1283 E Raines Ave, Memphis, TN, 38116

Location

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1283 E Raines Ave, Memphis$1,125,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeMulti Family

ParkingAsphalt/Blacktop

Year Built1964

HeatingCentral

CoolingCentral Air

BasementYes

MLS #10169238

StatusActive

About 1283 E Raines Ave

This 16 unit building is located just south of the Graceland area of Whitehaven. It has been fully renovated. There are 12-2br's and 4-1br's . The scheduled monthly income is 12795/mo. Drive by only. Please do not disturb tenants.

Property Details

Property Features

Property Information:

Year Built: 1964
Stories: 2

Listing Office:

Office Name: Crye-Leike Commercial

Interior Features

Interior Information:

Appliances: Refrigerator, Range, Oven, Dishwasher
Basement: Yes
Flooring Type: Tile, Vinyl Floor

Exterior Features

Parking Information:

Parking: Asphalt/Blacktop

Utilities

Utilities Information:

Heating: Central
Cooling: Central Air

School Info

Assigned Schools Information:

Memphis Virtual School, Public District Grades 6-12

Other

Directions Information:

Directions: Take Elvis Presley (S) to Raines. Go (E) on Raines to 1283 E. Raines.

Price Information

Listing Price Info

Price Summary:

List Price: $1,125,000

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Housing Market Comparison

See how this home compares to others in Memphis, TN.

Memphis, TN

City

Med. Sold Price

$195.6K

Med. Price/SqFt

$130

# of Sold Homes

471

1283 E Raines Ave vs Memphis

33 DAYS ON ROCKET

$1,125,000

+$929.3K More

KEY TAKEAWAY

This property is $929.3K more than the Median Sold Price in Memphis, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

MLS Number: #10169238

Listing Office:

Office Name: Crye-Leike Commercial

Copyright© 2024 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: 5/7/2024, 5:20:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Homeowners Insurance

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Rate/APR

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

/10

Memphis Virtual School
3772 Jackson Ave
Distance between this listing and this school11.14 miles
Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

83%

<35k

17%

35k-100k

100k-200k

200k+

What level of education do the neighbors have?

High School: 72%
Post Secondary: 28%

What types of families live nearby?

53%

Single, No Kids

40%

Single, with Kids

Married, No Kids

Married, with Kids

Are the neighbors home owners or renters?

Renters: 97%
Home Owners: 3%

How old are people in this area?

27%

<11 yrs old

12-17 yrs old

32%

18-34 yrs old

22%

35-64 yrs old

11%

65+ yrs old

What do the neighbors do for fun?

UFC
Figure Skating
Soccer

Where do the neighbors shop?

Family Dollar
Forever 21
Burlington

Where do the neighbors go to eat?

Burger King
Church's Chicken
Dominos Pizza

What do the neighbors drive?

Buick
Cadillac
Mazda

What do the neighbors listen to?

Urban Contemporary
Jazz
Rhythmic Contemporary Hits

The neighbors living near this home have an average income of $12,530. The most common annual income of people living in Memphis, TN is less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Shelby County›Memphis›38116›1283 E Raines Ave

This home is located at 1283 E Raines Ave in Memphis, TN and zip code 38116 in the Whitehaven neighborhood. This home was built in 1964. It has been listed on Rocket Homes since April 03, 2024 and is currently priced at $1,125,000.

Memphis, TN housing market in April 2024 saw over 75 listings sold above listed price, more than 122 sold at listed price and over 272 sold below. The number of listings in Memphis, TN increased by 13.1% between March 2024 and April 2024.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Utilities

School Info

Other

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

More Resources

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Housing Market Reports in Shelby County