NOT LISTED FOR SALE

102 Rainbow Dr Arrington, VA 22922

Estimated Value: $329,177 - $373,000

2 Beds
2 Baths
1,560 Sq Ft
$227/Sq Ft Est. Value

Last Sold March 23, 2016

Last sale price $153,400 $98 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $2,042/month

403 Days on Market

Highlights

  • Ski Accessible
  • Community Lake
  • Ranch Style House
  • Mountain View
  • Wood Burning Stove
  • Wood Flooring

About This Home

As of March 2016

This one-owner, custom-built 1560 fin. sq. ft. ranch on 1.05 landscaped acres offers oak floors, pine cabinetry and wainscoting, 10'x29' Sunroom w/ceramic flr., 17'x22' Great Rm., built-in bookcases & desk in 9'x29' Office, skylights, full walk-out basement for further expansion & plumbed for bath. Heat pump w/wood stove for supplemental heat. Located just minutes off 29 in Colleen and convenient to medical, schools & shopping. Enjoy mountain views from your front yard. Seller Wants Offers!

Last Agent to Sell the Property

Carole Saunders

Montague Miller And Co.-Amher License #0225157195 Listed on: 02/05/2015

Last Buyer's Agent

Carole Saunders

Montague Miller And Co.-Amher License #0225157195 Listed on: 02/05/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,375

Year Built

  • Built in 1992

Lot Details

  • 1.05 Acre Lot
  • Landscaped
  • Garden

Home Design

  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • 1,560 Sq Ft Home
  • Ceiling Fan
  • Skylights
  • Wood Burning Stove
  • Great Room
  • Workshop
  • Mountain Views

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Attic

  • Attic Fan
  • Attic Access Panel

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Workshop
  • Rough-In Basement Bathroom

Schools

  • Tye River Elementary School
  • Nelson Midl Middle School
  • Nelson County High School

Utilities

  • Window Unit Cooling System
  • Heat Pump System
  • Heating System Uses Propane
  • Underground Utilities
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 76-A-67M

Community Details

Overview

  • Payne Subdivision
  • Community Lake

Recreation

  • Ski Accessible

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,375

Year Built

Built in 1992

Lot Details

1.05 Acres

Listing Details

  • FILLACRES: 1.0500
  • AssocFeeOptional: None
  • Directions: US 29 N. into Nelson, R. on Rainbow Dr. which is just below Blue Ridge Medical Center. House on R.
  • ElementarySchool8: Tye River Elem
  • HighSchool8: Nelson County High
  • Lot Measurement: Acres
  • Lot Sq Ft: 45738.00
  • MiddleSchool8: Nelson Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 76-A-67M
  • Year Built: 1992
  • Heating System: Heat Pump, Propane, Wood Stove
  • Building Stories: One
  • Dwelling Styles: Ranch
  • Laundryroom Dim: 4.400 x 5.000
  • Laundryroom Len: 4.400
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 150.000000
  • Master Bedroom Dim: 12.000 x 12.500
  • Masterbedroom Len: 12.000
  • Masterbedroom Wid: 12.500
  • Office Dim: 9.700 x 29.400
  • Sun Room Len: 10.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (2 0)
  • Lower Floor 1 Bedrooms: 2
  • Broker Approved: Yes
  • Legal Description: Tax Map 76-A-77M, 1.05 ac. w/Improvements
  • Reciprocal Listing: No
  • Second Bedroom: 11.60x12 Level: Level 1 Above Grade
  • Second Bedroom Area: 139.200000
  • Above Grade Finished Sq Ft: 1560.00
  • ApplianceConvey: Dishwasher, Disposal, Range-Elec
  • Has Attic: Access
  • Has Basement: Exterior Entrance, Full, Interior Entrance, Roughed in Bath, Walkout, Workshop
  • Breakfast Area: 6.80x9.11 Level: Level 1 Above Grade
  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Year Built Exception: 0
  • Deck: 8x8 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 2
  • Great Room: 17x22 Level: Level 1 Above Grade
  • Interior Amenities: Ceiling Fan(s), Drywall, Great Room, Main Level Bedroom, Main Level Den, Master Bed w/ Bath, Skylights, Workshop
  • Dining Kitchen: 16.70x11.70 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Main Level, Washer Connections
  • Laundry Room: 4.40x5 Level: Level 1 Above Grade
  • Master Bedroom: 12x12.50 Level: Level 1 Above Grade
  • Office: 9.70x29.40 Level: Level 1 Above Grade
  • Sun Room: 10x29.40 Level: Level 1 Above Grade
  • GreatRoom Area: 374.000000
  • Livinggreat Room Dim: 17.000 x 22.000
  • Kitchen Area: 195.390000
  • Laundry Room Area: 22.000000
  • Office Area: 285.180000
  • Est Other Room1 Dim: 0.000 x 0.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Dim: 0.000 x 0.000
  • Sun Room Area: 294.000000
  • Sunroom Dim: 10.000 x 29.400

Exterior Features

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Paved Drive, Garden Space, Landscaped, Undergrnd Utilities, Mountain Views, Lake Nearby, Ski Slope Nearby

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Attic Fan, Heat Pump, Window Unit(s)
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Payne Subdivision

Schools

  • School District: Nelson

Lot Info

  • Lot Sq Ft: 1560.00

Tax Info

  • Estimated Taxes: 1375

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2015
Closed on
Mar 22, 2016
Sold by
Habel Billy L and Habel Carlisle D
Bought by
Hammack Rodney L and Hammack Melissa R
Seller's Agent
Carole Saunders
Montague Miller And Co.-Amher
Buyer's Agent
Carole Saunders
Montague Miller And Co.-Amher
List Price
$210,000
Sold Price
$153,400
Premium/Discount to List
-$56,600
-26.95%
Current Estimated Value
$354,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,894
Avg. Annual Appreciation
8.71%
Original Mortgage
$148,031
Outstanding Balance
$118,015
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$236,279
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hammack Rodney L $153,400 Partners Escrow & Title Clos
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hammack Rodney L $148,031
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2016 03/23/16 Sold $153,400 -27.0% $98 / Sq Ft
03/14/2016 03/14/16 Pending -- -- --
02/05/2015 02/05/15 For Sale $210,000 -- $135 / Sq Ft
Source: Lynchburg Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,791 $275,500 $20,000 $255,500
2024 $1,791 $275,500 $20,000 $255,500
2023 $1,791 $275,500 $20,000 $255,500
2022 $1,791 $275,500 $20,000 $255,500
2021 $1,498 $208,000 $20,000 $188,000
2020 $1,498 $208,000 $20,000 $188,000
2019 $1,498 $208,000 $20,000 $188,000
2018 $1,498 $208,000 $20,000 $188,000
2017 $1,374 $190,900 $20,000 $170,900
2016 $1,374 $190,900 $20,000 $170,900
2015 $1,374 $190,900 $20,000 $170,900
2014 $1,374 $190,900 $20,000 $170,900
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Carole Saunders

    Montague Miller And Co.-Amher

See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 290037

APN: 76-A-67M

Virginia Nelson County Arrington 22922

102 Rainbow Dr, Arrington, VA

Not Listed for Sale

Detached

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