$739,000

75 Margarets Ln Lexington, VA 24450

Collierstown Neighborhood

Estimated payment $4,054/month

Total Views 6,051
4 Beds
2 Baths
1,836 Sq Ft
$403 Price per Sq Ft

Highlights

  • Stables
  • 16.13 Acre Lot
  • Wood Flooring
  • Panoramic View
  • Deck
  • Main Floor Primary Bedroom

About This Home

Enjoy peaceful country living just 10 minutes from historic downtown Lexington, home to W&L and VMI. This sweetly renovated 4-bedroom, 2-bath farmhouse sits on just over 16 beautiful acres, perfectly set up for horses or hobby farming.The property features 3 fenced paddocks, a two-stall barn with feed/tack room, run-in shelter and a riding arena. An old 1900s barn, full of character and history -- now used for hay storage but brimming with potential to be revived. The established orchard offers apples, pears, peaches, and plums-- a backyard full of bounty!Brand-new solar panels make the home energy-efficient. Inside, the farmhouse has been thoughtfully updated -- bright, inviting, and full of character.

Listing Agent

Jessie Taylor

Lexington Real Estate Connection Listed on: 11/06/2025

Co-Listing Agent

Paula Martin

Lexington Real Estate Connection

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,189

Year Built

  • Built in 1900

Lot Details

  • 16.13 Acre Lot
  • Property fronts a private road
  • Fenced Yard
  • Split Rail Fence
  • Wood Fence
  • Open Lot
  • Lot Has A Rolling Slope
  • Property is zoned Agricultural

Property Views

  • Panoramic
  • Mountain

Home Design

  • Farmhouse Style Home
  • Slab Foundation
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,836 Sq Ft Home
  • 2-Story Property
  • Shelving
  • Ceiling Fan
  • Thermal Pane Windows
  • Workshop
  • Storage

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms

Attic

  • Scuttle Attic Hole
  • Unfinished Attic

Basement

  • Walk-Out Basement
  • Partial Basement
  • Interior Basement Entry

Home Security

  • Home Security System
  • Storm Doors
  • Fire and Smoke Detector

Parking

  • Detached Garage
  • Parking Storage or Cabinetry

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed
  • Storage Shed

Location

  • Flood Zone Lot

Schools

  • Central Elementary School
  • Maury River Middle School
  • Rockbridge Co High School

Farming

  • Horse or Livestock Barn
  • Equipment Barn
  • Pasture
  • Chicken Farm

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Hay Storage
  • Stables

Utilities

  • Central Air
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Heat Pump System
  • Well
  • Septic System
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 74-30-A

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,189

Year Built

Built in 1900

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: From downtown Lexington head toward U.S. Route 11. Take 11 S for about 0.7 miles. Turn Right onto Route 251 (Collierstown Road) and continue for 2.6 miles. Stay straight as Route 251 transitions onto Union Run Road--you'll travel about 0.9 miles on Union Run. Turn left onto Margaret's Lane. Follow the driveway up to the left -- the house is on the left.
  • HistoricProperty: No
  • Listing Member Name: Jessie Lee Taylor
  • Listing Office Short Id: 80
  • Open House Office I D: 20061211170241366991000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Subdivision Yn: No
  • TotalFinSFApx: 1836.00
  • Year Built: 1900
  • Taxes Dollars: 2189.00
  • TotalAcresApx: 16.13
  • 1StFloorMstrBdrm: Yes
  • PorchDeckPatioDeck: Rear
  • PorchDeckPatioPorch: Front
  • Building Style: Farm House
  • StyleTwoStory: YES
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Interior Access, Partial, Slab, Walkout
  • Full Bathrooms: 2.00
  • Updated Floor: Carpet, Wood
  • Floor Other: laminate
  • Water Heater Other: tankless
  • Appliances: As Is, Dishwasher, Electric Range, Microwave, Oven, Refrigerator, Smoke Detector
  • Has Attic: Scuttle, Unfinished
  • Lower Floor 1 Bedrooms: 4
  • Fireplace: None
  • Interior Amenities: Book Shelves, Storage, Walk-in Closet
  • Lower Floor 1 Bedrooms: 9

Exterior Features

  • Exterior: Vinyl, Wood
  • Exterior Features: Cable Available, Ceiling Fan(s), Chickens Permitted, Deck-Rear, Horses Permitted, Porch-Front, Security System, Shed, Smoke Detector, Storage Building, Storm Door-Front, Storm Door-Rear, Thermopane Windows, View - Mountains, View - Panoramic, Workshop
  • Road Frontage: Joint Maint, Private Road
  • Roof: Shingle
  • Street: Margarets
  • Surface Water: None
  • Tax Rate: .61
  • Flood Zone: SE
  • Out Buildings: Barn(s), Equipment Shed, Garage, Hay Shed, Horse Barn, House, Stable
  • Fencing: Split Rail, Wood
  • Topography: Mixed, Open, Pasture, Rolling, Views
  • Exterior Features: Barn, Covered Porch, Deck, Fenced Yard, Porch, Storage Shed, Sunrise View, Sunset View

Garage/Parking

  • Garage Spaces: Detached, Storage

Utilities

  • Cooling: Central Cooling
  • Heating: Electric, Gas, Heat Pump(s), Liquid Propane
  • Sewer: Existing Septic
  • Utilities Available: Electric
  • Water: Well
  • Domestic Water Other: Back up well

Schools

  • Elementary School: Central
  • High School: Rockbridge Co
  • Middle School: Maury River

Lot Info

  • Zoning: Agricultural
  • Best Use: Agricultural, Bed & Breakfast, Farming, Horses, Residential
  • Current Use: Horses, Residential, Vacation Rental

Tax Info

  • Tax Map Number: 74-30-A
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,732 $358,800 $158,300 $200,500
2024 $1,645 $358,800 $158,300 $200,500
2023 $1,645 $358,800 $158,300 $200,500
2022 $1,063 $232,800 $148,300 $84,500
2021 $1,063 $232,800 $148,300 $84,500
2020 $1,063 $232,800 $148,300 $84,500
2019 $1,048 $232,800 $148,300 $84,500
2018 $1,004 $232,800 $148,300 $84,500
2017 $1,004 $232,800 $148,300 $84,500
2016 $1,067 $234,600 $138,300 $96,300
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/06/2025 11/06/25 For Sale $739,000 +17.3% $403 / Sq Ft
03/08/2024 03/08/24 Sold $630,000 -6.7% $343 / Sq Ft View Prior Sale
01/26/2024 01/26/24 Pending -- -- --
10/27/2023 10/27/23 For Sale $675,000 -- $368 / Sq Ft
Source: Rockbridge Highlands REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $630,000 Universal Title
Deed $250,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $598,500 New Conventional
Previous Owner $200,000 New Conventional
Source: Public Records

Source: Rockbridge Highlands REALTORS®

MLS Number: 139656

APN: 74-30-A

Virginia Rockbridge County Lexington 24450 Collierstown

75 Margarets Ln, Lexington, VA

For Sale

Detached

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Listing Agent
Jessie Taylor
Section Image
Lexington Real Estate Connection
(540) 726-0794