nvestor alert! Rare opportunity in the highly desirable Forest area1041 Commonwealth Circle stands out as the only home in the complex with a fully finished basement, offering added square footage and serious upside potential. Featuring 3 bedrooms, a dedicated dining area, and a spacious kitchen, this property has the layout buyers want and the bones investors love. The finished basement opens the door for additional living space, rental potential, or value-add improvements that can significantly increase returns. Located in a prime area with top-rated schools, convenient shopping, dining, and easy access to everything Forest has to offer, this is the kind of opportunity that doesn't last. Being sold as-is, where-isbring your vision and capitalize on the potential. Whether you're looking to renovate, rent, or resell, this one checks all the boxes.
Sold for $265,000
$265,000
1041 Commonwealth Cir, Forest, VA 24551
3beds
2,318sqft
Townhouse
Built in 2009
2,178 Square Feet Lot
$265,200 Zestimate®
$114/sqft
$2,141 Estimated rent
Home value
$265,200
$252,000 - $278,000
$2,141/mo
Zestimate® history
Owner options
List your home for rent
$2,141/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,141/mo
Rent Zestimate®
Refinance and save
$1,632/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,632/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Fully finished basementDedicated dining areaSpacious kitchen
Zillow last checked:
Listing updated:
Listed by:
Sarah LaFrance 434-444-4615 sarahlafrance.realtor@gmail.com,
Mark A. Dalton & Co., Inc.
Bought with:
William Matthew Barrett IV, 0225215469
Elite Realty
Source: LMLS,MLS#: 365235
Originating MLS: Lynchburg Board of Realtors
Originating MLS: Lynchburg Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Primary bedroom
- Level: Second
- Area: 182
- Dimensions: 14 x 13
Bedroom
- Dimensions: 0 x 0
Bedroom 2
- Level: Second
- Area: 130
- Dimensions: 13 x 10
Bedroom 3
- Level: Second
- Area: 120
- Dimensions: 12 x 10
Bedroom 4
- Area: 0
- Dimensions: 0 x 0
Bedroom 5
- Area: 0
- Dimensions: 0 x 0
Dining room
- Level: First
- Area: 90
- Dimensions: 10 x 9
Family room
- Area: 0
- Dimensions: 0 x 0
Great room
- Level: First
- Area: 143
- Dimensions: 13 x 11
Kitchen
- Area: 0
- Dimensions: 0 x 0
Living room
- Level: First
- Area: 260
- Dimensions: 20 x 13
Office
- Area: 0
- Dimensions: 0 x 0
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Electric Water Heater
- Laundry: Laundry Room
Features
- Ceiling Fan(s), Soaking Tub, Pantry, Separate Dining Room
- Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
- Basement: Exterior Entry,Full
- Attic: Pull Down Stairs
Interior area
- Total structure area: 2,318
- Total interior livable area: 2,318 sqft
- Finished area above ground: 1,562
- Finished area below ground: 756
Property
Parking
- Parking features: Concrete Drive
- Has uncovered spaces: Yes
Features
- Levels: Two
- Pool features: Pool Nearby
Lot
- Size: 2,178 sqft
- Features: Close to Clubhouse
Details
- Parcel number: 90510059
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Brick, Vinyl Shake, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 2009
Utilities & green energy
- Electric: AEP/Appalachian Powr
- Sewer: County
- Water: County
Community & neighborhood
Location
- Region: Forest
- Subdivision: Farmington At Forest Sec 1
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $140 monthly
- Services included: Maintenance Grounds, Snow Removal, Trash
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Sold | $265,000$114/sqft |
Source:  LMLS #365235 Report a problem | ||
| 3/24/2026 | Pending sale | $265,000$114/sqft |
Source: LMLS #365235 Report a problem | ||
| 3/24/2026 | Listed for sale | $265,000+56%$114/sqft |
Source: LMLS #365235 Report a problem | ||
| 3/30/2018 | Sold | $169,900$73/sqft |
Source: LMLS #303059 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $258,100 |
| 2024 | $1,058 | $258,100 |
| 2023 | -- | $258,100 +45.7% |
| 2022 | $886 | $177,200 |
| 2021 | $886 | $177,200 |
| 2020 | $886 -3.8% | $177,200 |
| 2019 | $921 +11.3% | $177,200 +11.3% |
| 2018 | $828 | $159,200 |
| 2017 | $828 | $159,200 |
| 2016 | $828 | $159,200 |
| 2015 | $828 -6.2% | $159,200 -6.2% |
| 2014 | $882 +4% | $169,700 |
| 2013 | $849 | $169,700 |
| 2012 | $849 | $169,700 |
| 2011 | $849 | $169,700 |
| 2010 | $849 +465.7% | $169,700 +465.7% |
| 2009 | $150 | $30,000 |
Find assessor info on the county website
Neighborhood: 24551
Nearby schools
GreatSchools rating
- 9/10Forest Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 9/10Forest Middle SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Jefferson Forest High SchoolGrades: 9-12Distance: 0.5 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$265,200
2% more
+$5,304
With Zillow Showcase(estimated)
$270,504
- Virginia
- Bedford County
- Forest
- 24551
- 1041 Commonwealth Cir
Nearby cities
Nearby zip codes
Other Forest Topics
