502 N Railroad Avenue, Brookhaven, MS 39601
Brookhaven · Lincoln County
Key Facts
Description
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1865
Stories
1
Living Area
3,884 sq ft
Lot Size
1.33 acres
Parking Spaces
1
Days on Market
14
MLS® Listing#
4147915
Property Features
Exterior
Appliances
Cooling
Heating
Flooring
Fireplace
Parking
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Schools
- Elementary:
- Brookhaven
- Middle:
- Brookhaven
- High:
- Brookhaven
- District:
- Brookhaven Dist
Financial Details
Annual Taxes
$5,407
Tax year 2024
Parcel Number
B87-07-3-016
Affordability Calculator
$29,800
Estimated monthly payment
$793/mo
Principal $119,200 · Est. interest $166,295 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Brookhaven, MS
- $234,615
- Median Listing Price
- 41
- Median Days on Market
- 2,052
- Median Sq Ft
- $117
- Median Price / Sq Ft
- 61
- Active Listings
- This home’s price is 36% below the area median.
- Its price per sq ft is 67% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Brookhaven, MS.
Location
Points of Interest in Brookhaven, MS
Showing the Brookhaven area map.
Nearby Schools
Brookhaven School District
Elementary · 0.3 mi away
Brookhaven High School
Secondary · 0.4 mi away
Mississippi School of the Arts
Secondary · 0.5 mi away
Brookhaven Elementary School
Elementary · 0.6 mi away
Lincoln County School District
School · 0.6 mi away
Mamie Martin Elementary School
Elementary · 0.6 mi away
Lipsey School
Secondary · 0.9 mi away
Shiny Star Learning Center
School · 1.1 mi away
Alexander Junior High School
Secondary · 1.1 mi away
Mullins School
School · 1.2 mi away
Brookhaven School District
School · 1.2 mi away
Loyd Star Attendance Center
Secondary · 7.4 mi away
Enterprise Attendance Center
School · 8.3 mi away
Wesson Attendance Center
School · 8.4 mi away
West Lincoln School
Elementary · 9.9 mi away
Bogue Chitto School
School · 10.0 mi away
Bogue Chitto Attendance Center
School · 10.1 mi away
Pearblossom Private School
Elementary · 11.1 mi away
Hazlehurst Middle School
Secondary · 18.7 mi away
Hazlehurst Elementary School
Elementary · 18.7 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2228 NW Old Red Star Drive, Brookhaven, MS | $119,000 | 4 | 3 | 2,120 |
| 110 Main Street, Brookhaven, MS | $120,000 | 3 | 1 | 1,234 |
| 605 E Chickasaw Street, Brookhaven, MS | $120,000 | 3 | 2 | 1,111 |
| 802 Union Street, Brookhaven, MS | $130,000 | 5 | 2 | 2,128 |
| 912 Old Highway 51, Brookhaven, MS | $135,000 | 3 | 2 | 1,680 |
| 1607 N Jackson Street, Brookhaven, MS | $137,400 | 3 | 1 | 1,489 |
Moving Cost Estimate
EXIT Agents in Brookhaven
Listing Courtesy: Sell Your Home Services, LLC. - 8882193009
Presented by: Daniel Demers