NOT LISTED FOR SALE

1426 Rainbow Forest Dr Lynchburg, VA 24502

Estimated Value: $290,000 - $399,000

4 Beds
3 Baths
3,130 Sq Ft
$113/Sq Ft Est. Value

Last Sold August 29, 2024

Last sale price $387,500 $124 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $1,913/month

9 Days on Market

Highlights

  • Living Room with Fireplace
  • Game Room
  • Den
  • Freestanding Bathtub
  • Community Pool
  • Laundry Room

About This Home

As of August 2024

This beautifully renovated 4-bedroom, 3-bathroom ranch, located in the Campbell County/Brookville School district, has been updated from top to bottom! Highlights include a new roof, water heater, flooring, paint, bathrooms, and appliances. The main level features a roomy living area with a fireplace, a kitchen with stainless steel appliances, a dining room, a primary suite with a stunning bathroom, a second bedroom, a guest bath, a sunroom, and a deck. Downstairs, you'll find a generous additional living space with fireplace (ideal for a game room!), a kitchenette, two more bedrooms, and another full bath. Plus, the property includes a one-car garage and a spacious backyard with a privacy fence; all on a corner lot, making this home a must-see! Call your favorite agent to get your showing scheduled today!

Last Agent to Sell the Property

Krystle Hicks

NextHome TwoFourFive License #0225236413 Listed on: 07/28/2024

NextHome TwoFourFive

Last Buyer's Agent

Thomas Wolcott

NextHome TwoFourFive License #0225104143

NextHome TwoFourFive

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $675

Year Built

  • Built in 1965

Lot Details

  • 0.57 Acre Lot
  • Privacy Fence
  • Landscaped

Home Design

  • Shingle Roof

Interior Spaces

  • 3,130 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Multiple Fireplaces
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Den
  • Game Room
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Kitchenette
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • Freestanding Bathtub
  • Bathtub Includes Tile Surround

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Fireplace in Basement
  • Laundry in Basement

Parking

  • Garage
  • Basement Garage
  • Off-Street Parking

Schools

  • Tomahawk Elementary School
  • Brookville Midl Middle School
  • Brookville High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

Recreation

  • Community Pool

Building Details

  • Net Lease

Home Details

Home Type

Single Family

Est. Annual Taxes

$675

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Directions: From Waterlick Rd turn right onto Rainbow Forest. 1426 Rainbow Forest will be on left.
  • Days On Market: No
  • Prop. Type: Residential
  • Year Built: 1965
  • FullBathBelowGrade: 1
  • Garage Yn: Yes
  • Property Sub-Type: Single Family Residence
  • Above Grade Finished Sq Ft: 1480.00
  • Architectural Style: Ranch
  • Laundryroom Dim: 8.000 x 5.000
  • Office Dim: 0.000 x 0.000
  • Laundryroom Len: 8.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 3.00
  • Bathrooms Display: 3 (3 0)
  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Has Attic: Access
  • Has Basement: Exterior Entrance, Finished, Fireplace, Full, Game Room, Garage, Heated, Interior Entrance, Walkout
  • Flooring: Tile, Vinyl Plank
  • Family Room: 35x19 Level: Below Grade
  • Formal Dining: 11x12 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 2
  • Interior Amenities: Cable Available, Ceiling Fan(s), Free-Standing Tub, Main Level Bedroom, Primary Bed w/Bath, Smoke Alarm, Tile Bath(s)
  • Dining Kitchen: 13x12 Level: Level 1 Above Grade
  • Laundry: Basement, Dryer Connection, Laundry Room, Washer Connections
  • Laundry Room: 8x5 Level: Below Grade
  • Living Room: 20x13 Level: Level 1 Above Grade
  • Master Bedroom: 11x16 Level: Level 1 Above Grade
  • Other Room 1: 17x6 Level: Below Grade
  • Additional Room 1 Description: Kitchenette
  • Sun Room: 13x25 Level: Level 1 Above Grade
  • Appliances: Dishwasher, Microwave, Range-Elec, Refrigerator
  • Fireplace: 2 Fireplaces, Den, Living Room, Wood Burning
  • Stories: One
  • Third Bedroom: 17x13 Level: Below Grade
  • Fourth Bedroom: 10x11 Level: Below Grade
  • Second Bedroom: 11x12 Level: Level 1 Above Grade
  • Room Family Room Area: 665.000000
  • Room Bedroom3 Area: 221.000000
  • Room Master Bedroom Area: 176.000000
  • Room Bedroom4 Area: 110.000000
  • Room Kitchen Area: 156.000000
  • Room Living Room Area: 260.000000
  • Room Bedroom2 Area: 132.000000
  • MasterBedroomDimensions Dim: 11.000 x 16.000
  • Kitchen Dim: 13.000 x 12.000
  • Sunroom Dim: 13.000 x 25.000
  • Master Bedroom Master Bedroom Width: 16.000

