516 E Raines Rd

Memphis, TN 38109

$174,000
Price
6
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a front view of a house with a yard
a view of house that has a yard
a living room with furniture and a window
a living room with furniture and a window
a living room with furniture and a window
a view of front door and bedroom
a workspace with furniture and a window
Main House
a bathroom with a stove and a sink
a view of entryway
View of stairs
a bedroom with a bed and a cabinets
a white toilet sitting in a bathroom next to a window
a view of front door
Ranch-style house featuring an attached carport and driveway
a view of small yard with wooden fence
a backyard of a house with portable swimming pool and brick wall
an empty room with wooden floor closet and windows
Spare room with hardwood / wood-style flooring, ceiling fan, and a textured ceiling
wooden floor in an empty room with a window
Inlaw suite
Kitchen with electric range, light countertops, a textured ceiling, stone finish flooring, and white cabinets
a kitchen with stainless steel appliances granite countertop a stove a sink and a window
an empty room with windows
an empty room with a window
an empty room with a window
Unfurnished bedroom with a textured ceiling, a closet, dark wood-style flooring, and ceiling fan
a bathroom with a sink and bathtub
Unfurnished room featuring dark wood-style flooring, a ceiling fan, and a textured ceiling
a view of a patio with a yard
a view of a big yard with plants and large trees

Description

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. Sq Ft is estimated so buyer must do own due diligence. Previously used as a commercial tax office. Sold as is. Ideal for investors seeking dual income or homeowners looking to rent...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. Sq Ft is estimated so buyer must do own due diligence. 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 key box available.

Property Details for 516 East Raines Road

Area
763E
Style
Other (See Remarks)
MAAR Subdivision Name
Shelby/763E
Legal Subdivision Name
NONE LISTED
LISTING UPDATED: 12/12/2025 10:41 PM

Property Details for 516 East Raines Road

StatusActive
MLS #10201456
Days on Market160
Taxes$3,740 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Detached Single Family / No
Year Built1953
Lot Size0.42 AC / 18,295 SF
CountyShelby County

Location

Listing Courtesy of BenchMark REALTORS, LLC
Add your commute

Building Information for 516 East Raines Road

Stories1Year Built1953Building Size-Lot Size0.42 AC / 18,295 SF

Payment Calculator

$1,171 per month

30 year fixed, 6.28% Interest

Principal and Interest

$860

Property Taxes

$312

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 516 East Raines Road

Summary
Location and General Information
  • Address: 516 E RAINES RD
  • Address Search Number: 516
  • 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.
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 07-17-2025
  • Geo Zoom Level: 16.00
  • Map Coordinate: E
  • MLS Map Num: Whitehaven/Graves
  • Neighborhood Association: None
Parking
  • Parking Display: G1A
  • Parking/Storage: Driveway/Pad, Circular Drive, Front-Load Garage, Other (See REMARKS)
Taxes and HOA Information
  • LVT Date: 07-17-2025
Property
Lot Information
  • Lot Size: 100X185
  • Acreage: .42
  • Lot Description: Some Trees
  • Parcel ID: 076023 00016
Property and Assessments
  • Detached Unit Type: General Residential
  • Prop Construction Status: Existing Property
  • Service Type: Full Service Listing
Utilities
  • Cooling: Central, Window Unit(s)
  • Water & Sewer: Public Water, Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior/Windows: Wood/Composition, Stone, Aluminum Window(s), Other (See Remarks)
  • Misc Exterior: Wrought Iron Security Drs, Patio, Storage
  • Pool Description: None
  • Roof: Composition Shingles
Interior Features
  • Num of Fireplaces: 0.0
  • Additional Br/Bath Info: Primary Down, Full Bath Down, Other (See Remarks)
  • Apprx Heated Sq Ft Range: 1400-1599
  • Bedroom 2 Dimensions: 11X10
  • Bedroom 3 Dimensions: 13X11
  • Bedroom 4 Dimensions: 13X11
  • Bedrooms Down: 4.0
  • Den Great Room Dimensions: 0X0
  • Dining Room Dimensions: 12X9
  • Floors/Ceilings: Part Carpet
  • Heating: Central
  • Kitchen Dimensions: 12X9
  • Living Room Dimensions: 17X11
  • Living/Dining/Kitchen: Separate Living Room, Separate Dining Room
  • Total Baths: 2

Property History for 516 East Raines Road

DateEvent & SourcePriceAppreciation
Dec 13, 2025

Price Change

MAARMLS #10201456

$174,000—
Aug 15, 2025

Price Change

MAARMLS #10201456

$175,000—
Jul 17, 2025

Price Change

MAARMLS #10201456

$200,000—
Jul 17, 2025

Price Change

MAARMLS #10201456

$175,000—
Jul 17, 2025

Listed (Active)

MAARMLS #10201456

$174,000—
DateEvent & SourcePrice
12/13/2025

Price Change

MAARMLS #10201456

$174,000
08/15/2025

Price Change

MAARMLS #10201456

$175,000
07/17/2025

Price Change

MAARMLS #10201456

$200,000
07/17/2025

Price Change

MAARMLS #10201456

$175,000
07/17/2025

Listed (Active)

MAARMLS #10201456

$174,000

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

Public Records for 516 East Raines Road

Taxable ValueLand$9,640Additions$54,040Total$63,680
Tax Record2024$4,194 ($349 / month)
Home Facts
Baths2Total Finished SqFt2,520 SqFtAbove Grade Finished SqFt2,520 SqFtStories1Lot Size18,469 SqFtStyleOffice BuildingYear Built1953Year Renovated1985ZoningRWCountySHELBYAPN076-023- - -00016Fireplace TypeHas Fireplace

Schools near 516 East Raines Road

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Westhaven Elementary School
Public - PK to 5
A. Maceo Walker Middle School
Public - 6 to 8
Fairley High School
Charter - 9 to 12
Raineshaven Elementary School
Public - PK to 5
Rating
School
Distance
Westhaven Elementary School
PublicPK to 5

A. Maceo Walker Middle School
Public6 to 8

Fairley High School
Charter9 to 12

Raineshaven Elementary School
PublicPK to 5

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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More information about 516 East Raines Road, Memphis, TN 38109

516 East Raines Road is a single family home for sale in Memphis, TN 38109. This property was listed for sale on July 17, 2025 by BenchMark REALTORS, LLC, it's currently listed at $174,000. This listing's school district is Shelby County Schools. Nearby schools include Westhaven Elementary School, A. Maceo Walker Middle School and Fairley High School. 516 East Raines Road is a 6-bed, 3-bath, single family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BenchMark REALTORS, 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 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 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 and Central West Tennessee Association of Realtors. Listing information Copyright© 2025 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.