1 day on Rocket
$4,032 Closing Credit¹
#360051, Asia Watson, Listing office: Keller Williams
$345,000 List price
1246 Rainbow Forest Dr Lynchburg, VA 24502
$4,097
Closing credit¹
3 beds
3 full
2,700 sqft
0.5 acres
$128 / sqft
House
Property details
About 1246 Rainbow Forest Dr
Beautiful brick home in the Brookville School district, featuring a pristine in-ground pool! The main level features a nice living room with bay windows and a gas fireplace framed by built-in shelves. A formal dining room connects to the modern kitchen, with convenient carport access. Two bedrooms, including a primary suite, and two full baths complete the main floor; the larger bedroom can easily revert to two separate bedrooms for three total on the main level. The basement includes a second kitchen, living area, third bedroom, and full bath, ideal for guests or rental income. Enjoy summer by the pool in the fenced, level backyard with a patio, grilling area, and shed. Come and tour this home today!
Highlights
Home typeSingle Family Residence
HeatingHeat Pump, Zoned
StatusAccepting Backup Offers
(Actv 1st RghtofRefus)
(Actv 1st RghtofRefus)
CoolingHeat Pump, Zoned
Size2,700 sqft
BasementYes
Lot size0.5 Acres
Year built1971
MLS #359924
FireplaceGas Log, Living Room
ViewOther
Summary
- Full Bathrooms: 3
- Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
- Basement: Yes
- Flooring Type: Ceramic Tile, Hardwood, Vinyl Plank
- Interior: Ceiling Fan(s), Drywall, Main Level Bedroom, Primary Bed w/Bath, Separate Dining Room, Smoke Alarm, Basement, Dryer Connection, Washer Connections
- Fireplace: Gas Log, Living Room
- Total Bedroom Count: 3
- View: Other
- Exterior: Off-Street Parking, Patio, Paved Drive, Concrete Drive, Fenced Yard, Landscaped, Storm Doors, Insulated Glass
- Architectural Style: Ranch
- Heating: Heat Pump, Zoned
- Cooling: Heat Pump, Zoned
- List Price: $345,000
- Price/SqFt: $127
- HOA Amount: $0
- Annual Tax Amount: $1,036
- Tax Year: 2024
- Directions: Laxton Rd to Rainbow Forest Dr, or Waterlick Rd to Rainbow Forest Dr.
- Year Built: 1971
- Stories: 1
- Living Area: 2,700 SqFt
- Lot Size: 0.5 Acres
- MLS Number: 359924
- MLS Name: Lynchburg
- Office Name: LPT Realty, Inc
- Listing Agent: Mason Kiffmeyer
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: 6/21/2025, 3:45:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$345,000
1246 Rainbow Forest Dr
$4,097
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 27, 2022 | Home Sold | $300,000 |
| Sep 14, 2015 | Home Sold | $171,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $230,300 | $1,036 |
| 2023 | $230,300 | $1,036 |
| 2022 | $180,500 | $938 |
| 2021 | $180,500 | $939 |
| 2020 | $137,500 | $938 |
| 2019 | $180,500 | $715 |
| 2018 | $137,500 | $715 |
| 2017 | $137,500 | $715 |
History based on county public records data.
Nearby schools
6
Tomahawk Elementary School
Public District PK-5
1.0 mi
•155 Bee Dr
8
Thomas Jefferson Elementary School
Public District PK-5
2.0 mi
•1255 Patriot Pl
6
Leesville Road Elementary School
Public District PK-5
2.4 mi
•25 Lewis Way
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $55,804. The majority of Lynchburg, VA residents have income between $35k-100k annually. Most families are married, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
28%
<35k
62%
35k-100k
9%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
32%
Single, No Kids
7%
Single, with Kids
42%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
16%
18-34 yrs old
35%
35-64 yrs old
30%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Horse Races
College Basketball
Where do the neighbors shop?
Stein Mart
Dillards
Chico's
Where do the neighbors go to eat?
Bonefish Grill
LongHorn Steakhouse
Logan's Roadhouse
What do the neighbors drive?
Lincoln
Buick
Hyundai
What do the neighbors listen to?
Classical
Contemporary Inspirational
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1246 Rainbow Forest Dr
The listing price of 1246 Rainbow Forest Dr property is $345,000.
The property 1246 Rainbow Forest Dr is a house located in Lynchburg, Virginia, 24502.
Accepting Backup Offers: 1246 Rainbow Forest Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 1246 Rainbow Forest Dr are: Tomahawk Elementary School (GreatSchools Rating 6/10), Thomas Jefferson Elementary School (GreatSchools Rating 8/10), Leesville Road Elementary School (GreatSchools Rating 6/10), Brookville Middle School (GreatSchools Rating 4/10), Forest Middle School (GreatSchools Rating 7/10), Sandusky Middle School (GreatSchools Rating 3/10), Brookville High School (GreatSchools Rating 5/10), Heritage High School (GreatSchools Rating 2/10), Jefferson Forest High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $1,036 (source: MLS/based on county public records data).
The last sale was on June 27, 2022 for $300,000 (source: MLS/tax record).
The property at 1246 Rainbow Forest Dr has 3 bedrooms and 3 bathrooms.
The property 1246 Rainbow Forest Dr is 2,700 SqFt (source: MLS/tax record).
The year of construction for 1246 Rainbow Forest Dr is 1971.
This home is located at 1246 Rainbow Forest Dr in Lynchburg, VA and zip code 24502. This 2,700 square foot home, which was built in 1971, sits on a 0.50 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 13, 2025 and is currently priced at $345,000.
In May 2025, from all listings sold in Lynchburg, VA there were more than 42 sold above asking price, over 52 sold below and more than 36 were sold right at the asked price. The number of listings in Lynchburg, VA decreased by 5% between April and May 2025. The median list price of listings available in May 2025 was $285,000, while the average time on the real estate market was 27 days.
From Rocket Homes Real Estate and based on county public records data.