3 beds 2 baths 1,892 sqft

5 minutes read

If you’ve been searching for a budget-friendly property with solid fundamentals and strong potential for appreciation, 120 Richview Place in Jackson, Mississippi deserves your full attention. This 3-bedroom, 2-bathroom single-family home offers nearly 1,900 square feet of living space, a functional layout, and a location within an established neighborhood—all at a highly accessible price point.

Listed at $90,000 and offered as a Fannie Mae HomePath property, this home represents an outstanding opportunity for first-time buyers, investors, and anyone looking to enter the real estate market with value on their side. While the property is being sold as-is with no warranties, it provides a blank canvas for those with vision and the willingness to make improvements.

A Value-Driven Opportunity in Today’s Market

In a real estate environment where affordability is becoming increasingly rare, properties like this stand out. With a price per square foot of just $37, this home offers exceptional value compared to many other listings in the region.

Whether your goal is to renovate and resell, create a long-term rental, or secure a primary residence with built-in equity potential, this property delivers the fundamentals needed for a smart investment.

Spacious Layout with Functional Design

One of the most appealing aspects of this home is its generous size. With approximately 1,892 square feet of interior living space, the layout provides room to grow, adapt, and customize.

Interior Overview:

3 well-sized bedrooms
2 full bathrooms
Open floorplan connecting key living areas
Dedicated laundry room with hookups
Eat-in kitchen designed for convenience

The open layout creates a sense of flow between the kitchen, dining, and living areas, making it ideal for both everyday living and entertaining.

Comfortable Living Spaces with Natural Light

The home features a combination of carpet, ceramic tile, and concrete flooring, offering durability and flexibility for future updates. Insulated vinyl windows allow natural light to fill the interior while helping maintain energy efficiency.

French doors add a touch of character and provide easy access to outdoor areas, enhancing the overall living experience.

Kitchen Designed for Everyday Use

The eat-in kitchen serves as a central hub of the home. With included appliances such as a dishwasher and microwave, it offers a practical starting point for buyers who may wish to upgrade or personalize the space.

Ample room for dining within the kitchen area adds convenience and makes the home feel more connected and functional.

Fireplace Feature Adds Warmth and Appeal

A built-in fireplace adds charm and character to the living area. Whether used as a focal point for design or a source of warmth during cooler months, this feature enhances the home’s overall appeal.

Bedrooms and Bathrooms for Comfortable Living

The home’s three-bedroom configuration provides flexibility for a variety of living arrangements:

Primary bedroom with ample space
Additional bedrooms suitable for family, guests, or home office use
Two full bathrooms for added convenience

This layout is especially appealing for families or renters, increasing the property’s long-term value and usability.

Outdoor Space with Privacy Potential

Situated on a 0.27-acre lot within a cul-de-sac, the property offers a balance of privacy and accessibility.

Exterior Features:

Private backyard
Wood fencing for added security
Concrete driveway with parking space
Slab patio area for outdoor use

The fenced backyard is ideal for pets, gardening, or creating an outdoor entertainment area. With some landscaping improvements, this space could become a standout feature.

Durable Construction and Classic Style

Built in 1973, the home features a traditional ranch-style design with brick exterior construction. This combination offers durability, low maintenance, and timeless appeal.

Additional structural features include:

Architectural shingle roof
Slab foundation
Single-story layout for easy accessibility

These elements provide a solid foundation for future improvements and long-term ownership.

Utilities and Infrastructure in Place

The property is connected to public sewer and has access to essential utilities, including:

Electricity
Natural gas
Cable availability

These connections simplify ownership and make the property more attractive for both homeowners and tenants.

Fannie Mae HomePath Advantage

As a Fannie Mae HomePath property, this listing comes with unique opportunities for buyers—especially first-time homeowners.

Key Benefits:

Access to the HomePath Ready Buyer program
Up to 3% closing cost assistance (restrictions apply)
Educational resources through the HomePath homeownership course

By completing the required course and attaching the certificate to your offer, eligible buyers can reduce upfront costs and gain valuable knowledge about the homebuying process.

Investment Potential with Room to Improve

This property is being sold as-is, which means it may require repairs or updates. However, this is where the true opportunity lies.

Potential Value-Add Improvements:

Interior painting and cosmetic upgrades
Flooring replacement or refinishing
Kitchen and bathroom modernization
Landscaping and curb appeal enhancements
HVAC system updates or servicing

With the right improvements, the property’s value could increase significantly, making it a strong candidate for a fix-and-flip or rental investment.

Ideal for Multiple Buyer Types

This home appeals to a wide range of buyers, including:

First-Time Buyers:

Looking for an affordable entry point into homeownership with assistance options available.

Investors:

Seeking properties with low acquisition costs and strong upside potential.

Landlords:

Interested in creating a rental property in a steady-demand area.

Renovation Enthusiasts:

Buyers who want to customize a home to their personal style.

Location Benefits in Jackson, Mississippi

Located in the Valley North subdivision of Jackson, this property offers access to local amenities, schools, and services.

Jackson remains a key market for affordable housing and investment opportunities due to:

Lower cost of entry compared to national averages
Consistent rental demand
Growing interest from investors

The cul-de-sac location adds an extra layer of privacy while maintaining proximity to main roads and conveniences.

Financial Highlights

Listing price: $90,000
Price per square foot: $37
Tax assessed value: $82,840
Annual property taxes: $1,653

These numbers highlight the affordability and potential return on investment, especially when compared to rising property values in many markets.

A Smart Move in a Competitive Market

In today’s real estate landscape, finding a property with this combination of size, price, and potential is increasingly difficult. While the home requires attention and updates, it offers a rare chance to build equity quickly.

For buyers willing to invest time and effort, the rewards can be substantial.

Important Considerations

Before making an offer, buyers should:

Review all property details on HomePath.com
Understand that the property is sold as-is with no warranties
Conduct inspections and due diligence
Explore financing and assistance options

Being informed and prepared will help ensure a smooth transaction and successful outcome.

Final Thoughts: Opportunity Meets Affordability

120 Richview Place is more than just a house—it’s an opportunity to create value, build equity, and invest in your future. With its spacious layout, solid construction, and attractive price point, this property stands out as a smart choice for buyers at multiple stages.

Whether you’re stepping into homeownership for the first time or expanding your investment portfolio, this home offers the foundation you need to succeed.

Take the Next Step

Opportunities like this don’t last long, especially in markets where affordability is key. Explore the details, complete the HomePath Ready Buyer course if applicable, and prepare your offer.

With the right vision and strategy, this property can be transformed into a comfortable home or a profitable investment.

Don’t miss your chance to unlock the potential of this Jackson, MS property—schedule your viewing and take action today.

Listed on Zillow