$355,000
SOLD APR 13, 2023

461 Padgetts Hill Rd Natural Bridge, VA 24578

Natural Bridge Neighborhood
3 Beds
2 Baths
1,650 Sq Ft
6 Acres

Recently Sold

$215 Per Sq Ft

1% Above List Price

6 Days on Market

Highlights

  • 6 Acre Lot
  • Living Room
  • Dining Room
  • 2 Car Attached Garage
  • 1-Story Property
  • Family Room

About This Home

As of April 2023

Rainbow Knoll is majestically situated on a scenic knoll off Padgetts Hill Road: 6 rolling acres with extraordinary views of the Blue Ridge Mountains. Dreaming of homesteading? This farmette is equipped for your 4-legged friends with its 2-stall horse barn, fenced paddock, workshop, kennel, storage building, & more! Offering endless potential, breathe your creative vision to life in this sweet 3BR/2BA ranch style home. Located in the southern part of Rockbridge County, Rainbow Knoll is convenient to I-81, Rt 11, Natural Bridge & Lexington. Close by is a cidery, brewery, winery, Main Gait Horse facility, Buddhist Center, the Natural Bridge, Natural Bridge Zoo & Safari Park. BRAND NEW HVAC, new LVP flooring throughout, freshly painted walls, new light fixtures, Standby Generator, and more

Last Agent to Sell the Property

Paula Martin

LEXINGTON REAL ESTATE CONNECTION License #0225059007 Listed on: 02/27/2023

Last Buyer's Agent

NONMLSAGENT NONMLSAGENT

NONMLSOFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,967

Year Built

  • Built in 1980

Lot Details

  • 6 Acre Lot
  • Property is zoned A-2 Agricultural General

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Primary bathroom on main floor

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Natural Bridge Elementary School
  • Maury River Middle School
  • Rockbridge High School

Utilities

  • Heat Pump System
  • Heating System Uses Wood
  • Well
  • Septic Tank
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,967

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 1650
  • Below Grade Total Sq Ft: 1456
  • L V T Date: 03/01/2023
  • Nameof Property: 461 Padgetts Hill Rd Natural Bridge, VA 24578
  • Price Per Sq Ft: 215.15
  • Total Sq Ft: 3106
  • Total Unfinished Sq Ft: 1456
  • Type of Construction: On Site Built
  • Zoning: A-2 Agricultural General
  • Subdivision: NONE
  • Comments: Yes
  • Concatenated Rooms1: |Bedroom1|Bedroom1|Dining Roo1|Family Roo1|Kitchen1|Living Roo1|Master Bed1|Master BTH1|
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Unfinished Below Grade Sq Ft: 1456
  • Basement Type: Full, Inside Access, Slab, Unfinished, Walk Out
  • Room 1: Bedroom,14.33x10,On Level: 1
  • Room 2: Bedroom,13.66x13.2,On Level: 1
  • Room 3: Dining Room,14x11,On Level: 1
  • Room 4: Family Room,20.41x9.66,On Level: 1
  • Room 5: Kitchen,13x11.25,On Level: 1
  • Room 6: Living Room,23.58x13.6,On Level: 1
  • Room 7: Master Bedroom,17.16x11.2,On Level: 1
  • Room 8: Master Bath,11.16x5,On Level: 1
  • Total Finished Sq Ft: 1650
  • Above Grade Finished Sq Ft: 1650
  • Basement: Yes
  • Foundation: Concrete Slab
  • Kitchen Appliances Feat: Electric Range, Microwave, Refrigerator
  • Level: 1 Story
  • Primary Bathroom Main Level: Yes
  • Master Bedon Main Level: Yes
  • Bathrooms: 2
  • Number of Main Level Bathrooms: 1
  • Number Beds: 3
  • Number Beds Main Level: 3
  • Full Bathrooms: 2
  • Room Types: Bedroom, Dining Room, Family Room, Kitchen, Living Room, Master Bedroom
  • Room Types Level1: Bedroom (L1), Dining Room (L1), Family Room (L1), Kitchen (L1), Living Room (L1), Master Bedroom (L1)
  • Source of Sq Ft: Owner

