Opportunity meets location in the heart of Nelson County. This Arrington property, just a short walk to Lake Nelson, offers the perfect blend of peaceful living and income potential. Ideal for first-time buyers or investors, it's conveniently located between Charlottesville and Lynchburg with easy access to Route 29 and the renowned Nelson 151 wine and brew trail. Surrounded by wineries, breweries, and outdoor recreation, this area attracts visitors' year-round making it a prime candidate for short-term rental income. The home features a comfortable layout ready for your personal touch, whether you're looking to move in or furnish for Airbnb use. Enjoy the quiet setting and strong upside in one of Central Virginia's most desirable destinations. Opportunities like this don't come around often, so don't miss your opportunity.
Sold for $181,500
$181,500
542 Lake Nelson Ln, Arrington, VA 22922
2beds
800sqft
Single Family Residence
Built in 1985
0.53 Acres Lot
$183,200 Zestimate®
$227/sqft
$1,459 Estimated rent
Home value
$183,200
Estimated sales range
Not available
$1,459/mo
Zestimate® history
Owner options
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$849/mo
Est. payment
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Est. payment
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Comfortable layout
Zillow last checked:
Listing updated:
Listed by:
Mark Tomlin 434-941-1814 MarkTomlin@kw.com,
Keller Williams
Bought with:
OUT OF AREA BROKER
OUT OF AREA BROKER
Source: LMLS,MLS#: 365158
Originating MLS: Lynchburg Board of Realtors
Originating MLS: Lynchburg Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: First
- Area: 168
- Dimensions: 14 x 12
Bedroom
- Dimensions: 0 x 0
Bedroom 2
- Level: First
- Area: 154
- Dimensions: 14 x 11
Bedroom 3
- Area: 0
- Dimensions: 0 x 0
Bedroom 4
- Area: 0
- Dimensions: 0 x 0
Bedroom 5
- Area: 0
- Dimensions: 0 x 0
Dining room
- Area: 0
- Dimensions: 0 x 0
Family room
- Area: 0
- Dimensions: 0 x 0
Great room
- Area: 0
- Dimensions: 0 x 0
Kitchen
- Level: First
- Area: 144
- Dimensions: 12 x 12
Living room
- Level: First
- Area: 255
- Dimensions: 17 x 15
Office
- Area: 0
- Dimensions: 0 x 0
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Electric Range, Refrigerator, Electric Water Heater
- Laundry: In Basement, Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s), Drywall, High Speed Internet, Main Level Bedroom
- Flooring: Carpet, Vinyl
- Basement: Exterior Entry,Full,Interior Entry,Walk-Out Access
- Attic: Access
Interior area
- Total structure area: 800
- Total interior livable area: 800 sqft
- Finished area above ground: 800
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street
Features
- Levels: One
- Patio & porch: Patio, Front Porch
Lot
- Size: 0.53 Acres
Details
- Parcel number: 77A6C83
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Metal
Condition
- Year built: 1985
Utilities & green energy
- Electric: Central VA Electric
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available
Community & HOA
Location
- Region: Arrington
Financial & listing details
- Price per square foot: $227/sqft
- Tax assessed value: $95,000
- Annual tax amount: $890
- Date on market: 3/19/2026
- Cumulative days on market: 15 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Sold | $181,500-0.8%$227/sqft |
Source:  LMLS #365158 Report a problem | ||
| 4/4/2026 | Pending sale | $183,000+2.2%$229/sqft |
Source: LMLS #365158 Report a problem | ||
| 3/19/2026 | Listed for sale | $179,000+92.5%$224/sqft |
Source: LMLS #365158 Report a problem | ||
| 2/11/2021 | Sold | $93,000-6.1%$116/sqft |
Source: Public Record Report a problem | ||
| 11/22/2020 | Price change | $99,000+4.2%$124/sqft |
Source: Owner Report a problem | ||
| 8/20/2020 | Pending sale | $95,000$119/sqft |
Source: Owner Report a problem | ||
| 6/26/2020 | Listed for sale | $95,000$119/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $618 | $95,000 |
| 2023 | $618 | $95,000 |
| 2022 | $618 +3.2% | $95,000 +14.3% |
| 2021 | $598 | $83,100 |
| 2020 | $598 | $83,100 |
| 2019 | $598 | $83,100 |
| 2018 | -- | $83,100 -15.2% |
| 2017 | -- | $98,000 |
| 2016 | $706 | $98,000 |
| 2015 | $706 | $98,000 |
| 2014 | $706 | $98,000 +2.5% |
| 2012 | -- | $95,600 |
| 2011 | -- | $95,600 |
| 2010 | -- | $95,600 |
Find assessor info on the county website
Neighborhood: 22922
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Nearby schools
GreatSchools rating
- 6/10Tye River Elementary SchoolGrades: PK-5Distance: 2.5 mi
- 7/10Nelson Middle SchoolGrades: 6-8Distance: 3.3 mi
- 4/10Nelson County High SchoolGrades: 9-12Distance: 3.3 mi
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- Virginia
- Nelson County
- Arrington
- 22922
- 542 Lake Nelson Ln
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