2008 Rainbow Forest Dr, Lynchburg, VA, 24502

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

2008 Rainbow Forest Dr, Lynchburg$389,900

Buyer Closing Credits

$4,630^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Year Built1963

HeatingHeat Pump

CoolingHeat Pump

BasementYes

Fireplace2 Fireplaces, Gas Log, Great Room, Living Room

ViewOther

MLS #356499

Lot Size0.72 Acres

StatusActive

About 2008 Rainbow Forest Dr

Welcome to 2008 Rainbow Forest Drive! A beautifully updated 5 bed, 3 bath home in Campbell County. The main level features a spacious kitchen with a breakfast area, large living room with a gas log fireplace, a laundry room, three bedrooms, and two updated full bathrooms. The finished terrace level includes a second kitchen, a second gas log fireplace, the third full bath, and two additional bedrooms. Unfinished storage room with roughed in washer/dryer. Large deck with patio beneath. Additional updates include replacement windows, updated electrical, hardwood flooring and LVP and recessed lighting throughout.

View More

Property Details

Property Features

Property Information:

• Architectural Style: Ranch
• Year Built: 1963
• Stories: 1
• Living Area: 2,661 SqFt

Listing Office:

• Office Name: TMoore Real Estate Group LLC
• Office Phone: (434) 616-2686
• Listing Agent: Tammi Moore

Interior Features

Interior Information:

• Appliances: Dishwasher, Microwave, Refrigerator, Self Cleaning Oven
• Basement: Yes
• Flooring Type: Ceramic Tile, Hardwood
• Interior: Cable Available, Ceiling Fan(s), Drywall, Great Room, High Speed Data Aval, Main Level Bedroom, Primary Bed w/Bath, Smoke Alarm, Tile Bath(s), Dryer Connection, Main Level, Separate Laundry Rm., Washer Connections
• Fireplace: 2 Fireplaces, Gas Log, Great Room, Living Room

Bedroom and Bathroom Information:

• Full Bathrooms: 3
• Total Bedroom Count: 5

Exterior Features

Exterior Information:

• View: Other
• Exterior: Deck, Off-Street Parking, Patio, Front Porch, Pool Nearby, Paved Drive, Garden Space, Landscaped, Storm Windows

Lot Features

Lot Information:

• Lot Size: 0.72 Acres

Utilities

Utilities Information:

• Heating: Heat Pump
• Cooling: Heat Pump

Other

Directions Information:

• Directions: Timberlake Rd to Laxton Rd. Straight onto Rainbow Forest Dr. Home on right.

Price Information

Listing Price Info

Price Summary:

• List Price: $389,900
• Price Per SqFt: $147/SqFt

Tax Information:

• Annual Amount: $975
• Tax Year: 2021

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

See how this home compares to others in Lynchburg, VA.

Lynchburg, VA

City

Med. Sold Price

$280.7K

Med. Price/SqFt

$160

Avg. Days On Market

25

# of Sold Homes

96

2008 Rainbow Forest Dr vs Lynchburg

2 DAYS ON ROCKET

-23 Days

$389,900

+$109.1K More

$147/SqFt

-$14 Less

KEY TAKEAWAY

This property is $109.1K more than the Median Sold Price and $14/SqFt less than other homes in Lynchburg, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: Lynchburg
• MLS Number: #356499

Listing Office:

• Office Name: TMoore Real Estate Group LLC
• Office Phone: (434) 616-2686
• Listing Agent: Tammi Moore

Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Lynchburg Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/11/2025, 1:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Sep 12, 2016	Sep 12, 2016Home Sold	$168,000
May 27, 2016	May 27, 2016Home Sold	$105,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$975	$187,500
2020	$975	$168,100
2019	$874	$187,500
2018	$874	$168,100
2017	$874	$168,100

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$2,013

Per Month

Principal & Interest

$1,946

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,235

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Virginia›Lynchburg›24502›2008 Rainbow Forest Dr

This home is located at 2008 Rainbow Forest Dr in Lynchburg, VA and zip code 24502. This 2,661 square foot home, which was built in 1963, sits on a 0.72 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 09, 2025 and is currently priced at $389,900.

While more than 21 listings in Lynchburg, VA in December 2024 were sold above asking price, there were more than 35 listings sold at asking price, and more than 40 were sold below. Between November 2024 and December 2024, Lynchburg, VA real estate market has seen decrease in the number of listings by 11%. In December 2024, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $280,738.

From Rocket Homes Real Estate and based on county public records data.