506 Peterson Lake Rd Collierville, TN 38017
Estimated payment $3,629/month
Highlights
- Updated Kitchen
- 1.17 Acre Lot
- Wood Flooring
- Collierville Elementary School Rated A-
- Traditional Architecture
- Attic
About This Home
This beautifully updated, move-in-ready single-level home offers three bedrooms and three full bathrooms, designed with an open layout that’s perfect for hosting family and friends. Both the primary suite and the guest suite feature private en-suite baths, and the home is finished with hardwood flooring throughout, premium stainless-steel appliances, quartz countertops, a generous kitchen island, and a breakfast bar. Multiple living spaces—including a dining room, living room, gathering room, and an all-weather sunroom—provide plenty of room to relax or entertain. The primary suite includes a walk-in closet, double-sink vanity, and a spacious walk-in shower. The guest suite also features a walk-in shower and quartz surfaces, while the hall bath offers a tub/shower combination. Set on a landscaped 1.18-acre corner lot, the outdoor space is ideal for gatherings and recreation.
Home Details
Home Type
- Single Family
Year Built
- Built in 1960
Lot Details
- 1.17 Acre Lot
- Lot Dimensions are 144x352
- Level Lot
- Few Trees
Home Design
- Traditional Architecture
- Brick Veneer
- Composition Shingle Roof
- Pier And Beam
Interior Spaces
- 3,411 Sq Ft Home
- 1-Story Property
- Decorative Fireplace
- Fireplace Features Masonry
- Separate Formal Living Room
- Dining Room
- Den
- Sun or Florida Room
- Permanent Attic Stairs
Kitchen
- Updated Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Oven or Range
- 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
Laundry
- Laundry Room
- Washer and Dryer Hookup
Parking
- 2 Parking Spaces
- Driveway
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
Community Details
- Collierville Heights Re S/D Subdivision
Listing and Financial Details
- Assessor Parcel Number C0244P E00002
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/28/2026 02/28/26 | For Sale | $649,000 | +23.6% | $190 / Sq Ft | |
| 05/23/2025 05/23/25 | Sold | $525,000 | -12.4% | $154 / Sq Ft | View Prior Sale |
| 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 | View Prior Sale |
| 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 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $525,000 | Titan Title Company | |
| Warranty Deed | $452,500 | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $472,500 | New Conventional |
Source: Memphis Area Association of REALTORS®
MLS Number: 10215638
APN: C0-244P-E0-0002
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