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116 Jesses Way, Rice, VA, 23901

5beds
4baths
2,381sqft
$429,000
$180price/sqft
$2,779/moest. monthly cost
$111,160/yrincome needed

About This Home

Welcome to this beautiful 5-bedroom home located in the heart of the Town of Farmville. This well-maintained property features a spacious kitchen with granite countertops, perfect for cooking and gathering. The primary suite is conveniently located on the main level, offering comfort and privacy. Additional highlights include a paved driveway and a huge rear deck in the backyard, great for parties, entertaining, and relaxing with friends and family. A new roof is being installed, adding even more value and peace of mind for the next owner. With generous living space and a desirable location, this home is a must-see.

Getting Around

21
WalkingCar-Dependent
0
TransitVery Limited Transit
15
BikeSomewhat Bikeable

Schools

6/10
2/10

Construction

Condition

  • Property condition: Resale
  • Year built: 2006

Materials

  • Roof: Composition
  • Construction materials: Frame,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Two Story
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Attic: Access Only
  • Finished area below ground: 0
  • Finished area above ground: 2,381

Half Bath

  • Level: First

Heating & Cooling

  • Heating features: Electric,Heat Pump,Zoned
  • Cooling features: Central Air,Zoned

Interior Area

  • Total interior livable area: 2,381 sqft

Other

  • Level: First

Other

  • Level: Second

Property

Details

  • Parcel number: 023A12717

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Drought
    DroughtRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Drought
Lightning
Strong Wind
Cold Wave
Earthquake
Hurricane
Inland Flooding
Tornado
Winter Weather

FEMA Declared Disasters Across Virginia Counties

Flood
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,169$26,028
Home Insurance *$193$2,316
Property Taxes $188$2,256
Electricity $229$2,752
Total$2,779$33,348
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$95,280/yr
40% on housing$83,370/yr
45% on housing$74,106/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 9.0%
9.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$180This listing

vs Other Active Listings

Avg $/sqft

ZIP 23901$148
Prince Edward County$144

vs Homes Sold Last Month

Median $/sqft

ZIP 23901
Prince Edward County$147

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-12Price change$435,000
2026-03-03Price change$439,000
2026-01-07Listed for sale$445,000

For Sale by Agent

AgentMarshall Simpson
BrokerageRE/MAX Advantage Plus

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