54 Rainbow Forest Dr, Lynchburg, VA, 24502

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54 Rainbow Forest Dr, Lynchburg$259,900

Buyer Closing Credits

$3,086^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Year Built1960

HeatingHeat Pump

CoolingHeat Pump

BasementYes

Fireplace1 Fireplace, Living Room, Wood Burning

MLS #355249

Lot Size0.84 Acres

StatusActive

About 54 Rainbow Forest Dr

3 bed/1 bath main level living home with carport on conveniently located .843 acre lot. Hardwood Floors, Updated Full bath, cute kitchen, and new back deck. Unfinished basement/workshop area with washer/dryer hookups and garage. Storage buildings and shed convey. Property is zoned Business-General Commercial but could be permanent residence, rental property, Airbnb or opportunity to convert home and property for business use. Current owners have reconfigured parcels 20-A-98 and 20-A-99. New plat already approved and to be recorded at closing.

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Property Details

Property Features

Property Information:

• Architectural Style: Ranch
• Year Built: 1960
• Stories: 1
• Living Area: 864 SqFt

Listing Office:

• Office Name: John Stewart Walker, Inc
• Office Phone: (434) 385-6655
• Listing Agent: Stephen G Mock

Interior Features

Interior Information:

• Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
• Basement: Yes
• Flooring Type: Hardwood, Vinyl
• Interior: Ceiling Fan(s), Main Level Bedroom, Basement, Dryer Connection, Washer Connections
• Fireplace: 1 Fireplace, Living Room, Wood Burning

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• Exterior: Off-Street Parking, Paved Drive, Storm Windows, Storm Doors

Lot Features

Lot Information:

• Lot Size: 0.84 Acres

Utilities

Utilities Information:

• Heating: Heat Pump
• Cooling: Heat Pump

Other

Directions Information:

• Directions: Timberlake to Waterlick Rd to right on Rainbow Forest Dr. Property on the left.

Price Information

Listing Price Info

Price Summary:

• List Price: $259,900
• Price Per SqFt: $301/SqFt

Tax Information:

• Annual Amount: $675
• Tax Year: 2021

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Housing Market Comparison

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

Lynchburg, VA

City

Med. Sold Price

$280K

Med. Price/SqFt

$158

Avg. Days On Market

30

# of Sold Homes

91

54 Rainbow Forest Dr vs Lynchburg

34 DAYS ON ROCKET

+4 Days

$259,900

-$20.1K Less

$301/SqFt

+$142 More

KEY TAKEAWAY

This property is $20.1K less than the Median Sold Price and $142/SqFt more than other homes in Lynchburg, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: Lynchburg
• MLS Number: #355249

Listing Office:

• Office Name: John Stewart Walker, Inc
• Office Phone: (434) 385-6655
• Listing Agent: Stephen G Mock

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 2024 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: 11/21/2024, 10:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$675	$129,900
2020	$675	$129,900
2019	$690	$129,900
2018	$690	$132,600
2017	$690	$132,600

History based on county public records data.

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**Disclosures

Rocket Homes›Virginia›Lynchburg›24502›54 Rainbow Forest Dr

This home is located at 54 Rainbow Forest Dr in Lynchburg, VA and zip code 24502. This 864 square foot home, which was built in 1960, sits on a 0.84 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $259,900.

In October 2024 more than 24 listings in Lynchburg, VA were sold above the asking price. During the same period more than 30 listings were sold at asking price, while more than 37 were sold below. The number of listings in Lynchburg, VA decreased by 4.7% between September 2024 and October 2024. Listings spent 30 days on the market in October 2024, and had a median list price of $280,000 during the same period.

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