Sold

318 Fairfield Ln

Troutville, VA 24175 · Rainbow Forest

Sold for $385,000

on Jun 8, 2026

  • 4beds
  • 2baths
  • 2,680sq ft
  • 0.56acres
  • 1973built

Listed by West Lake Real Estate

About this home.

Beautifully maintained open floorplan ranch, hickory hardwood floors and a spacious great room centered around a granite island. Updated kitchen with stainless steel appliances. Hall bath features a skylight for added natural light. The generous primary suite includes a sitting area and a remodeled bath with soaking tub & tiled shower. It also includes an unbelievable walk in closet that you have to see to believe. A flexible bonus room on the lower level can function as a 4th bedroom or office. Replacement tilt-in windows throughout. Enjoy the large, flat, private yard from the 3-season sunroom or the expansive deck. Property includes a storage building and two driveways providing ample parking for extra vehicles, RV, or boat. Click on the ''more'' button for an info sheet on all updates There is a neighborhood lake (Rainbow Forest Lake), that the family can play in, swim in and fish in. Membership is voluntary and only $125 a year for the entire household.

Stone paver firepit installed in backyard in 2019, Upgraded ceiling fans in every bedroom all with wireless remotes, Upgraded several light switches and outlets in various locations throughout the house some are smart switches.

Completely remodeled the master bedroom suite to include new laminate plank flooring, accent wall, new electrical wiring throughout with new outlets and switches, electric fireplace installed, constructed a walk-in closet inside the master suite with shelving, cabinets, and clothes rods. All in 2020 Eliminated a closet in basement living room and replaced the flooring in that area with Vinyl plank flooring to facilitate a more open floorplan and spot for desk allowing easy chair rolling in 2026.

Installed a 25 ft. flagpole in front yard complete with hardwired and switched dusk till dawn floodlights in 2020, 5 exterior ring cameras included with sale, Dusk till dawn porch lights at front and bottom side doors, replaced worn deck boards on the back deck, repainted rails, and repainted boards with Behr deck over for longevity in 2026.

Gas log (LP) fireplaces in both upstairs and downstairs living rooms, Gas range (LP) added in 2024, LP tank is owned, not rented, Heat pump was just checked and recharged in 2025. Two storage rooms under deck accessible from outside under deck, two door large entrance shed less then 10 years old in back yard with loft for even more storage, Washer and dryer less then 6 years old conveys, 1.5 inch faux wood levlor blinds throughout house, 2018 new water heater, 2018 granite, 2009 roof, 2010, 3 ton heat pump.

Facts and features.

The home

Type
House (Single Family Residence)
Style
Ranch

Inside

Basement
Walk-Out Access
Finished basement
1,104 sq ft
Fireplaces
2
Flooring
Wood

Outside and lot

Lot setting
Level
Water
Pond

Utilities

Heating
Heat Pump Electric, Baseboard Electric
Cooling
Heat Pump Electric, Ductless
Water source
Other - See Remarks

Community

Subdivision
Rainbow Forest
HOA dues
None
Community features
Beach Access
County
Botetourt County

The listing

Annual tax
$2,457 (from the listing)
Source
Roanoke Valley Association of REALTORS® MLS #925581

Price and status history.

14

days on market

97%

of the original asking price

DateEventPrice
Jun 8, 2026Sold$385,000
Mar 17, 2026Listed for sale$394,950

Price per square foot

This home$144
Troutville house median, 2026$176

Sale price per finished square foot, compared with the median of 93 houses sold in Troutville in 2026. 18% below the median.

Location.

318 Fairfield Ln, Troutville, VA 24175

Listing information

Listing courtesy of West Lake Real Estate.

Displayed by GRAVITY Real Estate Group.

Information last updated .

Listing information is provided 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. Information is deemed reliable but is not guaranteed and should be independently verified. Listings are courtesy of the listing brokerage shown with each property.

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