- Offering price
- PRICE REDUCED: $375,000
- Sale type
- For sale by owner
- Address
- 11865 Newton County Martin Rd, Collinsville, MS 39325
- Occupancy / showings
- Property is currently occupied; private tours by appointment only
- Possible possession
- As early as November 1, 2026, under a separate written pre-closing occupancy agreement
- Earliest closing
- Final closing and title transfer cannot occur before December 13, 2026
- Timing flexibility
- Seller is open to discussing deposit, occupancy, possession, and closing terms with a qualified buyer
- Purchase structure
- $10,000 down, approximate $287,000 assumable first, and approximate $78,000 seller-financed second with a three-year balloon
- Estimated monthly
- Approx. $2,866.46/month using current first-loan PITI plus the seller-financed second payment
- Existing VA loan
- Owner believes the current VA loan may be assumable at 5.62%, with current PITI around $2,187/month
- Seller-financed second
- Approx. $78,000 at 6.5%, amortized over 15 years with the remaining balance due after 36 months; estimated payment $679.46/month and estimated remaining balance after 36 payments $67,816.09
- Land
- Approximately 11.96 acres
- Main home
- 2,110 sq. ft., including a climate-controlled sunroom
- Main-house HVAC
- Central system not operational; mini-splits and window units are used for cooling, and space heaters for winter heat
- Additional dwelling
- 400 sq. ft. tiny house with composting toilet
- Current tiny-home use
- Recently launched Airbnb rental with early booking activity and modest supplementary income
- Additional rental potential
- Future RV-pad areas may offer opportunity after completion and required approvals; no future income is guaranteed
- Barn
- 1,200 sq. ft., partially converted
- Finished barn area
- Approx. 600 sq. ft., insulated with heat & A/C
- Site infrastructure
- Approx. 500 ft. of new water and drain lines, plus three 30/50-amp electrical hookup locations
- Future pad areas
- Water provision installed; completed RV pads are not represented as currently in place
- Setting
- Pine forest, open land, trails & garden areas
- School assignment
- Lauderdale County School District / West Lauderdale schools; buyer to verify enrollment