2 months on rocket

1163 W Raines Rd, Memphis, TN, 38109

$68,000

3.31 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #10180615
Lot Size3.31 Acres
StatusActive

About 1163 W Raines Rd

3.31 acres of land ready to be developed!! This is a great lot, leveled with mature trees and could also be a great investment opportunity in the Greater Memphis area. Zoned for residential.

Property Details

Property Features

Listing Office:

  • Office Name: Crye-Leike, Inc., REALTORS

Lot Features

Lot Information:

  • Lot: City Lot
  • Lot Size: 3.31 Acres

Other

Directions Information:

  • Directions: South on Third, right on Raines, after you cross Weaver Lot will be down on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $68,000

Tax Information:

  • Annual Amount: $253
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Med. Sold Price

$190.4K

# of Sold Homes

409

1163 W Raines Rd vs Memphis

79 DAYS ON ROCKET

$68,000

-$122.4K Less

KEY TAKEAWAY

This property is $122.4K less than the Median Sold Price in Memphis, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10180615

Listing Office:

  • Office Name: Crye-Leike, Inc., REALTORS

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: 11/24/2024, 4:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 29, 2019Home Sold
$13,000

Tax History

YEARPROP. TAXASSESSMENT
2021$253$3,500
2020$230$3,175
2019$230$3,175
2018$130$3,175
2017$139$3,175

History based on county public records data.

Payment Calculator

$407

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$270

Powered By

Rocket Mortgage

Advertisement

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.

Nearby Schools

school-card-donut-1076967
4
/10
  • Double Tree Elementary School

  • 4560 Double Tree Rd

  • 0.80 miles

  • Public Magnet Grades PK-5

school-card-donut-1076968
2
/10
  • Levi Elementary School

  • 135 W Levi Rd

  • 1.99 miles

  • Public District Grades PK-5

school-card-donut-1076969
4
/10
  • Ford Road Elementary School

  • 3336 Ford Rd

  • 2.03 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,721. Residents of Memphis, TN typically earn between $35k-100k each year. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1163 W Raines Rd

What is the listing price of this property?

The listing price of 1163 W Raines Rd property is $68,000.

What type of property is this?

The property 1163 W Raines Rd is land located in Memphis, Tennessee, 38109.

Is this property for sale now?

Active Listing: 1163 W Raines Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $253 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 29, 2019 for $13,000. (source: MLS/tax record).

How much acreage is this property?

The property 1163 W Raines Rd is 3.31 acres.
Rocket Homes logo

Interested in 1163 W Raines Rd? Let's connect.

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.


Rocket HomesTennesseeShelby CountyMemphis381091163 W Raines Rd

This home is located at 1163 W Raines Rd in Memphis, TN and zip code 38109 in the Boxtown neighborhood. This home sits on a 3.31 acre lot. It has been listed on Rocket Homes since September 05, 2024 and is currently priced at $68,000.

In October 2024 more than 53 listings in Memphis, TN were sold above the asking price. During the same period more than 103 listings were sold at asking price, while more than 252 were sold below. Between September 2024 and October 2024, Memphis, TN real estate market has seen increase in the number of listings by 22.4%.

From Rocket Homes Real Estate and based on county public records data.

More Resources