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4521 Free School Rd, Gloucester, VA, 23061

2beds
3baths
2,273sqft
$929,500
$409price/sqft
$5,819/moest. monthly cost
$232,760/yrincome needed

About This Home

"Free School Farm" is located on over 14 acres on a private peninsula with extensive water frontage on the beautiful Severn River with southern views is a sirine and unique place - well worth the visit. When you come here you want to stay awhile. The home features a Carport, large parking area and a back up generator. There is a shed and we raise chickens here. This is also a horse farm. Beatiful Riding trails and a riding/training rink. Large Barn and stalls. The home features a large and beautiful Stone Fireplace with woodstove that is great for warming the home. There is a vaulted ceiling with appealing wood beams overhead. The dining room looks out of a picture window to the backyard and the farm. There are oak cabinets in the kitchen and granite countertops. On the 2nd Floor there is a guest/Office room with very large walk in closet (over the top size!!) Features include 2 zone heatpump, insulated crawl space, Water Filtration System, Architectural shingles and 2 waterside porches.There are 2 more septic locations on the property and another private waterfront point where another home and/or guesthome can be built. This is an awesome property. A Must See! Call for your Private Appointment today!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

9/10
8/10
Page MiddleGrades 6-84.2 mi
5/10
Gloucester High SchoolGrades 9-125.1 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1987

Materials

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

Type & Style

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

Interior

Additional Room

  • Level: Second

Additional Room

  • Level: Second

Appliances

  • Appliances included: Dryer,Dishwasher,Exhaust Fan,Electric Cooking,Electric Water Heater,Freezer,Refrigerator,Stove,Water Softener,Washer
  • Laundry features: Washer Hookup,Dryer Hookup

Basement

  • Basement: Crawl Space

Bedroom2

  • Level: Second

Bedrooms & Bathrooms

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

Dining Room

  • Level: First

Family Room

  • Level: First

Features

  • Beamed Ceilings,Bookcases,Built-in Features,Bedroom on Main Level,Bay Window,Ceiling Fan(s),Cathedral Ceiling(s),Dining Area,Double Vanity,Fireplace,High Ceilings,Kitchen Island,Main Level Primary,Walk-In Closet(s)
  • Door features: Insulated Doors
  • Window features: Thermal Windows
  • Flooring: Wood
  • Number of fireplaces: 1
  • Fireplace features: Stone,Wood Burning,Insert
  • Fireplace: Yes
  • Attic: Pull Down Stairs
  • Finished area below ground: 0
  • Finished area above ground: 2,273

Heating & Cooling

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

Interior Area

  • Total interior livable area: 2,273 sqft

Kitchen

  • Level: First

Laundry

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 8557
  • Zoning description: RESI
  • Other equipment: Generator
  • Horse amenities: Stable(s)

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Porch
  • Exterior features: Boat Lift,Dock,Lighting,Porch
  • Fencing: Fenced,Partial
  • On waterfront: Yes
  • Waterfront features: Creek,Navigable Water,Boat Ramp/Lift Access,Waterfront
  • Waterbody name: Severn River
  • Frontage length: 1400.0000,1400.0000
  • Topography of land: Level
  • Residential vegetation: Mixed

Lot

  • Lot size: 14.11 Acres
  • Features: Buildable,Pasture,Waterfront,Level

Parking

  • Total spaces: 4
  • Parking features: Covered,Carport,Parking Lot
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes
  • Carport: 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

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Drought
    DroughtModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Drought
Strong Wind
Tsunami

FEMA Declared Disasters Across Virginia Counties

Severe Storm
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 $4,700$56,400
Home Insurance *$415$4,980
Property Taxes $486$5,832
Electricity $218$2,627
Total$5,819$69,828
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$199,508/yr
40% on housing$174,570/yr
45% on housing$155,173/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: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 6.0%
6.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$409This listing

vs Other Active Listings

Avg $/sqft

ZIP 23061$206
Gloucester County$194

vs Homes Sold Last Month

Median $/sqft

ZIP 23061$213
Gloucester County$195

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
2026-05-09Listed for sale$929,500
2021-09-11Listing removed--
2021-08-07Listed for sale$699,999
2017-06-30Sold$420,000
2017-01-30Listed for sale$439,900
2016-06-01Listing removed$385,000
2016-05-02Price change$385,000
2014-04-01Price change$449,900
2012-04-06Price change$499,000
2011-10-26Price change$575,000
2010-11-07Listed for sale$649,900

For Sale by Agent

AgentDeborah A Morgan
BrokerageMorgan & Edwards Real Estate

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