NOT LISTED FOR SALE

1850 Rainbow Forest Dr Lynchburg, VA 24502

Timberlake Neighborhood

Estimated Value: $236,000 - $317,000

3 Beds
1 Bath
1,756 Sq Ft
$160/Sq Ft Est. Value

Last Sold October 11, 2023

Last sale price $208,000 $118 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,596/month

3 Days on Market

Highlights

  • Ranch Style House
  • Fenced Yard
  • Garden
  • Wood Flooring
  • Fireplace
  • Landscaped

About This Home

As of October 2023

Brick ranch home in Brookville school district. Basement has a room being used a bedroom. Good investment.

Last Agent to Sell the Property

Franklin Viar

Century 21 ALL-SERVICE License #0225098711 Listed on: 09/05/2023

Century 21 ALL-SERVICE

Co-Listed By

Connie Meeks

Century 21 ALL-SERVICE License #0225257788

Last Buyer's Agent

Shane Timberlake

Karl Miller Realty LLC License #0225247602

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $500

Year Built

  • Built in 1962

Lot Details

  • 0.46 Acre Lot
  • Fenced Yard
  • Landscaped
  • Garden

Home Design

  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • 1,756 Sq Ft Home
  • Ceiling Fan
  • Fireplace
  • Scuttle Attic Hole
  • Electric Range
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Wood Under Carpet
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Heated Basement
  • Interior and Exterior Basement Entry
  • Laundry in Basement

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

  • Rainbow Forest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12H-2-2-5

Home Details

Home Type

Single Family

Est. Annual Taxes

$500

Year Built

Built in 1962

Lot Details

0

Listing Details

  • FILLACRES: 0.4600
  • Directions: Timberlake Rd to Laxton Rd to Rainbow Forest Dr. House is on the right.
  • ElementarySchool4: Tomahawk Elem
  • HighSchool4: Brookville High
  • Internet Providers: Verizon
  • Lot Measurement: Acres
  • Lot Sq Ft: 20038.00
  • MiddleSchool4: Brookville Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 12H-2-2-5
  • Year Built: 1962
  • Heating System: Heat Pump
  • Building Stories: One
  • Dwelling Styles: Ranch
  • Officeden Len: 24.000
  • Officeden Wid: 12.000
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 13.000 x 15.000
  • Livingroom Len: 13.000
  • Livingroom Wid: 15.000
  • Masterbedroom Area: 110.000000
  • Master Bedroom Dim: 11.000 x 10.000
  • Masterbedroom Len: 11.000
  • Masterbedroom Wid: 10.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 1.00
  • Bathrooms Display: 1 (1 0)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: POPLAR HILLS LOT 5, BK 2, SEC A
  • Reciprocal Listing: No
  • Second Bedroom: 10x9 Level: Level 1 Above Grade
  • Second Bedroom Area: 90.000000
  • Third Bedroom: 10x9 Level: Level 1 Above Grade
  • Third Bedroom Area: 90.000000
  • Above Grade Finished Sq Ft: 1296.00
  • ApplianceConvey: Cooktop, Range-Elec, Refrigerator
  • Has Attic: Scuttle
  • Has Basement: Exterior Entrance, Heated, Interior Entrance, Partitioned
  • Breakfast Area: 13x10 Level: Level 1 Above Grade
  • Flooring: Carpet, Carpet Over Hardwood, Hardwood, Vinyl
  • Year Built Exception: 0
  • Den: 24x12 Level: Level 1 Above Grade
  • Fireplace: 1 Fireplace
  • Level 1 Full Bathrooms: 1
  • Great Room: 24x12 Level: Level 1 Above Grade
  • Interior Amenities: Cable Available, Cable Connections, Ceiling Fan(s), Drywall, Main Level Bedroom, Main Level Den
  • Dining Kitchen: 10x10 Level: Level 1 Above Grade
  • Laundry: Basement, Dryer Connection, Washer Connections
  • Living Room: 13x15 Level: Level 1 Above Grade
  • Master Bedroom: 11x10 Level: Level 1 Above Grade
  • Den Area: 288.000000
  • GreatRoom Area: 288.000000
  • Livinggreat Room Dim: 24.000 x 12.000
  • Kitchen Area: 100.000000
  • LivingRoom Area: 195.000000
  • 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: Fenced Yard, Garden Space, Landscaped

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • 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: 1756.00

Tax Info

  • Estimated Taxes: 500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2023
Closed on
Oct 10, 2023
Sold by
Parker Elbert Jay
Bought by
Ayers William L and Ayers Sarah
Seller's Agent
Franklin Viar
Century 21 ALL-SERVICE
Buyer's Agent
Shane Timberlake
Karl Miller Realty LLC
List Price
$200,000
Sold Price
$208,000
Premium/Discount to List
$8,000
4%
Views
64
Current Estimated Value
$280,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,437
Avg. Annual Appreciation
18.39%
Original Mortgage
$210,101
Outstanding Balance
$206,394
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$80,258
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
Ayers William L $208,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ayers William L $210,101
Previous Owner Parker Elbert $119,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2023 10/11/23 Sold $208,000 +4.0% $118 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
09/05/2023 09/05/23 For Sale $200,000 -- $114 / 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 $855 $190,000 $45,000 $145,000
2024 $855 $190,000 $45,000 $145,000
2023 $855 $190,000 $45,000 $145,000
2022 $785 $150,900 $24,000 $126,900
2021 $785 $150,900 $24,000 $126,900
2020 $785 $135,000 $24,000 $111,000
2019 $785 $150,900 $24,000 $126,900
2018 $702 $135,000 $24,000 $111,000
2017 $702 $135,000 $24,000 $111,000
2016 $702 $135,000 $24,000 $111,000
2015 -- $135,000 $24,000 $111,000
2014 -- $129,300 $22,000 $107,300
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2023

    Franklin Viar

    Century 21 ALL-SERVICE

    (434) 665-3373

    1 in this area

    32 Total Sales

    Franklin Viar
    Section Image

  • C

    Seller Co-Listing Agent in 2023

    Connie Meeks

    Century 21 ALL-SERVICE

    Section Image

  • S

    Buyer's Agent in 2023

    Shane Timberlake

    Karl Miller Realty LLC

    (434) 907-6250

    6 in this area

    126 Total Sales

    Shane Timberlake
    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 348051

APN: 12H-2-2-5

Virginia Campbell County Lynchburg 24502 Timberlake

1850 Rainbow Forest Dr, Lynchburg, VA

This home is located at 1850 Rainbow Forest Dr, Lynchburg, VA 24502 since 05 September 2023 and is currently estimated at $280,437, approximately $159 per square foot. This property was built in 1962. 1850 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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