368 Rainbow Cir, Independence, VA 24348 Property Records

Grayson County property record for 368 Rainbow Cir, Independence, VA 24348

Property Summary

Property Type	Single Family Home
Details	3 bd · 2 ba · 1,534 sqft · built 1970
Lot Size	0.572 acres (24,955 sqft)
Owner	Individual Name on Record
Last Sale	$205,000 (Jul 2022)
Tax Bill	$748 (2025)
Deeds & Mortgages	Apr 2018 Mortgage Jul 2022 Sale & Mortgage + 3 more
Flood Zone	Zone X (minimal risk)
APN	`73A3-2-9+`

Property Details

APN / Parcel Number

Primary APN	`73A3-2-9+`
Alternative APN	`10842`

Interior

Bedrooms	3 Beds
Full Baths	2 Baths
Total Rooms	5 Rooms
Stories	1 Story
Building Area	1,534 sqft Living Area
Gross Area	4,120 sqft
1st Floor Area	1,534 sqft
Basement Area	1,534 sqft
Unfinished Basement	1,534 sqft
Flooring	Vinyl/Resilient
Interior Walls	Wallboard/Drywall
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1970
Effective Year Built	Effective 1992
Exterior Material	Brick
Roof Type	Gable
Roof Material	Composition Shingle
Lot Area	24,955 sqft (0.572 acres)
Terrain	Rolling

Exterior Amenities

Porch	Slab
Porch Area	75 sqft
Deck Area	430 sqft
Patio Area	546 sqft
Storage Building	160 sqft

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Heat Pump
Heating Fuel	Electric
Sewer	Municipal
Water Source	Commercial

Location & Zoning

Account Number	10842
Street Address	368 RAINBOW CIR
City	INDEPENDENCE
State	VA
Zip	24348-3834
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	TOWN
Legal Description	LOTS 73A3-2-9 8
Legal Subdivision	RAINBOW HILL SD
Legal Block	2
Legal Lot Number	9
Jurisdiction	GRAYSON VA
Township / Civil Division	ELK CREEK
Census Block Group	3
Census Block	3025
Census Tract	60201

Owner

Source: Grayson County records, as of June 2, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Individual Name on Record
Mailing Address	368 RAINBOW CIR, INDEPENDENCE, VA 24348-3834
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Apr 20, 2018	Deed of Trust, Mortgage · Conventional Mortgage 3RD PARTY INDIVIDUAL
Jul 1, 2022	Warranty Deed, Transfer · Conventional Mortgage THE FIRST BANK AND TRUST COMPANY
Oct 19, 2020	Warranty Deed, Transfer · FHA Mortgage QUICKEN LOANS LLC
Oct 19, 2020	Warranty Deed, Transfer · FHA Mortgage QUICKEN LOANS LLC
Jul 20, 2018	Warranty Deed, Transfer · Conventional Mortgage PARTY III

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 1, 2022 · Amount on Record
Deed Sale	Jul 1, 2022 · Amount on Record
Prior Sale	Oct 19, 2020 · Amount on Record
Deed Document Number	20221450
Deed Book / Page	672 / 723
Record Updated	Sep 20, 2026

April 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	GRAYSON VA
Property Address	368 RAINBOW CIR, INDEPENDENCE, VA 24348-3834
Transaction Type	Mortgage
Record Updated	Sep 6, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000618/37
Date	Apr 20, 2018
Book Page	618/37
Instrument	180000775

Lender

Name	3RD PARTY INDIVIDUAL
Type	Private Party

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	240 Months
Due	Apr 1, 2038

Interest

Rate Type	Fixed Rate

July 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	GRAYSON VA
Recording Date	Jul 1, 2022
Property Address	368 RAINBOW CIR, INDEPENDENCE, VA 24348-3834
Document Number	000672/723
Book / Page	672 / 723
Instrument Date	Jul 1, 2022
Instrument	220001450
Transaction Type	Transfer
Record Updated	Sep 6, 2022
Title Company	APPALACHIAN TITLE AND ABSTRACTIN, APPALACHIAN TITLE & STLMNT

