494 E Raines Rd, Memphis, TN 38109
Property image
Property image
SOLD
OCT 17, 2025

494 E Raines Rd
Memphis, TN 38109

White Haven-Coro Lake
  • 3 Beds
  • 1 Bath
  • 1,286 sqft (on 0.42 acres)

$113,250

Last Sold: Oct 17, 2025
10% below list $126K
$88/sqft
Est. Refi. Payment $728/mo*
Refinance Your Home

$113,250

Last Sold: Oct 17, 2025
10% below list $126K
$88/sqft
Est. Refi. Payment $728/mo*
Refinance Your Home
3 Beds
1 Bath
1,286 sqft
(on 0.42 acres)

Local Information

  • Map ViewExplore the area around 494 E Raines Rd.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Investor Special in Whitehaven for sale! Home recently updated with new flooring, lighting and paint. New HVAC in 2024 and new roof! With our renovations, this will reduce overall maintenance on the home! Home is professionally managed and currently occupied on a two-year lease at $1025 in year one and $1075 in year 2! Lease ends May 2027. Call listing agent for details. Do not disturb tenants. Access granted upon accepted offer!
494 E Raines Rd, Memphis, TN 38109 is a 3 bedroom, 1 bathroom, 1,286 sqft single-family home in White Haven-Coro Lake, built in 1948. It last sold for $113,250 on Oct 17, 2025 (10% below the $125,500 asking price). More recently, it was listed as a rental in October 2024 with an asking price of $1,025 per month. That rental listing was removed on May 5, 2025. It is currently off market. The Trulia Estimate is $113,500, with a rent estimate of $1,300/month.

Home Highlights

Parking
Open Parking
Outdoor
Patio
A/C
Heating & Cooling
HOA
None
Price/Sqft
$88/sqft
Listed
180+ days ago

Home Details for 494 E Raines Rd

Interior Features

Interior Details
Number of Rooms: 6Types of Rooms: Master Bedroom, Dining Room, Living Room, Den
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1286 Square Feet
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Flooring: Part Hardwood
Levels, Entrance, & Accessibility
Stories: 1Floors: Part Hardwood

Exterior Features

Exterior Home Features
Patio / Porch: PatioNo Private Pool
Parking & Garage
Number of Covered Spaces: 2No GarageHas Open ParkingParking Spaces: 2Parking: Driveway/Pad
Pool
Pool: None

Days on Market

Cumulative Days on Market: 83

Property Information

Year Built
Year Built: 1948
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: General ResidentialArchitecture: Traditional
Building
Construction Materials: Brick VeneerNot a New ConstructionNot Attached PropertyDoes Not Include Home Warranty
Property Information
Parcel Number: 076023 00018

Price & Status

Price
List Price: $125,500Price Per Sqft: $88/sqftPrice Range: $113,250 - $125,500
Status Change & Dates
Off Market Date: Tue Sep 02 2025Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: MemphisCommunity: Westwood Meadows

Lot Information

Lot Area: 0.42 acres

Miscellaneous

Mls Number: 10198721Living Area Range: 1200-1399Living Area Range Units: Square Feet
Last check for updates: about 16 hours ago
Listed by Andrew Akins
CB Properties of Memphis, LLC
Bought with: Andrew Akins, CB Properties of Memphis, LLC
Source: MAAR, MLS#10198721

