See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

522 Old Richton Rd, Petal, MS, 39465

3beds
2baths
1,850sqft
$195,000
$105price/sqft
$1,519/moest. monthly cost
$60,760/yrincome needed

About This Home

Opportunity is knocking—and it's loud. This 3-bedroom, 2-bath home with a versatile flex room sits on a sprawling 0.82-acre lot in the highly sought-after Petal School District, making it a prime target for investors, entrepreneurs, and visionaries alike. Whether you're searching for your next fix-and-flip, a cash-flowing rental, or the ideal location for a future office or boutique restaurant concept, this property delivers endless potential. Previously operating as a successful rental, the fundamentals are already in place—now it's ready for a refresh and a new chapter. Inside, you'll find original hardwood floors preserved beneath carpet, waiting to be revealed and restored to their former glory. Major improvements add confidence, including updated plumbing and HVAC, allowing you to focus your budget on design and value-add upgrades rather than costly systems. The home also offers generous storage throughout, a rare and valuable feature for both residential and commercial use. The property proudly retains its historic charm and character, offering a timeless foundation that blends beautifully with modern renovation possibilities. With generous room sizes and a flexible layout, the space adapts easily to residential, commercial, or mixed-use ideas. Outside, the nearly one-acre lot opens the door to expansion, parking, outdoor seating, or redevelopment—rare flexibility in such a desirable location. A detached shed provides additional storage or workspace, adding even more functionality to the property. With motivated sellers and TLC unlocking significant upside, this is the kind of opportunity investors watch for—but rarely find. Bring your vision, your plans, and your creativity. This is more than a house—it's a blank canvas with history, location, and potential all working in your favor.

Getting Around

29
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

8/10
9/10
Petal Middle SchoolGrades 7-80.5 mi
10/10
Petal High SchoolGrades 9-122.9 mi

Construction

Condition

  • Year built: 1930

Materials

  • Foundation: Slab/Raised
  • Roof: Composition
  • Construction materials: Brick Veneer

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence,Residential

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Cooling

  • Cooling features: Electric,Central Air

Features

  • Kitchen Island,Walk-In Closet(s),High Ceilings
  • Window features: Aluminum Frames,Wood Frames
  • Flooring: Wood,Carpet
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Attic: Pull Down Stairs

Interior Area

  • Total structure area: 1,850
  • Total interior livable area: 1,850 sqft

Property

Details

  • Parcel number: 3022P3601801
  • Zoning description: RES

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Front Porch
  • Exterior features: Storage

Lot

  • Lot size: 0.82 Acres
  • Features: See Remarks
  • Lot size dimensions: .82 AC

Parking

  • Parking features: None,Carport,Covered,Driveway,Paved
  • Has uncovered spaces: Yes
  • Carport: Yes

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
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Tornado
Hail
Hurricane
Heat Wave
Inland Flooding
Winter Weather

FEMA Declared Disasters in Forrest 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 $986$11,832
Home Insurance *$228$2,736
Property Taxes $113$1,356
Electricity $192$2,304
Total$1,519$18,228
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$52,080/yr
40% on housing$45,570/yr
45% on housing$40,506/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: 5.8%
5.8%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: 2.8%
2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$105This listing

vs Other Active Listings

Avg $/sqft

ZIP 39465$129
Forrest County$106

vs Homes Sold Last Month

Median $/sqft

ZIP 39465
Forrest County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-27Listed for sale$195,000
2026-04-18Contingent$195,000
2026-04-06Price change$195,000
2026-03-12Price change$204,000
2026-02-12Price change$209,000
2026-01-14Listed for sale$220,000

For Sale by Agent

AgentDawson Lowery
BrokerageEpique Realty

Similar Homes