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502 N Railroad Ave, Brookhaven, MS, 39601

4beds
3baths
3,884sqft
$149,000
$38price/sqft
$1,385/moest. monthly cost
$55,400/yrincome needed

About This Home

Step back in time with this grand historic colonial estate in the heart of Brookhaven. Built in 1865 and spanning approximately 3,884 square feet on 1.33 acres, this remarkable property is loaded with architectural charm and ready for a full-scale restoration. Featuring original hardwood floors, soaring ceilings, expansive living spaces, and timeless period details, this property presents a rare opportunity for investors, preservationists, or visionary buyers seeking a true legacy project. Public records indicate 4 bedrooms and 3 bathrooms, though buyers should verify all details independently. This stately home offers the kind of craftsmanship and grandeur rarely found today, including a dramatic front porch with massive columns, multiple fireplaces, oversized rooms, and historic character throughout. 4A heat pump is already in place, providing a functional starting point for renovations. While the property requires a complete renovation, size and historic appeal create substantial upside for an investor looking to restore, repurpose, or transform this landmark into a showpiece. Situated near downtown Brookhaven, this property combines location, scale, and unique historical significance. Whether your vision is a luxury residence, event venue, boutique inn, or signature restoration project, the possibilities here are exceptional. Highlights: Historic Colonial built in 1865 Approx. 3,884 SF 1.33-acre lot Hardwood floors Heat pump Massive columns & grand porch Multiple fireplaces Full renovation opportunity Rare large-scale historic investment property Bring your contractor and imagination—this is a one-of-a-kind restoration opportunity with extraordinary potential.

Getting Around

52
WalkingSomewhat Walkable
0
TransitVery Limited Transit
43
BikeSomewhat Bikeable

Schools

4/10
5/10
4/10
Brookhaven High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1865

Materials

  • Foundation: Conventional
  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: None

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Hardwood
  • Fireplace features: Other
  • Fireplace: Yes

Heating & Cooling

  • Heating features: See Remarks
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 3,884
  • Total interior livable area: 3,884 sqft

Property

Details

  • Parcel number: B87073016

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Balcony
  • On waterfront: Yes
  • Waterfront features: Beach Access

Lot

  • Lot size: 1.33 Acres

Parking

  • Total spaces: 1
  • Parking features: Attached

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

  • Tornado
    TornadoVery High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Tornado
Hail
Heat Wave
Lightning
Strong Wind
Hurricane
Inland Flooding
Ice Storm

FEMA Declared Disasters in Lincoln 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 $753$9,036
Home Insurance *$201$2,412
Property Taxes $70$840
Electricity $361$4,333
Total$1,385$16,620
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$47,485/yr
40% on housing$41,550/yr
45% on housing$36,933/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: 8.0%
8.0%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: 11.8%
11.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$38This listing

vs Other Active Listings

Avg $/sqft

ZIP 39601$100
Lincoln County$129

vs Homes Sold Last Month

Median $/sqft

ZIP 39601$109
Lincoln County$91

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
2026-05-01Listed for sale$149,000
2023-09-29Listing removed--
2023-08-11Listed for sale$195,000
2023-03-01Listing removed--
2022-02-18Listed for sale$379,000
2021-11-01Listing removed--
2020-01-16Listed for sale$600,000

For Sale by Agent

AgentDaniel Demers
BrokerageSell Your Home Services, LLC.

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