Charming 1933 Colonial Ready for Restoration
Welcome to 37 Madison Street in Pickens, Mississippi, a property brimming with potential and awaiting the right visionary to bring it back to life. Priced at just $39,000, this spacious 2,900 square foot Colonial-style home offers a rare opportunity for renovators, investors, or anyone dreaming of crafting a custom residence in a quiet rural setting. Built in 1933 and situated on a generous 0.60 acre lot, this home features an impressive layout, multiple living spaces, and a basement—an uncommon and valuable feature in the region. While the home requires significant work, its size, structure, and character make it an exceptional canvas for a renovation project.
A Spacious Layout with Endless Possibilities
Step inside and you will immediately notice the substantial square footage this home provides. With three bedrooms and three full bathrooms, including a bonus room that contains its own private bathroom, the layout easily lends itself to a variety of future configurations. Whether you envision a multi-generational setup, guest suites, or an open-concept transformation, the space gives you the freedom to design a home that meets your needs.
The main level includes multiple gathering areas including a formal dining room, a traditional living room, and a keeping room that could serve as a cozy family space or home office. A large pantry offers practical storage solutions, while the flexible bonus room provides even more potential for customization—perhaps a craft room, home gym, media room, or additional bedroom.
Character and Charm Beneath the Surface
Although the home currently lacks heating, cooling, and appliances, its original 1933 structure offers classic Colonial charm that can be revived with the right improvements. The brick construction and architectural shingle roof establish a strong foundation for renovation, while the conventional foundation and two story design reflect the craftsmanship of the period.
Inside, you will find features that speak to the home’s age and style, including generous room proportions, multiple exterior access points, and a thoughtful layout that separates living spaces from private quarters. The screened porches on both the front and rear of the home add timeless Southern charm and expand the usable living space during pleasant weather.
Outdoor Living and Lot Features
The 0.60 acre lot gives you space to grow, garden, entertain, or simply enjoy the peace of rural Mississippi. With frontage along quiet Madison Street, the home sits in a calm setting within the Metes and Bounds subdivision, offering privacy while still being close to town conveniences.
Both front and rear screened porches provide welcoming outdoor spaces ideal for morning coffee, evening relaxation, or casual gatherings. The unpaved parking area offers flexibility for guest parking or for redesigning the exterior to incorporate a driveway, garage, or carport to suit your needs.
A Basement Ready for Creative Use
One of the most exciting features of this property is the basement, a rarity in this part of Mississippi. This additional space can be used for storage, a workshop, storm shelter, or it could be finished to create more living space depending on your renovation goals. Whether you choose to keep it functional or turn it into a recreation room, hobby area, or home office, it’s a major bonus that provides options not found in many comparable homes.
A True Fixer Upper with Incredible Potential
It is important to note that this property will require extensive renovation. With no current heating or cooling systems, no appliances, and dated finishes, buyers should expect a full overhaul of both the interior and exterior. However, for those with vision, the possibilities are inspiring. At just $13 per square foot, this property offers one of the most affordable opportunities in the region to transform a historic home into something truly special.
Whether you’re an investor looking for your next project, a contractor seeking a profitable renovation, or a buyer ready to put personal craftsmanship and creativity into a home, 37 Madison Street offers high potential at an unbeatable price point.
Location and Utilities
Located in the Pickens region and serviced by public water and public sewer, the property already has essential utility connections available, including electricity, natural gas, and water. The home sits within a quiet community and offers easy access to nearby towns, making it an ideal blend of peaceful living and convenience.
Financial and Property Details
With a tax assessed value of $46,174 and annual taxes of $1,331, this property presents an affordable investment both upfront and long term. Listed on 10/14/2025, it offers exceptional value for its size, lot dimensions, and structural potential. The home is classified as a single family residence with Colonial architectural influences and brick exterior construction.
A Rare Opportunity in Pickens
37 Madison Street is more than just a house; it’s an opportunity to create something unique. Homes of this size, age, and character rarely come available at such an accessible price. With nearly 3,000 square feet, a basement, screened porches, and a spacious lot, the potential to restore this property into a beautiful Southern residence is undeniable.
If you’re searching for a project that allows creativity and rewards effort, this historic Colonial is ready to become your next transformation.
