506 Peterson Lake Rd Collierville, TN 38017
3
Beds
3
Baths
3,400-3,599
Sq Ft
1.17
Acres
Highlights
- Updated Kitchen
- 1.17 Acre Lot
- Wood Flooring
- Collierville Elementary School Rated A-
- Traditional Architecture
- Sun or Florida Room
About This Home
As of May 2025Exceptional opportunity awaits in the heart of Collierville. This newly renovated, move-in ready single-story home comprises three bedrooms and three full baths, featuring an open concept layout ideal for large family gatherings. The property includes en-suites for both primary and guest rooms, hardwood floors throughout, premium stainless-steel appliances, quartz countertops, a spacious kitchen island, breakfast bar, all-weather sunroom, gathering room, dining room, and living room. The primary suite boasts a walk-in closet, double sink vanity, and walk-in shower, while the guest room en-suite offers a walk-in shower and quartz countertops. The hall bathroom is equipped with a tub/shower combination. Electrical and plumbing systems have been updated, and the roof is only five years old. Situated on a 1.18-acre landscaped corner lot, the yard is perfect for entertaining. The property is conveniently located minutes from Collierville Elementary School and Town Square Park.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,553
Year Built
- Built in 1959
Lot Details
- 1.17 Acre Lot
- Lot Dimensions are 144x352
- Landscaped
- Corner Lot
- Level Lot
- Few Trees
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Shingle Roof
Interior Spaces
- 3,400-3,599 Sq Ft Home
- 3,497 Sq Ft Home
- 1-Story Property
- Smooth Ceilings
- Ceiling Fan
- Fireplace Features Masonry
- Double Pane Windows
- Great Room
- Living Room with Fireplace
- Breakfast Room
- Dining Room
- Den
- Sun or Florida Room
- Screened Porch
- Keeping Room
- Permanent Attic Stairs
- Fire and Smoke Detector
Kitchen
- Updated Kitchen
- Breakfast Bar
- Self-Cleaning Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- Remodeled Bathroom
- 3 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower
Laundry
- Laundry Room
- Washer and Dryer Hookup
Parking
- 2 Parking Spaces
- Driveway
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- 220 Volts
- Electric Water Heater
Community Details
- Collierville Heights Re S/D Subdivision
Listing and Financial Details
- Assessor Parcel Number C0244P E00002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2025
Closed on
May 20, 2025
Sold by
Jklm Properties Llc
Bought by
Manos Richard and Mount Haley
Seller's Agent
Bruce Johnson
mlsAssist
Buyer's Agent
Wendy Fortner
eXp Realty
List Price
$599,000
Sold Price
$525,000
Premium/Discount to List
-$74,000
-12.35%
Views
31
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,357
Avg. Annual Appreciation
7.50%
Original Mortgage
$472,500
Outstanding Balance
$471,686
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$63,671
Purchase Details
Closed on
Mar 19, 1999
Sold by
Russell James
Bought by
Russell Clarene P
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $525,000 | Titan Title Company | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $472,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | Sold | $525,000 | -12.4% | $154 / Sq Ft |
| 05/09/2025 05/09/25 | Pending | -- | -- | -- |
| 04/15/2025 04/15/25 | For Sale | $599,000 | +32.4% | $176 / Sq Ft |
| 06/26/2023 06/26/23 | Sold | $452,500 | -9.5% | $133 / Sq Ft |
| 06/13/2023 06/13/23 | Pending | -- | -- | -- |
| 05/29/2023 05/29/23 | Price Changed | $500,000 | -9.1% | $147 / Sq Ft |
| 03/26/2023 03/26/23 | Price Changed | $550,000 | -6.8% | $162 / Sq Ft |
| 10/20/2022 10/20/22 | Price Changed | $590,000 | -1.7% | $174 / Sq Ft |
| 09/28/2022 09/28/22 | For Sale | $600,000 | +32.6% | $176 / Sq Ft |
| 09/22/2022 09/22/22 | Off Market | $452,500 | -- | -- |
Source: Memphis Area Association of REALTORS®
Tax History Compared to Growth
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 | $3,553 | $129,225 | $28,500 | $100,725 |
| 2024 | $3,553 | $104,800 | $16,650 | $88,150 |
| 2023 | $5,481 | $104,800 | $16,650 | $88,150 |
| 2022 | $5,355 | $104,800 | $16,650 | $88,150 |
| 2021 | $5,418 | $104,800 | $16,650 | $88,150 |
| 2020 | $4,667 | $79,375 | $16,650 | $62,725 |
| 2019 | $3,215 | $79,375 | $16,650 | $62,725 |
| 2018 | $3,215 | $79,375 | $16,650 | $62,725 |
| 2017 | $3,262 | $79,375 | $16,650 | $62,725 |
| 2016 | $2,625 | $60,075 | $0 | $0 |
| 2014 | $2,625 | $60,075 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Bruce Johnson
B
Seller's Agent in 2025
Bruce Johnson
mlsAssist
(901) 266-6000
14 in this area
190 Total Sales
-
Wendy Fortner
Buyer's Agent in 2025
Wendy Fortner
eXp Realty
(901) 299-9901
5 in this area
58 Total Sales
-
Aven Russell
A
Seller's Agent in 2023
Aven Russell
John Green & Co., REALTORS
(901) 603-1128
3 in this area
6 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10194296
APN: C0-244P-E0-0002
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