For sale

$249,000

1586 E Raines Rd, Memphis, TN 38116

3beds

2,101sqft

$1,816/mo

Get pre-qualified

Single Family Residence

Built in 1953

0.43 Acres Lot

$244,400 Zestimate^®

$119/sqft

$-- HOA

What's special

Nice size roomsSpacious homeBig front yardThree bedroomsTwo car carportCorner lot

Nice spacious home to add to your portfolio or with minor upgrades/repairs make it move-in ready. Nice size rooms, F/P in Den, separate DR, three bedrooms and two full baths with a jack & jill bath. Two car carport and nice fenced back yard. Corner Lot with Big front Yard. "SOLD AS IS - NO WARRANTY". Presently being rented month to month. Do Not Disturb Tenants. No showings without an acceptable contract. Email offers to: ermawill@bellsouth.net. EM to be held at Stanley & Rainey, PC. Call Agent for additional information.

8 days
122
3

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 4
Full bathrooms: 2
1/2 bathrooms: 2

Rooms

Room types: Attic

Primary bedroom

Dimensions: 0 x 0

Bedroom 2

Dimensions: 0 x 0

Bedroom 3

Dimensions: 0 x 0

Primary bathroom

Features: Tile Floor, Full Bath

Dining room

Features: Separate Dining Room
Dimensions: 0 x 0

Kitchen

Features: Eat-in Kitchen, Pantry, Washer/Dryer Connections
Dimensions: 0 x 0

Living room

Features: Separate Living Room, Separate Den
Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central, Natural Gas

Cooling

Ceiling Fan(s), Central Air

Appliances

Included: Range/Oven, Gas Cooktop, Dishwasher
Laundry: Laundry Room

Features

All Bedrooms Down, Cable Wired, Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room, Storage, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Hardwood, Part Carpet, Brick
Attic: Attic Access
Number of fireplaces: 1
Fireplace features: Masonry, In Den/Great Room

Interior area

Total interior livable area: 2,101 sqft

Property

Parking

Total spaces: 2
Parking features: Storage
Covered spaces: 2

Features

Stories: 1
Patio & porch: Porch, Patio
Pool features: None
Fencing: Wood

Lot

Size: 0.43 Acres
Dimensions: 125 x 149
Features: Level, Corner Lot

Details

Parcel number: 078091 00017

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Brick Veneer
Roof: Composition Shingles

Condition

New construction: No
Year built: 1953

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: Graceland

Location

Region: Memphis

Financial & listing details

Price per square foot: $119/sqft
Tax assessed value: $201,800
Annual tax amount: $2,659
Price range: $249K - $249K
Date on market: 10/4/2026
Listing terms: Conventional,VA Loan

Estimated market value

$244,400

$232,000 - $257,000

$1,654/mo

Price history

Date	Event	Price
10/4/2026	Listed for sale	$249,000+192.9%$119/sqft
Source: MAAR #10231749 Report a problem
6/18/1999	Sold	$85,000$40/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,659 +6.6%	$50,450 +33.2%
2024	$2,494 +8.1%	$37,875
2023	$2,307	$37,875
2022	--	$37,875
2021	--	$37,875 +49.4%
2020	$810	$25,350
2019	$810 -21.1%	$25,350
2018	$1,027 -45.1%	$25,350
2017	$1,871 +123.3%	$25,350 +2.8%
2016	$838 -19.2%	$24,650
2014	$1,037	$24,650
2013	--	$24,650 -24.2%
2012	--	$32,525
2011	--	$32,525
2010	--	$32,525
2009	--	$32,525 +1.1%
2008	--	$32,175
2007	--	$32,175
2006	--	$32,175
2005	--	$32,175 +39.6%
2004	--	$23,050
2003	--	$23,050
2002	--	$23,050
2001	--	$23,050 -3.2%
2000	--	$23,800