Sold
Last Sold Price
3 beds1,640 sqft$97/sqft
281 Loraine Rd, Memphis, TN 38109
Single FamilyProperty Type
7,405 sq ftLot Size
1965Year Built
$97/sq ftPrice per sq ft
1 carParking Spaces

Description

Completely renovated home with resident on a 2-year lease at $1,250 in year 1 and $1,295 in year 2. New roof, HVAC, updated kitchen, updated bathrooms and vinyl plank flooring throughout. Our repairs & updates make this a great investment property to maximize cash flow. Can be bought individually or part of a package of fully renovated homes. Need a Quick Sell? We are always looking to buy homes "as is" without inspection and will pay cash. Call listing agent for details!Completely renovated home with resident on a 2-year lease at $1,250 in year 1 and $1,295 in year 2. New roof, HVAC, updated kitchen, updated bathrooms and vinyl plank flooring throughout. Our repairs & updates make this a great investment property to maximize cash flow. Can be bought individually or part of a package of fully renovated homes. Need a Quick Sell? We are always looking to buy homes "as is" without inspection and will pay cash. Call listing agent for details!
  • Listed by: Andrew Akins • CB Properties of Memphis, LLC
Listing closed: 11/17/2023 12:00 AM • Source: MAARMLS, MLS#: 10157830

Recent comparable sales

Median sold price

$154,500

Avg days on market

51

Sale-to-list ratio

100.2%

Memphis, TN

9 comparable properties found

$141,000 | 954 East Holmes Road, Memphis, TN 38116
1/12
1

$141,000

Sold 03/11/25

3
Bedrooms
1,749
Square Feet
0.35
Acres
$180,000 | 4001 Wesley Forest Place West, Memphis, TN 38109
1/30
2

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Sold 08/11/26

3
Bedrooms
1,538
Square Feet
0.18
Acres
$150,000 | 4522 Cinderella Drive, Memphis, TN 38109
1/22
3

$150,000

Sold 04/14/25

3
Bedrooms
1,823
Square Feet
0.21
Acres
a front view of a house with garden
1/19
4

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Sold 11/01/24

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Bedrooms
1,829
Square Feet
0.24
Acres
$178,000 | 505 Byron Drive, Memphis, TN 38109
1/28
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Sold 01/17/25

3
Bedrooms
1,463
Square Feet
0.25
Acres
front view of a house with a yard
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6

$154,500

Sold 10/21/24

3
Bedrooms
1,617
Square Feet
0.32
Acres
a front view of a house with a garden
1/2
7

$150,000

Sold 06/22/26

3
Bedrooms
1,721
Square Feet
0.18
Acres
a view of a house with a yard and tree
1/39
8

$172,435

Sold 05/07/26

3
Bedrooms
1,867
Square Feet
0.29
Acres
a front view of a house with a yard
1/10
9

$159,500

Sold 01/22/25

3
Bedrooms
1,554
Square Feet
0.46
Acres

Location

Listing Courtesy of CB Properties of Memphis, LLC

Sold By CB Properties of Memphis, LLC

Add your commute

Payment Calculator

$911 per month

30 year fixed, 6.55% Interest

Principal and Interest

$811

Property Taxes

$100

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 281 Loraine Road

Property Details
  • Taxes: $1,204 / year
  • MLS Type: Residential / Detached Single Family / No
  • Area: 767C
  • Style: Traditional
  • MAAR Subdivision Name: SMITH & TURLEY
  • Legal Subdivision Name: SMITH TURLEY
Building Information
  • Stories: 1
  • Year Built: 1965
  • Lot Size: 0.17 AC / 7,405 SF
Summary
Location and General Information
  • Address: 281 LORAINE RD
  • Address Search Number: 281
  • Directions: South on Neely off Highway 51. Left onto Loraine. Home on the right.
  • Map Coordinate: C
  • MLS Map Num: Whitehaven/Fairley
  • Neighborhood Association: None
Parking
  • Parking Display: 1
  • Parking/Storage: Driveway/Pad
Taxes and HOA Information
  • LVT Date: 09-29-2023
Property
Lot Information
  • Lot Size: 65X120
  • Acreage: .17
  • Lot Num: 113
  • Lot Description: Level
  • Parcel ID: 076122 00005
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: Brick Veneer
  • Misc Exterior: Porch
  • Pool Description: None
Interior Features
  • Additional Br/Bath Info: All Bedrooms Down
  • Apprx Heated Sq Ft Range: 1600-1799
  • Bedrooms Down: 3.0
  • Den Great Room Dimensions: 0x0
  • Dining Room Dimensions: 14x15
  • Floors/Ceilings: Hardwood Throughout
  • Heating: Central
  • Living Room Dimensions: 15x20
  • Living/Dining/Kitchen: Separate Dining Room, Separate Living Room, Updated/Renovated Kitchen, Washer/Dryer Connections
  • Total Baths: 2

Property History for 281 Loraine Road

DateEvent & SourcePriceAppreciation
Nov 17, 2023

Sold

MAARMLS #10157830

$159,500
Nov 16, 2023

Sold (Public Record)

Public Record #1522354019

$159,500

+845.7% / yr

Oct 5, 2023

Contract Signed

MAARMLS #10157830

DateEvent & SourcePrice
11/17/2023

Sold

MAARMLS #10157830

$159,500
11/16/2023

Sold (Public Record)

Public Record #1522354019

$159,500

+845.7% / yr

10/05/2023

Contract Signed

MAARMLS #10157830

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

Public Records for 281 Loraine Road

Taxable ValueLand$3,875Additions$50,150Total$54,025
Tax Record2024$3,558 ($296 / month)
Home Facts
Beds3Baths1.5Total Finished SqFt1,608 SqFtAbove Grade Finished SqFt1,608 SqFtStories1Lot Size7,797 SqFtStyleSingle Family ResidenceYear Built1966Year Renovated2012ZoningR-6CountySHELBYAPN076-122- - -00005Fireplace TypeHas Fireplace

Schools near 281 Loraine Road

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

Fairley 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 281 Loraine Road, Memphis, TN 38109
$159,500
3
1,640
7,405
$56,000
3
1,200
7,405
$44,000
3
1,642
7,405
3
1
1,054
7,797
3
1,199
7,797
3
1,114
7,797

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 CB Properties of Memphis, LLC

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.