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373 S Smith Mill Rd, Caledonia, MS, 39740

4beds
4baths
3,232sqft
$315,000
$97price/sqft
$2,580/moest. monthly cost
$103,200/yrincome needed

About This Home

Attention investors, renovators, and value-seekers--The Lowndes 4 is your next opportunity. Located in the desirable Caledonia School District, this 4± acre property features a 3,232± sq ft home ready for renovation, offering four bedrooms, two bathrooms, and a layout ideal for a full transformation. The detached four-stall garage with a 1BR/1BA apartment adds immediate income potential, while the RV-sized pole barn provides additional utility and storage options. Offered as is with seller financing available, this property is primed for someone looking to build equity, flip, or create a multi-use homestead. Acreage, location, and versatility--this one checks all the boxes.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
11
BikeSomewhat Bikeable

Schools

9/10
7/10
Caledonia Middle SchoolGrades 6-83.9 mi
9/10
Caledonia High SchoolGrades 9-124.0 mi

Construction

Condition

  • Year built: 1989

Materials

  • Foundation: Slab
  • Roof: Metal
  • Construction materials: Wood Siding,Stone

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch,Traditional
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Cooking Unit Details

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Flooring: Tile,Carpet
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,232
  • Total interior livable area: 3,232 sqft

Property

Details

  • Parcel number: 21w000000201

Features

  • Pool features: In Ground
  • Patio & porch: Covered,Front Porch,Patio
  • Fencing: Back Yard,Front Yard,Full
  • Waterfront features: None

Lot

  • Lot size: 4.20 Acres
  • Lot size dimensions: 4.2 acres

Parking

  • Parking features: Garage
  • Has garage: 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

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Lightning
Strong Wind
Tornado
Drought
Hail
Inland Flooding
Ice Storm

FEMA Declared Disasters in Lowndes 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 $1,592$19,104
Home Insurance *$547$6,564
Property Taxes $141$1,692
Electricity $300$3,606
Total$2,580$30,960
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$88,457/yr
40% on housing$77,400/yr
45% on housing$68,800/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: 5.9%
5.9%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: -4.5%
-4.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$97This listing

vs Other Active Listings

Avg $/sqft

ZIP 39740$142
Lowndes County$123

vs Homes Sold Last Month

Median $/sqft

ZIP 39740$88
Lowndes County$145

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)

Price History

DateEventPrice
2026-04-27Listed for sale$315,000

For Sale by Agent

AgentJACOB BRYAN
BrokerageSWAPA LAND, LLC

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