NOT LISTED FOR SALE

729 E Raines Rd Memphis, TN 38116

Whitehaven Neighborhood

Estimated Value: $79,000 - $142,000

2 Beds
1 Bath
1,870 Sq Ft
$59/Sq Ft Est. Value

Last Sold November 04, 2024

Last sale price $88,000 $47 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $680/month

9 Days on Market

Highlights

  • Traditional Architecture
  • Tile Flooring
  • Combination Dining and Living Room
  • Brick Veneer
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of November 2024

Awesome Investment Property. Please do not disturb the tenants. Showings after an accepted offer. No wholesale or assignments. Rent received from the combined monthly rent is well over 1%.

Last Agent to Sell the Property

Kevin Brown

eXp Realty, LLC License #364387 Listed on: 09/22/2024

eXp Realty, LLC

Last Buyer's Agent

Kevin Brown

eXp Realty, LLC License #364387 Listed on: 09/22/2024

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 90x175
  • Few Trees

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Veneer

Interior Spaces

  • 1,870 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Tile Flooring
  • Free-Standing Range

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Lacey Mosbys Whitehaven Park Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 077037 00005

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • Style: Traditional
  • Second Address Number: 727
  • MAAR Subdivision Name: WHITEHAVEN PARK
  • Freestanding: Yes
  • Number Of Stories: 1
  • Estimated Sq Ft: 1870
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors/Ceilings: Tile
  • Appliances Equipment: Range/Oven (Freestanding)

Exterior Features

  • Exterior Windows: Brick Veneer

Garage/Parking

  • Parking: Driveway/Pad

Utilities

  • Cooling: Central Cooling
  • Heating: Central
  • Hot Water: Electric

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 3
  • Acreage: 0.36
  • Lot Size: 90X175
  • Geo Subdivision: TN

Rental Info

  • Tenants Pay: All Utilities
  • Type Of Leases: Year

Tax Info

  • Assessor Parcel Number: 077037 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2025
Sold by
Magalhaes Filho Carlos Daniel De
Bought by
Guszazu Llc
Current Estimated Value
$109,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$149,747
Interest Rate
6.86%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$40,342

Purchase Details

Listed on
Sep 22, 2024
Closed on
Oct 30, 2024
Sold by
Saif Rental Management Llc
Bought by
Filho Carlos Daniel De Ma
Seller's Agent
Kevin Brown
eXp Realty, LLC
Buyer's Agent
Kevin Brown
eXp Realty, LLC
List Price
$99,000
Sold Price
$88,000
Premium/Discount to List
-$11,000
-11.11%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.45%
Original Mortgage
$123,400
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2020
Sold by
Cochran Cody Mitchell
Bought by
Saif Rental Management Llc

Purchase Details

Closed on
Aug 26, 2016
Sold by
Anderson Rex D and Anderson Beverly D
Bought by
Three State Investments Llc

Purchase Details

Closed on
Aug 9, 2016
Sold by
Three States Investments
Bought by
Cochran Cody Mitchell
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
Guszazu Llc -- None Listed On Document
Filho Carlos Daniel De Ma $88,000 Saddle Creek Title
Saif Rental Management Llc $36,000 Saddle Creek Title
Three State Investments Llc -- None Available
Cochran Cody Mitchell -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guszazu Llc $150,000
Previous Owner Filho Carlos Daniel De Ma $123,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2024 11/04/24 Sold $88,000 -11.1% $47 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/22/2024 09/22/24 For Sale $99,000 0.0% $53 / Sq Ft
05/06/2022 05/06/22 Rented $695 0.0% --
05/06/2022 05/06/22 Under Contract -- -- --
04/19/2022 04/19/22 Price Changed $695 -7.3% $0 / Sq Ft
04/12/2022 04/12/22 Price Changed $750 -5.7% $0 / Sq Ft
03/11/2022 03/11/22 For Rent $795 -- --
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 -- $38,600 $7,400 $31,200
2024 -- $27,480 $5,400 $22,080
2023 $1,674 $27,480 $5,400 $22,080
2022 $1,674 $27,480 $5,400 $22,080
2021 $1,990 $27,480 $5,400 $22,080
2020 $1,817 $25,080 $5,400 $19,680
2019 $802 $25,080 $5,400 $19,680
2018 $802 $25,080 $5,400 $19,680
2017 $820 $25,080 $5,400 $19,680
2016 $1,140 $26,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Kevin Brown

    eXp Realty, LLC

    6 in this area

    159 Total Sales

    Kevin Brown
    Section Image
  • Randell Richmond

    Seller's Agent in 2022

    Randell Richmond

    eXp Realty, LLC

    (580) 483-7740

    57 Total Sales

    Randell Richmond
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10181756

Memphis Area Association of REALTORS®

APN: 07-7037-0-0005

Tennessee Shelby County Memphis 38116 Whitehaven

729 E Raines Rd, Memphis, TN

Not Listed for Sale

MultiFamily

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