$550,000
OPEN SAT 1PM - 2:15PM

506 Peterson Lake Rd Collierville, TN 38017

Collierville Area

Estimated payment $3,195/month

Total Views 8,802
3 Beds
3 Baths
3,411 Sq Ft
$161 Price per Sq Ft

Highlights

  • Updated Kitchen
  • 1.17 Acre Lot
  • Wood Flooring
  • Collierville Elementary School Rated A-
  • Traditional Architecture
  • Attic

About This Home

Move-in ready, totally updated single-level home offers three bedrooms and three full bathrooms, 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 ample space 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.

Listing Agent

Jennifer Williams

Hobson, REALTORS License #337889 Listed on: 08/24/2026

Open House Schedule

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

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

1.17 Acres

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: COLLIERVILLE HEIGHTS
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 3411
  • Year Built: 1960
  • 55Community: N
  • Special Features: OpenHouse
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath, 2 or More Baths, Laundry Room, Sun Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Double Vanity Bath, Full Bath Down
  • Bedroom 2 Description: Level 1, Private Full Bath
  • Bedroom 3 Description: Level 1, Shared Bath
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Fireplace: Masonry, Decorative Only
  • Floors/Ceilings: Hardwood Throughout, Tile
  • Full Bathrooms: 3
  • Equipment: Range/Oven, Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Updated/Renovated Kitchen, Eat-In Kitchen, Breakfast Bar, Island In Kitchen, Washer/Dryer Connections
  • Misc Interior: Walk-In Closet(s), Permanent Attic Stairs, Walk-In Attic, Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Attic
  • Primary Bathroom Description: Double Sinks
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Hardwood Floor

Exterior Features

  • Exterior Windows: Brick Veneer
  • Foundation: Conventional
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 2
  • Parking Display: C2A
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees, Level
  • Lot Number: 2
  • Acreage: 1.17
  • Lot Size: 144X352
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: C0244P E00002

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,093 $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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2026 08/24/26 For Sale $550,000 +4.8% $161 / 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 -- --
Source: Memphis Area Association of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $525,000 Titan Title Company
Warranty Deed $452,500 None Listed On Document
Quit Claim Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $472,500 New Conventional
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10229009

Memphis Area Association of REALTORS®

APN: C0-244P-E0-0002

Tennessee Shelby County Collierville 38017

506 Peterson Lake Rd, Collierville, TN

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Jennifer Williams
Listing Agent
Jennifer Williams
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Hobson, REALTORS
(901) 660-3375
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