#10199502, Listing office: Northpoint Asset Management, L
Property details
About 494 E Raines Rd
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!
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.42 Acres
Year built1948
ParkingDriveway/Pad
MLS #10198721
Summary
- Full Bathrooms: 1
- Flooring Type: Part Hardwood
- Total Bedroom Count: 3
- Parking: Driveway/Pad
- Exterior: Patio
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air
- List Price: $129,500
- Annual Tax Amount: $1,043
- Tax Year: 2024
- Lot: Level
- Directions: Raines and Neely
- Year Built: 1948
- Stories: 1
- Lot Size: 0.42 Acres
- MLS Number: 10198721
- Office Name: CB Properties of Memphis, LLC
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/7/2025, 5:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 09, 2024 | Home Sold | $80,000 |
| Jan 18, 2022 | Home Sold | $87,000 |
| Dec 08, 2020 | Home Sold | $35,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $17,125 | $1,043 |
| 2023 | $17,125 | $1,043 |
| 2022 | $17,125 | $464 |
| 2021 | $17,125 | $464 |
| 2020 | $9,700 | $702 |
| 2019 | $9,700 | $702 |
| 2018 | $9,700 | $398 |
| 2017 | $9,700 | $451 |
History based on county public records data.
Nearby schools
3
Westhaven Elementary School
Public District PK-5
0.8 mi
•4585 Hodge Rd
2
Levi Elementary School
Public District PK-5
1.3 mi
•135 W Levi Rd
3
Geeter School
Public District PK-5
1.5 mi
•4649 Horn Lake Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,727. Typical income of Memphis, TN residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
42%
<35k
54%
35k-100k
2%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
45%
Single, No Kids
24%
Single, with Kids
21%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
10%
12-17 yrs old
23%
18-34 yrs old
44%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
Horse Races
Pro Boxing
Where do the neighbors shop?
Big Lots
Stein Mart
Family Dollar
Where do the neighbors go to eat?
Golden Corral
LongHorn Steakhouse
White Castle
What do the neighbors drive?
Kia
Buick
Chevrolet
What do the neighbors listen to?
Adult Standards
Contemporary Inspirational
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 494 E Raines Rd
The listing price of 494 E Raines Rd property is $129,500.
The property 494 E Raines Rd is a house located in Memphis, Tennessee, 38109.
Active Listing: 494 E Raines Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 494 E Raines Rd are: Westhaven Elementary School (GreatSchools Rating 3/10), Levi Elementary School (GreatSchools Rating 2/10), Geeter School (GreatSchools Rating 3/10), Freedom Preparatory Academy Whitehaven Middle at Brownlee Ca (GreatSchools Rating 4/10), J. P. Freeman Elementary/Middle (GreatSchools Rating 8/10), Chickasaw Middle School (GreatSchools Rating 2/10), Fairley High School (ASD) (GreatSchools Rating 2/10), Whitehaven High School (GreatSchools Rating 5/10), Hillcrest High School (ASD) (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $1,043 (source: MLS/based on county public records data).
The last sale was on September 9, 2024 for $80,000 (source: MLS/tax record).
The property at 494 E Raines Rd has 3 bedrooms and 1 bathroom.
The year of construction for 494 E Raines Rd is 1948.
This home is located at 494 E Raines Rd in Memphis, TN and zip code 38109 in the Whitehaven neighborhood. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 11, 2025 and is currently priced at $129,500.
In June 2025 more than 73 listings in Memphis, TN were sold above the asking price. During the same period more than 107 listings were sold at asking price, while more than 219 were sold below. The number of homes for sale in Memphis, TN increased by 11.9% between May and June 2025. While the average time on the market in June 2025 was 35 days, the median list price was $224,900.
From Rocket Homes Real Estate and based on county public records data.