506 Peterson Lake Rd
Collierville, TN 38017
- 3 beds
- 3 baths
- – sqft
- 1 sqft lot
- 1959 build
- – on site
Exceptional 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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Apr 15, 2025
•
MLS# 10194296 —
The Building
-
Construction Status:Existing Property
-
Style:Traditional
-
Type:Detached Single Family
-
Roof:Composition Shingles
-
Foundation:Slab
-
Exterior/Windows:Brick Veneer, Double Pane Windows
-
Detached Unit Type:General Residential
Interior
-
Miscellaneous Interior:Walk-In Closet, Permanent Attic Stairs, Smoke Detectors, Vent Hood/Exhaust Fan
-
Living/Dining/Kitchen:Separate Living Room, Separate Dining Room, Great Room, Updated/Renovated Kitchen, Breakfast Bar, Separate Breakfast Room, Pantry, Island in Kitchen, Washer/Dryer Connections, Keeping/Hearth Room
-
Fireplace:Masonry, In Living Room
-
Floors/Ceilings:Hardwood Throughout, Tile, Smooth Ceiling
-
Other Rooms:Laundry Room, Sun Room
-
Additional Bed/Bath Info:All Bedrooms Down, Primary Down, renovated bathroom, Double Vanity Bath, Full Bath Down
-
1st Story Floor Plan:Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room, Keeping/Hearth Room, Sun Room, Breakfast Room
Financial & Terms
-
New Financing:Conventional, FHA, VA
-
Flood Insurance:No
-
Warranty/Possible Addenda:Possession by Agreement
Location
-
Cross Street:Poplar Ave
-
Map Coordinate:E
The Property
-
Area:873E
-
Acres:1.17
-
Lot #:2
-
Lot Size:144 Sqft
-
Lot Description:Some Trees, Level, Corner, Landscaped
-
Miscellaneous Exterior:Screen Porch
-
Security:Smoke Detectors
Listing Agent
- Contact info:
- Agent phone:
- (901) 266-6000
- Office phone:
- (901) 266-6000
Beds
-
Second Bedroom:Level 1, Private Full Bath, Smooth Ceiling, Hardwood Floor
-
Third Bedroom:Level 1, Shared Bath, Smooth Ceiling, Hardwood Floor
-
Bedroom 3:Level 1, Walk-In Closet, Full Bath, Smooth Ceiling, Hardwood Floor
Baths
-
Bath Description:Double Sinks, Separate Shower, Smooth Ceiling, Tile Floor
Heating & Cooling
-
Heating:Central
-
Cooling:Central , Ceiling Fan, 220 Wiring
Utilities
-
Water and Sewer:Electric Water Heater, Public Water, Public Sewer
Appliances
-
Interior Equipment:Range/Oven, Self Cleaning Oven, Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator
The Community
-
Neighborhood Association:None
Parking
-
Garage:attached
-
Type:carport
-
Parking Display:C2A
-
Parking/Storage:Driveway/Pad
Monthly cost estimate

Asking price
$599,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,207
|
Taxes | $456 |
Insurance | $164 |
Utilities | N/A |
Total | $3,827/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/15/25
Apr 15, 2025
|
Listed / Active | MAARMLS | $599,000 | 32.4% (17.9% / YR) |
6/26/23
Jun 26, 2023
|
MAARMLS | $452,500 | ||
6/15/23
Jun 15, 2023
|
MAARMLS |