$300,000
SOLD MAR 14, 2022

461 Padgetts Hill Rd Natural Bridge, VA 24578

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

Recently Sold

$182 Per Sq Ft

9% Below List Price

90 Days on Market

Highlights

  • Horses Allowed On Property
  • 6 Acre Lot
  • Wood Burning Stove
  • Panoramic View
  • Deck
  • Secluded Lot

About This Home

As of April 2023

Rainbow Knoll is majestically situated at the top of Padgetts Hill Road on 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, Rte 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.Recent updates include a new ramp to the front porch, recently serviced, standby Generator & HVAC. Property is sold AS-IS

Last Agent to Sell the Property

Jessie Taylor

Lexington Real Estate Connection Listed on: 11/01/2021

Co-Listed By

Paula Martin

Lexington Real Estate Connection

Last Buyer's Agent

Paula Martin

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,626

Year Built

  • Built in 1980

Lot Details

  • 6 Acre Lot
  • Property fronts a state road
  • Board Fence
  • Secluded Lot
  • Level Lot
  • Open Lot
  • Wooded Lot
  • Property is zoned Agricultural

Property Views

  • Panoramic
  • Mountain

Home Design

  • Ranch Style House
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,650 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Stove
  • Workshop
  • Screened Porch
  • Storage
  • Scuttle Attic Hole

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Fireplace in Basement

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Garage Door Opener

Outdoor Features

  • Deck
  • Separate Outdoor Workshop
  • Shed

Schools

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

Farming

  • Horse or Livestock Barn
  • Equipment Barn
  • Pasture
  • Chicken Farm

Utilities

  • Heat Pump System
  • Power Generator
  • Gas Available
  • Well
  • Electric Water Heater
  • Septic System
  • Internet Available
  • Cable TV Available

Additional Features

  • Flood Zone Lot
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 95 5 D4

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,626

Year Built

Built in 1980

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Co Selling Member Short Id: JLT
  • Directions: Head South on Rt 11 for 8 miles. Take a right on Herring Hall Road and continue for .7 miles. Take a right on Padgetts Hill Road. Driveway will be on the Right after 1.8 miles. Look for a ''Rainbow Knoll'' sign.
  • HistoricProperty: No
  • InternetServicesAvailable: Cable
  • Listing Member Name: Jessie Lee Taylor
  • Listing Office Short Id: 80
  • Open House Office I D: 20061211170241366991000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: weissmp
  • Selling Office Short Id: 80
  • Subdivision Yn: No
  • TotalFinSFApx: 1650.00
  • Year Built: 1980
  • Taxes Dollars: 1626.00
  • TotalAcresApx: 6.00
  • 1StFloorMstrBdrm: Yes
  • PorchDeckPatioDeck: Side
  • StyleRanch: YES
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Full, Interior Access, Unfinished, Walkout
  • Full Bathrooms: 2.00
  • Updated Floor: Carpet, Vinyl
  • Appliances: Cook Top, Dishwasher, Dryer, Electric Range, Generator, Microwave, Oven, Refrigerator, Washer
  • Has Attic: Scuttle
  • Lower Floor 1 Bedrooms: 3
  • Fireplace: 1, Wood Stove
  • Fireplace Location: Basement
  • FireplaceLocOther: Chimney/flue in LR
  • Interior Amenities: Ceiling Fan, Internet/Smart Wirng, Storage, Workshop
  • Lower Floor 1 Bedrooms: 7

Exterior Features

  • Exterior: Wood
  • Exterior Features: Cable Available, Ceiling Fan(s), Chickens Permitted, Deck-Side, Horses Permitted, Porch-Front, Porch-Screened, Shed, Storage Building, View - Mountains, View - Panoramic, Wood Stove, Workshop
  • Road Frontage: State Road
  • Roof: Metal
  • Street: Padgetts Hill
  • Tax Rate: .74
  • Flood Zone: SE
  • Out Buildings: Barn(s), Equipment Shed, Garage, Horse Barn, Workshop
  • Fencing: Board
  • Topography: Level, Open, Pasture, Rolling, Secluded, Views, Woods
  • Exterior Features: Barn, Deck, Porch, Screened Porch, Sunrise View, Sunset View, Workshop

Garage/Parking

  • Garage Spaces: Attached, Double, Opener, Storage

Utilities

  • Cooling: Heat Pump Electric
  • Heating: Heat Pump(s), Wood Stove
  • Sewer: Existing Septic
  • Utilities Available: Cable, Gas
  • Water: Well
  • Water Heater: Electric

Schools

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

Lot Info

  • Zoning: Agricultural
  • Best Use: Horses, Investment, Residential, Vacation Rental
  • Current Use: Horses, Residential

Green Features

  • Energy Features: Wood Stove

Tax Info

  • Tax Map Number: 95 5 D4
  • Tax Year: 2021

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
$417,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,559
Avg. Annual Appreciation
6.76%
Original Mortgage
$160,000
Outstanding Balance
$155,429
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$262,130

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

Range of Values:

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Average Value
Not Available
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 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 $160,000 New Conventional
Previous Owner $240,000 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: Rockbridge Highlands 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 $1,627 $265,800 $60,000 $205,800
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

    284 Total Sales

    Paula Martin
    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

    214 Total Sales

    Jessie Taylor
    Section Image
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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 136508

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 $300,000, approximately $181 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.

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