NOT LISTED FOR SALE

1788 Rainbow Forest Dr Lynchburg, VA 24502

Timberlake Neighborhood

Estimated Value: $298,000 - $372,000

4 Beds
3 Baths
2,026 Sq Ft
$157/Sq Ft Est. Value

Last Sold July 19, 2019

Last sale price $194,900 $96 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,809/month

9 Days on Market

Highlights

  • Ranch Style House
  • Workshop
  • Fenced Yard
  • Wood Flooring
  • Formal Dining Room
  • Walk-In Closet

About This Home

As of July 2019

Don't Wait on This One! Thoughtfully upgraded brick Ranch in the sought after Rainbow Forest subdivision. Brookville schools, low Campbell county taxes! Spacious Kitchen that opens to the Dining Room. HVAC, roof, and all 3 Baths updated within the last 3 years. Master Bedroom with its en-suite bathroom was opened up and a dream walk-in Closet was created complete with high Quality, built-in storage. Gorgeous hardwood floors on main level. Fiber optic cable for High Speed Internet compliments the basement Media Room pre-wired for Alexa. Nest Thermostat on main level. Downstairs, you will find a Full Bathroom and Spacious Bedroom with a Living Area that is currently being used as a Workout Room. Use the space as is or convert to an extra living arrangement for a teen/guest/AirBnB usage. New vinyl plank flooring throughout basement. Fenced backyard with an inviting fire pit for those campfire Smores and lightning bug watching.

Last Agent to Sell the Property

Kari Carlile

NextHome TwoFourFive License #0225224733 Listed on: 06/05/2019

NextHome TwoFourFive

Last Buyer's Agent

Tricia Anderson

Property Mgmt. Specialists License #0225071685

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $714

Year Built

  • Built in 1962

Lot Details

  • 0.48 Acre Lot
  • Fenced Yard
  • Landscaped
  • Garden

Home Design

  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • 2,026 Sq Ft Home
  • Wired For Sound
  • Ceiling Fan
  • Formal Dining Room
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bathtub Includes Tile Surround

Attic

  • Attic Access Panel
  • Scuttle Attic Hole

Finished Basement

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

Community Details

  • Rainbow Forest Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$714

Year Built

Built in 1962

Lot Details

0

Listing Details

  • FILLACRES: 0.4750
  • Directions: From Timberlake, take Laxton Road straight to Rainbow Forest. 1788 is on your right.
  • ElementarySchool4: Tomahawk Elem
  • HighSchool4: Brookville High
  • Internet Providers: Shentel
  • Lot Measurement: Acres
  • Lot Sq Ft: 20691.00
  • MiddleSchool4: Brookville Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • 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: 15.000 x 14.000
  • Livingroom Len: 15.000
  • Livingroom Wid: 14.000
  • Masterbedroom Area: 238.000000
  • Master Bedroom Dim: 17.000 x 14.000
  • Masterbedroom Len: 17.000
  • Masterbedroom Wid: 14.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 3.00
  • Bathrooms Display: 3 (3 0)
  • Lower Floor 1 Bedrooms: 4
  • Broker Approved: Yes
  • Legal Description: POPLAR HILLS LOT 9 BK 2 SEC A
  • Reciprocal Listing: No
  • Second Bedroom: 9x9 Level: Level 1 Above Grade
  • Second Bedroom Area: 81.000000
  • Third Bedroom: 10x10 Level: Level 1 Above Grade
  • Third Bedroom Area: 100.000000
  • Fourth Bedroom: 12x13 Level: Below Grade
  • Fourth Bedroom Area: 156.000000
  • Above Grade Finished Sq Ft: 1263.00
  • ApplianceConvey: Dishwasher, Range-Elec, Refrigerator
  • Has Attic: Access, Scuttle
  • Has Basement: Exterior Entrance, Finished, Full, Heated, Interior Entrance, Walkout, Workshop
  • Flooring: Ceramic Tile, Hardwood, Other
  • Year Built Exception: 0
  • Formal Dining: 10x14 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 2
  • Interior Amenities: Cable Available, Cable Connections, Ceiling Fan(s), Drywall, High Speed Data Aval, Main Level Bedroom, Master Bed w/ Bath, Multi Media Wired, Rods, Separate Dining Room, Smoke Alarm, Tile Bath(s), Walk-In Closet(s)
  • Dining Kitchen: 14x15 Level: Level 1 Above Grade
  • Laundry: Basement, Dryer Connection, Washer Connections
  • Living Room: 15x14 Level: Level 1 Above Grade
  • Master Bedroom: 17x14 Level: Level 1 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 210.000000
  • LivingRoom Area: 210.000000
  • 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: Paved Drive, Fenced Yard, Garden Space, Landscaped, Insulated Glass

Garage/Parking

  • 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
  • School District: Campbell

