by Lee Lin
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Collierville 38017
497 CANTER GAIT LN
Photo of 497 CANTER GAIT LN
Sold on Sep 30, 2026

27

Map

Photo of 497 CANTER GAIT LN
Photo of 497 CANTER GAIT LN
$380,000
● House - Off Market

497 CANTER GAIT LN

Collierville, TN 38017
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,839 Ft²
$2,224
Est. Monthly

About This Property

Don't miss out on a chance to buy this home in a lovely Collierville neighborhood at a greatly reduced price! Homes needs lots of cosmetic TLC....primary plus 2nd bedroom down, 2 bedrooms plus bonus up! Good sized kitchen needs new appliances, some updating, primary shower needs some work from potential leak, but all in all, this house has really good bones, a super lot, 3 car garage, open floor plan and is close to schools, shopping, parks, and expressway access!  There are many ceiling stains from before furnaces were replaced and from one bathroom, but they have been repaired, just not cosmetically. Roof installed about 10 yrs ago, all HVAC systems less than 10 years, both water heaters replaced around 2019, new microwave. Fridge can stay if needed and is fairly new.
Unit Size
2,839 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$129
Property Type
House
Property Taxes
$432
HOA Dues
-
Year Built
2001

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 30 days ago (Realtracs #RTC3603810)

Price History

Date / Event Date Event Price
Sep 30, 2026 Sold
Premium
Sold
Jul 31, 2026 Listed by Crye-Leike Realtors $364,900
Listed by Crye-Leike Realtors

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 693
  • Parking Space Count: 2
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,773
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,931
  • Gross Building Area: 3,931
  • Building Area: 3,238
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,238
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOLF RIVER RANCH PD PHASE 1
  • Land Acres: 0000000270
  • Standard Land Use Code: 1009
  • County Land Use Code: 052
  • Legal Description 1: SS CANTER GAIT LN SEE MAP D2-33GD

Neighborhood

  • School District Name: Collierville School District
  • Census Tract: 021541

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MB 200-021
  • District: C
  • Parcel: C0-233G-D0-0056
  • Lot: 56
  • Municipality: COLLIERVILLE
  • Latitude: 35.0774
  • Longitude: -89.6783

    Address

  • Full Address: 497 Canter Gait Ln
  • Address - House Number: 497
  • Address - Street Name: Canter Gait
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Collierville
  • Carrier Code: C012
  • 4-Digit Zip Code: 2388
  • Zip Code: 38017

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $471,615

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 476,539
  • High Value: 595,071
  • Low Value: 358,008

    Market Valuation

  • Market Total Value: $360,700
  • Market Land Value: $59,400
  • Market Improvement Value: $301,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $90,175
  • Assessed Land Value: $14,850
  • Assessed Improvements Value: $75,325

    Sales

  • Current Sale Contract Date: Feb 28, 2012
  • Current Sale Recording Date: Mar 09, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12026539
  • Previous Sale Recording Date: May 06, 2004
  • Previous Sale Contract Date: Apr 28, 2004
  • Previous Sale Amount: $258,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Collierville

Stats & Trends

Median Asking:

$569,900

Sale Price/ft²

$168

Below Asking

0.02%

Average Days on Market

81

Average Home Size

3044 ft²

Average Home Age

14.4 years

Currently For Sale

8 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Realtracs

Listed by: Mary Jeffrey, Crye-Leike Realtors
Last Updated: 30 days ago
Data Source: Realtracs, MLS# RTC3603810
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 497 Canter Gait Lane built and last sold?
The property at 497 Canter Gait Lane was built in 2001 and last sold on Feb 28, 2012 for $267,000.
How much is this home worth?
The estimated value of the home located at 497 Canter Gait Lane is $377,587.
What are some comparable homes to 497 Canter Gait Lane?
There are currently no comparable homes to 497 Canter Gait Lane.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Shelby Homes for Sale
Shelby Houses for Sale
Shelby Condos for Sale
Shelby Townhouses for Sale
Shelby Multifamily for Sale
Shelby Land for Sale
Shelby Commercial for Sale
Shelby Homes with Basements
Nearby Cities
Memphis Homes for Sale
Collierville Homes for Sale
Southaven Homes for Sale
Bartlett Homes for Sale
Olive Branch Homes for Sale
Germantown Homes for Sale
Hernando Homes for Sale
Oakland Homes for Sale
Nearby Property Records
Shelby County, TN Property Records
DeSoto County, MS Property Records
Fayette County, TN Property Records
Tipton County, TN Property Records
Crittenden County, AR Property Records
Marshall County, MS Property Records
Tate County, MS Property Records
Lauderdale County, TN Property Records
Neighborhoods
Alliance of Cordova Neighborhoods Real Estate
Gray's Creek Real Estate
Colonial Acres Real Estate
Springhill Community Civic Club Real Estate
Sea Isle Park Real Estate
Binghampton-Lester Real Estate
Countrywood Real Estate
Concerned Citizens of Walnut Grove Real Estate
Nearby Counties
DeSoto Homes for Sale
Tipton Homes for Sale
Fayette Homes for Sale
Crittenden Homes for Sale
Mississippi Homes for Sale
Marshall Homes for Sale
Poinsett Homes for Sale
Tate Homes for Sale
Top Real Estate Agents
Top Agents in Shelby
Top Agents in Memphis
Top Agents in DeSoto
Top Agents in 38654
Top Agents in 38017
Top Agents in Collierville
Top Agents in Southaven
Top Agents in Tipton