416 W Washington Street
Petersburg, VA, 23803 $ 555,000
Bedrooms4 Baths2.1 Sq 4,532 Monthly Estimate*
$ 3,833
Single Family Home for sale in Petersburg, VA
for $555,000 with 4 bedrooms and 2 full baths, 1 half bath. This 4,532 square foot home was built in 1830 on a lot size of 0.3141.
Built in 1830 and known through the years as the Chamberlayne/McIlwaine Home, 416 West Washington Street is one of the more storied residences in Petersburg's historic Folly Castle district. A glorious gingko tree adorns the back yard and was purportedly gifted by President Thomas Jefferson himself! The distinguished list of past owners includes the founder of Richmond’s St. Christopher School. Etchings that adorn 2 original glass windowpanes feature the inscribed date 1869 and include Churchill Chamberlayne’s name. The central location allows for an easy walk to restaurants and the great new library. Seller has confirmation from City of Petersburg zoning that the extra "stable" lot can be improved, either with a guest house, studio or pool house (if a lap pool were added to the lovely yard) once the 2 tax parcels are combined into a single parcel. Then in 2027, regulations will allow a rentable ADU on that space. A new owner can rent the existing apartment, add an income producing ADU and let those rents cover their mortgage! A sweet deal for an amazing home with so much history! 2 adjacent tax parcels: 1. Main house on 0.31 acre, tastefully modernized 2. 72’ x 30’ Rear parcel described in the tax record as “Stable Lot”, with original brick ruins Main house 2 story clapboard Original pine flooring, high ceilings 3 bedrooms, including primary suite, dressing room/bath 2 ½ baths Updated Kitchen granite, gas cooktop, cabinetry and pantry Front parlor, Living and Dining Rooms, family room Covered porches, balcony, brick patio Attached Apartment Sells Furnished – past rentals up to $1,800/mo Separate entrance at rear of main house offers functional living with historic charm Living room, Bedroom, Kitchen, Bath, Laundry closet with hook-ups, private 2nd story balcony This amazing property seeks a history buff interested in preservation and stewardship of this home and carriage house lot.
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FeaturesGeneralSewer Public Sewer
Heating Electric Zoned
Cooling Zoned
Possession Close Of Escrow
Roof Composition
Patio/Porch Features Balcony Rear Porch Enclosed Porch
Architectural Style Two Story
Pool Features None
Construction Materials Clapboard Frame
Year Built 1830
Stories 2
Levels Two
Property SubType Single Family Residence
Tax Year 2025
Percent Ownership Individuals
Community Features Curbs Gutter(s)
County Petersburg
New Construction false
Property Type Residential
Subdivision Name Folly Castle
Garage Y/N false
Total Rooms 9
Full Baths 2
Status Active
Directions Enter Petersburg via main Business Rt 460 - Washington St. House is on the left
High School Petersburg
Disclosures Exempt Disclaimer
Zoning Description R-3
MLS Area 57 - Petersburg
Lot Size Units Acres
Waterfront Y/N false
Elementary School Cool Spring
Year Built Details Historic
Tax Annual Amount 3919.22
Middle/Junior High School Vernon Johns
Property Condition Resale
Days on Market 32
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 313000
Tax Lot 75 x 178
Ownership Type Sole Proprietor
Property Sub Type Additional Single Family Residence
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InteriorBasement Crawl Space Partial Unfinished
Fireplace Features Decorative
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 1
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 3
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ExteriorLot Features Landscaped Level
Water Source Public
Lot Size Area 0.3141
Lot Dimensions 75.6 x 181.6
Lot Size Acres 0.3141
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* Excluded FeaturesList ByTranzon Key AuctionsBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,833
- Monthly Property Taxes
- $327
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTrends Information provided by ATTOM Data Solutions.
2442977 Elementary School
243820 Middle School
Petersburg High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/8/2026 | $555,000 | -7.35% | Price Down |
| 9/29/2026 | $599,000 | | Listed Price |