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1484 Rainbow Frst, Lynchburg, VA, 24502

$334,900

Home List Price

$3,977*

Closing Credit

4 Bedrooms
3 Full Baths
2,478 SqFt
$135/SqFt
House
Schools Nearby

Location

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1484 Rainbow Frst, Lynchburg$334,900

Buyer Closing Credits

$3,977*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingIn Basement, 26x13 Level: Below Grade
Year BuiltNew Const., 1964
HeatingHeat Pump
CoolingHeat Pump
BasementYes
Fireplace2 Fireplaces, Den, Living Room, Wood Burning
MLS #351125
Lot Size1.53 Acres
StatusActive

About 1484 Rainbow Frst

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1964
  • Stories: 1
  • Living Area: 2,478 SqFt

Listing Office:

  • Office Name: eXp Realty LLC-Fredericksburg
  • Listing Agent: Jimmy L Rufus Jr.

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator, Self Cleaning Oven
  • Basement: Yes
  • Flooring Type: Vinyl Plank, Wood
  • Interior: Ceiling Fan(s), Drywall, Main Level Bedroom, Main Level Den, Primary Bed w/Bath, Tile Bath(s)
  • Fireplace: 2 Fireplaces, Den, Living Room, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Paved Drive, Insulated Glass, Golf Nearby

Parking Information:

  • Parking: In Basement, 26x13 Level: Below Grade

Lot Features

Lot Information:

  • Lot: Paved, Near Golf Course
  • Lot Size: 1.53 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

School Info

Assigned Schools Information:

  • E.C. Glass High School, Public District Grades 9-12
  • Linkhorne Middle School, Public District Grades 6-8
  • Linkhorne Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Laxton Road to left in Rainbow Forest to home on right with sign.

Price Information

Listing Price Info

Price Summary:

  • List Price: $334,900
  • Price Per SqFt: $135/SqFt
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Housing Market Comparison

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

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Lynchburg, VA

City

Med. Sold Price

$264.7K

Med. Price/SqFt

$151

Avg. Days On Market

20

# of Sold Homes

116

1484 Rainbow Frst vs Lynchburg

58 DAYS ON ROCKET

+38 Days

$334,900

+$70.1K More

$135/SqFt

-$16 Less

KEY TAKEAWAY

This property is $70.1K more than the Median Sold Price and $16/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: #351125

Listing Office:

  • Office Name: eXp Realty LLC-Fredericksburg
  • Listing Agent: Jimmy L Rufus Jr.

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: 5/19/2024, 8:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$1,739

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,071

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3699726
2
/10

  • Linkhorne Elementary School

  • 2501 Linkhorne Dr

  • 0.54 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3699727
2
/10

  • Linkhorne Middle School

  • 2525 Linkhorne Dr

  • 0.68 miles

  • Public District Grades 6-8

High School

school-card-donut-3699728
3
/10

  • E.C. Glass High School

  • 2111 Memorial Ave

  • 2.23 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,818. Most Lynchburg, VA residents have annual incomes less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1484 Rainbow Frst

What is the listing price of this property?

The listing price of 1484 Rainbow Frst property is $334,900.

What type of property is this?

The property 1484 Rainbow Frst is a house located in Lynchburg, Virginia, 24502.

Is this property for sale now?

Active Listing: 1484 Rainbow Frst is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1484 Rainbow Frst are:
Linkhorne Elementary School: GreatSchools Rating 2/10
Linkhorne Middle School: GreatSchools Rating 2/10
E.C. Glass High School: GreatSchools Rating 3/10

How many bedrooms and bathrooms does this property have?

The property at 1484 Rainbow Frst has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1484 Rainbow Frst is 2,478 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1484 Rainbow Frst is 1964.

Rocket Homes›Virginia›Lynchburg›24502›1484 Rainbow Frst

This home is located at 1484 Rainbow Frst in Lynchburg, VA and zip code 24502 in the Linkhorne neighborhood. This 2,478 square foot home, which was built in 1964, sits on a 1.53 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 21, 2024 and is currently priced at $334,900.

In April 2024, from all listings sold in Lynchburg, VA there were more than 37 sold above asking price, over 34 sold below and more than 45 were sold right at the asked price. The number of homes for sale in Lynchburg, VA increased by 78.1% between March 2024 and April 2024. In April 2024, listings were on the market for 20 days. During the same period, the median list price in this real estate market was $264,764.

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

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