Wow! The William H. Rice House on Caroline Street

The Victorian house is in need of TLC, but has spectacular potential.

Susan Larson, Patch Staff

Posted Thu, Nov 14, 2013 at 10:33 pm ET|Updated Tue, Nov 26, 2013 at 3:21 pm ET

Wow! There it was as I drove back into downtown Fredericksburg on Dixon Street -- a grand dame of a house, standing vacant and ... for sale! Oh that I had a surplus of cash.

Built in 1909 for freight agent William H. Rice, the house at 201 Caroline St. is an incredible opportunity for restoration. The 3,505 square-foot, four bedroom Victorian is in foreclosure, having last sold in 2005 for just over $1 million, according to Zillow.

The lender, now owner, has it listed for $569,900. Zillow's foreclosure estimate predicts it will sell for $520,714.

The house is registered with the Historic Fredericksburg Foundation. See the Zillow listing for interior photographs.

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