Lot Info

  • Lot Sq Ft: 2026.00

Tax Info

  • Estimated Taxes: 714

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2019
Closed on
Jul 15, 2019
Sold by
Watson James W and Watson Rebecca H
Bought by
Watson Zachary and Watson Brittany
Seller's Agent
Kari Carlile
NextHome TwoFourFive
Buyer's Agent
Tricia Anderson
Property Mgmt. Specialists
List Price
$194,900
Sold Price
$194,900
Current Estimated Value
$318,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,215
Avg. Annual Appreciation
7.89%
Original Mortgage
$191,369
Outstanding Balance
$166,824
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$143,560

Purchase Details

Listed on
Jul 18, 2016
Closed on
Sep 21, 2016
Sold by
Alford Jason
Bought by
Watson James W and Watson Rebecca H
Seller's Agent
Daniel Henderson
DeWitt Real Estate & Auctions
Buyer's Agent
Patricia Lovern
John Stewart Walker, Inc
List Price
$169,900
Sold Price
$165,000
Premium/Discount to List
-$4,900
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.20%
Original Mortgage
$165,000
Interest Rate
3.43%
Mortgage Type
VA

Purchase Details

Listed on
Jan 26, 2016
Closed on
Apr 19, 2016
Sold by
United States Of America
Bought by
Alford Jason
Seller's Agent
Dwayne Epperly
KELLER WILLIAMS REALTY ROANOKE
Buyer's Agent
Tommy DeWitt
DEWITT, TOM, INC
List Price
$84,500
Sold Price
$82,000
Premium/Discount to List
-$2,500
-2.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
342.70%
Original Mortgage
$104,700
Interest Rate
3.68%
Mortgage Type
Credit Line Revolving
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
Watson Zachary $194,900 Absolute Title & Settlement
Watson James W $165,000 Attorney
Alford Jason $82,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watson Zachary $38,000
Closed Watson Zachary $3,263
Open Watson Zachary $191,369
Previous Owner Watson James W $165,000
Previous Owner Alford Jason $104,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2019 07/19/19 Sold $194,900 0.0% $96 / Sq Ft
06/14/2019 06/14/19 Pending -- -- --
06/05/2019 06/05/19 For Sale $194,900 +18.1% $96 / Sq Ft
10/10/2016 10/10/16 Sold $165,000 -2.9% $78 / Sq Ft
10/06/2016 10/06/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $169,900 +107.2% $81 / Sq Ft
04/21/2016 04/21/16 Sold $82,000 -3.0% $45 / Sq Ft
03/20/2016 03/20/16 Pending -- -- --
01/26/2016 01/26/16 For Sale $84,500 -- $46 / 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 $945 $210,000 $45,000 $165,000
2024 $945 $210,000 $45,000 $165,000
2023 $945 $210,000 $45,000 $165,000
2022 $824 $158,500 $24,000 $134,500
2021 $824 $158,500 $24,000 $134,500
2020 $824 $137,300 $24,000 $113,300
2019 $137 $158,500 $24,000 $134,500
2018 $714 $137,300 $24,000 $113,300
2017 $714 $137,300 $24,000 $113,300
2016 -- $137,300 $24,000 $113,300
2015 -- $137,300 $24,000 $113,300
2014 -- $132,500 $22,000 $110,500
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Kari Carlile

    NextHome TwoFourFive

    (434) 221-5393

    3 in this area

    78 Total Sales

    Kari Carlile
    Section Image
  • Tricia Anderson

    Buyer's Agent in 2019

    Tricia Anderson

    Property Mgmt. Specialists

    (434) 849-8693

    3 in this area

    9 Total Sales

    Tricia Anderson
    Section Image

  • D

    Seller's Agent in 2016

    Daniel Henderson

    DeWitt Real Estate & Auctions

  • D

    Seller's Agent in 2016

    Dwayne Epperly

    KELLER WILLIAMS REALTY ROANOKE

    (540) 314-0210

    91 Total Sales

    Dwayne Epperly
    Section Image

  • T

    Seller Co-Listing Agent in 2016

    Tommy DeWitt

    DeWitt Real Estate & Auctions

    Section Image

  • P

    Buyer's Agent in 2016

    Patricia Lovern

    John Stewart Walker, Inc

See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 319024

APN: 012H-02002-009-0

Virginia Campbell County Lynchburg 24502 Timberlake

1788 Rainbow Forest Dr, Lynchburg, VA

This home is located at 1788 Rainbow Forest Dr, Lynchburg, VA 24502 since 05 June 2019 and is currently estimated at $318,115, approximately $157 per square foot. This property was built in 1962. 1788 Rainbow Forest Dr is a home located in Campbell County with nearby schools including Tomahawk Elementary School, Brookville Middle School, and Brookville High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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