Exterior Features

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Deck, Off-Street Parking, Pool Nearby, Paved Drive, Privacy Fence, Landscaped

Garage/Parking

  • Garage Area: 325.000000
  • Garage Dim: 13.000 x 25.000
  • GarageLen: 13.000
  • GarageWid: 25.000
  • General Property Description:_pound_ Attached Garage Spaces: 1 Car
  • Garage Description: In Basement

Utilities

  • Cooling: Heat Pump
  • Sewer: Septic Tank
  • Water Heater: Electric
  • Heating: Heat Pump
  • Water Source: County

Schools

  • Elementary School: Tomahawk Elem
  • High School: Brookville High
  • Middle School: Brookville Midl
  • Junior High Dist: Campbell

Lot Info

  • Zoning: R-1
  • Acres: 0.5700
  • Lot Size Sq Ft: 24829.00
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 675

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2024
Closed on
Aug 26, 2024
Sold by
Wbw Investments Llc
Bought by
Nichols Brandon J and Nichols Anna L
Seller's Agent
Krystle Hicks
NextHome TwoFourFive
Buyer's Agent
Thomas Wolcott
NextHome TwoFourFive
List Price
$399,900
Sold Price
$387,500
Premium/Discount to List
-$12,400
-3.1%
Views
37
Current Estimated Value
$352,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,734
Avg. Annual Appreciation
-7.71%
Original Mortgage
$337,500
Outstanding Balance
$333,917
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$18,849

Purchase Details

Listed on
May 7, 2024
Closed on
May 23, 2024
Sold by
Rogers Linda M
Bought by
Wbw Investments Llc
Seller's Agent
Brandi Smith
Signature One Realtors, LLC
Buyer's Agent
Brandi Smith
Signature One Realtors, LLC
List Price
$235,000
Sold Price
$215,000
Premium/Discount to List
-$20,000
-8.51%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
719.77%

Purchase Details

Listed on
May 7, 2024
Closed on
Apr 22, 2024
Sold by
Rogers Linda M
Bought by
Wbw Investments Llc
Seller's Agent
Brandi Smith
Signature One Realtors, LLC
Buyer's Agent
Brandi Smith
Signature One Realtors, LLC
List Price
$235,000
Sold Price
$215,000
Premium/Discount to List
-$20,000
-8.51%
Views
3
Source: Public Records

Range of Values:

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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
Nichols Brandon J $387,500 Chicago Title
Wbw Investments Llc -- None Listed On Document
Wbw Investments Llc $215,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nichols Brandon J $337,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2024 08/29/24 Sold $387,500 -3.1% $124 / Sq Ft
08/06/2024 08/06/24 Pending -- -- --
07/28/2024 07/28/24 For Sale $399,900 +86.0% $128 / Sq Ft
05/17/2024 05/17/24 Sold $215,000 -8.5% $69 / Sq Ft View Prior Sale
05/07/2024 05/07/24 Pending -- -- --
05/07/2024 05/07/24 For Sale $235,000 -- $75 / Sq Ft
Source: Lynchburg Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $801 $178,000 $45,000 $133,000
2024 $801 $178,000 $45,000 $133,000
2023 $801 $178,000 $45,000 $133,000
2022 $675 $129,800 $24,000 $105,800
2021 $675 $129,800 $24,000 $105,800
2020 $675 $125,800 $24,000 $101,800
2019 $675 $129,800 $24,000 $105,800
2018 $654 $125,800 $24,000 $101,800
2017 $654 $125,800 $24,000 $101,800
2016 $654 $125,800 $24,000 $101,800
2015 -- $125,800 $24,000 $101,800
2014 -- $119,700 $22,000 $97,700
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Krystle Hicks

    NextHome TwoFourFive

    (434) 851-0004

    4 in this area

    65 Total Sales

    Krystle Hicks
    Section Image

  • B

    Seller's Agent in 2024

    Brandi Smith

    Signature One Realtors, LLC

    (434) 942-7003

    7 in this area

    45 Total Sales

    Brandi Smith
    Section Image

  • T

    Buyer's Agent in 2024

    Thomas Wolcott

    NextHome TwoFourFive

    (434) 382-1828

    6 in this area

    106 Total Sales

    Thomas Wolcott
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 353728

APN: 11A-6-6-1

Virginia Campbell County Lynchburg 24502

1426 Rainbow Forest Dr, Lynchburg, VA

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