Great investment opportunity for investors. This property has been used as a cash flowing property. The house is in need of some repairs. The property is being sold AS IS condition.
Single-familyProperty Type
1961Year Built
0.25 acresLot Size
$101Est. Price/Sq.Ft.
1 spaceParking
Listed by Nicholas Bolding• Premier Realty Group, LLC
Bought with Meatha Haynes Tapley• Crye-Leike, Inc., REALTORS
Memphis Area Association of Realtors(R) MLS #10132565
Dec 20, 2022
Sold
$75,000
$54/sq ft
Oct 25, 2022
Price Changed
$95,000
$68/sq ft
Sep 1, 2022
Listed
$110,000
$79/sq ft
Memphis Area Association of Realtors(R) MLS #9964329
Dec 28, 2015
Sold
$83,900
$60/sq ft
Oct 30, 2015
Listed
$83,900
$60/sq ft
PROPERTY CURRENTLY UNDER RENOVATION. NO SHOWINGS. PLEASE CALL LIST AGENT FOR MORE INFO. SEE ATTACHMENTS FOR SCOPE OF WORK. PROPERTY IS RENTED AND TO BE SOLD AS INVESTMENT. PROPERTY OCCUPIED BY TENANT WITH TENANTS RIGHTS.
Memphis Area Association of Realtors(R) MLS #9958655
Oct 26, 2015
Sold
$13,500
$10/sq ft
Oct 7, 2015
Price Changed
$19,900
$14/sq ft
Aug 10, 2015
Listed
$23,499
$17/sq ft
Great price, located convenient to Graceland and all city services; 3 bedroom 1.5 bath all on one level; needs some TLC but has tons of potential. Source of funds or commitment letter required with all offers.
Public Records
May 31, 1994
Sold
$45,000
$32/sq ft
Public Records
Mar 5, 1968
Sold
$14,800
$11/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,065 (+23.1%)
$5,300 + $33,875
$39,175
2024
$1,678 (+8.1%)
$5,300 + $33,875
$39,175
2023
$1,552
$4,075 + $21,400
$25,475
2022
$1,552 (−1.2%)
$4,075 + $21,400
$25,475
2021
$1,570 (+10.5%)
$4,075 + $21,400
$25,475
2020
$1,420
$4,075 + $21,400
$25,475
2019
$1,420
$4,075 + $15,525
$19,600
2018
$1,420 (+76.3%)
$4,075 + $15,525
$19,600
2017
$806 (+7.1%)
$4,075 + $15,525
$19,600
2016
$752
$4,075 + $15,525
$19,600
2014
$752
$4,075 + $13,150
$17,225
Tax history for 1316 E Raines Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,065 (+23.1%)
$5,300 + $33,875
$39,175
2024
$1,678 (+8.1%)
$5,300 + $33,875
$39,175
2023
$1,552
$4,075 + $21,400
$25,475
2022
$1,552 (−1.2%)
$4,075 + $21,400
$25,475
2021
$1,570 (+10.5%)
$4,075 + $21,400
$25,475
2020
$1,420
$4,075 + $21,400
$25,475
2019
$1,420
$4,075 + $15,525
$19,600
2018
$1,420 (+76.3%)
$4,075 + $15,525
$19,600
2017
$806 (+7.1%)
$4,075 + $15,525
$19,600
2016
$752
$4,075 + $15,525
$19,600
2014
$752
$4,075 + $13,150
$17,225
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
3
Baths
1.5
Stories
1
Lot width
83 ft.
Lot depth
132 ft.
Lot size
0.25 Acres
Year renovated
1987
Sq. Ft.
1,400
Year built
1958
Style
Single Family Residential
County
Shelby County
APN
078099 00017
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
R-10
Residential Single-Family-10 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. 5 single-family residential districts are established-R-10 which are differentiated primarily on the basis of minimum lot area and setback requirements.; New R-10 districts are generally located at least 1,500 to 2,000 ft from a CMU-1, CMU-2, CMU-3 or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space
Feb 2, 2022 • Final
Residential plumbing
Replace the sewer mainline.
Plumbing
Oct 7, 2020 • Final
Residential electrical
Replace electrical receptacles in the den and bedrooms. Install smoke and carbon monoxide detectors. Replace a ceiling fan with a light fixture in the den and install new exterior lights at the front and back of the building.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
# of Covered Parking Spaces: 1
Parking/Storage: Driveway/Pad
Interior
Bedroom Information
# of Bedrooms (Lower): 3
# of Bedrooms: 3
# of Bedrooms: 3
# of Bedrooms Down: 3
Master Bedroom Dimensions:
Master Bedroom Dimensions:
Bathroom Information
# of Baths (Full): 1
# of Baths (1/2): 1
# of Bathrooms (Full): 1
# of Bathrooms (1/2): 1
Interior Features
# of Rooms: 6
# of Stories: 1
Floors/Ceilings: Part Carpet
Room Information
Living Room Dimensions:
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: x
Living Room Dimensions: x
Living/Dining/Kitchen: Eat-In Kitchen
Den/Great Room Dimensions: x
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Patio
Exterior/Windows: Storm Door(s)
Land Information
Acreage: 0.25
Lot Information
Parcel ID: 078099 00017
Lot #: 177
Lot Size: 83X132
Lot Description: Level
Area: 764B
Property Information
Attached Single Family
Style: Traditional
Property Construction Status: Existing Property
Approx Heated Sq. Ft. Range: 1400-1599
Year Built: 1961
Financial
Tax Information
Annual City Tax: $691
Annual County Tax: $879
Financing
Buyer Contributions: 0
Utilities
Utility Information
Heating: Gas
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Attached Unit Type: Other (See Remarks)
Location Details
Directions: Head westbound on Raines Rd, pass over Millbranch road. House is on the right before Clarke Rd.
MAAR Subdivision Name: GRACELAND
Public facts
Beds: 3
Baths: 1.5
Sq. Ft.: 1,400
Stories: 1.0
Lot Size: 0.25 acres
Style: Single Family Residential
Year Built: 1958
Year Renovated: 1987
County: Shelby County
APN: 078099 00017
Home facts updated by county records on Jul 14, 2026
Around this home
Schools
Robert R. Church Elementary School
Public PreK-5 • Assigned • 0.9mi
4/10
A. Maceo Walker Middle School
Public 6-8 • Assigned • 1.1mi
6/10
Hillcrest High School
Charter 9-12 • Assigned • 0.4mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
4/10 Flood Factor
Estimated 19-29% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
17% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38116
Average low and high temperatures (°F)
47
30
57
38
71
50
77
58
79
63
88
72
92
76
89
72
85
68
77
57
65
49
54
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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.
10.6 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$135,000 – $164,000
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