Rare opportunity to own a private cottage in the highly sought-after Atrium & Cottages at Lutheran Village, a vibrant 55+ independent living community. This well-maintained home features spacious living areas, a flexible bonus room ideal for an office, hobby room, or potential third bedroom, plus a private patio and attached garage. Enjoy a worry-free lifestyle with HOA amenities that include dining package, housekeeping service, basic cable, transportation services, gated security, and 24-hour maintenance. Community amenities include fitness facilities, beauty/barber salon, library, social activities, walking areas, guest accommodations, and restaurant-style dining. Experience the perfect blend of independence, convenience, and community living.
Raleigh, located between Frayser and Bartlett, is a residential and commercial Memphis neighborhood with a broad suburban street grid and long-established civic corridors. The neighborhood’s character concentrates around the Austin Peay Highway and Covington Pike crossroads, where auto shops, local eateries, and everyday retail line wide lanes and big parking lots. The Raleigh Springs Civic Center and Library acts as a community anchor with public programs and meeting space. The Bartlett Performing Arts and Conference Center and Davies Manor Historic Site sit nearby as cultural touchpoints tied to the area’s history and arts calendar. Housing ranges from mid-century ranches to newer subdivisions, with mature trees and deep setbacks shaping the streetscape. Green space and recreation cluster around nearby parks and sports fields, giving the area a practical, outdoors-forward rhythm.
Provided by Walk Score and Local Logic
Market insights
5023 Scheibler Rd Unit E4 · $149,000
DAYS ON MARKET
1 days
The average home goes pending in 61 days.
SALE-TO-LIST
95.2%
Most homes are selling 5% below list price.
LIST PRICE
$149,000
Median sale price in this area is $139,724. (6% lower than this home)
PRICE DROP
0 price drops
19% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
6 total rooms
One-story layout
Floors/ceilings: other (see remarks)
Bedrooms
2 bedrooms (both on lower level)
Master bedroom about 12 x 13
Second bedroom about 12 x 15
Bathrooms
2 full bathrooms
Kitchen
Kitchen about 9 x 14
Living/Dining/Kitchen: other (see remarks)
Heating & cooling
Heating: other (see remarks)
Cooling: other (see remarks)
Exterior features
No pool
Miscellaneous exterior: other (see remarks)
Exterior/windows: other (see remarks)
Home design
Attached single-family condominium
Style: other (see remarks)
Built in 1993
Has termite contract
Parking
1 covered parking space
Parking/storage: other (see remarks)
Construction
Existing property (constructed)
Utilities
Heating: other (see remarks)
Cooling: other (see remarks)
HOA & community
Condominium association: Lutheran Village
Condo name: Lutheran Village
Managed by Lutheran Village
Monthly maintenance fee approximately $859
Property is a condominium
Other
Lot/unit: UNIT E-4
Acreage approximately 0.08 acres
Lot area reference: 1149SF
Electricity and solar
View estimated energy costs and solar savings for this home
Sale and tax history for 5023 Scheibler Rd Unit E4
Sale History
Tax History
Date
Event
Price
Memphis Area Association of Realtors(R) MLS #10230166
Sep 9, 2026
Listed
$149,000
Public Records
Jun 11, 2003
Sold
$97,000
Public Records
Jul 27, 1993
Sold
$110,721
Public Records
Nov 6, 1992
Sold
$7,700,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,590 (+7.9%)
$2,675 + $27,500
$30,175
2024
$1,473 (+8.1%)
$2,675 + $27,500
$30,175
2023
$1,363
$2,675 + $19,700
$22,375
2022
$1,363 (−1.2%)
$2,675 + $19,700
$22,375
2021
$1,379 (−14.9%)
$2,675 + $19,700
$22,375
2020
$1,619
$2,675 + $19,700
$22,375
2019
$1,619
$2,675 + $19,675
$22,350
2018
$1,619 (+76.3%)
$2,675 + $19,675
$22,350
2017
$919 (−22.5%)
$2,675 + $19,675
$22,350
2016
$1,185
$2,675 + $19,675
$22,350
2014
$1,185
$25 + $27,100
$27,125
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
1,149
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,149
Year built
1993
Style
Condo/Co-op
County
Shelby County
APN
087076 A00145
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
RU-2
Residential Urban-2 District
Residential development in the RU-2 District allows a variety of housing types including single-family detached (conventional, side yard house, Cottage), single-family attached (semi-attached, two-family, townhouse), and multifamily (large home, stacked townhouse). New RU-2 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district or are least 500 to 1,000 ft from an arterial.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space
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
7/10 Heat Factor
7 days above 110° expected this year, 21 days in 30 years
4/10 Wind Factor
15% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38128
Average low and high temperatures (°F)
46
29
57
36
71
50
78
58
79
62
89
72
93
76
89
70
85
66
77
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.6 hrs
7.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5023 Scheibler Rd Unit E4
$147,522
$1,478 under list price of $149K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $102K to $215K.