323 Old Highway 45, Shannon, MS, 38868
About This Home
Great investment opportunity! This 2/1 home is currently tenant occupied and already generating income. The property includes 5 acres, with a portion of the trees cleared last year, providing an excellent opportunity for building or future development! Sellers are related to the listing agent.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Finished area below ground: 0
- Finished area above ground: 720
Interior Area
- Total structure area: 720
- Total interior livable area: 720 sqft
Property
Details
- Parcel number: 145U210900100
- Zoning description: Residential
Features
- Stories: 1
Lot
- Lot size: 5 Acres
- Lot size dimensions: 5
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
- Cold Wave
- Lightning
- Tornado
- Drought
- Earthquake
- Heat Wave
- Ice Storm
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Lee 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 | $404 | $4,848 |
| Home Insurance * | $65 | $780 |
| Property Taxes | $46 | $552 |
| Electricity | $192 | $2,304 |
| Total | $707 | $8,484 |
Income You'd Need if You Spent...
Mississippi FAIR Plan Programs
Mississippi Residential Property Insurance Underwriting Association
Wildfire
HailWindHow 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 |
|---|---|---|
| 2026-05-12 | Price change | $110,000 |
| 2026-03-23 | Price change | $120,000 |
| 2026-02-24 | Price change | $129,900 |
| 2026-01-22 | Price change | $150,000 |
| 2026-01-05 | Price change | $189,900 |
| 2025-12-11 | Listed for sale | $199,900 |
For Sale by Agent
View on Zillow