




240 Magnolia Dr, Raleigh, MS, 39153
About This Home
WELCOME HOME TO 240 MAGNOLIA DRIVE IN RALEIGH, MISSISSIPPI! The Smith County home is situated on a 1.42± acre lot and delivers the kind of space, updates, and everyday comfort that buyers look for in this part of the state. With 2,712± square feet, the home features three bedrooms, two full baths, one half bath, and an additional room that works well as an office, playroom, or extra living space. The closets are genuinely large, the kitchen and dining area are open and easy to use, and the living room centers around a fireplace that gives the home a warm, welcoming feel. Enjoy an oversized, practical laundry room, giving you the kind of storage and workspace that makes daily routines easier. The house has been fully remodeled from top to bottom. All plumbing, electrical, and insulation are new, along with new insulated windows and a new heating and cooling system. The updates give the peace of mind of a modern build while keeping the solid structure and layout that fit the area well. The home is zoned for the Smith County School District, which serves roughly 2,400 students across six schools and holds an overall B+ rating based on statewide performance measures and parent and student feedback. Families appreciate the district's steady academic performance, supportive teachers, and strong community involvement. Raleigh Elementary and Raleigh High School are both close to town, making daily routines and school activities convenient for anyone living in this area. The property is within an easy drive of Brandon, Laurel, Hattiesburg, and Magee. You get access to larger-city conveniences such as shopping, medical care, dining, and job opportunities, while still coming home to a quieter community with more space and privacy. The combination of a fully updated home, usable acreage, and a central location between multiple regional hubs makes this property a strong fit for buyers looking for comfort, practicality, and long‑term value
Getting Around
Schools
Construction
Materials
- Roof: Asphalt
- Construction materials: Brick Siding
Notable Dates
- Major remodel year: 2024
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Basement
- Area: 0
Bedrooms & Bathrooms
- Bathrooms: 6
- Full bathrooms: 3
- 1/2 bathrooms: 3
Features
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area above ground: 2,712
Heating
- Heating features: Has Heating (Unspecified Type)
Interior Area
- Total structure area: 2,712
Kitchen
- Features: Open
Property
Details
- Parcel number: 103M07000023
- Lease amount: 0
Features
- Stories: 1
Lot
- Lot size: 1.42 Acres
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
- Hail
- Lightning
- Strong Wind
- Tornado
- Cold Wave
- Hurricane
- Heat Wave
- Inland Flooding
- Ice Storm
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Smith County and Mississippi
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,157 | $13,884 |
| Home Insurance * | $347 | $4,164 |
| Property Taxes | $72 | $864 |
| Electricity | $252 | $3,026 |
| Total | $1,828 | $21,936 |
Income You'd Need if You Spent...
Mississippi FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-03 | Price change | $230,000 |
| 2026-02-12 | Listed for sale | $239,500 |
| 2026-01-27 | Listing removed | -- |
| 2025-10-29 | Listed for sale | $244,000 |
For Sale by Agent
