.5% | $88 / Sq Ft |
| 06/21/2024 06/21/24 | Price Changed | $110,000 | -4.3% | $92 / Sq Ft |
| 06/11/2024 06/11/24 | For Sale | $115,000 | +32.2% | $96 / Sq Ft |
| 12/30/2021 12/30/21 | Sold | $87,000 | 0.0% | $73 / Sq Ft |
| 11/19/2021 11/19/21 | Pending | -- | -- | -- |
| 10/05/2021 10/05/21 | For Sale | $87,000 | +148.6% | $73 / Sq Ft |
| 12/01/2020 12/01/20 | Sold | $35,000 | -12.5% | $29 / Sq Ft |
| 11/02/2020 11/02/20 | Pending | -- | -- | -- |
| 10/28/2020 10/28/20 | For Sale | $40,000 | -- | $33 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Tax History Compared to Growth
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 | -- | $23,600 | $4,300 | $19,300 |
| 2024 | $581 | $17,125 | $3,450 | $13,675 |
| 2023 | $1,043 | $17,125 | $3,450 | $13,675 |
| 2022 | $1,043 | $17,125 | $3,450 | $13,675 |
| 2021 | $465 | $17,125 | $3,450 | $13,675 |
| 2020 | $703 | $9,700 | $3,450 | $6,250 |
| 2019 | $310 | $9,700 | $3,450 | $6,250 |
| 2018 | $310 | $9,700 | $3,450 | $6,250 |
| 2017 | $317 | $9,700 | $3,450 | $6,250 |
| 2016 | $451 | $10,325 | $0 | $0 |
| 2014 | $451 | $10,325 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Akins
-
Terrance Hill
Seller's Agent in 2021
Terrance Hill
eXp Realty, LLC
(901) 691-2722
8 in this area
112 Total Sales
-
Curt Davis
C
Buyer's Agent in 2021
Curt Davis
KAIZEN Realty, LLC
(605) 310-7929
13 in this area
102 Total Sales
-
John Quinn
Seller's Agent in 2020
John Quinn
RE/MAX
(901) 481-2008
3 in this area
312 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10088490
APN: 07-6023-0-0018
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