416 W Washington Street, Petersburg, VA 23803

Property Description

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 via Maxwell Gorman at 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.