503 Peterson Lake Rd is a 1,016 square foot house on a 0.85 acre lot with 3 bedrooms and 1 bathroom. - it last sold on November 02, 2015 for $140,000. Based on Redfin's Collierville data, we estimate the home's value is $235,165.
Single-familyProperty Type
1950Year Built
0.85 acresLot Size
$231Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$235,165
$95K since sold in November 2015$1,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 36.4% lower than the average sale price ($370K) of 5 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-1
Low Density Residential District
These districts are designed to provide suitable areas for low density residential development characterized by an open appearance. The residential development will consist of single family detached dwellings and accessory structures. These districts also include community facilities, public utilities and open uses which serve specifically the residents of these districts. Further, it is the intent of this chapter that these districts be located so that the provision of appropriate urban services will be physically and economically feasible and so that provision is made for the orderly expansion and maintenance of urban residential development.
Permitted uses
Include but are not limited to:
Housing-Single unit
Educational/school
Fire house
Police station
Park & open space
Property details
Interior
Basement Information
Basement Type: Crawl-Space
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Heating Type: Central
Room Information
# of Rooms: 6
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Traditional
Exterior Wall: Brick Veneer
Roof Covering Type: Composition Shingle
Roof Shape Type: Composition Shingle
Property Information
Subdivision Name: CARGILL
Living Sq. Ft: 1,016
Ground Floor Sq. Ft: 1,016
Building Sq. Ft: 1,016
# of Stories: 1
Stories Type: 1
Legal Description: SEE MAP GRID 202 F WS PETERSON LAKE ROAD COR WHITE ROAD (NW)
Parking & Garage Information
Parking Type: Brick Garage
Garage/Parking Sq. Ft: 800
Garage / Carport Type: Brick
Lot Information
# of Buildings: 1
Land Sq. Ft: 37,150
Legal Lot Number: 4
Municipality Name: COLLIERVILLE
Acres: 0.8528
Depth Footage: 432
Zoning Code: AG
County Use Description: SINGLE FAMILY
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,016
Stories: 1.0
Lot Size: 0.85 acres
Style: Single Family Residential
Year Built: 1950
Year Renovated: —
County: Shelby County
APN: C0244 A00689
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Collierville Elementary School
Public PreK-5 • Assigned • 0.2mi
9/10
West Collierville Middle School
Public 6-8 • Assigned • 2.4mi
9/10
Collierville High School
Public 9-12 • Assigned • 2.5mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be 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
18% 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)
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29
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72
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84
65
77
54
65
47
54
39
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Sun exposure
In this area, properties receive around 10.4 hours in
June and 4.7 hours in December, placing it above the
U.S. average for solar exposure.
10.4 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$224,000 – $271,000
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