Jennavie Basora

302 Water St

Petersburg, TN
$ 59,900 Beds 3 Baths 1 Sq 1,771
Monthly Estimate* How much can I afford?

Investor Special – Cash Buyers Take Notice! Unlock the potential of this fixer-upper situated on a desirable corner lot in Petersburg. This spacious home is full of character and timeless charm, featuring two beautiful original fireplaces, a classic farmhouse design, a welcoming covered front porch, and a durable metal roof. Major improvements have already been completed, including updated electrical and plumbing, providing a solid foundation for your renovation. While the home needs cosmetic updates and repairs, it offers an outstanding opportunity to restore its historic charm and build instant equity. Whether you're looking for your next flip, rental property, or renovation project, this home has the potential to become a true showpiece. Conveniently located in a quiet small-town setting with easy access to Lewisburg and Fayetteville. The property is located in a designated flood zone, which is common for this area. Property is being sold As-Is. Cash or conventional financing preferred.

Active

  • Price
  • $ 59,900
  • City
  • Petersburg
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • LINCOLN
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.37 Acres
  • Zip
  • 37144
  • Sqr Footage
  • 1,771
  • Year Built
  • 1900
  • Taxes
  • $ 458
  • Style
  • MLS#
  • 3282482
Listed By: Keller Williams Russell Realty & Auction;
Data Source: Listing courtesy of RealTracs MLS as distributed by MLS GRID

Features

General

Living Area 1771
Sewer Septic Tank
Heating None
Cooling None
Utilities Water Available
Possession Close Of Escrow
Roof Metal
Appliances Electric Range
Patio/Porch Features Porch,Covered
Construction Materials Vinyl Siding
Year Built 1900
Stories Count 2
Levels Two
Property Subtype Single Family Residence
County Lincoln County,TN
New Construction No
Property Type Residential
Attached Garage No
Garage Y/N No
Full Baths 1
Status Active
Directions From Lewisburg. Take US-431 South toward Petersburg. For approximately 13 miles to Petersburg. Turn left onto Spring Street. Turn right onto Water Street.302 Water Street will be on your left. Approx
High School Lincoln County High School
City Petersburg
Senior Community Y/N No
Lot Size Units Acres
Elementary School Unity School
Property Attached Y/N No
Year Built Details Approximate
Tax Annual Amount 458
Middle/Junior High School Unity School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active

Interior Features

Basement None
Flooring Wood
Total Fireplaces 2
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N Yes
Above Grade Finished Area 1771
Total Bedrooms 3
Main Level Bedrooms 2
Below Grade Finished Area Unit Type Square Feet
LivingAreaSource Assessor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 1

Exterior Features

Water Source Private
Lot Size Area 0.37
Building Area Total 1771
Lot Dimensions 100M X 185M IRR
Lot Size Acres 0.37
Lot Size Source Calculated from Plat
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Lewisburg, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unity School Elementary School
Middle School Unity School Middle School
High School Lincoln County High School

Price History

7/16/2026 Listed $75,000
8/5/2026 7% - $69,900
9/4/2026 15% - $59,900

Property vs Zip Code Average in 37144

Price
AVG $710K
$60K
Taxes
AVG $1,262
$458
Year Built
AVG 1970
1900
Visits
AVG 36
23
Data Provided by Inside Real Estate®

Areas That We Cover

302 Water St Petersburg, TN is a Single Family Home for sale at $59900 with 1771 sqft and a lot size of 0.37 Acres Acre(s). 302 Water St Petersburg has 3 bedrooms, 1 baths and was built in 1900. The property's zip code is 37144 which is in Petersburg, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Jennavie Basora

Jennavie Basora

Affiliate Broker

931-212-8482

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