506 Peterson Lake Rd Collierville, TN 38017
Estimated payment $3,472/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 |
|---|---|---|---|---|---|
| 04/15/2026 04/15/26 | Price Changed | $595,000 | -8.3% | $174 / Sq Ft | |
| 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing content and images Copyright 2026 Memphis Area Association of REALTORS®. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.
Some or all of the listings displayed may not belong to the firm whose website is being visited.
- 466 Mockingbird Ln
- 259 W White Rd
- 599 Forestdale Dr
- 396 N Main St
- 281 Briarbrook Cove
- 731 Magnolia Garden Cove
- 255 Andrew Way Rd
- 358 Wolf Trap Rd
- 641 Hermitage Trail Dr
- 115 W Powell Rd
- 230 W Powell Rd
- 110 W Poplar Ave
- 676 Hermitage Trail Dr
- 232 W Poplar Ave
- 306 W Poplar Ave
- 450 Homeville Rd
- 544 King Oaks Cove
- 279 W Poplar Ave
- 608 King Ridge Cove
- 275 Ellawood Ln
- 109 W Pecan Valley St
- 122 York Haven Dr
- 290 Rose Trellis Rd
- 250 Maynard Way
- 416 Cardinal Dr
- 292 E Valleywood Dr
- 426 Cardinal Dr
- 275 Home Place
- 495 Greenview Cove
- 514 Fletcher Rd
- 1062 Fredericksburg Cove
- 214 E South St
- 610 Grand Steeple Cove
- 288 S Center St
- 641 Fletcher Rd
- 325 S Center St
- 160 Cottonwood Dr
- 151 Clifton Place
- 1188 Clear Creek Rd
- 719 Gable Ln
Ask me questions while you tour the home.