Property details
About 516 E Raines Rd
Well-maintained 6-bed, 2.5-bath home in Whitehaven with tons of potential! The main house offers 4 beds, 1.5 baths, updated front windows, and a 2-year-old roof. Enjoy a spacious in-and-out front driveway and a huge backyard. The separate in-law suite features 2 beds, 1 full bath, LR, kitchen, its own address, and private parking pad—perfect for rental income or multigenerational living. Previously used as a commercial tax office. SOLD AS IS. Ideal for investors seeking dual income or homeowners looking to rent part of the home. No owner financing. Don’t miss this versatile opportunity! Seller will need to remain in the property 30 days after closing. For appointments please contact Broker Bay who will make arrangements with the Seller to show the property. No sign / no keybox available.
Highlights
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Flooring Type: Part Carpet
- Total Bedroom Count: 6
- Parking: Driveway/Pad,Circular Drive,Front-Load Garage,Other (See REMARKS)
- Exterior: Wrought Iron Security Drs, Patio, Storage
- Architectural Style: Other (See Remarks)
- Heating: Central
- Cooling: Central Air, Window Unit(s)
- List Price: $200,000
- Annual Tax Amount: $3,740
- Tax Year: 2024
- Lot: Few Trees
- Directions: Take I-240W to I-55. Get off on Elvis Presley Blvd. Keep straight until you reach Raines Rd. Make right. Continue about 2 miles. Home is on the right.
- Year Built: 1953
- Stories: 1
- Lot Size: 0.42 Acres
- MLS Number: 10201456
- Office Name: BenchMark REALTORS, 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: 7/18/2025, 7:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $61,400 | $3,740 |
| 2023 | $61,400 | $3,740 |
| 2022 | $61,400 | $3,784 |
| 2021 | $61,400 | $3,784 |
| 2020 | $32,600 | $2,362 |
| 2019 | $32,600 | $2,362 |
| 2018 | $32,600 | $1,339 |
| 2017 | $32,600 | $1,407 |
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
1.4 mi
•135 W Levi Rd
3
Geeter School
Public District PK-5
1.6 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. Residents of Memphis, TN typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
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
Frequently asked questions
About 516 E Raines Rd
The listing price of 516 E Raines Rd property is $200,000.
The property 516 E Raines Rd is a house located in Memphis, Tennessee, 38109.
Active Listing: 516 E Raines Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 516 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 $3,740 (source: MLS/based on county public records data).
The property at 516 E Raines Rd has 6 bedrooms and 2 full and 1 half bathrooms.
The year of construction for 516 E Raines Rd is 1953.
This home is located at 516 E Raines Rd in Memphis, TN and zip code 38109 in the Whitehaven neighborhood. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 17, 2025 and is currently priced at $200,000.
Memphis, TN housing market in June 2025 saw over 73 listings sold above listed price, more than 107 sold at listed price and over 219 sold below. In June 2025 in Memphis, TN there were 11.9% more homes for sale than in May. In June 2025 median list price was $224,900 and the average listing age was 35 days.