Fully remodeled, this 4-bedroom, 3-bathroom home is two homes in one! Main level features 3-beds/2 baths and terrace level has 3 rooms/1-bath with a kitchen, basement apartment/in-law suite! Potential 5th bedroom is nonconforming. So much potential here! This could be a large home with space for loved ones or an opportunity for passive income-an investment property for college students. Two kitchens, two living spaces for entertaining guests, accommodate out of town guests, or rent out the terrace level for passive income. New HVAC, New kitchen, New Quartz Countertops, New lighting, New Luxury Vinyl Plank, and remodeled baths. The property backs up to a creek with a large level yard and is perfect for outdoor gatherings! Mulch beds and gardening space. Polywood Deck and Brick exterior for little to no maintenance! Located in well sought after Brookville School district! Versatile, smart investment, and great resell potential at 1484 Rainbow Forest. Staging has been removed.
Sold for $334,000
$334,000
1484 Rainbow Forest Dr, Lynchburg, VA 24502
4beds
2,478sqft
Single Family Residence
Built in 1964
1.53 Acres Lot
$-- Zestimate®
$135/sqft
$2,480 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,480/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jim L Rufus 434-258-6912 jimrufus@outlook.com,
eXp Realty LLC-Stafford
Bought with:
Andrew Bonner, 0225239581
Nolen Real Estate
Source: LMLS,MLS#: 351125
Originating MLS: Lynchburg Board of Realtors
Originating MLS: Lynchburg Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: First
- Area: 143
- Dimensions: 13 x 11
Bedroom
- Dimensions: 0 x 0
Bedroom 2
- Level: First
- Area: 144
- Dimensions: 12 x 12
Bedroom 3
- Level: First
- Area: 120
- Dimensions: 12 x 10
Bedroom 4
- Level: Below Grade
- Area: 130
- Dimensions: 13 x 10
Bedroom 5
- Area: 0
- Dimensions: 0 x 0
Dining room
- Level: First
- Area: 130
- Dimensions: 13 x 10
Family room
- Area: 0
- Dimensions: 0 x 0
Great room
- Area: 0
- Dimensions: 0 x 0
Kitchen
- Level: First
- Area: 160
- Dimensions: 16 x 10
Living room
- Level: First
- Area: 240
- Dimensions: 20 x 12
Office
- Area: 0
- Dimensions: 0 x 0
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Electric Water Heater
- Laundry: In Basement
Features
- Ceiling Fan(s), Drywall, Main Level Bedroom, Main Level Den, Primary Bed w/Bath, Tile Bath(s)
- Flooring: Vinyl Plank, Wood
- Windows: Insulated Windows
- Basement: Apartment,Exterior Entry,Finished,Full,Interior Entry,Walk-Out Access
- Attic: Access
- Number of fireplaces: 2
- Fireplace features: 2 Fireplaces, Den, Living Room, Wood Burning
Interior area
- Total structure area: 2,478
- Total interior livable area: 2,478 sqft
- Finished area above ground: 1,323
- Finished area below ground: 1,155
Property
Parking
- Total spaces: 1
- Parking features: Paved Drive, Carport Parking (1 Car)
- Has garage: Yes
- Carport spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: One
Lot
- Size: 1.53 Acres
- Features: Near Golf Course
Details
- Parcel number: 11A664
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Shingle
Condition
- Year built: 1964
Utilities & green energy
- Electric: AEP/Appalachian Powr
- Sewer: Septic Tank
- Water: County
Community & HOA
Location
- Region: Lynchburg
Financial & listing details
- Price per square foot: $135/sqft
- Tax assessed value: $215,400
- Annual tax amount: $467
- Date on market: 7/25/2024
- Cumulative days on market: 46 days
Price history
| Date | Event | Price |
|---|---|---|
| 7/18/2024 | Sold | $334,000-0.3%$135/sqft |
Source:  LMLS #351125 Report a problem | ||
| 6/17/2024 | Pending sale | $334,900$135/sqft |
Source: LMLS #351125 Report a problem | ||
| 5/6/2024 | Listed for sale | $334,900$135/sqft |
Source: LMLS #351125 Report a problem | ||
| 3/26/2024 | Pending sale | $334,900$135/sqft |
Source: LMLS #351125 Report a problem | ||
| 3/21/2024 | Listed for sale | $334,900+108%$135/sqft |
Source: LMLS #351125 Report a problem | ||
| 7/27/2011 | Sold | $161,000+21.7%$65/sqft |
Source: LMLS #266349 Report a problem | ||
| 7/9/2003 | Sold | $132,300$53/sqft |
Source: LMLS #205015 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | -- | $215,400 +19.9% |
| 2022 | $934 | $179,600 |
| 2021 | $934 | -- |
| 2020 | -- | -- |
| 2019 | $811 | $179,600 +15.2% |
| 2018 | $811 | $155,900 |
| 2017 | -- | $155,900 |
| 2016 | -- | $155,900 |
| 2015 | -- | $155,900 +5.1% |
| 2014 | -- | $148,400 |
| 2013 | -- | $148,400 |
| 2012 | -- | $148,400 |
| 2011 | -- | $148,400 +1.6% |
| 2010 | -- | $146,100 |
| 2009 | -- | $146,100 |
| 2008 | -- | $146,100 |
| 2007 | -- | $146,100 +28.3% |
| 2006 | -- | $113,900 |
| 2005 | -- | $113,900 |
| 2004 | -- | $113,900 |
| 2003 | -- | $113,900 +22.1% |
| 2002 | $532 | $93,313 |
| 2001 | $532 | $93,313 |
| 2000 | $532 | $93,313 |
Find assessor info on the county website
Neighborhood: 24502
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Nearby schools
GreatSchools rating
- 5/10Tomahawk Elementary SchoolGrades: PK-5Distance: 1 mi
- 5/10Brookville Middle SchoolGrades: 6-8Distance: 0.9 mi
- 6/10Brookville High SchoolGrades: 9-12Distance: 1.1 mi
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- Virginia
- Campbell County
- Forest
- 24502
- 1484 Rainbow Forest Dr
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