One of the pricier area home listings in recent years has found its new owner after two years on the market.
The 10,000-square-foot mansion at 4300 Sulgrave Road, across from Agecroft Hall and Virginia House in Windsor Farms, sold Friday for $3.25 million, below its latest list price of $3.5 million.
The five-bedroom house with five bathrooms and four half-baths was originally listed in September 2020 at $4.5 million. It was reduced in price several times over the years and went under contract in mid-August.
The buyer is Jim Starkey, a retired vice president of Richmond-based tobacco giant Universal Corp., who is relocating with his wife Judi from their previous home in southeastern Hanover County. Around the time he put the house under contract Starkey listed their 40-acre Walnut Hill estate, which at $2.7 million has a contract pending.
The seller of 4300 Sulgrave was former Dominion Energy Chairman and CEO Thomas Capps, who purchased it through a private listing for $4 million in 2005.
The 1.2-acre property is assessed by the city at $4.4 million.
Sue Farrell with Joyner Fine Properties and Lucy Williams with The Steele Group | Sotheby’s International Realty co-listed the property for Capps and his wife Sandra. Farrell and Williams brokered the 2005 off-market transaction between Capps and previous owner Joan Massey, the late wife of E. Morgan Massey, former chairman and CEO of A.T. Massey Coal Co.
Farrell has said the Cappses are downsizing but remaining in the area while maintaining other properties they own out-of-state.
Starkey was represented by Long & Foster’s Jeff and Marianne Donahue. The husband-and-wife team, out of the brokerage’s Grove office, have represented Starkey in multiple deals and are his listing agents on Walnut Hill.
Situated on a double lot totaling 1¼ acres, 4300 Sulgrave was designed by noted architect Clarence Huff and built in 1959. The 2½-story brick house includes a foyer with curved staircase, a walnut-paneled library with one of four fireplaces, an elevator, and a solarium that leads to a bluestone terrace with a pergola and fountain.
All the bedrooms are upstairs with updated bathrooms, and the master suite includes a sitting room, fireplace and two walk-in closets. A lower level includes a second family room with wet bar and wine cellar.
Outside, Charles Gillette-designed gardens frame the property that includes additional fountains, sculptures and plantings that screen a pool and pool house with a kitchen. The house also includes an attached three-car garage.
The purchase is a return to the city for the Starkeys after six years of farm life at Walnut Hill, an estate in Rockville that was once part of a 450-acre farm owned by the late Harwood and Louise Cochrane, one of Richmond’s most philanthropic couples. Harwood Cochrane founded Overnite Transportation, which he sold to UPS in 1986 for $1.2 billion.
Jeff Donahue said the Starkeys decided to move back to the city to be closer to family and friends.
“Sulgrave was the only home they looked at and Jim was familiar with the home and had always been impressed with the architectural details, grand-scale formal rooms as well as a large corner lot that provided privacy,” Donahue said.
Before Walnut Hill, the Starkeys resided at 7401 Riverside Drive, a contemporary home on a bluff overlooking the James River. House restorer Laurie Petronis, who bought the home in 2017, listed it for sale last week for $2.5 million. Long & Foster’s Jolanda Knezevich has that listing.