494 E Raines Rd, Memphis, TN 38109
Property image
Property image
OFF MARKET

$113,400

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,286 sqft (on 0.42 acres)

494 E Raines Rd, Memphis, TN 38109

Whitehaven
Est. Refi. Payment $782/mo*
Refinance Your Home
Currently Off Market - Sold Oct 17, 2025 for $113,250

Home Value

Trulia Estimate
$113K
Since last month
Decreased$500 (-0.4%)
Since last year
Decreased$9K (-7.4%)
Since last sale
Decreased$250 (-0.2%)
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 +243% in the last 10 years
MonthEstimated value
2026
September 2026$113K
August 2026$114K
July 2026$112K
June 2026$113K
May 2026$114K
April 2026$113K
March 2026$114K
February 2026$112K
January 2026$112K
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
500 Sullivan Dr, Memphis, TN
0.09
Single-Family Home
$137,500
08/25/26
3
1
967
390 Sullivan Dr, Memphis, TN
0.22
Single-Family Home
$82,500
01/09/26
3
1
1,032
401 Bonita Dr, Memphis, TN
0.22
Single-Family Home
$50,500
09/15/26
3
1
1,003
318 E Raines Rd, Memphis, TN
0.33
Single-Family Home
$77,000
09/18/26
3
1
1,495
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 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
518 Clower Rd, Memphis, TN 38109
0.07
$176,900
4
3
2,178
Off Market
500 Sullivan Dr, Memphis, TN 38109
0.09
$137,500
3
1
967
Recently Sold
517 Clower Ave, Memphis, TN 38109
0.11
$198,400
3
2
-
Off Market
464 Clower Rd, Memphis, TN 38109
0.09
$118,400
3
2
1,092
Off Market
481 Clower Ave, Memphis, TN 38109
0.10
$133,900
3
1.5
1,197
Off Market
4190 Alice Dr, Memphis, TN 38109
0.13
$135,700
3
2
1,225
Off Market
4200 Alice Dr, Memphis, TN 38109
0.14
$167,300
3
2.5
2,255
Off Market
470 Dreger Ave, Memphis, TN 38109
0.14
$146,500
3
2
1,451
Recently Sold
436 Clower Ave, Memphis, TN 38109
0.13
$166,800
3
2
1,454
Off Market
512 Bonita Dr, Memphis, TN 38109
0.16
$123,200
3
1
936
Off Market
527 Dreger Rd, Memphis, TN 38109
0.17
$147,900
3
2
1,802
Off Market

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

Home Highlights

Single-Family Home
Built in 1948
0.42 acre lot
1,286 sqft
$88/sqft
Open Parking

About this House

What's unique:Completely renovated home
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 Whitehaven, 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. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $113,400, with a rent estimate of $1,184/month.
Last check for updates: about 2 hours ago
Listed by Andrew Akins
CB Properties of Memphis, LLC
Bought with: Andrew Akins, CB Properties of Memphis, LLC
Source: MAAR, MLS#10198721

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 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

Price and Tax history

DateEventPrice
Oct 17, 2025
Source: MAAR #10198721
Sold
$113,250
Sep 2, 2025
Source: MAAR #10198721
Pending
$125,500
Jul 11, 2025
Source: MAAR #10198721
PriceChange
$125,500
Price decreased by 3%
Jun 11, 2025
Source: MAAR #10198721
Listed For Sale
$129,500
May 5, 2025
Source: Zillow Rentals
ListingRemoved
$1,025

Market trends in Memphis

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$154K
$4KMoM
Sale-to-List Price
98.1%
0.1%MoM
Price per sq ft
$111
$1MoM
Available listings
3182
22MoM

Around this home

Neighborhood Overview

Whitehaven
See Local Highlights
Neighborhood stats provided by third party data sources.

LGBTQ Local Legal Protections

Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. 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 consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
Some or all of the listings displayed may not belong to the firm whose website is being visited.

Frequently asked questions about 494 E Raines Rd

  • What is 494 E Raines Rd estimated to be worth?
    Trulia's estimated value for 494 E Raines Rd in Memphis, TN is $113,400.
  • What is the price history for 494 E Raines Rd?
    494 E Raines Rd in Memphis, TN last sold for $113,250 in October 2025.
  • 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 $154K. That is down $4K from the prior month.
  • Does 494 E Raines Rd have air conditioning?
    Yes, 494 E Raines Rd in Memphis, TN has air conditioning.
  • How big is the lot at 494 E Raines Rd?
    The lot at 494 E Raines Rd in Memphis, TN is about 0.42 acres (18,295 sq ft).

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