****OFFER ACCEPTED AND AWAITING SIGNED PURCHASE OFFER****Folly Castle was built by Peter Jones II, the great grandson of Peter Jones for whom Petersburg is named. At 23, Peter sold 29 lots on High Street to finance this home. The name "Folly Castle" originates form two sources. During Colonial times, "castle" was a common reference for large dwellings. Because Peter was a bachelor, his home became known as his "folly." Hence the name "Folly Castle" was derived. This is a massive home with a separate cottage, storage buildings and detached garage. Tons of potential. Was previously used as a Bed & Breakfast. Part of the Folly Castle Historic District and included on the National Register of Historic Places. Tax credits available for revitalization.