516 E Raines Rd, Memphis, TN 38109
OFF MARKET

$167,000

Trulia Estimate
  • Studio
  • 2,520 sqft (on 0.42 acres)

516 E Raines Rd, Memphis, TN 38109

White Haven-Coro Lake
Est. Refi. Payment $1,098/mo*
Refinance Your Home

Home Value

Trulia Estimate
$167K
Since last month
Decreased$1K (-0.8%)
Since last year
Decreased$2K (-0.9%)
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 +14% in the last 10 years
MonthEstimated value
2026
August 2026$167K
August 2026$167K
July 2026$169K
June 2026$168K
May 2026$167K
February 2026$168K
January 2026$169K
2025
2024
2023

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
494 E Raines Rd, Memphis, TN
0.04
Single-Family Home
$113,250
10/17/25
3
1
1,286
4138 Shirley Dr, Memphis, TN
0.14
Single-Family Home
$89,683
12/31/25
3
1
1,272
535 Dreger Ave, Memphis, TN
0.18
Single-Family Home
$184,500
06/02/26
3
2
1,941
500 Sullivan Dr, Memphis, TN
0.08
Single-Family Home
$137,500
08/25/26
3
1
967
339 Shofner Ave, Memphis, TN
0.42
Single-Family Home
$168,200
01/07/26
4
3
2,501
470 Dreger Ave, Memphis, TN
0.16
Single-Family Home
$146,500
12/04/25
3
2
1,451
4094 Grantham Dr, Memphis, TN
0.20
Single-Family Home
$51,000
09/19/25
3
1
1,082
4052 Shirley Dr, Memphis, TN
0.29
Single-Family Home
$108,500
10/20/25
4
1.5
1,241
390 Sullivan Dr, Memphis, TN
0.25
Single-Family Home
$82,500
01/09/26
3
1
1,032
376 Clarice Dr, Memphis, TN
0.40
Single-Family Home
$80,000
11/21/25
3
2
1,878

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
494 E Raines Rd, Memphis, TN 38109
0.04
$113,400
3
1
1,286
Off Market
518 Clower Rd, Memphis, TN 38109
0.07
$170,700
4
3
2,178
Off Market
500 Sullivan Dr, Memphis, TN 38109
0.08
$137,500
3
1
967
Recently Sold
517 Clower Ave, Memphis, TN 38109
0.11
$199,400
3
2
-
Off Market
464 Clower Rd, Memphis, TN 38109
0.12
$115,700
3
2
1,092
Off Market
481 Clower Ave, Memphis, TN 38109
0.12
$133,900
3
1.5
1,197
Off Market
4190 Alice Dr, Memphis, TN 38109
0.11
$134,900
3
2
1,225
Off Market
4200 Alice Dr, Memphis, TN 38109
0.11
$167,300
3
2.5
2,255
Off Market
470 Dreger Ave, Memphis, TN 38109
0.16
$146,500
3
2
1,451
Recently Sold
436 Clower Ave, Memphis, TN 38109
0.17
$164,600
3
2
1,454
Off Market
512 Bonita Dr, Memphis, TN 38109
0.15
$122,700
3
1
936
Off Market
527 Dreger Rd, Memphis, TN 38109
0.17
$144,300
3
2
1,802
Off Market

Local Information

  • Map ViewExplore the area around 516 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 1953
0.42 acre lot
2,520 sqft
$66/sqft
Garage

About this House

This single-family home is located at 516 E Raines Rd, Memphis, TN. 516 E Raines Rd is in the White Haven-Coro Lake neighborhood in Memphis, TN and in ZIP code 38109. This property has approximately 2,520 sqft of floor space. This property has a lot size of 0.42 acres and was built in 1953.
516 E Raines Rd, Memphis, TN 38109 is a studio, 2,520 sqft single-family home in White Haven-Coro Lake, built in 1953. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $167,000, with a rent estimate of $1,364/month.

Home Details for 516 E Raines Rd

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 3

Property Information

Year Built
Year Built: 1953
Property Type / Style
Property Type: Single Family Home

Exterior Features

Exterior Home Features
Exterior: Brick, Metal
Parking & Garage
GarageParking: Garage Attached

Community

Units in Building: 1

Lot Information

Lot Area: 0.42 acres

Price and Tax history

DateEventPrice
Mar 27, 2026
Source: MAAR #10201456
ListingRemoved
$174,000
Dec 13, 2025
Source: MAAR #10201456
PriceChange
$174,000
Price decreased by 1%
Aug 15, 2025
Source: MAAR #10201456
PriceChange
$175,000
Price decreased by 13%
Jul 17, 2025
Source: MAAR #10201456
Listed For Sale
$200,000

Market trends in White Haven-Coro Lake

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$112K
$1.7KMoM
Sale-to-List Price
98.5%
1.2%MoM
Price per sq ft
$85
$2MoM
Available listings
353
6MoM

Around this home

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

  • 49 % 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

LGBTQ Local Legal Protections

Frequently asked questions about 516 E Raines Rd

  • What is 516 E Raines Rd estimated to be worth?
    Trulia's estimated value for 516 E Raines Rd in Memphis, TN is $167,000.
  • Is Memphis a buyer's or seller's market?
    Memphis is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Memphis?
    The median sale price in Memphis is $112K. That is down $1.7K from the prior month.
  • What do residents say about the White Haven-Coro Lake neighborhood?
    Residents describe the White Haven-Coro Lake neighborhood in Memphis, TN as well-kept, easy to park in, and pedestrian-friendly. See recently sold homes in White Haven-Coro Lake, Memphis.
  • Does 516 E Raines Rd have air conditioning?
    Yes, 516 E Raines Rd in Memphis, TN has air conditioning.
  • How big is the lot at 516 E Raines Rd?
    The lot at 516 E Raines Rd in Memphis, TN is about 0.42 acres (18,469 sq ft).

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