Last Sold Price
3 beds1,464 sqft$18/sqft
1340 E Raines Rd, Memphis, TN 38116

Description

This is a fannie mae homepath property. This property is approved for homepath renovation mortgage financing. This homes features 3 bedrooms & 1 1/2 baths. Excellent home for 1st time home buyers or great as investment property.This is a fannie mae homepath property. This property is approved for homepath renovation mortgage financing. This homes features 3 bedrooms & 1 1/2 baths. Excellent home for 1st time home buyers or great as investment property.
LISTING CLOSED: 02/24/2012 12:00 AM

  1. Listed by Kenneth Tate • Tate Realty and Construction

Property Details for 1340 East Raines Road

Status
MLS #
3238509
Days on Market
32
Taxes
$1,557 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Detached Single Family / No
Year Built
1956
Lot Size
0.24 AC / 10,454 SF
Area
764B
Style
Traditional
MAAR Subdivision Name
GRACELAND
Legal Subdivision Name
GRACELAND

Recent comparable sales

Median sold price

$157,000

Avg days on market

20

Sale-to-list ratio

97.9%

Memphis, TN

9 comparable properties found

$155,000 | 4070 Spiegel Drive, Memphis, TN 38116
1/15
1

$155,000

Sold 09/17/25

3
Bedrooms
1,463
Square Feet
0.31
Acres
an empty room with wooden floor and windows
1/20
2

$164,900

Sold 03/16/26

3
Bedrooms
1,626
Square Feet
0.25
Acres
$143,000 | 1235 Timothy Drive, Memphis, TN 38116
1/27
3

$143,000

Sold 03/21/25

3
Bedrooms
1,315
Square Feet
0.29
Acres
a view of house with backyard
1/2
4

$87,000

Sold 12/18/25

3
Bedrooms
1,331
Square Feet
0.27
Acres
a front view of a house with a garden
1/2
5

$198,000

Sold 09/25/24

3
Bedrooms
1,303
Square Feet
0.26
Acres
$80,000 | 988 Michael Cove, Memphis, TN 38116
1/2
6

$80,000

Sold 06/09/26

3
Bedrooms
1,366
Square Feet
0.57
Acres
a view of a house with a yard
1/25
7

$165,000

Sold 12/23/24

3
Bedrooms
1,275
Square Feet
0.25
Acres
front view of a house with a yard
1/14
8

$165,000

Sold 03/23/26

3
Bedrooms
1,247
Square Feet
0.06
Acres
a front view of a house with a garden
1/17
9

$157,000

Sold 09/22/25

3
Bedrooms
1,374
Square Feet
0.22
Acres

Location

Listing Courtesy of Tate Realty and Construction

Sold By Tate Realty and Construction

Add your commute

Building Information for 1340 East Raines Road

Stories1Year Built1956Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$262 per month

30 year fixed, 6.55% Interest

Principal and Interest

$132

Property Taxes

$130

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1340 East Raines Road

Summary
Location and General Information
  • Address: 1340 E RAINES ROAD
  • Address Search Number: 1340
  • Directions: EAST ON RAINES ROAD PAST ELVIS PRESLEY BLVD.
  • Map Coordinate: B
  • MLS Map Num: Whitehaven/Graceland
  • Neighborhood Association: None
Parking
  • Attached Detached Parking: Attached
  • Carport Garage: Carport
  • Parking Display: C2A
  • Parking/Storage: Other (See REMARKS)
Property
Lot Information
  • Lot Size: 10740
  • Acreage: .24
  • Lot Num: 174
  • Lot Description: Level
  • Parcel ID: 078099 00014
  • Zero Lot Line: No
Property and Assessments
  • Detached Unit Type: General Residential
  • Prop Construction Status: Existing Property
  • Service Type: Full Service Listing
Utilities
  • Cooling: Central
Interior and Exterior Features
Exterior Features
  • Exterior/Windows: Other (See Remarks)
  • Misc Exterior: Other (See REMARKS)
  • Pool Description: None
Interior Features
  • Num of Fireplaces: 0.0
  • Additional Br/Bath Info: Other (See Remarks)
  • Apprx Heated Sq Ft Range: 1400-1599
  • Bedrooms Down: 3.0
  • Den Great Room Dimensions: 0X0
  • Dining Room Dimensions: 0X0
  • Floors/Ceilings: Other (See REMARKS)
  • Heating: Central
  • Living Room Dimensions: 0X0
  • Living/Dining/Kitchen: Separate Living Room
  • Master Bedroom Dimensions: 0X0
  • Total Baths: 1

Property History for 1340 East Raines Road

DateEvent & SourcePriceAppreciation
Apr 13, 2012

Sold (Public Record)

Public Record #328876558

$26,000

-9.3% / yr

Feb 24, 2012

Sold

MAARMLS #3238509

$26,000
Feb 10, 2012

Contract Signed

MAARMLS #3238509

DateEvent & SourcePrice
04/13/2012

Sold (Public Record)

Public Record #328876558

$26,000

-9.3% / yr

02/24/2012

Sold

MAARMLS #3238509

$26,000
02/10/2012

Contract Signed

MAARMLS #3238509

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1340 East Raines Road

Taxable ValueLand$5,300Additions$27,200Total$32,500
Tax Record2024$2,140 ($178 / month)
Home Facts
Beds3Baths1.5Total Finished SqFt1,332 SqFtAbove Grade Finished SqFt1,332 SqFtStories1Lot Size10,716 SqFtStyleSingle Family ResidenceYear Built1956ZoningR-10CountySHELBYAPN078-099- - -00014Fireplace TypeHas Fireplace

Schools near 1340 East Raines Road

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Charter - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Robert R. Church Elementary School
PublicPK to 5

A. Maceo Walker Middle School
Public6 to 8

Hillcrest High School
Charter9 to 12

Memphis School of Excellence Cordova
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 38116

$165,000 | 1348 Oakwood Drive, Memphis, TN 38116
1/24

$165,000

3
Bedrooms
1,887
Square Feet
0.49
Acres
$150,000 | 4577 Bogart Street, Memphis, TN 38116
1/2

$150,000

3
Bedrooms
1,354
Square Feet
0.24
Acres
a picture of a living room and kitchen
1/19

$250,000

7
Bedrooms
2,706
Square Feet
0.56
Acres
$144,999 | 4080 East Whitehaven Park Circle, Memphis, TN 38116
1/18

$144,999

4
Bedrooms
Unavailable
Square Feet
0.34
Acres
$189,900 | 3402 Lakeview Road, Memphis, TN 38116
1/30

$189,900

4
Bedrooms
Unavailable
Square Feet
0.76
Acres
a view of a house with a yard
1/40

$354,000

9
Bedrooms
Unavailable
Square Feet
0.84
Acres
front view of a house with a yard

$150,000

3
Bedrooms
Unavailable
Square Feet
0.26
Acres
a view of house with outdoor seating and yard

$225,000

5
Bedrooms
Unavailable
Square Feet
0.36
Acres
$300,000 | 1108 Whitehaven Lane, Memphis, TN 38116
1/35

$300,000

5
Bedrooms
Unavailable
Square Feet
1.1
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1340 East Raines Road, Memphis, TN 38116
$26,000
3
1,464
10,454
$73,000
3
1,705
10,890
$126,900
3
2
1,517
10,672
$79,900
3
2
1,370
10,858
$84,900
2
1.5
1,648
11,205
$70,000
3
1.5
1,274
11,205

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tate Realty and Construction

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.