NOT LISTED FOR SALE

565 Rainbow Forest Dr Lynchburg, VA 24502

Timberlake Neighborhood

Estimated Value: $289,000 - $339,000

3 Beds
2 Baths
2,070 Sq Ft
$152/Sq Ft Est. Value

Last Sold September 16, 2020

Last sale price $246,000 $119 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,796/month

38 Days on Market

Highlights

  • Living Room with Fireplace
  • Wood Flooring
  • Game Room
  • Ranch Style House
  • Workshop
  • Laundry Room

About This Home

As of September 2020

Beautifully updated ranch home, located in the Brookville school district of Campbell county. Everything in this home has been newly redone from the outside arch shingled roof, tilt out windows, Trane HVAC system, cedar posts, and exterior siding, to the inside kitchen, bathrooms, floors, lighting, paint, hardware, and appliances. Kitchen features soft-close cabinetry, granite countertops with drop in sink, glass tile backsplash, and stainless steel appliances. Available now for showings and offers.

Last Agent to Sell the Property

Joshua Allen

Priority One Properties License #0225090234 Listed on: 03/24/2020

Last Buyer's Agent

Allen Addair

eXp Realty LLC-Lynchburg License #0225215802

eXp Realty LLC-Lynchburg

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $800

Year Built

  • Built in 1966

Lot Details

  • 0.5 Acre Lot
  • Landscaped
  • Garden

Home Design

  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • 2,070 Sq Ft Home
  • Ceiling Fan
  • Multiple Fireplaces
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Den with Fireplace
  • Game Room
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Bathtub Includes Tile Surround

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Attic

  • Storage In Attic
  • Attic Access Panel
  • Pull Down Stairs to Attic

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Sump Pump
  • Fireplace in Basement
  • Workshop
  • Rough-In Basement Bathroom

Parking

  • 1 Car Attached Garage
  • Basement Garage
  • Workshop in Garage

Schools

  • Tomahawk Elementary School
  • Brookville Midl Middle School
  • Brookville High School

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$800

Year Built

Built in 1966

Lot Details

0

Listing Details

  • FILLACRES: 0.5000
  • Directions: Timberlake Road to right on Waterlick to right on Rainbow Forest Drive to home on right.
  • ElementarySchool4: Tomahawk Elem
  • HighSchool4: Brookville High
  • Internet Providers: Shentel, Verizon, Comcast/Xfinity
  • Lot Measurement: Acres
  • Lot Sq Ft: 21780.00
  • MiddleSchool4: Brookville Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • Year Built: 1966
  • Heating System: Forced Warm Air-Elec, Heat Pump
  • Building Stories: One
  • Dwelling Styles: Ranch
  • Officeden Len: 25.000
  • Officeden Wid: 19.000
  • Laundryroom Dim: 9.000 x 8.000
  • Laundryroom Len: 9.000
  • Living Room Dim: 19.000 x 14.000
  • Livingroom Len: 19.000
  • Livingroom Wid: 14.000
  • Masterbedroom Area: 143.000000
  • Master Bedroom Dim: 13.000 x 11.000
  • Masterbedroom Len: 13.000
  • Masterbedroom Wid: 11.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (2 0)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: LOT 7 BK 2 SEC 1 RAINBOW FOREST
  • Reciprocal Listing: No
  • Second Bedroom: 11x11 Level:
  • Second Bedroom Area: 121.000000
  • Third Bedroom: 11x10 Level:
  • Third Bedroom Area: 110.000000
  • Above Grade Finished Sq Ft: 1242.00
  • ApplianceConvey: Dishwasher, Microwave, Range-Elec, Refrigerator, Self Cleaning Oven
  • Has Attic: Access, Pull Down, Storage Only
  • Has Basement: Exterior Entrance, Finished, Fireplace, Full, Game Room, Garage, Heated, Interior Entrance, Roughed in Bath, Sump Pump, Walkout, Workshop
  • Breakfast Area: 7x11 Level: Level 1 Above Grade
  • Flooring: Carpet, Hardwood, Tile, Vinyl Plank
  • Year Built Exception: 0
  • Den: 25x19 Level: Below Grade
  • Fireplace: 2 Fireplaces, Den, Living Room, Wood Burning
  • Level 1 Full Bathrooms: 2
  • Interior Amenities: Cable Available, Ceiling Fan(s), High Speed Data Aval, Main Level Bedroom, Master Bed w/ Bath, Smoke Alarm, Tile Bath(s), Other
  • Dining Kitchen: 12x12 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Laundry Room, Separate Laundry Rm., Washer Connections
  • Laundry Room: 9x8 Level: Below Grade
  • Living Room: 19x14 Level: Level 1 Above Grade
  • Master Bedroom: 13x11 Level: Level 1 Above Grade
  • Porch: 20x5 Level: Level 1 Above Grade
  • Den Area: 475.000000
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 144.000000
  • Laundry Room Area: 72.000000
  • LivingRoom Area: 266.000000
  • 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: Paved Drive, Garden Space, Landscaped, Insulated Glass, Other
  • Patio: 25x12 Level: Level 1 Above Grade

