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: 3
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: Electric Water Heater
Basement: Yes
Interior: Wet Bar, Separate/Formal Dining Room, Fireplace, Granite Counters, High Ceilings
Exterior Features
Exterior Information:
Exterior: Storage, Shed
Parking Information:
Parking: Off Street
Price Information
Listing Price Info
Price Summary:
List Price: $724,999
Price Per SqFt: $98/SqFt
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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,686
Per Month
Principal & Interest
$3,619
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
$2,240
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Ettrick Elementary School
20910 Chesterfield Ave
Distance between this listing and this school1.24 miles
Public District Grades PK-5
1
/10
Cool Spring Elementary School
1450 Talley Ave
Distance between this listing and this school1.52 miles
Public District Grades KG-5
1
/10
Pleasants Lane Elementary School
100 Pleasants Ln
Distance between this listing and this school1.55 miles
Public District Grades KG-5
Nearby Schools
4
/10
Colonial Heights Middle School
500 Conduit Rd
Distance between this listing and this school1.49 miles
Public District Grades 6-8
3
/10
Vernon Johns Middle School
3101 Homestead Dr
Distance between this listing and this school2.84 miles
Public District Grades 6-8
3
/10
Matoaca Middle School
6001 Hickory Rd
Distance between this listing and this school3.86 miles
Public District Grades 6-8
Nearby Schools
3
/10
Petersburg High School
3101 Johnson Rd
Distance between this listing and this school2.80 miles
Public District Grades 9-12
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. Typical income of Petersburg, VA residents is less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
This home is located at 323 Washington St in Petersburg, VA and zip code 23803. This 7,412 square foot home was built in 1763. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $724,999.
While more than 16 listings in Petersburg, VA in October 2024 were sold above asking price, there were more than 16 listings sold at asking price, and more than 20 were sold below. The inventory of homes for sale in Petersburg, VA between September 2024 and October 2024 increased by 6.6%. While the average time on the market in October 2024 was 35 days, the median list price was $239,300.
From Rocket Homes Real Estate and based on county public records data.