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Sold on 07/31/2023

1608 E Raines Rd, Memphis, TN 38116

$205,000

Last sold 07/31/2023 for $240K

  • 3

    bed

  • 2

    bath

  • 2,556

    Sqft ($94/Sqft)

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About 1608 E Raines Rd

Property type House
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 0.4 Acre
Movoto estimate
Rental estimate
Property description
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.
Listed by
Listing Agent - Constance Davis
Listing Office - BEST Real Estate Company
Source: RealTracs mls logo
MLS#3114060 • last updated 7 months ago
Movoto checked RealTracs for data 6 minutes ago
Overview
Levels/Style Three Or More, 1, Traditional
SubType Single Family Residence
Type Residential
MLS # 3114060
Living Area 2556, Square Feet
Property Tax $ 2652
Year Built 1960, Existing
Interior
Total # of Bathrooms 2
# of Full Baths 2
Total # of Bedrooms 3
# Fireplaces 1
Exterior
Patio/ Deck Porch
Other Structures Storage
Foundation Slab
Roof Shingle
Parking Desc Parking Pad
Amenities / Utilities
Water Source Other
Utilities Electricity Available
Sewer/ Septic Other
HOA Amenities Sidewalks
Location
Subdivision GRACELAND
Directions From Elvis Presley Blvd Go East On Raines Rd. From I-240 Take Millbranch Rd To Raines Rd.
APN 78091 15
$205K
Range: $155K-$254K
Last 30 days 
Rental est.: $869/month
Gross rent multiplier: 23.0
  • Jan 2026
    mls logo MLS # 3114060
  • Jan 26, 2026 Listed
    $245,000 (+2.1%)
  • Aug 2, 2023 Sold
    $240,000
  • Aug 2023
    Public Records
  • Aug 14, 2023 Sold
    $240,000
  • Aug 2023
    mls logo MLS # 10148938
  • Aug 2, 2023 Sold
    $240,000 (-2.0%)
  • Jul 12, 2023 Pending
    —
  • Jun 23, 2023 Contingent
    —
  • Jun 17, 2023 Price Change
    $245,000 (-1.6%)
  • May 30, 2023 Listed
    $249,000 (+99.2%)
  • Dec 2022
    Public Records
  • Dec 12, 2022 Sold
    $125,000 (+68.9%)
  • May 2008
    Public Records
  • May 8, 2008 Sold
    $74,000 (-15.4%)
  • Sep 2002
    Public Records
  • Sep 4, 2002 Sold
    $87,500
  • Year Property taxes Tax assessment
  • 2024
    $5,565 +73.4%
    $84,500 +60.42%
  • 2023
    $3,209 +21.0%
    $52,675 +21.02%
  • 2022
    $2,651 -15.9%
    $43,525
  • 2021
    $3,151 +51.0%
    $43,525 +51.13%
  • 2020
    $2,087 +126.7%
    $28,800
  • 2019
    $920 -21.1%
    $28,800
  • 2018
    $1,166 -45.1%
    $28,800
  • 2017
    $2,126 +122.5%
    $28,800 +2.49%
  • 2016
    $955 -22.2%
    $28,100
  • 2014
    $1,228 +11.6%
    —
  • 2011
    $1,100
    —
  • 1608 E Raines Rd
    $240K
  • Graceland
    $159K -7% y/y
  • 38116
    $159K -8% y/y
  • Memphis
    $168K -13% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
1598 E Raines Rd, Memphis, TN 38116 $174,000 4/2 2,280 0.02
1622 E Raines Rd, Memphis, TN 38116 $182,000 3/2 2,152 0.02
1609 Bonnie Dr, Memphis, TN 38116 $173,000 3/2 2,310 0.03
1621 Bonnie Dr, Memphis, TN 38116 $175,000 3/3 2,544 0.03
1597 Bonnie Dr, Memphis, TN 38116 $189,000 3/2 2,422 0.04
1632 E Raines Rd, Memphis, TN 38116 $151,000 3/2 1,448 0.04
1586 E Raines Rd, Memphis, TN 38116 $173,000 3/3 2,101 0.05
1633 Bonnie Dr, Memphis, TN 38116 $156,000 3/2 2,690 0.05

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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4/10
Robert R. Church Elementary School
public Grades PK, K-5
Shelby County Schools
4/10
A. Maceo Walker Middle School
public Grades 6-8
Shelby County Schools
3/10
Hillcrest High School
charter Grades 9-12
Achievement School District
Source: GreatSchools.org © 2026. All rights reserved.

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