For sale

$379,000

26 King Rail Ln, Lexington, VA 24450

3beds

1,370sqft

$2,261/mo

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Single Family Residence

Built in 1932

0.5 Acres Lot

$365,800 Zestimate^®

$277/sqft

$-- HOA

What's special

Expansive rear patioCovered front porchDining areaSpacious primary suite

Completely renovated from top to bottom, this cottage blends modern comfort with proven investment potential. Property offers an outstanding opportunity as a primary residence, second home, or income-producing property. The spacious primary suite features a beautifully upgraded bath with a walk-in shower, while the inviting living room, dining area, and kitchen create welcoming spaces for everyday living and entertaining. Upstairs, two guest bedrooms share a full bath. Relax on the covered front porch or host gatherings on the expansive rear patio. Property is located in the heart of the highly desirable Washington and Lee rental market.

22 days

876

39

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Forced Air, Heat Pump

Cooling

Central Air, Wall Unit(s), Window Unit(s)

Appliances

Included: Dishwasher, Microwave, Oven, Refrigerator, Electric

Features

Ceiling Fan(s)
Flooring: Tile, Luxury Vinyl
Basement: Crawl Space

Interior area

Total structure area: 1,370
Total interior livable area: 1,370 sqft

Property

Parking

Parking features: Paved Driveway
Has uncovered spaces: Yes

Features

Patio & porch: Covered Porch, Patio

Lot

Size: 0.5 Acres

Details

Additional structures: Storage Shed
Parcel number: 61A1A6
Zoning: Agricultural
Zoning description: Agricultural

Construction

Type & style

Home type: SingleFamily
Architectural style: Cottage
Property subtype: Single Family Residence

Materials

Roof: Shingle

Condition

Year built: 1932

Utilities & green energy

Sewer: Existing Septic

Community & HOA

HOA

Has HOA: No

Location

Region: Lexington

Financial & listing details

Price per square foot: $277/sqft
Tax assessed value: $236,500
Annual tax amount: $1,513
Date on market: 7/1/2026

Estimated market value

$365,800

$348,000 - $384,000

$1,703/mo

Price history

Date	Event	Price
7/1/2026	Listed for sale	$379,000+1.1%$277/sqft
Source: Rockbridge Highlands REALTORS® #140129 Report a problem
1/3/2024	Listing removed	--
Source: CAAR #644554 Report a problem
10/17/2023	Price change	$375,000-10.5%$274/sqft
Source: Rockbridge Highlands REALTORS® #137919 Report a problem
8/4/2023	Listed for sale	$419,000+139.4%$306/sqft
Source: Rockbridge Highlands REALTORS® #137919 Report a problem
11/23/2021	Listing removed	--
Source: Rockbridge Highlands REALTORS® #136334 Report a problem
8/23/2021	Listed for sale	$175,000+59.1%$128/sqft
Source: Rockbridge Highlands REALTORS® #136334 Report a problem
5/4/2021	Sold	$110,000-15.3%$80/sqft
Source: Rockbridge Highlands REALTORS® #136012 Report a problem
4/2/2021	Pending sale	$129,900$95/sqft
Source: CAAR #610998 Report a problem
3/10/2021	Price change	$129,900+0.7%$95/sqft
Source: CAAR #610998 Report a problem
1/27/2021	Pending sale	$129,000$94/sqft
Source: CAAR #610998 Report a problem
11/18/2020	Listed for sale	$129,000$94/sqft
Source: CAAR #610998 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,443	$236,500
2023	--	$236,500
2022	--	$236,500 +115.2%
2021	--	$109,900
2020	--	$109,900
2018	--	$109,900
2017	$817	$109,900 -1.1%
2016	$817	$111,100
2015	--	--
2014	--	--
2013	--	--
2010	--	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 24450

Getting around

18 / 100

Car-Dependent

18 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

5/10
Central Elementary School
Grades: PK-5Distance: 1.5 mi
5/10
Maury River Middle School
Grades: 6-8Distance: 2.2 mi
6/10
Rockbridge County High School
Grades: 9-12Distance: 0.3 mi

Schools provided by the listing agent

Elementary: Central
Middle: Maury River
High: Rockbridge Co

Source: Rockbridge Highlands REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.