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 cut: $10K (9/4)
$59,900
302 Water St, Petersburg, TN 37144
3beds
1,771sqft
Single Family Residence, Residential
Built in 1900
0.37 Acres Lot
$-- Zestimate®
$34/sqft
$-- HOA
What's special
Durable metal roofClassic farmhouse designSpacious homeWelcoming covered front porchCorner lotTwo beautiful original fireplaces
- 66 days
- 1,863
- 106
Zillow last checked:
Listing updated:
Listed by:
Brent Perryman 931-993-5037,
Keller Williams Russell Realty & Auction 931-359-9393
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3282482
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Heating
- None
Cooling
- None
Appliances
- Included: Electric Range
Features
- Flooring: Wood
- Basement: None
- Number of fireplaces: 2
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 1,771
- Total interior livable area: 1,771 sqft
- Finished area above ground: 1,771
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch, Covered
Lot
- Size: 0.37 Acres
- Dimensions: 100M x 185M IRR
Details
- Parcel number: 006O D 00800 000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Septic Tank
- Water: Private
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: 0
HOA
- Has HOA: No
Location
- Region: Petersburg
Financial & listing details
- Price per square foot: $34/sqft
- Tax assessed value: $67,000
- Annual tax amount: $458
- Date on market: 7/15/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Price change | $59,900-14.3%$34/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3282482 Report a problem | ||
| 8/5/2026 | Price change | $69,900-6.8%$39/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3282482 Report a problem | ||
| 7/16/2026 | Listed for sale | $75,000+273.6%$42/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3282482 Report a problem | ||
| 4/7/2026 | Sold | $20,075-33.1%$11/sqft |
Source: Public Record Report a problem | ||
| 9/21/2012 | Sold | $30,000+100%$17/sqft |
Source: Agent Provided Report a problem | ||
| 8/14/2012 | Sold | $15,000-49.8%$8/sqft |
Source: Public Record Report a problem | ||
| 8/11/2012 | Listed for sale | $29,900$17/sqft |
Source: Farm & Home Real Estate #1385461 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $458 -10.3% | $16,750 -10.3% |
| 2024 | $510 +23.8% | $18,675 +84.9% |
| 2023 | $412 +43.5% | $10,100 |
| 2022 | $287 -0.8% | $10,100 |
| 2021 | $290 | $10,100 |
| 2020 | $290 | $10,100 |
| 2019 | $290 +148.9% | $10,100 +199.3% |
| 2018 | $116 -0.3% | $3,375 |
| 2017 | $117 +47.7% | $3,375 |
| 2016 | $79 -20.1% | $3,375 |
| 2015 | $99 | $3,375 |
| 2014 | $99 | $3,375 |
| 2013 | -- | $3,375 |
| 2012 | $24 | $3,375 +285.7% |
| 2011 | $24 | $875 |
| 2010 | $24 +1.4% | $875 |
| 2009 | $24 -0.3% | $875 |
| 2008 | $24 +0% | $875 |
| 2007 | $24 -17.3% | $875 |
| 2006 | $29 -83.3% | $875 -83.3% |
| 2005 | $173 | $5,251 |
| 2004 | $173 | $5,251 |
| 2002 | $173 | $5,251 |
| 2001 | -- | $5,251 -82% |
| 2000 | -- | $29,153 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 37144
Nearby schools
Schools provided by the listing agent
- Elementary: Unity School
- Middle: Unity School
- High: Lincoln County High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
