Completely renovated home with a resident on a 2 year lease. New updates including sewer and HVAC. Our repairs and updates make this a great investment property to maximize cash flow. Can be bought individually or part of a package of fully renovated homes. Need a Quick Sell? We are always looking to buy homes "as is" without inspection and will pay cash. Call listing agent for details.
Single-familyProperty Type
1948Year Built
0.42 acresLot Size
2 spacesParking
Listed by Andrew Akins• CB Properties of Memphis, LLC
Bought with Andrew Akins• CB Properties of Memphis, LLC
Memphis Area Association of Realtors(R) MLS #10198721
Oct 17, 2025
Sold
$113,250
Jul 11, 2025
Price Changed
$125,500
Jun 11, 2025
Listed
$129,500
+4
Investor Special in Whitehaven for sale! Home recently updated with new flooring, lighting and paint. New HVAC in 2024 and new roof! With our renovations, this will reduce overall maintenance on the home! Home is professionally managed and currently occupied on a two-year lease at $1025 in year one and $1075 in year 2! Lease ends May 2027. Call listing agent for details. Do not disturb tenants. Access granted upon accepted offer!
Memphis Area Association of Realtors(R) MLS #10210477
Oct 20, 2025
Sold
$113,250
Jun 9, 2025
Listed
$113,250
SHOWMOJO2 #4
May 5, 2025
Rental Removed
$1,025
May 1, 2025
Listed for Rent
$1,025
SHOWMOJO #3
May 7, 2025
Rental Removed
$1,025
May 5, 2025
Listed for Rent
$1,025
May 1, 2025
Rental Removed
$1,025
Oct 23, 2024
Listed for Rent
$1,025
Memphis Area Association of Realtors(R) MLS #10174379
Sep 11, 2024
Sold
$80,000
Aug 13, 2024
Price Changed
$99,000
Jul 23, 2024
Price Changed
$101,000
Jul 9, 2024
Price Changed
$105,000
Jun 21, 2024
Price Changed
$110,000
Jun 11, 2024
Listed
$115,000
+4
Priced to Sell! 3 Bed and 1 Bath home for sale in Whitehaven! Home is perfect for an investor to add to their portfolio. Home has updated kitchen and bath. Currently rented and professionally managed. Tenant lease ends August 2024 and tenant pays $950 currently. Seller also has a package of homes as well. 494 Raines, 822 White Clover, 3448 Carrington, and 3524 Edgeware. Please contact listing agent for details. Showing granted upon accepted offer. Do not disturb tenants!
Memphis Area Association of Realtors(R) MLS #2
Jun 3, 2024
Price Changed
$115,000
Memphis Area Association of Realtors(R) MLS #10113358
Dec 30, 2021
Sold
$87,000
Oct 5, 2021
Listed
$87,000
Memphis Area Association of Realtors(R) MLS #1
Sep 20, 2021
Price Changed
$87,000
MLSU #2219883
Oct 11, 2021
Listing Removed
—
Apr 8, 2004
Listed
$59,900
Memphis Area Association of Realtors(R) MLS #10088490
Dec 1, 2020
Sold
$35,000
Oct 28, 2020
Listed
$40,000
Public Records
Mar 27, 2006
Sold
$55,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,244 (+10.3%)
$4,300 + $19,300
$23,600
2024
$1,128 (+8.1%)
$4,300 + $19,300
$23,600
2023
$1,043
$3,450 + $13,675
$17,125
2022
$1,043 (−1.2%)
$3,450 + $13,675
$17,125
2021
$1,055 (+50.2%)
$3,450 + $13,675
$17,125
2020
$703
$3,450 + $13,675
$17,125
2019
$703
$3,450 + $6,250
$9,700
2018
$703 (+76.3%)
$3,450 + $6,250
$9,700
2017
$399 (−11.6%)
$3,450 + $6,250
$9,700
2016
$451
$3,450 + $6,250
$9,700
2014
$451
$3,450 + $6,875
$10,325
Tax history for 494 E Raines Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,244 (+10.3%)
$4,300 + $19,300
$23,600
2024
$1,128 (+8.1%)
$4,300 + $19,300
$23,600
2023
$1,043
$3,450 + $13,675
$17,125
2022
$1,043 (−1.2%)
$3,450 + $13,675
$17,125
2021
$1,055 (+50.2%)
$3,450 + $13,675
$17,125
2020
$703
$3,450 + $13,675
$17,125
2019
$703
$3,450 + $6,250
$9,700
2018
$703 (+76.3%)
$3,450 + $6,250
$9,700
2017
$399 (−11.6%)
$3,450 + $6,250
$9,700
2016
$451
$3,450 + $6,250
$9,700
2014
$451
$3,450 + $6,875
$10,325
*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
Stories
1
Lot width
100 ft.
Lot depth
185 ft.
Lot size
0.42 Acres
Year renovated
1987
Sq. Ft.
1,286
Year built
1948
Style
Single Family Residential
County
Shelby County
APN
076023 00018
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
Oct 14, 2021 • Final
Residential electrical
Perform a safety inspection.
Electrical
Oct 7, 2020 • Final
Residential electrical
Replace the electrical wiring for a carport light.
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: 2
Parking/Storage: Driveway/Pad
Interior
Bedroom Information
# of Bedrooms (Lower): 3
# of Bedrooms: 3
# of Bedrooms: 3
# of Bedrooms Down: 3
Master Bedroom Dimensions: 11 x 16
Master Bedroom Dimensions: 11 x 16
Bathroom Information
# of Baths (Full): 1
# of Bathrooms (Full): 1
Interior Features
# of Rooms: 6
# of Stories: 1
Floors/Ceilings: Part Carpet
Room Information
Living Room Dimensions: 12 x 15
Dining Room Dimensions:
Den/Great Room Dimensions:
Dining Room Dimensions: 0x0
Living Room Dimensions: 12x15
Living/Dining/Kitchen: Updated/Renovated Kitchen
Den/Great Room Dimensions: 0x0
Additional Bedroom/Bathroom Info: All Bedrooms Down
Exterior
Exterior Features
Pool Description: None
Miscellaneous Exterior: Porch
Exterior/Windows: Brick Veneer
Land Information
Acreage: 0.42
Lot Information
Parcel ID: 076023 00018
Lot Size: 100X185
Lot Description: Level
Area: 763E
Property Information
Detached Single Family
Style: Traditional
Property Construction Status: Existing Property
Year Built: 1948
Financial
Tax Information
Annual City Tax: $547
Annual County Tax: $581
Financing
Buyer Contributions: 0
Utilities
Utility Information
Heating: Central
Cooling: Central
Location
Multi-Unit Information
Detached Unit Type: General Residential
Location Details
Directions: Raines and Alice
MAAR Subdivision Name: Whitehaven
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,286
Stories: 1.0
Lot Size: 0.42 acres
Style: Single Family Residential
Year Built: 1948
Year Renovated: 1987
County: Shelby County
APN: 076023 00018
Home facts updated by county records on Jul 14, 2026
Around this home
Schools
Westhaven Elementary School
Public PreK-5 • Assigned • 0.8mi
6/10
A. Maceo Walker Middle School
Public 6-8 • Assigned • 2.6mi
6/10
Fairley High School
Charter 9-12 • Assigned • 1.6mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk 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, 20 days in 30 years
4/10 Wind Factor
18% 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 • 38109
Average low and high temperatures (°F)
46
30
56
38
71
50
77
58
78
63
87
72
92
76
89
71
87
67
77
57
65
49
54
39
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
$136,000 – $164,000
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