Closed

$240,000

1608 E Raines Rd, Memphis, TN 38106

3beds

2,556sqft

Single Family Residence, Residential

Built in 1960

0.4 Acres Lot

$250,000 Zestimate^®

$94/sqft

$1,464 Estimated rent

Home value

$250,000

$235,000 - $265,000

$1,464/mo

Zestimate^® history

Owner options

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$1,464/mo

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$1,464/mo

Rent Zestimate^®

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$1,549/mo

Est. payment

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$1,549/mo

Est. payment

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What's special

This Large home offers over 2500 sq ft with 3 BR'S, 2 BTH'S, Bonus Rooms, Office, Formal Living Room, Dining Room, Den and Extended Parking. This home has been updated with a new kitchen, bathrooms, flooring, painting (inside & outside) plus new decking. Great location near schools, library, shopping and only minutes from I-240, I-55 and Fed-Ex. Seller will furnish a stove and refrigerator prior to closing.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Electric

Cooling

Central Air, Wall/Window Unit(s)

Features

Flooring: Wood, Tile
Number of fireplaces: 1

Interior area

Total structure area: 2,556
Total interior livable area: 2,556 sqft

Property

Parking

Parking features: Parking Pad
Has uncovered spaces: Yes

Features

Levels: Three Or More
Stories: 1
Patio & porch: Porch

Lot

Size: 0.40 Acres
Dimensions: No120 x 146

Details

Additional structures: Storage
Parcel number: 078091 00015
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence, Residential

Materials

Roof: Shingle

Condition

New construction: No
Year built: 1960

Utilities & green energy

Sewer: Other
Water: Other
Utilities for property: Electricity Available

Community & neighborhood

Location

Region: Memphis
Subdivision: Graceland

Price history

Date	Event	Price
7/31/2023	Sold	$240,000-2%$94/sqft
Source: RealTracs MLS as distributed by MLS GRID #3114060 Report a problem
7/13/2023	Pending sale	$245,000$96/sqft
Source: MAAR #10148938 Report a problem
6/23/2023	Contingent	$245,000$96/sqft
Source: MAAR #10148938 Report a problem
6/17/2023	Price change	$245,000-1.6%$96/sqft
Source: MAAR #10148938 Report a problem
5/30/2023	Listed for sale	$249,000+99.2%$97/sqft
Source: MAAR #10148938 Report a problem
12/12/2022	Sold	$125,000+68.9%$49/sqft
Source: Public Record Report a problem
5/8/2008	Sold	$74,000-29.4%$29/sqft
Source: Public Record Report a problem
2/8/2008	Sold	$104,778+19.7%$41/sqft
Source: Public Record Report a problem
9/4/2002	Sold	$87,500+7.2%$34/sqft
Source: Public Record Report a problem
1/16/2002	Sold	$81,609-23%$32/sqft
Source: Public Record Report a problem
5/12/2000	Sold	$106,000$41/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,454 +28.4%	$84,500 +60.4%
2024	$3,469 +30.8%	$52,675 +21%
2023	$2,651	$43,525
2022	--	$43,525
2021	--	$43,525 +51.1%
2020	$920	$28,800
2019	$920 -21.1%	$28,800
2018	$1,166 -45.1%	$28,800
2017	$2,126 +122.5%	$28,800 +2.5%
2016	$955 -13.2%	$28,100
2014	$1,100	$28,100
2013	--	$28,100 -18.6%
2012	--	$34,500
2011	--	$34,500 -7.2%
2010	--	$37,175
2009	--	$37,175 +9.9%
2008	--	$33,825
2007	--	$33,825
2006	--	$33,825
2005	--	$33,825 +18.5%
2004	--	$28,550
2003	--	$28,550
2002	--	$28,550
2001	--	$28,550 +14%
2000	--	$25,050