It is believed that the house was built in the late 17th or early 18th century. At this time, the middle class in various cities of Russia began to construct stone houses.

The Suzdal Posad House was studied by three researchers: A. D. Varganov, Professor A. A. Tits, and the restoration project author N. I. Nemtsova. However, due to the lack of direct written sources, the dating of the house leads to different interpretations. Researchers also cannot precisely determine who the first owner of the house was: some believe it was a spiritual figure, while others think it belonged to a wealthy family of tavern keepers or bakers.

A. D. Varganov, relying on the land books of Suzdal from 1628-1629, names the owner of the house as a craftsman from the monastery settlement of Skuchilikh, a tailor from the Spaso-Evfimiev Monastery, Kostka Dobrynkin, and dates the house to the 20-30s of the 17th century. Previously, part of the house was dated to the end of the 17th century, while another part to the beginning of the 18th century, and was associated with the name of the Old Believer ideologist Nikita Pustosvyat.

Professor A. A. Tits, analyzing the architecture of the building, dates it to the early 18th century, noting the different times of its parts.

N. I. Nemtsova believes that indirect evidence for dating the house to the first third of the 18th century is a copper coin from 1734 found during restoration in the mortar that binds the bricks of the western volume of the house.

Among the first owners of the house mentioned in the Citizen's Books of the 18th century were the Suzdal merchants Bibanovs, who were engaged in baking and tavern trades. In the early 19th century, the house was sold to the neighbor of the Bibanovs, merchant M. Boldin.

Although the posad house is built of stone, its appearance shows features of wooden architecture. This is explained by the fact that at the turn of the 17th and 18th centuries, the wealthy middle class began to build stone houses instead of wooden ones.

The Suzdal stone house belongs to the simplest type of residential buildings, a one-chamber stone house. It consists of two buildings of different times and sizes, each covered with a separate gable roof. The western one-story volume with a covered entrance, resembling a basement entrance, is set into the ground. The eastern volume with a vaulted above-ground cellar was added later. Despite this, the house maintains integrity and unity of design.

The decoration of the house is modest: corner pilasters and at the junction of the two volumes, a simple profiled inter-floor belt and cornice, with only the window frames with "eyebrows" on the western facade and the portal with "rustication" being more ornate.

Since 1970, the Posad House has been a museum. It was acquired by the Vladimir-Suzdal Museum from the last owner, Sofia Mikhailovna Maltseva. In 1971-1972, restoration work was carried out according to the project of architect N. I. Nemtsova.

Based on archival documents and literature about the life of the posad people, using authentic items from the museum's collections, the interior of the 18th-century Suzdal baker and tavern keeper's house was recreated.

In the interior of the upper chamber, an important detail is the rectangular stove with relief-painted tiles. A large 18th-century oak chest, covered with strips of wrought iron, occupies a place of honor and has not left the house since the 18th century. The lower chamber features a variety of clay, copper, and wooden dishes necessary for the food and baking trades.

In 2018-2019, the Vladimir-Suzdal Museum-Reserve conducted further restoration work to restore the facade, roof, and porch of the Posad House.