$117,877
$3,000 since September
This home's estimate is 4.4% higher than the average sale price ($113K) of 5 comparable homes.
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Off market
$117,877
3
bd•
1 ba
•
1,280
sq ft
1040 E Raines Rd, Memphis, TN 38116
About this home
1040 E Raines Rd is a 1,280 square foot house on a 0.42 acre lot with 3 bedrooms and 1 bathroom. Based on Redfin's Memphis data, we estimate the home's value is $117,877.
Single-familyProperty Type
1951Year Built
0.42 acresLot Size
$92Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
Earn from this home
Rent
$1,277/mo
Redfin rental estimate
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Market trends in 38116, TN
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-List Price
98.9%
1.0% MoM
Median sale price
$142K
$861 MoM
Avg. days on market
24d
4 days MoM
Recently sold homes
45
3 MoM
New listings for sale
Provided by Redfin
Property details
Around this home
Lifestyle
Provided by Walk Score and Local Logic
Sun exposure
In this area, properties receive around 10.6 hours in June and 4.8 hours in December, placing it above the U.S. average for solar exposure.
JuneDecember
Provided by Shadowmap
Estimated sale price
$112,000 – $136,000
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