Lot/land

$49,999

1233 W Raines Rd, Memphis, TN 38109

--beds

--baths

8.69Acres

Unimproved Land

Built in ----

8.69 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Prime R-8 lot offering rare flexibility for residential or civic use and subdivision potential. Located in a well-established South Memphis neighborhood near parks, shopping, and major roadways. Strong demand for single-family housing makes this a great opportunity for builders, investors, or future homeowners. A versatile parcel with excellent development potential. Recently cleaned and cleared of kudzu.

122 days

575

57

Facts & features

Property

Lot

Size: 8.69 Acres
Dimensions: 360 x 1000
Features: City Lot, Regular
Topography: Wooded

Details

Parcel number: 082024 00008
Zoning: res
Zoning description: Adjacent Area: Single Family

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected

Community & HOA

Community

Subdivision: Union Central Life Ins Co

Location

Region: Memphis

Financial & listing details

Tax assessed value: $36,600
Annual tax amount: $486
Date on market: 11/17/2025
Cumulative days on market: 111 days
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$993/mo

Price history

Date	Event	Price
1/21/2026	Listed for sale	$49,999
Source: MAAR #10209913 Report a problem
1/10/2026	Pending sale	$49,999
Source: MAAR #10209913 Report a problem
12/5/2025	Price change	$49,999-16.7%
Source: MAAR #10209913 Report a problem
11/19/2025	Price change	$59,999-14.3%
Source: MAAR #10209913 Report a problem
11/18/2025	Price change	$69,999-12.5%
Source: MAAR #10209913 Report a problem
11/17/2025	Listed for sale	$79,999+433.3%
Source: MAAR #10209913 Report a problem
10/22/2025	Sold	$15,000-72.7%
Source: Public Record Report a problem
2/20/2025	Listing removed	$55,000
Source: MAAR #10186040 Report a problem
12/31/2024	Pending sale	$55,000
Source: MAAR #10186040 Report a problem
12/9/2024	Price change	$55,000-8.3%
Source: MAAR #10186040 Report a problem
12/2/2024	Listed for sale	$60,000
Source: MAAR #10186040 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$482 -0.7%	$9,150 +24.1%
2024	$486 +8.1%	$7,375
2023	$449	$7,375
2022	--	$7,375
2021	--	$7,375 +10.1%
2020	$214	$6,700
2019	$214 -21.1%	$6,700
2018	$271 -45.1%	$6,700
2017	$495 +117.1%	$6,700
2016	$228 -35.9%	$6,700
2014	$356	$6,700

Find assessor info on the county website

BuyAbility℠ payment

Estimated monthly payment

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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