Exterior Features

  • Number Of Acres: 6

Garage/Parking

  • Garage: Yes
  • Garage Features: Attached
  • Number of Car Spaces: 2

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump, Wood
  • Cable Available: Cable
  • Sewer/Septic System: Septic Tank
  • Water: Individual Well

Schools

  • Elementary School: Natural Bridge
  • Middle School: Maury River
  • High School: Rockbridge

Building Info

  • Year Built: 1980

Tax Info

  • Year: 2023
  • Taxes: 1967

MLS Schools

  • HighSchool: Rockbridge
  • Middle School: Maury River
  • Elementary School: Natural Bridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2023
Closed on
Mar 14, 2023
Sold by
Short Papaefthimiou Family Trust
Bought by
Forster Earl D and Forster Ellen K
Seller's Agent
Paula Martin
LEXINGTON REAL ESTATE CONNECTION
Buyer's Agent
NONMLSAGENT NONMLSAGENT
NONMLSOFFICE
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%
Views
31
Current Estimated Value
$393,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,726
Avg. Annual Appreciation
7.10%
Original Mortgage
$160,000
Outstanding Balance
$156,244
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$259,731

Purchase Details

Listed on
Nov 1, 2021
Closed on
Feb 1, 2022
Sold by
Chervenok Kathleen M
Bought by
Short Steven J and Papaefthimiou Daphne
Seller's Agent
Jessie Taylor
Lexington Real Estate Connection
Buyer's Agent
Paula Martin
Keller Williams Realty
List Price
$329,000
Sold Price
$300,000
Premium/Discount to List
-$29,000
-8.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.87%
Original Mortgage
$240,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $355,000 Lexington Title Agency, Llc
Deed $300,000 New Title Company Name
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $88,000 New Conventional
Open $160,000 New Conventional
Previous Owner $240,000 New Conventional
Previous Owner $56,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2023 04/13/23 Sold $355,000 +1.4% $215 / Sq Ft
03/05/2023 03/05/23 Pending -- -- --
02/27/2023 02/27/23 For Sale $350,000 +16.7% $212 / Sq Ft
03/14/2022 03/14/22 Sold $300,000 -8.8% $182 / Sq Ft
01/30/2022 01/30/22 Pending -- -- --
11/01/2021 11/01/21 For Sale $329,000 -- $199 / Sq Ft
Source: Charlottesville Area 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
2024 $1,627 $265,800 $60,000 $205,800
2023 $1,627 $265,800 $60,000 $205,800
2022 $1,627 $219,800 $60,000 $159,800
2021 $1,627 $219,800 $60,000 $159,800
2020 $1,627 $219,800 $60,000 $159,800
2019 $1,605 $219,800 $60,000 $159,800
2018 $1,539 $219,800 $60,000 $159,800
2017 $1,539 $219,800 $60,000 $159,800
2016 $1,696 $230,700 $65,000 $165,700
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paula Martin

    Seller's Agent in 2023

    Paula Martin

    LEXINGTON REAL ESTATE CONNECTION

    (540) 460-1019

    18 in this area

    282 Total Sales

    Section Image

  • N

    Buyer's Agent in 2023

    NONMLSAGENT NONMLSAGENT

    NONMLSOFFICE

  • J

    Seller's Agent in 2022

    Jessie Taylor

    Lexington Real Estate Connection

    (540) 784-9183

    14 in this area

    206 Total Sales

    Section Image
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Map

Source: Charlottesville Area Association of REALTORS®

MLS Number: 638983

Charlottesville Area Association of REALTORS®

APN: 95-5-D4

Virginia Rockbridge County Natural Bridge 24578 Natural Bridge

461 Padgetts Hill Rd, Natural Bridge, VA

This home is located at 461 Padgetts Hill Rd, Natural Bridge, VA 24578 and is currently priced at $355,000, approximately $215 per square foot. This property was built in 1980. 461 Padgetts Hill Rd is a home located in Rockbridge County with nearby schools including Rockbridge County 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.

Charlottesville Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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