$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

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

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%
Total Days on Market
90
Views
31
Current Estimated Value
$397,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,513
Avg. Annual Appreciation
6.79%
Original Mortgage
$160,000
Outstanding Balance
$156,244
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$252,040

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

Similar Homes in the area

  • 82 Lloyd Tolley Rd, Natural Bridge Station, VA 24579

    $279,000

    • 3 Beds
    • 2 Baths
    • 1,848 Sq Ft
    • 82 Lloyd Tolley Rd
    • Natural Bridge Station, VA

    Classic looks of a Victorian era farmhouse with the updates and comforts of a modern home. Beautiful features throughout with surprising nooks, crannies and even a hidden closet to provide ample storage. This pretty home features a welcoming front porch, rich warm finishes many incorporating the original wood, exposed brick accent wall in the living room, tall ceilings, large windows to bring in

    Janie Harris James River Realty - Lexington

    Section Image
  • 1451 Kelvin Grove, Glasgow, VA 24555

    $290,000

    • 4 Beds
    • 2 Baths
    • 2,372 Sq Ft
    • 1451 Kelvin Grove
    • Glasgow, VA

    Tucked in the foothills of Sallings Mountain, with gorgeous views of the Blue Ridge Mtns. Spacious, well-built brick dwelling with mature landscaping and beautiful stone-walled yard. Oversized carport. Covered front porch. Remodeled kitchen with all new GE appliances.(Stove, DW, Ref, Microwave). Dining room w/built-in shelves; Living room w/FP; stunning large Family Rm w/stone FP; extra large

    Paula Martin Lexington Real Estate Connection

    Section Image
See All Homes in Natural Bridge

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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: 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
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

    20 in this area

    280 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

    196 Total Sales

    Jessie Taylor
    Section Image
See All Agents

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.

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.

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.

Nearby Homes