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For sale
$550,000
Est. $3,570/mo
3
bd
3 ba
View
sq ft

506 Peterson Lake Rd, Collierville, TN 38017

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About this home

Single-familyProperty Type
1960Year Built
1.17 acresLot Size
2 spacesParking
Listed by Jennifer Williams Hobson, REALTORS
Listing updated:
Redfin checked: a few seconds ago
Source:Memphis Area Association of Realtors(R) MLS #10229009
6 days on Redfin114 views5 favorites

Payment calculator

$3,570 per month

Principal and interest$2,890
Property taxes
HOA dues
Home insurance
Utilities
Down payment
20% ($110,000)
Home price
$550,000
Loan details
30-yr fixed, 6.88%
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Around this home

Schools

Collierville Elementary School

Public PreK-5 • Assigned • 0.2mi

9/10
Collierville Middle School

Public 6-8 • Assigned • 1.7mi

8/10
Collierville High School

Public 9-12 • Assigned • 2.5mi

9/10
Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

506 Peterson Lake Rd · $550,000
$550K and above
75% chance or better to win
Why $550K+ is a strong offer
DAYS ON MARKET
7 days
The average home goes pending in 35 days.
SALE-TO-LIST
96.7%
Most homes are selling 3% below list price.
About offer insights

Property details

Kitchen

Kitchen

Bathroom

Bathroom

Bedroom

Bedroom

Living

Living

Dining

Dining

  • Interior features
  • One masonry decorative fireplace
  • Permanent attic stairs with walk-in attic
  • Vent hood/exhaust fan
  • Updated/renovated kitchen
  • Separate living room, separate dining room and separate den
  • Sun room
  • Washer/dryer connections
  • Bedrooms
  • Three bedrooms, all on the main level
  • Primary bedroom on main level with walk-in closet and full bath
  • Second bedroom on main level with private full bath
  • Third bedroom on main level with shared bathroom
  • Bathrooms
  • Three full bathrooms
  • Primary bath with double sinks
  • Renovated bathroom(s)
  • Double vanity in at least one bathroom
  • Full bathroom on main level
  • Kitchen
  • Gas cooking range/oven
  • Disposal
  • Dishwasher
  • Microwave
  • Refrigerator
  • Eat-in kitchen with breakfast bar and island
  • Laundry & utility
  • Laundry room
  • Washer/dryer connections
  • Flooring
  • Hardwood throughout
  • Tile
  • Heating & cooling
  • Central heating
  • Central cooling

Sale and tax history for 506 Peterson Lake Rd

Public record

Beds
3
Baths
2
Stories
1
Lot width
144 ft.
Lot depth
352 ft.
Lot size
1.18 Acres
Year renovated
1992
Finished Sq. Ft.
3,456
Unfinished Sq. Ft.
Total Sq. Ft.
3,456
Year built
1959
Style
Single Family Residential
County
Shelby County
APN
C0244P E00002
Parking Spaces
Basement
Accessible
HOA Dues
Garage
Features
Last updated by owner on Jul 13, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

6/10 Heat Factor

7 days above 109° expected this year, 21 days in 30 years

4/10 Wind Factor

17% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Collierville, TN • 38017
Average low and high temperatures (°F)
47
29
57
37
72
50
78
57
79
62
88
70
92
75
90
70
84
65
77
54
65
47
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

Sun exposure

91/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.8 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap

Redfin Estimate for 506 Peterson Lake Rd

$543,657
$6,343 under list price of $550K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $435K to $630K.

More resources

Rental earnings

Est. $2,996 per month, based on comparable rentals

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Details provided by Memphis Area Association of Realtors(R) MLS and may not match the public record. Learn more.
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GreatSchools Ratings provided by GreatSchools.org.