289 Independence Cir Forest, VA 24551
Timberlake AreaEstimated payment $1,641/month
About This Home
Rare investment opportunity in Forest, VA! 289 Independence Cir is uniquely positioned as the only duplex in a quiet, established single-family neighborhood. The property features excellent, long-term tenants (~24 and 15 years) who wish to stay, ensuring immediate stability. Unit A (Left Side) is leased at $650/month through February 1, 2027, and the tenant handles all grass and leaf maintenance, keeping your operating expenses low. Unit B (Right Side) is leased at $700/month through September 30, 2026. Capital improvements offer major peace of mind: the roof was replaced by Cenvar in August 2015, the Unit A HVAC was replaced in 2018, and the Unit B HVAC was replaced in 2019 (both by Jordan Mechanical). Additionally, the septic system was completely serviced in November 2025 (lines flushed, tank pumped, and distribution box cleaned) and pumped again in April 2026. Don't miss this low-maintenance, income-generating gem in a prime location. Schedule your showing today! Sold As-Is
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $732
Year Built
- Built in 1979
Lot Details
- 19,994 Sq Ft Lot
Parking
- Over 1 Space Per Unit
Home Design
- 1,850 Sq Ft Home
Flooring
- Wood
- Carpet
- Vinyl
Schools
- Tomahawk Elementary School
- Brookville Midl Middle School
- Brookville High School
Utilities
- Heat Pump System
- Electric Water Heater
- Septic Tank
Community Details
- 1 Separate Water Meter
- Net Lease
- Insurance Expense $800
- Water Sewer Expense $53
- New Taxes Expense $732
- Gross Income $16,200
Listing and Financial Details
- Assessor Parcel Number 20A214
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $733 | $162,800 | $30,000 | $132,800 |
| 2025 | $733 | $162,800 | $30,000 | $132,800 |
| 2024 | $733 | $162,800 | $30,000 | $132,800 |
| 2023 | $733 | $162,800 | $30,000 | $132,800 |
| 2022 | $729 | $140,100 | $26,000 | $114,100 |
| 2021 | $729 | $140,100 | $26,000 | $114,100 |
| 2020 | $729 | $134,800 | $26,000 | $108,800 |
| 2019 | $729 | $140,100 | $26,000 | $114,100 |
| 2018 | $701 | $134,800 | $26,000 | $108,800 |
| 2017 | $701 | $134,800 | $26,000 | $108,800 |
| 2016 | $701 | $134,800 | $26,000 | $108,800 |
| 2015 | -- | $134,800 | $26,000 | $108,800 |
| 2014 | -- | $135,900 | $26,000 | $109,900 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $124,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $93,000 | Commercial |
Source: Lynchburg Association of REALTORS®
MLS Number: 368048
APN: 020A-0200A-014-0
- 180 Hydaway Dr
- 112 Valleywood Dr
- 801 Goose Meadow Dr
- 205 Pocahontas Dr
- 4143 Waterlick Rd
- 402 Goose Ridge Dr
- 151 Churchill Dr
- 213 Browns Dr
- 117 Viking Ln
- 762 Timberlake Dr
- 1216 Timberlake Dr
- 102 Rowse Dr
- 0 Waterlick Rd
- 192 Mallard Ln
- 109 Rowse Dr
- 1090 Timberlake Dr
- 159 Mallard Ln
- 1734 Timberlake Dr
- 1740 Timberlake Dr
- 173 Kade Ct
- 33 Moss Creek Dr Unit 1
- 24 Churchill Dr Unit 18
- 5218 Waterlick Rd
- 5290 Waterlick Rd Unit 3
- 64 Maybrook Dr
- 27 Odara Dr
- 16 Rainbow Forest Dr
- 13 Rainbow Forest Dr
- 499 Greenwell Ct
- 3413 Thomas Jefferson Rd
- 16 Duiguid Dr
- 57 Ferguson Dr
- 61 Ferguson Dr
- 215 Cameron Rd
- 36 Ferguson Dr
- 23 Hobbs Ln
- 549 Beechwood Dr
- 108 Fieldstone Ct
- 104 Tanzalon Dr
- 682 Laxton Rd Unit 3
Ask me questions while you tour the home.