NOT LISTED FOR SALE

1601 Rainbow Forest Dr Lynchburg, VA 24502

Estimated Value: $248,000 - $272,000

3 Beds
1.5 Baths
1,676 Sq Ft
$155/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $245,000 $146 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,426/month

6 Days on Market

Highlights

  • Ranch Style House
  • Laundry Room
  • Outdoor Storage
  • Wood Under Carpet
  • En-Suite Primary Bedroom
  • Landscaped

About This Home

As of August 2023

Welcome to 1601 Rainbow Forest Drive! This meticulously maintained home sits beautifully landscaped in the Brookville School district, boasting 3 bedrooms, 1.5 half baths, and a finished basement space featuring a built in buffet/bar and plenty of storage! There is a deck in the back, perfect for relaxing with a cup of coffee, or entertaining with friends/family. This home has been so well maintained, that while everything is original, it is move in ready; or if you want to add some more modern touches, there is room for that as well, especially with the hardwoods under the carpet! Schedule your showing today!

Last Agent to Sell the Property

Heather Watson

Keller Williams License #0225234549 Listed on: 08/04/2023

Keller Williams

Last Buyer's Agent

Michele Jordan

Realty ONE Group Leading Edge License #0225080927

Realty ONE Group Leading Edge

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,100

Year Built

  • Built in 1965

Lot Details

  • 0.45 Acre Lot
  • Landscaped

Parking

  • Off-Street Parking

Home Design

  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • 1,676 Sq Ft Home
  • Attic Access Panel
  • Electric Range

Flooring

  • Wood Under Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Laundry in Basement

Outdoor Features

  • Outdoor Storage

Schools

  • Yellow Branch Elementary School
  • Brookville Midl Middle School
  • Brookville High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 12H-2-1-12

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,100

Year Built

Built in 1965

Lot Details

0

Listing Details

  • FILLACRES: 0.4500
  • BuildingOnProperty: Storage Building
  • Directions: From Timberlake, turn onto Laxton Road, home is on the left
  • ElementarySchool4: Yellow Branch Elem
  • HighSchool4: Brookville High
  • Lot Measurement: Acres
  • Lot Sq Ft: 19602.00
  • MiddleSchool4: Brookville Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 12H-2-1-12
  • Year Built: 1965
  • Heating System: Forced Warm Air-Gas, Forced Warm Air-Oil
  • Building Stories: One
  • Dwelling Styles: Ranch
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 20.000 x 15.000
  • Livingroom Len: 20.000
  • Livingroom Wid: 15.000
  • Masterbedroom Area: 144.000000
  • Master Bedroom Dim: 12.000 x 12.000
  • Masterbedroom Len: 12.000
  • Masterbedroom Wid: 12.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (1 1)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: POPLAR HILLS LOT 12 BK 1 SEC A
  • Reciprocal Listing: No
  • Second Bedroom: 10x10 Level: Level 1 Above Grade
  • Second Bedroom Area: 100.000000
  • Third Bedroom: 11x11 Level: Level 1 Above Grade
  • Third Bedroom Area: 121.000000
  • Above Grade Finished Sq Ft: 1125.00
  • ApplianceConvey: Dryer, Range-Elec, Refrigerator, Washer
  • Has Attic: Access
  • Has Basement: Exterior Entrance, Finished, Partial
  • Breakfast Area: 5x7 Level:
  • Flooring: Carpet Over Hardwood, Vinyl
  • Year Built Exception: 0
  • Level 1 Full Bathrooms: 1
  • First Level Half Bathrooms: 1
  • Interior Amenities: Main Level Bedroom, Master Bed w/ Bath
  • Dining Kitchen: 10x13 Level: Level 1 Above Grade
  • Laundry: Basement, Separate Laundry Rm.
  • Living Room: 20x15 Level:
  • Master Bedroom: 12x12 Level: Level 1 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 130.000000
  • LivingRoom Area: 300.000000
  • 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
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Off-Street Parking, Paved Drive, Landscaped

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Central Electric
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Campbell

Lot Info

  • Lot Sq Ft: 1676.00

Tax Info

  • Estimated Taxes: 1100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2023
Closed on
Aug 29, 2023
Sold by
Mayberry Regina A
Bought by
Tbs Investments Llc
Seller's Agent
Heather Watson
Keller Williams
Buyer's Agent
Michele Jordan
Realty ONE Group Leading Edge
List Price
$234,900
Sold Price
$245,000
Premium/Discount to List
$10,100
4.3%
Views
429
Current Estimated Value
$259,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,330
Avg. Annual Appreciation
2.67%
Original Mortgage
$208,250
Outstanding Balance
$203,682
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving
Estimated Equity
$55,648
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
Tbs Investments Llc $245,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tbs Investments Llc $208,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Sold $245,000 +4.3% $146 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $234,900 -- $140 / 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 $820 $182,300 $45,000 $137,300
2024 $820 $182,300 $45,000 $137,300
2023 $820 $182,300 $45,000 $137,300
2022 $734 $141,100 $24,000 $117,100
2021 $734 $141,100 $24,000 $117,100
2020 $734 $130,500 $24,000 $106,500
2019 $734 $141,100 $24,000 $117,100
2018 $679 $130,500 $24,000 $106,500
2017 $679 $130,500 $24,000 $106,500
2016 $679 $130,500 $24,000 $106,500
2015 -- $130,500 $24,000 $106,500
2014 -- $124,900 $22,000 $102,900
Source: Public Records

Agents Affiliated with this Home

  • Heather Watson

    Seller's Agent in 2023

    Heather Watson

    Keller Williams

    (434) 258-0022

    6 in this area

    157 Total Sales

    Heather Watson
    Section Image
  • Michele Jordan

    Buyer's Agent in 2023

    Michele Jordan

    Realty ONE Group Leading Edge

    (434) 610-1333

    10 in this area

    125 Total Sales

    Michele Jordan
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 345610

APN: 12H-2-1-12

Virginia Campbell County Lynchburg 24502

1601 Rainbow Forest Dr, Lynchburg, VA

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