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516 Loraine Rd; Memphis, TN Property Details

516 Loraine Rd, Memphis, TN is a Single Family that was built in 1958. This property is currently a cash purchase and is not for sale. Our records show that 516 Loraine Rd has 3 bedrooms, and 1.5 bathrooms, and a total of 1,466 square feet. The lot size of 516 Loraine Rd is 15,942 square feet.

Off market
516 Loraine Rd Memphis, TN 38109
$28,150 Estimated Value
3 Beds
1.5 Baths
1,466 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1958
  • Purchase Price: $61,000
  • Est. Equity / %: $105,000 / 100%
  • Gross Yield: 10.023%
  • APN: 07-6111-0-0013
  • Situs County: Shelby
  • Length Of Ownership: 7 years

Rooms

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 7
  • Partial Bathrooms: 1

Structure

  • Stories: 1
  • Exterior Wall Type: Brick veneer
  • Building Condition: Average
  • Building Quality: D
  • Roof Type: Gable
  • Roof Cover Type: Composition Shingle

Measurements

  • Total: 1,466/SqFt
  • Lot: 15,942/SqFt
  • Gross: 1,466/SqFt
  • Garage: 624/SqFt
  • Living: 1,466/SqFt
  • Building: 1,466/SqFt
  • Ground: 1,466/SqFt
  • Garage Unfinished: 624/SqFt
  • Price Per Square Foot: $41.61
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Shelby County School District
  • Lat / Lon: 35.015804 / -90.04661
  • Subdivision: Airview
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 6853
  • Bathroom Fixtures: 5
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 1

HOA

  • H O A One Name: Airview Association
  • H O A One Type: Home Owner Association

Ownership Info

516 Loraine Rd has no associated ownership info
516 Loraine Rd has no associated ownership info.

Taxes

516 Loraine Rd has 10 associated Taxes items

516 Loraine Rd, Memphis, TN pays taxes in Shelby County, TN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $28,150. The APN we've located for 516 Loraine Rd is 07-6111-0-0013.

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Taxes
  • Assessed Value:  $28,150
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  07-6111-0-0013
  • Assessed Land Value:  3750
  • Market Land Value:  15000
  • Tax Amount:  757.24
  • Tax Year:  2025
  • Market Value:  112600
  • Market Year:  2025

Tax History

516 Loraine Rd has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $28,150 Land Value $3,750 Improvement Value $24,400 Tax Amount $757.24 Change Rate Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $18,900 Land Value $2,500 Improvement Value $16,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $18,900 Land Value $2,500 Improvement Value $16,400 Tax Amount $1,151.32 Change Rate Assessed CR Tax Rate +0.060916%
Year 2022 Assessed Value $18,900 Land Value $2,500 Improvement Value $16,400 Tax Amount $1,151.32 Change Rate +1.245295% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $18,900 Land Value $2,500 Improvement Value $16,400 Tax Amount $512.77 Change Rate -0.052023% Assessed CR Tax Rate +0.027131%
Year 2020 Assessed Value $16,925 Land Value $2,500 Improvement Value $14,425 Tax Amount $540.91 Change Rate Assessed CR Tax Rate +0.031959%
Year 2019 Assessed Value $16,925 Land Value $2,500 Improvement Value $14,425 Tax Amount $540.91 Change Rate -0.000018% Assessed CR Tax Rate +0.031959%
Year 2018 Assessed Value $16,925 Land Value $2,500 Improvement Value $14,425 Tax Amount $540.92 Change Rate -0.023081% Assessed CR Tax Rate +0.03196%
Year 2017 Assessed Value $16,925 Land Value $2,500 Improvement Value $14,425 Tax Amount $553.7 Change Rate +0.233734% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $13,200 Land Value Improvement Value Tax Amount $448.8 Change Rate -0.221968% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $13,200 Land Value Improvement Value Tax Amount $576.84 Change Rate -0.050454% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $607.49 Change Rate Assessed CR Tax Rate