FOLLY CASTLE C. 1763. Folly Castle was thought to be completed in 1763 and is arguably one of the most historically significant structures in Petersburg. It was built by Peter Jones, II, who was the grandson of the city’s founder and namesake. In the 1700's, large dwellings were often referred to as castles. Because Peter was a young bachelor and childless, it was considered a folly to build such a large house...hence the name Folly Castle. This showplace was meticulously constructed with fireplaces in each room, glorious floor to ceiling windows, heart pine floors, high ceilings, a slate roof, and exquisite woodwork. The property includes the main house with 4 bedrooms (3 have ensuite bathrooms), an English basement which has been transformed to a luxury 1-bedroom apartment, the original brick kitchen building, serving as another high-end income producing residence with 2 bedrooms, 2 renovated bathrooms, and renovated kitchen, and yet another outbuilding for storage. The courtyard exudes charm with its brick walks, white picket fencing, fishpond, and century old traditional Virginia plantings. This fenced .6-acre lot has additional space at the rear for parking, garage, gardens or pool.
Property Details
Property Features
Property Information:
Architectural Style: Colonial, Two Story
Year Built: 1763
Stories: 2
Living Area: 7,412 SqFt
Listing Office:
Office Name: EXP Realty LLC
Office Phone: (804) 729-5188
Listing Agent: Jeff Clark
Interior Features
Interior Information:
Appliances: Dishwasher, Electric Water Heater, Gas Range, Disposal, Refrigerator, Stove
Basement: Yes
Flooring Type: Ceramic Tile, Wood
Interior: Wet Bar, Separate/Formal Dining Room, Fireplace, Granite Counters, High Ceilings
Fireplace: Masonry
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 6
Total Bedroom Count: 7
Exterior Features
Exterior Information:
Private Pool: No
Exterior: Porch, Storage, Shed
Parking Information:
Parking: Off Street
Lot Features
Lot Information:
Lot Size: 0.60 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Cooling: Central Air, Zoned
School Info
Assigned Schools Information:
Petersburg High School, Public District Grades 10-12
Peabody Middle School, Public District Grades 6-7
J.E.B. Stuart Elementary School, Public District Grades PK-5
Price Information
Listing Price Info
Price Summary:
List Price: $850,000
Price Per SqFt: $115/SqFt
Tax Information:
Annual Amount: $1,143
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Petersburg, VA.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,310
Per Month
Principal & Interest
$4,243
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,615
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
1
/10
J.E.B. Stuart Elementary School
100 Pleasants Ln
Distance between this listing and this school1.54 miles
Public District Grades PK-5
Middle School
3
/10
Peabody Middle School
725 Wesley St
Distance between this listing and this school0.64 miles
Public District Grades 6-7
High School
3
/10
Petersburg High School
3101 Johnson Rd
Distance between this listing and this school2.88 miles
Public District Grades 10-12
Assigned Schools
1
/10
J.E.B. Stuart Elementary School
100 Pleasants Ln
Distance between this listing and this school1.54 miles
Public District Grades PK-5
Nearby Schools
5
/10
Ettrick Elementary School
20910 Chesterfield Ave
Distance between this listing and this school1.26 miles
Public District Grades PK-5
1
/10
A.P. Hill Elementary School
1450 Talley Ave
Distance between this listing and this school1.53 miles
Public District Grades KG-5
Assigned Schools
3
/10
Peabody Middle School
725 Wesley St
Distance between this listing and this school0.64 miles
Public District Grades 6-7
Nearby Schools
4
/10
Colonial Heights Middle School
500 Conduit Rd
Distance between this listing and this school1.47 miles
Public District Grades 6-8
3
/10
Matoaca Middle School
20300 Halloway Ave
Distance between this listing and this school3.87 miles
Public District Grades 6-8
Assigned Schools
3
/10
Petersburg High School
3101 Johnson Rd
Distance between this listing and this school2.88 miles
Public District Grades 10-12
Nearby Schools
6
/10
Colonial Heights High School
3600 Conduit Rd
Distance between this listing and this school3.01 miles
Public District Grades 9-12
4
/10
Matoaca High School
17700 Longhouse Ln
Distance between this listing and this school4.72 miles
The neighbors living near this home have an average income of $25,141. Most Petersburg, VA residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 323 W Washington St
What is the listing price of this property?
The listing price of 323 W Washington St property is $850,000.
What type of property is this?
The property 323 W Washington St is a house located in Petersburg, Virginia, 23803.
Is this property for sale now?
Active Listing: 323 W Washington St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 323 W Washington St are: J.E.B. Stuart Elementary School: GreatSchools Rating 1/10Peabody Middle School: GreatSchools Rating 3/10Petersburg High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,143 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 323 W Washington St has 7 bedrooms and 6 full and 1 half bathrooms.
What is the square footage of this property?
The property 323 W Washington St is 7,412 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 323 W Washington St is 1763.
This home is located at 323 W Washington St in Petersburg, VA and zip code 23803. This 7,412 square foot home, which was built in 1763, sits on a 0.60 acre lot. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since May 18, 2024 and is currently priced at $850,000.
Petersburg, VA housing market in May 2024 saw over 24 listings sold above listed price, more than 18 sold at listed price and over 25 sold below. The inventory of homes for sale in Petersburg, VA between April 2024 and May 2024 increased by 4.7%. The median list price of listings available in May 2024 was $229,962, while the average time on the real estate market was 24 days.
From Rocket Homes Real Estate and based on county public records data.