This property has added value, as the large lot offers potential for subdivision and the creation of up to an additional 2 home sites. Nestled on over an acre, this fantastic 3-bedroom, 2-bath home has so many added touches and is just minutes from the Collierville Town Square, shopping, restaurants, town park, and pickleball courts PLUS easy road access! The versatile floor plan offers a separate living room, cozy den, and an eating/dining area. Enjoy a split-bedroom layout with mostly hardwood floors and no carpet, plus a convenient mudroom/laundry area with washer/dryer hookups. Additional features include a 1-car garage, two patio areas for outdoor relaxation, and a brand-new 30-year roof!
Single-familyProperty Type
1950Year Built
1.15 acresLot Size
1 spaceParking
Listed by Michael Green• John Green & Co., REALTORS
Memphis Area Association of Realtors(R) MLS #10231065
Sep 24, 2026
Listed
$309,500
MMLS #10227141
Sep 25, 2026
Rental Removed
$2,200
Aug 18, 2026
Price Changed
$2,200
Jul 29, 2026
Listed for Rent
$2,300
Memphis Area Association of Realtors(R) MLS #1
Jun 5, 2026
Price Changed
$315,000
MMLS #10205359
Oct 7, 2025
Rental Removed
$2,300
Sep 10, 2025
Listed for Rent
$2,300
Public Records
Oct 13, 2016
Sold
$114,000
Year
Property tax
Land + Additions
Assessment*
2025
$2,353 (+2.1%)
$15,550 + $39,050
$54,600
2024
$2,305
$15,550 + $39,050
$54,600
2023
$2,305 (+2.3%)
$8,725 + $35,350
$44,075
2022
$2,252 (−1.2%)
$8,725 + $35,350
$44,075
2021
$2,279 (+33.2%)
$8,725 + $35,350
$44,075
2020
$1,711 (+45.2%)
$8,725 + $35,350
$44,075
2019
$1,179
$8,725 + $20,375
$29,100
2018
$1,179 (−1.5%)
$8,725 + $20,375
$29,100
2017
$1,196 (+9.1%)
$8,725 + $20,375
$29,100
2016
$1,096
$8,725 + $20,375
$29,100
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
1
Lot width
261 ft.
Lot depth
200 ft.
Lot size
1.16 Acres
Year renovated
—
Finished Sq. Ft.
1,545
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,545
Year built
1950
Style
Single Family Residential
County
Shelby County
APN
C0244 00627C
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 16, 2026.
R-3
High Density Residential District
These districts are designed to provide suitable areas for high density residential development where appropriate urban services and facilities are provided or where the extension of such services and facilities will be physically and economically feasible. Generally, these districts will be characterized by single family detached dwellings and duplexes.; These districts also include community facilities, public utilities and open uses which serve the residents of these districts.
Permitted uses
Include but are not limited to:
Housing-Single unit
Educational/school
Fire house
Police station
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
16% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Collierville, TN • 38017
Average low and high temperatures (°F)
47
29
57
37
72
50
78
57
79
62
88
70
92
75
89
69
84
65
77
54
65
47
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Collierville. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 487 S Center St
$309,772
$272 over list price of $310K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $267K to $390K.