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296 Rices Depot Rd, Rice, VA, 23966

4beds
3baths
3,360sqft
$269,000
$80price/sqft
$1,919/moest. monthly cost
$76,760/yrincome needed

About This Home

Tucked back on 4 private acres in Rice, this 4-bedroom, 2.5-bath home lets you actually feel the quiet- morning light through the trees, room to stretch out, and a pace of life that slows down the second you pull into the driveway. Hardwood floors run underfoot through the living room and bedrooms, and a sunroom offers a bright, easy spot to start the day or unwind at the end of one. Downstairs, the expansive basement adds a full second living space, complete with its own bedroom, kitchen area, living room, and a wood stove that's ready to take the chill off a Virginia winter evening, ideal for multi-generational living, rental income, or a customized lower-level retreat. Just minutes from Farmville's shopping, dining, Longwood University, and outdoor recreation, this property gives you the best of both worlds: the convenience of town, paired with 4 acres of genuine breathing room. The open, spacious lot invites you to dig into a garden, host a bonfire with friends, or raise animals, and a spacious workshop out back is already in place for hobbies, storage, or projects of your own. Whether you're drawn to a project with long-term value, an investment opportunity, or a forever home you can shape into exactly what you need over time, this Prince Edward County gem offers space, character, and real potential for a buyer with vision.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
8
BikeSomewhat Bikeable

Schools

4/10
2/10

Construction

Condition

  • Property condition: Resale
  • Year built: 1972

Materials

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

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Walk-Out Access

Bedroom2

  • Level: First

Bedroom3

  • Level: First

Bedroom4

  • Level: Basement

Bedrooms & Bathrooms

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

Family Room

  • Level: First

Family Room

  • Level: Basement

Features

  • Flooring: Wood
  • Attic: Pull Down Stairs
  • Finished area below ground: 1,680
  • Finished area above ground: 1,680

Florida Room

  • Level: First

Half Bath

  • Level: Basement

Heating & Cooling

  • Heating features: Forced Air,Heat Pump,Oil
  • Cooling features: Heat Pump

Interior Area

  • Total interior livable area: 3,360 sqft

Kitchen

  • Level: First

Laundry

  • Level: Basement

Master Bedroom

  • Level: First

Other

  • Level: First

Property

Details

  • Parcel number: 040A38
  • Exclusions: Refrigerator

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Deck,Porch
  • Exterior features: Deck,Porch,Paved Driveway

Lot

  • Lot size: 4 Acres

Parking

  • Parking features: Driveway,Paved
  • Has uncovered spaces: Yes

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
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Drought
Cold Wave
Hurricane
Lightning
Strong Wind
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 $1,360$16,320
Home Insurance *$118$1,416
Property Taxes $118$1,416
Electricity $323$3,883
Total$1,919$23,028
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$65,794/yr
40% on housing$57,570/yr
45% on housing$51,173/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

$80This listing

vs Other Active Listings

Avg $/sqft

ZIP 23966$259
Prince Edward County$147

vs Homes Sold Last Month

Median $/sqft

ZIP 23966
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)

No zestimate history available

Price History

DateEventPrice
2026-08-17Pending sale$269,000
2026-07-06Listed for sale$269,000
2014-05-29Sold$150,000
2013-11-05Price change$169,500
2013-08-22Listed for sale$179,500

For Sale by Agent

AgentLavonya Payne
BrokerageEXP Realty, LLC

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