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206 Calhoun St, Water Valley, MS, 38965

2beds
1baths
1,334sqft
$218,000
$163price/sqft
$1,620/moest. monthly cost
$64,800/yrincome needed

About This Home

Location, location, LOCATION! If you want to be close to main events, you are here, and you will love this house! Homes being built today are becoming more and more compact with smaller square footage, miniature bedrooms with an extra bathroom crammed into a 1,200 square foot space! This home was built SOLID, like they used to build in the good old days! Almost every restaurant, shop or art gallery, major music festivals, fireworks displays, outdoor concerts/activities are within walking distance. Just a block and a half from Main Street, AND, a short 20 minute drive to the Ole Miss campus/Oxford!!! In the 8 years I have lived here, lots of TLC has been given to this cool, lovely home. The HVAC was replaced in August of last year, and it has a Reme-Halo air purifier in the attic return. The porch was screened in two years ago with metal art grid at the base and has porch swing hooks on the east side. The property is fenced on all sides with two privacy sections (one on the west side and a section in the rear of the property). (The small fence in the front does not convey.) This house has 10 foot ceilings and original 12 inch baseboards in most rooms which add to the character and charm of the home, almost impossible to find in newer construction. The original textured Tin siding has been preserved. The kitchen has hand-planed cherry countertops and backsplash. Kitchen, bathroom and laundry (2nd bedroom) all have waterproof tongue and groove flooring. The bathroom has surround bead board walls. The backyard has plenty of room for gardening and gathering /fun play space with privacy. Sunroom can be used as a dining room or additional bedroom with a bathroom. Lots of potential for a conversation to a duplex rental later on if you are looking through the eyes of an investor. Lean-to addition was added 3 years ago with plenty of space for two vehicles. It has automatic key fob gated access and a hidden door facing the street for convenient trash-to-street delivery. Rubber mulch was installed over the parking area for zero maintenance weed control. Foundation support completed just a couple of months ago with a transferable life time warranty from Stratta Jack foundation. A survey was conducted in 2020, available at the courthouse half a block away. The in-house water filtration system with in-home emergency shut off was installed in 2018 and so glad I did! Sewer to street line was replaced in 2018 and incudes 2 clean-out portals. Attic fan and 3 crawl space fans keep the foundation and attic of the house bone dry. Bathroom exhaust wth light was installed 2018. New electric hot water heater installed 2022. Range vent in kitchen and garbage disposal installed, 2018. Water lines converted to pecs lines in 2018. Gutters installed in 2023 Metal roof upgrade in 2018 Outdoor water line installed for garden hose and outdoor sink/shower access. 5 outdoor outlets installed for easy electric power access. Two main entrance access security doors, (main and parking entrance areas) installed in 2024 Anderson doors with storm doors installed in 2018 I love this house and so will you! ATTENTION: Items that will not convey: Whole house Generac back up generator Washer/dryer Stained glass art Gas heater units (New HVAC will run on electric, natural gas or propane). Sheds in back Small fence out front BY APPOINTMENT ONLY: call 662-832-2205 Must show prequalified bank paperwork before touring this home. Representation by your own realtor advised. If the offer is in the form of a cash payment, (preferred), must show evidence of financial backing Prior before tour. All closing costs shall be paid by the buyer. Water Valley is exploding in growth and location is key, so, do not miss out on this rare opportunity to be this close to all of the action in town, 1 and 1/2 blocks from downtown Main Street. By appointment only. 662-832-2205 or olemissrbls@protonmail.com

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

5/10
7/10
Water Valley High SchoolGrades 7-120.8 mi

Construction

Condition

  • Year built: 1936

Materials

  • Foundation: Piers
  • Roof: Metal

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Freezer,Garbage disposal,Range / Oven,Refrigerator

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Softwood,Hardwood
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced air,Electric,Gas
  • Cooling features: Central

Interior Area

  • Total interior livable area: 1,334 sqft

Property

Details

  • Parcel number: 0503G040017900

Features

  • Exterior features: Other,Wood,Metal
  • Has view: Yes
  • View description: Park,City

Lot

  • Lot size: 0.33 Acres

Parking

  • Total spaces: 2
  • Parking features: Carport,Off-street,Garage

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Lightning
Cold Wave
Heat Wave
Strong Wind
Tornado
Earthquake
Hail
Inland Flooding

FEMA Declared Disasters in Yalobusha County and Mississippi

Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,102$13,224
Home Insurance *$241$2,892
Property Taxes $85$1,020
Electricity $192$2,304
Total$1,620$19,440
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$55,542/yr
40% on housing$48,600/yr
45% on housing$43,200/yr

Mississippi FAIR Plan Programs

Mississippi Windstorm Underwriting Association

Covered
HailHail
WindWind
Visit Website →

Mississippi Residential Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,237Commercial: -4
Total Premiums$1.77M
Total Exposure$137.66M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: -1.9%
-1.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$163This listing

vs Other Active Listings

Avg $/sqft

ZIP 38965$118
Yalobusha County$104

vs Homes Sold Last Month

Median $/sqft

ZIP 38965
Yalobusha County$88

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-18Listed for sale$218,000
2025-04-29Listing removed$1,650
2025-04-17Listed for rent$1,650
2018-05-08Sold--

For Sale by Owner

AgentProperty Owner

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