NOT LISTED FOR SALE

204 S Market St Petersburg, VA 23803

Estimated Value: $404,000 - $560,000

4 Beds
1.5 Baths
5,252 Sq Ft
$90/Sq Ft Est. Value

Last Sold March 25, 2019

Last sale price $295,000 $56 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,951/month

147 Days on Market

Highlights

  • Colonial Architecture
  • 7 Fireplaces
  • High Ceiling
  • Wood Flooring
  • Separate Formal Living Room
  • Wrap Around Porch

About This Home

As of March 2019

Rare opportunity to own a piece of history - this beautiful Italianate mansion is known as The Thomas Wallace House, built in 1855 and it's listed on The National Register of Historic Places and the Virginia Landmarks Register. President Lincoln and General Ulysses S. Grant met at this home on April 3, 1865, the day after Petersburg fell, to discuss the impending conclusion of the Civil War. The house served as General Grant’s headquarters in Petersburg and he learned of the fall of Richmond on it's front porch. This home offers four bedrooms, 1.5 baths, a stunning foyer when you first walk in, four living parlors on the first level, a large dining room and an eat-in kitchen. Many of it's original features are preserved and this includes an early 20th century cast iron fence on the street fronts, granite curbing, mature trees on the entryway, beautiful moulding, dramatic staircase and 12' ceilings. A detached studio that's perfect for an office or an artist studio. It's zoned for business and residential and could make for a great bed & breakfast as Petersburg is starting to thrive again!

Last Agent to Sell the Property

Kong Nou

The Steele Group License #0225208218 Listed on: 10/03/2018

The Steele Group

Last Buyer's Agent

Casey Smith

The Steele Group License #0225183573

The Steele Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,231

Year Built

  • Built in 1855

Lot Details

  • 0.36 Acre Lot
  • Fenced Front Yard
  • Zoning described as RB

Parking

  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 5,252 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bookcases
  • High Ceiling
  • Recessed Lighting
  • 7 Fireplaces
  • Fireplace Features Masonry
  • Bay Window
  • Separate Formal Living Room
  • Dining Area
  • Wood Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Wrap Around Porch

Schools

  • A. P. Hill Elementary School
  • Peabody Middle School
  • Petersburg High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 022-200002

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,231

Year Built

Built in 1855

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1855
  • Property Attached Yn: No
  • Lot Size Acres: 0.3621
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Colonial, Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Approximate
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • General Property Information Below Grade Unfinished Area: 1840.0
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Wood
  • Basement: Full, Walk-Out Access
  • Appliances: Electric Water Heater
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Masonry
  • Fireplaces: 7
  • Fireplace: Yes
  • Interior Amenities: Bookcases, Built-in Features, Bay Window, Dining Area, Separate/Formal Dining Room, Eat-in Kitchen, High Ceilings, Bath in Primary Bedroom, Recessed Lighting
  • Living Area: 5252.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Metal
  • Fencing: Front Yard
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick
  • Patio And Porch Features: Front Porch, Wrap Around
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Window Unit(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Peabody

Lot Info

  • Parcel Number: 022-200002
  • Zoning Description: RB
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 3231.0
  • Tax Lot: 1

MLS Schools

  • Elementary School: A. P. Hill
  • High School: Petersburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2018
Closed on
Mar 15, 2019
Sold by
Givens Rodney L
Bought by
Amb2 Llc
Seller's Agent
Kong Nou
The Steele Group
Buyer's Agent
Casey Smith
The Steele Group
List Price
$349,000
Sold Price
$295,000
Premium/Discount to List
-$54,000
-15.47%
Current Estimated Value
$473,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,952
Avg. Annual Appreciation
7.94%

Purchase Details

Closed on
Jun 2, 2003
Bought by
Givens Rodney L and Creegan Joseph I
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Amb2 Llc $295,000 --
Givens Rodney L $194,540 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2019 03/25/19 Sold $295,000 -15.5% $56 / Sq Ft
02/27/2019 02/27/19 Pending -- -- --
10/03/2018 10/03/18 For Sale $349,000 -- $66 / Sq Ft
Source: Central Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,473 $371,200 $31,500 $339,700
2023 $4,473 $352,200 $31,500 $320,700
2022 $4,473 $352,200 $31,500 $320,700
2021 $3,231 $239,300 $31,500 $207,800
2020 $3,231 $239,300 $31,500 $207,800
2019 $3,231 $239,300 $31,500 $207,800
2018 $3,231 $239,300 $31,500 $207,800
2017 $3,231 $239,300 $31,500 $207,800
2016 $3,231 $239,300 $0 $0
2014 $3,231 $0 $0 $0
2013 $3,231 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1835088

Central Virginia Regional MLS

APN: 022-20-0002