For sale

Price cut: $46.5K (7/9)

$425,000

507 Armel Dr, Collierville, TN 38017

3beds

2,224sqft

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Townhouse

Built in 2024

3,920 Square Feet Lot

$422,800 Zestimate^®

$191/sqft

$342/mo HOA

What's special

PRICE JUST REDUCED-INCREDIBLE OPPORTUNITY! LOCATION!LOCATION! This stunning, low-maintenance, move-in-ready luxury townhome is a true gem! This bright, modern open-concept design delivers that coveted model-home feel! Gorgeous kitchen with upgraded cabinetry and a dedicated coffee bar! This spacious 3 bedroom, 2.5 bath home offers the primary suite on the first floor. Designer fans, plantation shutters, wood blinds, 9' ceilings , 2 car attached garage w/DEAS PAR floors, covered patio, full security system. Quiet location with a private alley~the ultimate retreat! Enjoy carefree living with the HOA-maintained lawn care and exterior keep, access to resort style pool and pool house. Affordable lifestyle just MINUTES from Collierville's premier schools, shopping, dining, and convenient access to HWY 385! A MUST SEE!

68 days

802

6

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Rooms

Room types: Attic, Entry Hall, Loft/Balcony

Primary bedroom

Features: Hardwood Floor, Smooth Ceiling, Walk-In Closet(s)
Level: First
Area: 196
Dimensions: 14 x 14

Bedroom 2

Features: Carpet, Shared Bath, Smooth Ceiling, Walk-In Closet(s)
Level: Second
Area: 168
Dimensions: 12 x 14

Bedroom 3

Features: Carpet, Shared Bath, Smooth Ceiling, Walk-In Closet(s)
Level: Second
Area: 36
Dimensions: 3 x 12

Primary bathroom

Features: Double Vanity, Separate Shower, Smooth Ceiling, Full Bath

Dining room

Area: 144
Dimensions: 9 x 16

Kitchen

Features: Breakfast Bar, Kitchen Island, Pantry

Living room

Features: Great Room
Dimensions: 0 x 0

Den

Area: 256
Dimensions: 16 x 16

Heating

Electric Heat Pump

Cooling

220 Wiring, Ceiling Fan(s), Central Air

Appliances

Included: Dishwasher, Microwave, Range/Oven, Refrigerator, Self Cleaning Oven
Laundry: Laundry Room

Features

Double Vanity Bath, Full Bath Down, Half Bath Down, Luxury Primary Bath, Primary Down, High Ceilings, Smooth Ceiling, Walk-In Closet(s), 1/2 Bath, Den/Great Room, Dining Room, Kitchen, Laundry Room, Primary Bedroom, 1 Bath, 2nd Bedroom, 3rd Bedroom, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Carpet, Part Hardwood, Tile
Windows: Double Pane Windows, Window Treatments
Attic: Pull Down Stairs
Has fireplace: No

Interior area

Total interior livable area: 2,224 sqft

Property

Parking

Total spaces: 2
Parking features: Garage Faces Rear, Garage Door Opener
Has garage: Yes
Covered spaces: 2

Features

Stories: 1.5
Patio & porch: Patio, Covered Patio
Exterior features: Auto Lawn Sprinkler, Sidewalks
Pool features: Community, Neighborhood

Lot

Size: 3,920 Square Feet
Dimensions: 30 x 131.5
Features: Level, Professionally Landscaped, Well Landscaped Grounds

Details

Additional structures: Pool House
Parcel number: C0244D D00002

Construction

Type & style

Home type: Townhouse
Architectural style: Traditional
Property subtype: Townhouse
Attached to another structure: Yes

Materials

Brick Veneer, Wood/Composition
Foundation: Slab
Roof: Composition Shingles

Condition

New construction: No
Year built: 2024

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Nbrhd Recreation Facility
Security: Fire Sprinkler System, Security System, Smoke Detector(s), Monitored Alarm, Burglar Alarm, Fire Alarm
Subdivision: Byhalia Commons Pd Phase 3b And 3c

HOA

Has HOA: Yes
HOA fee: $4,100 annually

Location

Region: Collierville

Financial & listing details

Price per square foot: $191/sqft
Tax assessed value: $504,000
Annual tax amount: $5,430
Price range: $425K - $425K
Date on market: 5/8/2026
Cumulative days on market: 69 days
Listing terms: Conventional,FHA,VA Loan

Estimated market value

$422,800

$402,000 - $444,000

$2,697/mo

Price history

Date	Event	Price
7/9/2026	Price change	$425,000-9.9%$191/sqft
Source: MAAR #10221089 Report a problem
5/8/2026	Listed for sale	$471,500-5.5%$212/sqft
Source: MAAR #10221089 Report a problem
7/31/2024	Sold	$499,000$224/sqft
Source: MAAR #10164110 Report a problem
1/20/2024	Pending sale	$499,000$224/sqft
Source: MAAR #10164110 Report a problem
1/13/2024	Listed for sale	$499,000$224/sqft
Source: MAAR #10164110 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,431 +189.4%	$126,000 +251.2%
2024	$1,876	$35,875

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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