507 Armel Dr

Collierville, TN
$ 425,000 Beds 3 Baths 2.5 Sq 2,224
Monthly Estimate* How much can I afford?

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!

Single Family

  • Price
  • $ 425,000
  • City
  • Collierville
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • SHELBY
  • Half Bathrooms
  • 1
  • Area
  • Collierville - Southwest
  • Lot Size
  • 0.09 Acres
  • Zip
  • 38017
  • Sqr Footage
  • 2,224
  • Year Built
  • 2024
  • Taxes
  • $ 5430
  • Style
  • Traditional
  • MLS#
  • 10221089
Listed By: Crye-Leike, Inc., REALTORS
Data Source: Memphis MLS (MAAR)

Features

General

Heating Electric Heat Pump
Cooling 220 Wiring,Ceiling Fan(s),Central
Roof Composition Shingles
Status Active
Full Baths 2
Half Baths 1
Other Rooms Laundry Room,Entry Hall,Loft/Balcony,Attic
Legal Subdivision Name BYHALIA COMMONS PD PHASE 3B AND 3C
Style Traditional
Stories Count 1.5
County Shelby
Class Residential
Type Attached Single Family
Condo No
Area 875B
Parcel Number C0244D D00002
Annual Association Fee 4100
Status Active
Annual City Tax 2041
Annual County Tax 3389
Sale/Rent For Sale
Flood Insurance Required No
Neighborhood Amenities Pool
Area Collierville - Southwest
Service Type Full Service Listing
Neighborhood Association Mandatory
Year Built 2024
Directions South on Byhalia Road from 385. West (Right) on Collierville Road. The Towne will be 1/2 mile on your right. Turn right on Armel. 507 will be on your left.
City Collierville
DOM 139

Interior Features

Dining Room 16x9
Living Room Great Room,Breakfast Bar,Pantry,Island In Kitchen
Bedroom 3 Dimensions 12x3
Bedroom 2 Dimensions 14x12
Beds 3
Total Baths 2.1
Number of Rooms 6
Downstairs Bedrooms 1
MISC. INTERIOR All Window Treatments,Walk-In Closet(s),Pull Down Attic Stairs,Fire Sprinklers,Cat/Dog Free House,Security System,Smoke Detector(s),Monitored Alarm
FLOORS/CEILINGS Part Hardwood,Part Carpet,Tile,Smooth Ceiling,9 or more Ft. Ceiling
INTERIOR EQUIPMENT Range/Oven,Self Cleaning Oven,Dishwasher,Microwave,Refrigerator
BEDROOM 3 DESCRIPTION Level 2,Walk-In Closet,Shared Bath,Smooth Ceiling,Carpet
BEDROOM 2 DESCRIPTION Level 2,Walk-In Closet,Shared Bath,Smooth Ceiling,Carpet

Exterior Features

Foundation Slab
Pool Neighborhood
Lot 45
Lot Size Area 0.09
Water & Sewer Public Water,Public Sewer
Lot Size 30 X 131.5
Parking Display G2A
Lot Description Level,Professionally Landscaped
# Covered Parking Spaces 2
PARKING/STORAGE Garage Door Opener(s),Back-Load Garage
EXTERIOR/WINDOWS Brick Veneer,Wood/Composition,Double Pane Window(s)
Misc. Exterior Auto Lawn Sprinkler,Patio,Covered Patio,Pool House,Nbrhd Recreation Facility,Well Landscaped Grounds,Sidewalks

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Memphis, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/8/2026 Listed $471,500
7/9/2026 10% - $425,000

Property vs Zip Code Average in 38017

Price
AVG $670K
$430K
Taxes
AVG $5,605
$5,430
Year Built
AVG 2006
2024
Visits
AVG 89
143
Data Provided by Inside Real Estate®

507 Armel Dr Collierville, TN is a Single Family Home for sale at $425000 with 2224 sqft and a lot size of 0.09 Acres Acre(s). 507 Armel Dr Collierville has 3 bedrooms, 2 baths and was built in 2024. The property's zip code is 38017 which is in Collierville, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.