NOT LISTED FOR SALE

1481 Rainbow Forest Dr Lynchburg, VA 24502

Estimated Value: $295,000 - $322,000

3 Beds
2 Baths
1,800 Sq Ft
$171/Sq Ft Est. Value

Last Sold April 18, 2022

Last sale price $254,900 $142 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,707/month

4 Days on Market

Highlights

  • Creek or Stream View
  • Ranch Style House
  • Community Pool
  • Multiple Fireplaces
  • Wood Flooring
  • Garden

About This Home

As of April 2022

Come see this Brookville School home that has been rehabbed brought from a rental to a desirable home Has a extra mini Kitchen downstairs with the a office or extra room and bath for family use Hardwood floors refinished new bathrooms and new Kitchen with Granite. I promise you you will not find another like this one in the price range its being offered, Large carport New Gutters Owner/ Agent

Last Agent to Sell the Property

Jimmy Marston

Mustard Seed Realty License #0225228613 Listed on: 03/17/2022

Last Buyer's Agent

Jimmy Marston

Mustard Seed Realty License #0225228613 Listed on: 03/17/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $685

Year Built

  • Built in 1962

Lot Details

  • 0.54 Acre Lot
  • Landscaped
  • Garden

Parking

  • 1 Carport Space

Home Design

  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • Multiple Fireplaces
  • Creek or Stream Views
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Finished Basement

  • Heated Basement
  • Interior and Exterior Basement Entry
  • Fireplace in Basement
  • Apartment Living Space in Basement
  • Laundry in Basement

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 11A6726

Community Details

Overview

  • Rainbow Forest Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$685

Year Built

Built in 1962

Lot Details

0

Listing Details

  • FILLACRES: 0.5417
  • Directions: timberlake rd to laxton to rainbow Forest to home on the left
  • ElementarySchool4: Tomahawk Elem
  • HighSchool4: Brookville High
  • Internet Providers: Shentel
  • Lot Measurement: Acres
  • Lot Sq Ft: 23596.00
  • MiddleSchool4: Brookville Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 11A6726
  • Year Built: 1962
  • FullBathBelowGrade: 1
  • Heating System: Heat Pump
  • Building Stories: One
  • Dwelling Styles: Ranch
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 18.000 x 12.000
  • Livingroom Len: 18.000
  • Livingroom Wid: 12.000
  • Masterbedroom Area: 156.000000
  • Master Bedroom Dim: 12.000 x 13.000
  • Masterbedroom Len: 12.000
  • Masterbedroom Wid: 13.000
  • Office Dim: 0.000 x 0.000
  • Other Room1 Area: 120.000000
  • Other Room1 Len: 12.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (2 0)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: RAINBOW FOREST LOT 26 - BK 7 S
  • Reciprocal Listing: No
  • Second Bedroom: 12x11 Level: Level 1 Above Grade
  • Second Bedroom Area: 132.000000
  • Third Bedroom: 12x11 Level: Level 1 Above Grade
  • Third Bedroom Area: 132.000000
  • Fourth Bedroom: 12x14 Level: Below Grade
  • Fourth Bedroom Area: 168.000000
  • Above Grade Finished Sq Ft: 1000.00
  • ApplianceConvey: Dishwasher, Range-Elec, Refrigerator, Self Cleaning Oven
  • Has Attic: Access
  • Has Basement: Apartment, Exterior Entrance, Finished, Fireplace, Heated, Interior Entrance
  • Flooring: Carpet, Hardwood, Vinyl
  • Year Built Exception: 0
  • Family Room: 25x12 Level: Below Grade
  • Fireplace: 2 Fireplaces
  • Level 1 Full Bathrooms: 1
  • Interior Amenities: Apartment, Cable Available, High Speed Data Aval, Main Level Bedroom, Smoke Alarm
  • Dining Kitchen: 18x12 Level: Level 1 Above Grade
  • Laundry: Basement
  • Living Room: 18x12 Level: Level 1 Above Grade
  • Master Bedroom: 12x13 Level: Level 1 Above Grade
  • Other Room 1: 12x10 Level: Below Grade
  • Additional Room 1 Description: SECOND KITCHEN
  • FamilyRoom Area: 300.000000
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 216.000000
  • LivingRoom Area: 216.000000
  • Est Other Room1 Dim: 12.000 x 10.000
  • 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
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Lot Number: 26
  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Pool Nearby, Paved Drive, Garden Space, Landscaped, Insulated Glass, Stream/Creek

Garage/Parking

  • Carport: 25x13 Level:
  • CarportParking: 1 Car
  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Heat Pump
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Rainbow Forest

Schools

  • School District: Campbell

Lot Info

  • Lot Sq Ft: 1800.00

Tax Info

  • Estimated Taxes: 685

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2022
Closed on
Apr 7, 2022
Sold by
E Juanita Milstead Irrevocable Trust
Bought by
Reynolds David and Thompson Vera
Seller's Agent
Jimmy Marston
Mustard Seed Realty
Buyer's Agent
Jimmy Marston
Mustard Seed Realty
List Price
$254,900
Sold Price
$254,900
Current Estimated Value
$307,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,910
Avg. Annual Appreciation
5.49%
Original Mortgage
$257,474
Outstanding Balance
$240,566
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$67,244
Source: Public Records

Range of Values:

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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
Reynolds David $254,900 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reynolds David $257,474
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2022 04/18/22 Sold $254,900 0.0% $142 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/17/2022 03/17/22 For Sale $254,900 -- $142 / 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 $1,155 $256,700 $45,000 $211,700
2024 $1,155 $256,700 $45,000 $211,700
2023 $1,155 $256,700 $45,000 $211,700
2022 $685 $131,700 $24,000 $107,700
2021 $685 $131,700 $24,000 $107,700
2020 $685 $118,100 $24,000 $94,100
2019 $685 $131,700 $24,000 $107,700
2018 $614 $118,100 $24,000 $94,100
2017 $614 $118,100 $24,000 $94,100
2016 $614 $118,100 $24,000 $94,100
2015 -- $118,100 $24,000 $94,100
2014 -- $109,700 $22,000 $87,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jimmy Marston

    Mustard Seed Realty

    (434) 610-7155

    11 in this area

    69 Total Sales

    Jimmy Marston
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 337038

APN: 011A-06007-026-0

Virginia Campbell County Lynchburg 24502

1481 Rainbow Forest Dr, Lynchburg, VA

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