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507 3rd St S, Amory, MS, 38821

4beds
3baths
3,095.5sqft
$424,500
$137price/sqft
$3,125/moest. monthly cost
$125,000/yrincome needed

About This Home

This distinguished two-story red brick residence, originally constructed in 1933, is a stunning example of Southern Colonial elegance blended with classic Greek Revival design. Framed by impressive white columns across the stately front facade, the home stands as a timeless showcase of architectural grace and historic Southern charm. Inside, the residence offers four generously sized bedrooms and three well-appointed bathrooms, providing both comfort and refinement. The thoughtfully designed floor plan includes a formal living room perfect for entertaining, an elegant dining room for memorable gatherings, a breakfast nook for informal dining, a private study ideal for work or reading, and a light-filled sunroom that invites peaceful mornings and relaxing afternoons. Agent owner. The kitchen has been tastefully updated to provide modern convenience while preserving the character of the home. Select electrical and plumbing improvements have also been completed, along with a recently installed new roof, offering peace of mind while maintaining the property's historic integrity. Rich with character, this remarkable home combines original craftsmanship, classic architectural details, and carefully considered updates. It presents a rare opportunity to own a piece of history enhanced with the comforts expected for modern living. Currently zoned for commercial use and presently operating as professional office space, this versatile property offers exceptional investment potential. The home may also be rezoned for residential use, opening the door to a variety of possibilities such as a private residence, boutique bed and breakfast, event venue, or mixed-use space. Its classic design and spacious rooms make it especially well-suited for weddings, gatherings, or hospitality ventures. Furniture and furnishings may be purchased. If you are interested in viewing this property, please be prepared to present a pre-approval letter from your lender. All information deemed correct but subject to

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
51
BikeBikeable

Schools

8/10
West Amory SchoolGrades PK-21.1 mi
5/10
Amory Middle SchoolGrades 6-80.5 mi
8/10
Amory High SchoolGrades 9-121.4 mi

Construction

Type & Style

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

Interior

Appliances

  • Appliances included: Range,Refrigerator,Gas Water Heater

Bedrooms & Bathrooms

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

Features

  • Ceiling Fans
  • Window features: Window Treatments
  • Fireplace features: Gas Log
  • Finished area below ground: 0
  • Finished area above ground: 3,095

Heating

  • Heating features: Central Gas

Interior Area

  • Total structure area: 3,095
  • Total interior livable area: 3,095 sqft

Property

Details

  • Parcel number: 359J3602800200
  • Zoning description: Commercial

Features

  • Stories: 1
  • Patio & porch: Patio

Lot

  • Lot size: 0.50 Acres
  • Lot size dimensions: 150 x 140

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 WaveVery High
  • Lightning
    LightningVery High
  • Tornado
    TornadoVery High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters in Monroe 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 $2,146$25,752
Home Insurance *$523$6,276
Property Taxes $169$2,028
Electricity $287$3,453
Total$3,125$37,500
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$107,142/yr
40% on housing$93,750/yr
45% on housing$83,333/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: -4.8%
-4.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$137This listing

vs Other Active Listings

Avg $/sqft

ZIP 38821$107
Monroe County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 38821
Monroe County$109

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
2026-04-20Listed for sale$434,900

For Sale by Agent

AgentTracy Randle
BrokerageFrisco Realty, LLC

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