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	368 RAINBOW CIR, INDEPENDENCE, VA 24348-3834

Mortgage

Document Number	0220001451
Date	Jul 1, 2022
Instrument	220001451

Lender

Name	THE FIRST BANK AND TRUST COMPANY

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	294 Months
Due	Jan 1, 2047

Interest

Rate Type	Fixed Rate
Rate	2.25%

October 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	GRAYSON VA
Recording Date	Oct 19, 2020
Property Address	368 RAINBOW CIR, INDEPENDENCE, VA 24348-3834
Document Number	647/263
Book / Page	647 / 263
Instrument Date	Oct 19, 2020
Instrument	200002067
Transaction Type	Transfer
Record Updated	Feb 7, 2021
Title Company	ATTORNEY

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	368 RAINBOW CIR, INDEPENDENCE, VA 24348-3834

Mortgage

Document Number	200002068
Date	Oct 19, 2020
Instrument	200002068

Lender

Name	QUICKEN LOANS LLC

Agreement

Type	FHA Mortgage
Amount	Amount Recorded

Interest

Rate Type	Fixed Rate

October 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	GRAYSON VA
Recording Date	Oct 19, 2020
Property Address	368 RAINBOW CIR, INDEPENDENCE, VA 24348-3834
Document Number	000647/263
Book / Page	647 / 263
Instrument Date	Oct 19, 2020
Instrument	200002067
Transaction Type	Transfer
Record Updated	Sep 6, 2022
Title Company	ATTORNEY ONLY, ATTORNEY

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	368 RAINBOW CIR, INDEPENDENCE, VA 24348-3834

Mortgage

Document Number	0200002068
Date	Oct 19, 2020
Instrument	200002068

Lender

Name	QUICKEN LOANS LLC

Agreement

Type	FHA Mortgage
Amount	Amount Recorded

Interest

Rate Type	Fixed Rate

July 2018: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	GRAYSON VA
Recording Date	Jul 20, 2018
Property Address	368 RAINBOW CIR, INDEPENDENCE, VA 24348-3834
Document Number	000620/911
Book / Page	620 / 911
Instrument Date	Jul 20, 2018
Instrument	180001378
Transaction Type	Transfer
Record Updated	Sep 6, 2022

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	368 RAINBOW CIR, INDEPENDENCE, VA 24348-3834

Mortgage

Document Number	0180001379
Date	Jul 20, 2018
Instrument	180001379

Lender

Name	PARTY III
Type	Private Party

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded

Interest

Rate Type	Fixed Rate

Tax Assessment & Valuation

Source: Grayson County assessment roll, as of June 1, 2026

Property Jurisdictions

Type	Name
State	Virginia
County	Grayson County
Municipality	Independence Town
Unified School District	Grayson County Public Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$748.00	$129,000 (-) Land $11,000 Building $118,000	$129,000 (-) Land $11,000 Building $118,000
2023		$129,000 Land $11,000 Building $118,000	$129,000 Land $11,000 Building $118,000

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective August 28, 2008 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	3 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Moderate above 42% of the US · above 69% of Virginia
Wildfire Likelihood	0.08% annual chance
Exposure	Indirect within ember reach
Adjoins Burnable Land	Yes

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	TOWN OF INDEPENDENCE serves 971 people · EPA ID VA1077335
Water Source	Purchased groundwater influenced by surface water from VIRGINIA CAROLINA WATER AUTHORITY
Last State Inspection	May 2023
Lead	Under 1 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	1 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 30 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	1,200 / 35
Lingo Networks Fiber	1,000 / 1,000
GigaBeam Networks Fixed Wireless	100 / 20

May also be available: Citizens Telephone Cooperative.

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