516 E Raines Rd Memphis, TN 38109
Whitehaven NeighborhoodEstimated payment $1,281/month
Total Views
253
6
Beds
2.5
Baths
1,400-1,599
Sq Ft
$125
Price per Sq Ft
Highlights
- Very Popular Property
- Separate Formal Living Room
- Some Wood Windows
- Main Floor Primary Bedroom
- Circular Driveway
- Patio
About This Home
Well-maintained 6-bed, 2.5-bath home in Whitehaven with tons of potential! The main house offers 4 beds, 1.5 baths, updated front windows, and a 2-year-old roof. Enjoy a spacious in-and-out front driveway and a huge backyard. The separate in-law suite features 2 beds, 1 full bath, LR, kitchen, its own address, and private parking pad—perfect for rental income or multigenerational living. Previously used as a commercial tax office. SOLD AS IS. Ideal for investors seeking dual income or homeowners looking to rent part of the home. No owner financing. Don’t miss this versatile opportunity! Seller will need to remain in the property 30 days after closing. For appointments please contact Broker Bay who will make arrangements with the Seller to show the property. No sign / no keybox available.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,081
Year Built
- Built in 1953
Lot Details
- 0.42 Acre Lot
- Lot Dimensions are 100x185
- Few Trees
Home Design
- Composition Shingle Roof
Interior Spaces
- 1,400-1,599 Sq Ft Home
- 1,478 Sq Ft Home
- 1.5-Story Property
- Some Wood Windows
- Aluminum Window Frames
- Separate Formal Living Room
- Dining Room
- Partially Carpeted
- Iron Doors
Bedrooms and Bathrooms
- 6 Bedrooms | 4 Main Level Bedrooms
- Primary Bedroom on Main
Parking
- 1 Car Garage
- Front Facing Garage
- Circular Driveway
Outdoor Features
- Patio
- Outdoor Storage
Utilities
- Central Heating and Cooling System
- Window Unit Cooling System
Community Details
- None Listed Subdivision
Listing and Financial Details
- Assessor Parcel Number 076023 00016
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,081 | $63,680 | $9,640 | $54,040 |
| 2024 | $2,081 | $61,400 | $8,320 | $53,080 |
| 2023 | $3,740 | $61,400 | $8,320 | $53,080 |
| 2022 | $3,740 | $61,400 | $8,320 | $53,080 |
| 2021 | $3,784 | $61,400 | $8,320 | $53,080 |
| 2020 | $2,362 | $32,600 | $8,320 | $24,280 |
| 2019 | $2,362 | $32,600 | $8,320 | $24,280 |
| 2018 | $2,362 | $32,600 | $8,320 | $24,280 |
| 2017 | $1,340 | $32,600 | $8,320 | $24,280 |
| 2016 | $1,407 | $32,200 | $0 | $0 |
| 2014 | $1,407 | $32,200 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | For Sale | $200,000 | -- | $143 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $67,584 | Commercial | |
| Closed | $76,762 | Commercial | |
| Closed | $20,000 | Commercial | |
| Closed | $54,250 | Commercial |
Source: Public Records
Similar Homes in Memphis, TN
Source: Memphis Area Association of REALTORS®
MLS Number: 10201456
APN: 07-6023-0-0016
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