$252,300
- 3 Beds
- 2 Baths
- 2,556 sqft (on 0.40 acres)
1608 E Raines Rd, Memphis, TN 38106
Est. Refi. Payment $1,616/mo*
Refinance Your HomeCurrently Off Market - Sold Jul 31, 2023 for $240,000
Home Value
Trulia Estimate
$252KSince last month
Increased$9K (+3.4%)Since last year
Increased$6K (+2.3%)Since last sale
Increased$15K (+6.3%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +156% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $255K |
| August 2026 | $252K |
| July 2026 | $247K |
| June 2026 | $252K |
| May 2026 | $254K |
| April 2026 | $255K |
| March 2026 | $252K |
| February 2026 | $252K |
| January 2026 | $251K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.50 | Single-Family Home | $203,000 | 04/10/26 | 4 | 2 | 1,353 | |
0.52 | Single-Family Home | $196,000 | 07/06/26 | 4 | 2 | 1,311 | |
0.21 | Single-Family Home | $149,800 | 11/25/25 | 4 | 2 | 1,760 | |
0.44 | Single-Family Home | $78,000 | 10/30/25 | 4 | 2 | 1,973 | |
0.50 | Single-Family Home | $118,000 | 08/14/26 | 3 | 2 | 1,150 | |
0.24 | Single-Family Home | $67,000 | 05/11/26 | 3 | 1 | 1,315 | |
0.67 | Single-Family Home | $56,000 | 05/29/26 | 4 | 2 | 2,386 | |
0.79 | Single-Family Home | $149,800 | 06/24/26 | 3 | 2 | 1,552 | |
0.83 | Single-Family Home | $128,000 | 03/26/26 | 3 | 1.5 | 1,083 | |
0.41 | Single-Family Home | $112,000 | 09/26/25 | 3 | 1 | 896 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.22 | $46,000 | 2 | 1 | 1,157 | Recently Sold | |
0.24 | $67,000 | 3 | 1 | 1,315 | Recently Sold | |
0.27 | $127,100 | 2 | 1 | 1,101 | Off Market | |
0.27 | $136,300 | 4 | 2 | 1,600 | Off Market | |
0.32 | $100,000 | 4 | 2 | 1,650 | Off Market | |
0.39 | - | - | - | - | Off Market | |
0.41 | $18,500 | 2 | 1 | 696 | Recently Sold | |
0.43 | $71,600 | 3 | 2 | 1,139 | Off Market | |
0.43 | $95,100 | 3 | 2 | 1,044 | Off Market | |
0.43 | $73,000 | 3 | 1 | 825 | Off Market | |
0.41 | $139,400 | 3 | 2 | 1,449 | Off Market | |
0.40 | $35,000 | 6 | 2.5 | 2,213 | Recently Sold |
Local Information
-- mins to
Home Highlights
Single-Family Home
Built in 1960
0.4 acre lot
2,556 sqft
$99/sqft
About this House
This single-family home is located at 1608 E Raines Rd, Memphis, TN. 1608 E Raines Rd is in the Downtown neighborhood in Memphis, TN and in ZIP code 38106. This property has 3 bedrooms, 2 bathrooms and approximately 2,556 sqft of floor space. This property has a lot size of 0.40 acres and was built in 1960.
1608 E Raines Rd, Memphis, TN 38106 is a 3 bedroom, 2 bathroom, 2,556 sqft single-family home in Downtown, built in 1960. It last sold for $240,000 on Jul 31, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $252,300, with a rent estimate of $1,564/month.
Home Details for 1608 E Raines Rd
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Interior Details BasementNumber of Rooms: 8 |
Levels, Entrance, & Accessibility Stories: 1 |
Heating & Cooling Air ConditioningCooling System: Central |
Fireplace & Spa Fireplace |
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Exterior Home Features Roof: CompositionDeckExterior: BrickFoundation Type: Crawl Raised |
Parking & Garage Parking: Carport |
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Year Built Year Built: 1960 |
Property Type / Style Property Type: Single Family HomeArchitecture: traditional |
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Units in Building: 1 |
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Lot Area: 0.40 acres |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 31, 2023 Source: MAAR #10148938 | Sold | $240,000 |
Jul 13, 2023 Source: MAAR #10148938 | Pending | $245,000 |
Jun 23, 2023 Source: MAAR #10148938 | Contingent | $245,000 |
Jun 17, 2023 Source: MAAR #10148938 | PriceChange | $245,000 Price decreased by 2% |
May 30, 2023 Source: MAAR #10148938 | Listed For Sale | $249,000 |
Dec 12, 2022 Source: N/A | Sold | $125,000 |
May 8, 2008 Source: N/A | Sold | $74,000 |
Feb 8, 2008 Source: N/A | Sold | $104,778 |
Sep 4, 2002 Source: N/A | Sold | $87,500 |
Jan 16, 2002 Source: N/A | Sold | $81,609 |
May 12, 2000 Source: N/A | Sold | $106,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $4,454 | $338,000 |
Home facts updated by county records
Market trends in Downtown
Last updated August 2026
Avg. sale price
$159K
$10.37KMoM
Sale-to-List Price
โ
Price per sq ft
$120
$3MoM
Available listings
384
3MoM
Around this home
What Locals Say about Downtown
At least 264 Trulia users voted on each feature.
85 % Say there are sidewalks
76 % Say car is needed
72 % Say it's dog friendly
71 % Say streets are well-lit
64 % Say it's walkable to restaurants
64 % Say there's holiday spirit
60 % Say parking is easy
56 % Say yards are well-kept
48 % Say it's quiet
45 % Say kids play outside
43 % Say neighbors are friendly
43 % Say they plan to stay for at least 5 years
40 % Say people would walk alone at night
38 % Say it's walkable to grocery stores
37 % Say there are community events
22 % Say there's wildlife
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 1608 E Raines Rd
- What is 1608 E Raines Rd estimated to be worth?Trulia's estimated value for 1608 E Raines Rd in Memphis, TN is $252,300.
- What is the price history for 1608 E Raines Rd?1608 E Raines Rd in Memphis, TN last sold for $240,000 in July 2023.
- Is Memphis a buyer's or seller's market?Memphis is currently a buyer's market, based on recent for-sale activity.
- What's the median sale price in Memphis?The median sale price in Memphis is $159K. That is down $10.37K from the prior month.
- Does 1608 E Raines Rd have air conditioning?Yes, 1608 E Raines Rd in Memphis, TN has air conditioning.
- How big is the lot at 1608 E Raines Rd?The lot at 1608 E Raines Rd in Memphis, TN is about 0.40 acres (17,424 sq ft).

