NOT LISTED FOR SALE

585 W Raines Rd Memphis, TN 38109

Westwood Neighborhood

Estimated Value: $86,000 - $111,000

3 Beds
2 Baths
1,200-1,399 Sq Ft
$69/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $70,000 $50 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $584/month

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • Central Heating and Cooling System
  • Wood Flooring
  • Den
  • Level Lot

About This Home

As of July 2021

Well maintained single-level home featuring 3 bedrooms, 2 bath, 1300+sqft. Previously rented for $875/mo. Cash Only. AS-IS condition. Easy to show. Nice home with great potential awaits your finishing touches. Call today for a private showing!

Last Agent to Sell the Property

Howard Vongpaseuth

Pinnacle Realty License #332620 Listed on: 06/24/2021

Last Buyer's Agent

Howard Vongpaseuth

Pinnacle Realty License #332620 Listed on: 06/24/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $503

Year Built

  • Built in 1960

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60x132
  • Chain Link Fence
  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,306 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Den

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Carport
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Chickasaw Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 075118 00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$503

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MLS Map #: 765A
  • MAAR Subdivision Name: CHICKASAW VILLAGE
  • List Price Per Sq Ft: 61
  • Number Of Stories: 1
  • Price Per Sq Ft: 53.6
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1306
  • Year Built: 1960
  • 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
  • Floors/Ceilings: Hardwood Throughout, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Separate Den
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Chain Fence
  • Exterior Windows: Brick Veneer

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Lot Description: Level
  • Lot Number: 4
  • Acreage: 0.18
  • Lot Size: 60X132
  • Price Per Acre: 444444

Multi Family

  • Number Of Rooms: 6

Tax Info

  • Assessor Parcel Number: 075118 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Jul 30, 2021
Sold by
Savvy Estate Gp
Bought by
Pitts Ativia Kyerra
Seller's Agent
Howard Vongpaseuth
Pinnacle Realty
Buyer's Agent
Howard Vongpaseuth
Pinnacle Realty
List Price
$80,000
Sold Price
$70,000
Premium/Discount to List
-$10,000
-12.5%
Total Days on Market
0
Current Estimated Value
$96,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,538
Avg. Annual Appreciation
8.71%
Original Mortgage
$56,000
Outstanding Balance
$51,359
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$45,179

Purchase Details

Listed on
Jun 24, 2021
Closed on
Jun 21, 2021
Sold by
Phillips Thomas L and Phillips Dorothy R
Bought by
Savvy Estates Gp
Seller's Agent
Howard Vongpaseuth
Pinnacle Realty
Buyer's Agent
Howard Vongpaseuth
Pinnacle Realty
List Price
$80,000
Sold Price
$70,000
Premium/Discount to List
-$10,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Outstanding Balance
$51,359
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$45,179
Source: Public Records

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Range of Values:

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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
Pitts Ativia Kyerra $70,000 Closetrak Llc
Savvy Estates Gp $60,000 Closetrak
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pitts Ativia Kyerra $56,000
Previous Owner Savvy Estates Gp $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $70,000 -12.5% $58 / Sq Ft
06/24/2021 06/24/21 For Sale $80,000 -- $67 / 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 $503 $23,775 $2,600 $21,175
2024 $503 $14,825 $2,150 $12,675
2023 $903 $14,825 $2,150 $12,675
2022 $903 $14,825 $2,150 $12,675
2021 $511 $14,825 $2,150 $12,675
2020 $1,023 $14,125 $2,150 $11,975
2019 $451 $14,125 $2,150 $11,975
2018 $451 $14,125 $2,150 $11,975
2017 $462 $14,125 $2,150 $11,975
2016 $570 $13,050 $0 $0
2014 $570 $13,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Howard Vongpaseuth

    Seller's Agent in 2021

    Howard Vongpaseuth

    Pinnacle Realty

    (901) 707-7700

    2 in this area

    134 Total Sales

    Howard Vongpaseuth
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10102434

Memphis Area Association of REALTORS®

APN: 07-5118-0-0003

Tennessee Shelby County Memphis 38109 Westwood

585 W Raines Rd, Memphis, TN

This home is located at 585 W Raines Rd, Memphis, TN 38109 since 24 June 2021 and is currently estimated at $96,538, approximately $69 per square foot. This property was built in 1960. 585 W Raines Rd is a home located in Shelby County with nearby schools including Levi Elementary School, Chickasaw Middle School, and Westwood High School.

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