Price History for 494 E Raines Rd

DatePriceEventSource
10/17/2025$113,250Sold
MAAR #10198721
09/02/2025$125,500PendingMAAR #10198721
07/11/2025$125,500PriceChange
MAAR #10198721
06/11/2025$129,500Listed For SaleMAAR #10198721
05/05/2025$1,025ListingRemovedZillow Rentals
10/22/2024$1,025Listed For RentZillow Rentals
09/11/2024$80,000Sold
MAAR #10174379
08/22/2024$99,000PendingMAAR #10174379
08/13/2024$99,000PriceChange
MAAR #10174379
07/23/2024$101,000PriceChange
MAAR #10174379
07/09/2024$105,000PriceChange
MAAR #10174379
06/21/2024$110,000PriceChange
MAAR #10174379
06/11/2024$115,000PriceChange
MAAR #10174379
05/23/2024$120,000Listed For SaleMAAR #10172958
07/28/2022ListingRemovedZillow Rental Network Premium
07/13/2022$900Listed For RentZillow Rental Network Premium
12/30/2021$87,000Sold
MAAR #10113358
11/29/2021$87,000PendingMAAR #10113358
11/29/2021$87,000Listed For SaleMAAR #10113358
11/26/2021ListingRemovedRE/MAX International
09/20/2021$87,000PriceChange
RE/MAX International #10107352
08/27/2021$90,000PriceChangeRE/MAX International #10107352
05/06/2021ListingRemovedZillow Rental Manager
04/14/2021$825Listed For RentZillow Rental Manager
03/22/2021$95,000Listed For SaleRE/MAX International #10095569
12/08/2020$35,000Sold
N/A
11/09/2020$40,000PendingAgent Provided
11/09/2020$40,000Listed For SaleAgent Provided
03/27/2006$55,000Sold
N/A

Market trends in White Haven-Coro Lake

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$105K
$3.33KMoM
Sale-to-List Price
96.9%
1.2%MoM
Price per sq ft
$86
$4MoM
Available listings
320
17MoM
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Property Tax and Assessment

Year2025
Tax$1,244
Assessment$94,400
Home facts updated by county records

Comparable Sales for 494 E Raines Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
500 Sullivan Dr, Memphis, TN
0.09
Single-Family Home
$76,000
09/05/25
3
1
967
390 Sullivan Dr, Memphis, TN
0.22
Single-Family Home
$82,500
01/09/26
3
1
1,032
4094 Grantham Dr, Memphis, TN
0.23
Single-Family Home
$51,000
09/19/25
3
1
1,082
470 Dreger Ave, Memphis, TN
0.14
Single-Family Home
$146,500
12/04/25
3
2
1,451
4052 Shirley Dr, Memphis, TN
0.33
Single-Family Home
$108,500
10/20/25
4
1.5
1,241

Nearby homes

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Assigned Schools

These are the assigned schools for 494 E Raines Rd.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

White Haven-Coro Lake
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about White Haven-Coro Lake

At least 339 Trulia users voted on each feature.

