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Margo

Margo

$579,606 Average Value
$259 Average Price per Sq Ft
10 Homes For Sale

Margo means “pearl,” fitting for an area whose crowning jewel is a body of water. Driving through the rural community, you can tell how much everyone treasures Lake Anna, a multitude of marinas and restaurants named after the lake. “Many people move here because of the proximity to Lake Anna,” says Anne Corbin with Long & Foster Real Estate, Inc., resident and Realtor with nine years of experience.

East of the lake in Spotsylvania County, Margo features large lots of land for single-family homes, giving it a peaceful pastoral feel. Having over an acre of land is easy to come by no matter what your budget is. “There’s a range of housing, some that are inexpensive and some in the millions. It’s a very eclectic area price-wise. You can definitely find what you’re looking for,” Corbin says. Further from the lake but with plentiful yardage, buy ranch-style houses for around $358,200 or Cape Cods for about $281,500. Closer to the water and secluded by woodlands, you can find more ranch-style homes for around $333,800. For those seeking a lakeside retreat in the woods, a new construction house with its own private dock and views overlooking the water can go for $1.7 million.

Students in Margo go to the Spotsylvania County Public School District, which earns a B grade according to Niche and has a student-teacher ratio of 16-to-1. Schools include Livingston Elementary School, Post Oak Middle School and Spotsylvania High School. On Niche, all three schools earn B-minus grades. The district has been designated one of the Best Communities for Music Education by The NAMM Foundation for high-quality musical fine arts.

Margo has abundant outdoor recreation, especially at Lake Anna State Park. “Living by the lake means you can certainly boat and relax on the beach,” Corbin says. The state park also has hiking trails, cabins to stay in and campgrounds. There's no end to the water activities from fishing to kayaking and canoeing. At Anna Point Marina, launch boats off wide ramps for jaunts on the water. For a park on dry land, head to Chewning Park for playgrounds, baseball fields and a picnic pavilion.

The area has local retail for basics like groceries and a few restaurants. The 208 Variety Store offers a deli and snacks to pick up as you get gas at the station. To stock up on the week’s food, head to Keystone Grocery. As for local restaurants, Lake Anna Hideaway offers seafood in a laidback but colorful interior with a large bar. Vito’s on Lake Anna has Italian fare in a dimly lit dining room or a large patio ideal for date night.

As for local events, the town of Mineral, a stone’s throw away across the lake, hosts many community get-togethers. At the Fall Festival, bring costumed children to trick-or-treat at the booths, where you can buy arts and crafts or snacks. The area also has a weekly farmers market during summer and autumn months where you can find locally grown produce, meats and home products.

About 74 miles from Washington, D.C., Margo residents can travel to the nation’s capital via Interstate 95 North. For weekend trips in the nation’s capital, visit the Tidal Basin, monuments and Smithsonian museums. In Margo, enjoy a rural community centered around Lake Anna and the state park for an outdoorsy lifestyle.

Anna Anderson
Written By
Anna Anderson
Tyson Le
Photography Contributed By
Tyson Le
Bill Jennings
Video By
Bill Jennings

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Juliet Mayers, an experienced agent in this neighborhood.

Parks in this Area

Margo Demographics and Home Trends

Housing Trends

Median List Price
$487,450
Median Sale Price
$474,900
Median Single Family Sale Price
$425,000
Median Townhouse Sale Price
$315,000
Median 2 Bedroom Sale Price
$789,000
Median Change From 1st List Price
1%
Last 12 months Home Sales
67
Median Home Sale Price YoY Change
12%
Average Price Per Sq Ft
$259

Neighborhood Facts

Number of Homes in Neighborhood
4,147
Number of Homes for Sale
10
Median Year Built
1994
Months of Supply
1.80
Average Single Family Home Size Sq Ft
2,064
Above the national average
1,924
Average Townhouse Size Sq Ft
1,474
Average 2 Bedroom Size Sq Ft
1,285
Median Lot Size Sq Ft
45,738

Open Houses

  • Sunday, Aug 3
    11am - 2pm

    11523 Red Rock Ln, Bumpass, VA 23024

    $689,000

    • 4 Beds
    • 2.5 Baths
    • 2,384 Sq Ft
    • 11523 Red Rock Ln

    WATERFRONT HOME AT $689,000! CALL FOR OFFERS! This property is "serene and private". A 4-bedroom, 2 1/2 bath home, with a recently painted interior, is MOVE-IN-READY! New laminate floors, new carpet, and a 16 x 20 screened porch addition with a grilling deck are just a few of the home's upgrades (FEATURE SHEET AND PLAT IN DOCUMENTS). The Hot Tub and pond add to the serenity this home

    Agent Photo
    Elizabeth Wilson
    Long & Foster Real Estate, Inc.
    (540) 787-2454
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  • Saturday, Aug 2
    1 - 3pm

    8301 Seays Rd, Spotsylvania, VA 22551

    $599,999

    • 4 Beds
    • 2.5 Baths
    • 2,400 Sq Ft
    • 8301 Seays Rd
    • New 19 days ago

    Welcome to Country Living at Its Finest! Bring the kids, bring the friends, bring the animals. Nestled on 3 stunning mostly open acres, this fully renovated 4-bedroom home offers the perfect balance of privacy and convenience—just minutes from schools, shops, and everyday amenities. Handsome white wooden fence on the exterior with a circular driveway and space for numerous vehicles. No Hoa!

    Mari Kelly Long & Foster Real Estate, Inc.

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  • Saturday, Aug 2
    11am - 1pm

    12819 Faulconers Ct, Spotsylvania, VA 22551

    $599,000

    • 4 Beds
    • 2.5 Baths
    • 2,364 Sq Ft
    • 12819 Faulconers Ct
    • New 16 days ago

    Welcome to 12819 Faulconers Court — where modern comfort meets private country living!Property Highlights:4 spacious bedrooms2.5 bathroomsNestled on a peaceful and private 3.7-acre lotBuilt just 2 years ago – like-new conditionInterior Features:Luxury Vinyl Plank (LVP) flooring throughout main living areasGourmet kitchen

    Beth Pannell 1st Choice Better Homes & Land, LC

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Juliet Mayers, an experienced agent in this neighborhood.

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
16,964
Median Age
45
Population Density
1 person/acre
Population under 18
21.9%
On par with the national average
23.8%
Population over 65
22.6%
On par with the national average
19.1%

Finances

Median Household Income
$101,535
Significantly above the national average
$71,702
Average Household Income
$120,434

Education and Workforce

High School Graduates
89.3%
College Graduates
25.3%
Below the national average
34.1%
Advanced Degrees
8.8%
On par with the national average
13.3%
% Population in Labor Force
62.9%

Weather

Annual Precipitation
44''
Average Winter Low Temperature
25°F
Average Summer High Temperature
88°F
Annual Snowfall
23''

Area Factors

Somewhat Bikeable

Bike Score®

20 / 100

Car-Dependent

Walk Score®

0 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Margo