NOT LISTED FOR SALE

487 Canal Loop Turn Dr Collierville, TN 38017

Estimated Value: $445,021 - $474,000

4 Beds
3 Baths
2,600-2,799 Sq Ft
$163/Sq Ft Est. Value

Last Sold February 27, 2025

Last sale price $458,000 $164 Per Sq Ft

Current estimated payment $2,647/month

12 Days on Market

Highlights

  • Vaulted Ceiling
  • Traditional Architecture
  • Whirlpool Bathtub
  • Tara Oaks Elementary School Rated A
  • Main Floor Primary Bedroom
  • 5-minute walk to Steeplechase Park

About This Home

As of February 2025

Welcome to this inviting Collierville home located on a corner lot with exceptional curb appeal.A large front porch sets the stage for relaxation and welcomes you home. Step out back to a fenced backyard featuring an extended patio, providing plenty of space for outdoor entertaining or simply unwinding in privacy. Inside, you'll appreciate the open & functional layout, including a split bedroom plan for added privacy.The main level has laminate wood floors throughout, providing both style & durability. Upstairs, there's a full bath & two versatile rooms that can easily serve as a 4th & 5th bedroom, home office, or bonus space – the choice is yours! This home is conveniently located just minutes from Collierville’s charming town square, giving you easy access to shopping, dining & entertainment. Commuting is a breeze with quick access to Highway 385. Plus, it's currently zoned for the highly regarded Tara Oaks Elem! A perfect blend of space, comfort & convenience!

Last Agent to Sell the Property

Janet Mars

Keller Williams License #307942 Listed on: 01/24/2025

Keller Williams

Last Buyer's Agent

Shannan McWaters

The Firm License #320927

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1998

Lot Details

  • 0.33 Acre Lot
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,600-2,799 Sq Ft Home
  • 2,675 Sq Ft Home
  • 1.5-Story Property
  • Popcorn or blown ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Window Treatments
  • Entrance Foyer
  • Great Room
  • Breakfast Room
  • Dining Room
  • Den with Fireplace
  • Bonus Room
  • Laundry Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • Steeple Chase Pd Sec B Subdivision

Listing and Financial Details

  • Assessor Parcel Number C0245S E00044

Home Details

Home Type

Single Family

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: STEEPLECHASE SEC B
  • Number Of Stories: 1.5
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 2675
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room, Breakfast Room
  • Second Story Floor Plan: 4th or More Bedrooms, 1 Bath, Bonus Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Split Bedroom Plan, Double Vanity Bath, Separate Tub & Shower, Full Bath Down
  • Estimated Heated Sq Ft Range: 2600-2799
  • Bedroom 2 Description: Level 1, Walk-In Closet
  • Bedroom 3 Description: Level 1
  • Bedroom 4 Description: Level 2, Walk-In Closet
  • Bedrooms: 4
  • Bedrooms Down: 3
  • Fireplace: Ventless Gas Fireplace, In Den/Great Room, Gas Logs
  • Floors/Ceilings: Wood Laminate Floors, Tile, Sprayed Ceiling
  • Full Bathrooms: 3
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave
  • Living Dining Kitchen: Separate Dining Room, Great Room, Eat-In Kitchen, Separate Breakfast Room, Pantry
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Walk-In Attic, Rear Stairs to Playroom
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Bonus Room, Entry Hall, Attic
  • Primary Bathroom Description: Double Sinks, Whirlpool Tub, Separate Shower, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Vaulted/Coffered Ceiling

Exterior Features

  • Misc Exterior: Porch, Patio
  • Exterior Windows: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Garage Door Opener(s), Side-Load Garage

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Gas
  • Water Sewer: Electric Water Heater

Lot Info

  • Lot Description: Level, Corner, Landscaped, Wood Fenced
  • Lot Number: 100
  • Acreage: 0.33
  • Lot Size: 14166 SF 105 X 130
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: C0245S E00044

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2025
Closed on
Feb 27, 2025
Sold by
Merryman Mendy
Bought by
Francis Joseph M and Francis Jenna M
Seller's Agent
Janet Mars
Keller Williams
Buyer's Agent
Shannan McWaters
The Firm
List Price
$465,000
Sold Price
$458,000
Premium/Discount to List
-$7,000
-1.51%
Views
34
Current Estimated Value
$456,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,495
Avg. Annual Appreciation
-0.42%
Original Mortgage
$435,100
Outstanding Balance
$432,165
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$24,340

Purchase Details

Closed on
Sep 29, 2020
Sold by
Fields Betty T
Bought by
Merryman Mendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 1998
Sold by
Snyder Home Builders Llc
Bought by
Fields Betty T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.92%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Francis Joseph M $458,000 Tri State Title
Merryman Mendy $300,000 Tri Star Title Llc
Fields Betty T $202,000 --
Fields Betty T $202,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Francis Joseph M $435,100
Previous Owner Merryman Mendy $205,000
Previous Owner Fields Betty T $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2025 02/27/25 Sold $458,000 -1.5% $176 / Sq Ft
02/05/2025 02/05/25 Pending -- -- --
01/24/2025 01/24/25 For Sale $465,000 -- $179 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,977 $112,300 $14,075 $98,225
2024 $2,977 $87,825 $14,075 $73,750
2023 $4,593 $87,825 $14,075 $73,750
2022 $4,488 $87,825 $14,075 $73,750
2021 $3,030 $87,825 $14,075 $73,750
2020 $4,157 $70,700 $14,075 $56,625
2019 $2,863 $70,700 $14,075 $56,625
2018 $2,863 $70,700 $14,075 $56,625
2017 $4,058 $70,700 $14,075 $56,625
2016 $2,629 $60,150 $0 $0
2014 $2,629 $60,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10188727

Memphis Area Association of REALTORS®

APN: C0-245S-E0-0044