  • 87 % Say car is needed

  • 85 % Say yards are well-kept

  • 77 % Say parking is easy

  • 64 % Say there are sidewalks

  • 63 % Say kids play outside

  • 61 % Say there's holiday spirit

  • 57 % Say streets are well-lit

  • 56 % Say it's quiet

  • 48 % Say they plan to stay for at least 5 years

  • 46 % Say neighbors are friendly

  • 45 % Say it's dog friendly

  • 38 % Say it's walkable to grocery stores

  • 31 % Say there's wildlife

  • 30 % Say people would walk alone at night

  • 25 % Say it's walkable to restaurants

  • 21 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Crystal wallace
    "It’s a great peaceful place to live the area is beautiful and houses are just as well look like everyone looks out for one another in the community haven’t heard to much crime in the neighborhood "
    1
    Flag
  • Dazarries Wilkerson
    "My commute is great soo far I have zero complaints about the neighboring areas. This property is only about 18 minutes away from my job and I think it would be a great fit."
    1
    Flag
  • Bridget Harris
    "I live in the area .. and have for over 30 years. It’s retired educators, physicians, and attorneys who live in the area. "
    4
    Flag
  • Bridget Harris
    "The area is rebuilding with restaurants and great neighborhood parks safe for daily exercise. There are a variety of great schools in the area from private, charter and public schools!"
    1
    Flag
  • Trulia User
    "Good I have doctors appointment and so do my sons. My sons are disable and we need piece and quite. It look like a good commute."
    4
    Flag
  • Trulia User
    "some areas in the neighbor are great, but they are hidden. whitehaven has more to offer than many of the low income neighborhoods in memphis. "
    2
    Flag
  • Trulia User
    "very safe each time I have lived in this area. I also go through this neighborhood several times a day and never seen anything that would bother me or surprise me . "
    9
    Flag
  • Trulia User
    "Needs some improvement! More police patrol night & day. Need sidewalks so the people & children can walk. Need more lighting. Need playground for children and a basketball court for boys & men."
    4
    Flag
  • Trulia User
    "I talked to my neighbor from time to time. Any other no other no just wave at my neighbors when passing by. Everyone is to themselves. "
    1
    Flag
  • Trulia User
    "right in the heart of Graceland, a city mall, numerous restaurant, grocery stores, and well lit streets. Very safe neighborhood with low crime, and nearby police and fire stations "
    6
    Flag
  • Trulia User
    "Tenured neighbors are friendly and watch out for each other. Great neighborhood to live in and everyone takes care of their property. "
    2
    Flag
  • Trulia User
    "The Elvis Presley Mansion/Museum is minutes away. This neighborhood is also 10 minutes away from downtown Memphis. "
    0
    Flag
  • Mwangirajoun
    "It’s ok over here. I like the elderly people who are truly amazing. The neighborhood is decent for the most part, I actually feel safe even though it’s lower income in some areas. My kids like to go outside and it’s lots of space to play for them. I still wanna move though. I just want to have more room and a quieter environment. I honestly need a safe place to own a pet. I worry about his safety. "
    52
    Flag
  • Willdogood64
    "I have live in the area for over four year..So when I start looking to buy a home I wanted to stay in this area..I like how you can get around from end of town to the next one in 15 to 20 minute."
    18
    Flag
  • Positive E.
    "I have lived in the Diamond Estates Community for 20 years now and I have never had any problems. Everyone focuses on the upkeep of their home and maintaining their property value. You will not make a bad choice when choosing this community. "
    26
    Flag
  • Markesha M.
    "Our neighborhood is gated and code locked. The Day Estates subdivision is predominantly African American. No crime whatsoever happens behind our gates. We know each neighbor by name. It’s a small community, maybe 20 homes. The owner of the land lives in the neighborhood. The Day Estates should have a much higher property value than its given. "
    21
    Flag
  • Lisalou1227
    "I lived here for most of my life. I moved to Atlanta for 10 years and moved back here. All of the neighbors are connected and know each other very well. We look out for each other to help maintain a safe environment "
    27
    Flag
  • Markesha M.
    "Lived here in and off my whole life. I’ve never had any disruptions myself, but I know of many bad eggs that live in the area. There are also many retirees that cause no trouble at all."
    15
    Flag
  • Sherry W.
    "There isnt enough thing for the children to do around here need more affordable camps for summer time"
    4
    Flag
  • Kimberly
    "People enjoy walking their dog and enjoy the peaceful area and they have dog parks near by. a few of people walk their dog daily."
    0
    Flag
  • Trulia User
    "The community that I live in is a community of mostly older people, no parks, and no sidewalks which is very important. The Elementary school in the neighborhood has been closed."
    3
    Flag
  • Schanaquejohnson
    "I've been living in the same place for the last 24 yrs. We've raised 4 kids and grandkids here. The schools are close by in walking distance as well as shopping centers and local restaurants ."
    2
    Flag
  • Belinda B.
    "There are friendly families that lives around, parks, grocery stores, schools, community centers,gas stations and workshops "
    1
    Flag
  • Mrsknutso
    "Indian hills annual festival for kids and adults. There is food, games, m music and lots of fun and fellowship. "
    2
    Flag
  • Briharris52003
    "My neighbors are mixed in age , settled and millennials! Friendly area Historic sights.20min from everywhere! "
    0
    Flag

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Homes for sale near 494 E Raines Rd

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Off Market Homes Near 494 E Raines Rd

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