$66,294 EMV

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Highway 5
Hickory Flat, MS 38633

Overview

This possible Bankruptcy asset is located at Highway 5, Hickory Flat, MS 38633. This property has an estimated market value of $66,294.
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Status: Active
Listing ID: 63517005
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Homes near Highway 5 in Hickory Flat, Mississippi


Learn about Highway 5 in Hickory Flat, MS

Our team of real estate experts has conducted a thorough analysis of the current market conditions in Hickory Flat, specifically for Highway 5 and comparable listings. Based on this expert analysis, the estimated market value is $66,294. If purchased for rental purposes, the monthly rental rate could range between $830 and $1,131, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Highway 5 are updated daily along with others in Hickory Flat, Mississippi, ensuring you have the most current and accurate information.


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Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

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What is the city of Hickory Flat, MS like?

Hickory Flat is a charming rural community located in Mississippi known for its serene landscapes and close-knit social fabric. The area offers a laid-back lifestyle, making it attractive for families and retirees. With easy access to outdoor activities, residents can enjoy recreational fun including fishing, hiking, and camping in nearby natural areas.

The town prides itself on a strong sense of community and hosts various local events throughout the year, fostering connections among residents. Amenities in the area include local shops, family-owned restaurants, and essential services to meet the daily needs of the community. Hickory Flat also features various parks and recreational facilities that appeal to outdoor enthusiasts.

Education is a priority in Hickory Flat, with schools offering quality education and a supportive environment for students. The locality is also fairly connected to nearby larger towns, allowing for further economic and social opportunities.

Nearby Schools

There are 3 schools in the area. Nearby schools include Hickory Flat High School and Hickory Flat Elementary School.

Hickory Flat High School
Hickory Flat Elementary School
Tishomingo County High School

Nearby Attractions

There are plenty of activities near this property like Hickory Flat Community Center, Hickory Flat Library, and more.

Hickory Flat Community Center
Hickory Flat Library
Local medical clinic

What kind of public transportation is there?


Public transportation options include: Limited public transit options available, primarily reliant on personal vehicles.. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Hickory Flat City Park, Piney Woods Park and more.

Hickory Flat City Park
Piney Woods Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

AT&T
Xfinity
Windstream
Rental Chart
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for Highway 5 in Hickory Flat Mississippi
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Property Information

Bankruptcy

The property located at Highway 5 in Hickory Flat, MS is listed as a potential Bankruptcy asset.

This property may be available as a potential bankruptcy asset in Case Number: 25-11424-jdw. It is listed because the address was used as the mailing address for an individual who has filed for bankruptcy on 05-05-2025. This listing at Highway 5 in Hickory Flat, Mississippi is among more than 1 million records featured in our comprehensive nationwide real estate database. However, unlike most property records, not all homes / addresses associated with a bankruptcy filing are for sale. We highly recommend that you first contact William Fava (court-appointed receiver / trustee) listed below (scroll down) under "Legal/Bankruptcy Information" sections to learn whether or not the property is (or will soon be) for sale.

What is a bankruptcy estate?

A property owner who is experiencing difficult financial issues will sometimes file for bankruptcy as a last resort. This is a legal proceeding (usually called Chapter 7 bankruptcy), during which a court-appointed receiver / trustee, like William Fava, will be assigned to determine all the assets of a distressed property owner. More often than not, a home or property is one of the most valuable assets that the court-appointed receiver / trustee will leverage to satisfy the distressed property owner’s outstanding debts. The contents of the home, as well as any other assets (e.g. cars, boats, etc.), are also often included in a bankruptcy estate. William Fava is almost always motivated to sell a property included in a bankruptcy filing very fast -- there is no real attachment to it other than to obtain funds to pay off debts. And the savings for a savvy buyer and/or investor looking to buy a house that's part of a bankruptcy filing for sale in Hickory Flat, MS can be tremendous.

First Steps to Buying a Bankruptcy

In order to purchase a bankruptcy property, you will need to approach William Fava to pursue your deal.

Contact William Fava to find out if the property is for sale as part of the bankruptcy.  If so, request the terms for the sale of the property as well as any additional information regarding the condition of the property. This will help you understand the type of investment your are getting into.

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Legal Information

Bankruptcy Information

Credit Information Center

Document Center

Rental Value

The estimated rental value for Highway 5 located in Hickory Flat, MS is $980/month. Comparable homes around Highway 5 that are rentals have monthly ranges starting as low as $830 per month and as high as $1,131 per month. An owner looking to use this property as an investment could bring a return in the area of $830 - $1,131 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
05/05/25   Bankruptcy

Similar Homes Nearby Hickory Flat, MS


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Homes On This Street
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Highway 5
Hickory Flat, MS 38633

$66,294 EMV

Status: Active Listing ID: 63517005

Property Information

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Highway-5-Hickory-Flat-MS-38633/63517005_lid

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