Garage/Parking

  • Attached Garage: 1 Car
  • Garage Spaces: In Basement, Workshop
  • Garage Area: 300.000000
  • Garage Dim: 25.000 x 12.000
  • GarageLen: 25.000
  • GarageWid: 12.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Heat Pump
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Campbell
  • School District: Campbell

Lot Info

  • Lot Sq Ft: 2070.00

Tax Info

  • Estimated Taxes: 800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2020
Closed on
Aug 26, 2020
Sold by
Priority One Properties Llc
Bought by
Schweinsberg Sumner G and Schweinsberg Taylar K
Seller's Agent
Joshua Allen
Priority One Properties
Buyer's Agent
Allen Addair
eXp Realty LLC-Lynchburg
List Price
$248,000
Sold Price
$246,000
Premium/Discount to List
-$2,000
-0.81%
Current Estimated Value
$314,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,016
Avg. Annual Appreciation
4.97%
Original Mortgage
$248,888
Outstanding Balance
$221,475
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$91,522

Purchase Details

Closed on
Dec 3, 2019
Sold by
Rainbow Forest Trust
Bought by
Priority One Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Schweinsberg Sumner G $246,400 Absolute Title & Settlement
Priority One Properties Llc $136,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schweinsberg Sumner G $248,888
Previous Owner Priority One Properties Llc $180,000
Previous Owner Rainbow Forest Trust $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2020 09/16/20 Sold $246,000 -0.8% $119 / Sq Ft
05/01/2020 05/01/20 Pending -- -- --
03/24/2020 03/24/20 For Sale $248,000 -- $120 / 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 $1,058 $235,200 $45,000 $190,200
2024 $1,058 $235,200 $45,000 $190,200
2023 $1,058 $235,200 $45,000 $190,200
2022 $775 $149,100 $24,000 $125,100
2021 $775 $149,100 $24,000 $125,100
2020 $775 $135,700 $24,000 $111,700
2019 $775 $149,100 $24,000 $125,100
2018 $706 $135,700 $24,000 $111,700
2017 $706 $135,700 $24,000 $111,700
2016 $706 $135,700 $24,000 $111,700
2015 -- $135,700 $24,000 $111,700
2014 -- $129,700 $22,000 $107,700
Source: Public Records

Agents Affiliated with this Home

  • Joshua Allen

    Seller's Agent in 2020

    Joshua Allen

    Priority One Properties

    (434) 665-2457

    1 in this area

    22 Total Sales

    Joshua Allen
    Section Image
  • Allen Addair

    Buyer's Agent in 2020

    Allen Addair

    eXp Realty LLC-Lynchburg

    (434) 907-6171

    12 in this area

    218 Total Sales

    Allen Addair
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 324087

APN: 011A-06002-007-0

Virginia Campbell County Lynchburg 24502 Timberlake

565 Rainbow Forest Dr, Lynchburg, VA

This home is located at 565 Rainbow Forest Dr, Lynchburg, VA 24502 since 24 March 2020 and is currently estimated at $314,016, approximately $151 per square foot. This property was built in 1966. 565 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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