$724,000

75 Margarets Ln Lexington, VA 24450

Collierstown Neighborhood

Estimated payment $3,949/month

Total Views 11,257
4 Beds
2 Baths
1,836 Sq Ft
$394 Price per Sq Ft

Highlights

  • Hot Property
  • Deck
  • Fenced Yard
  • 16.13 Acre Lot
  • No HOA
  • Detached Garage

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

Paula Martin

LEXINGTON REAL ESTATE CONNECTION License #0225059007 Listed on: 02/04/2026

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

Parking

  • Detached Garage

Interior Spaces

  • 1,836 Sq Ft Home
  • 2-Story Property
  • Storage
  • Laundry on main level
  • Storm Doors
  • Property Views
  • Basement

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Utilities

  • Heat Pump System
  • Heating System Uses Gas
  • Tankless Water Heater

Additional Features

  • Heating system powered by active solar
  • Deck

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,189

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Interior Features: Bookcases, Storage, Walk-In Closet(s)
  • Heating System: Gas - Propane, Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial, Walk-Out Access
  • Major Appliances: Dishwasher, Range Electric, Refrigerator
  • Cooling System: Central Air
  • Outside Features: Barn(s), Deck, Fenced Yard, Shed(s)
  • Views: Mountain(s), Sunrise, Sunset
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1836.00
  • ExteriorDoors: Insulated Storm
  • LaundryLaundryEntryLevel: 1
  • Major Area: 25 - Rockbridge County
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Detached
  • Residential Type: Detached
  • Style Of House: 2 Story
  • Total Above Grd Fin S Q F T: 1836
  • TotalBdrm: 4
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1836.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Covered Porch

Utilities

  • Sewer Description: Private Septic
  • Water Description: Private Well
  • Water Heater Type: Tank-less

Association/Amenities

  • Misc Features: Private Road

Green Features

  • Energy Features: Active Solar Heat

Lot Info

  • Lot Description: Views
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 16.13

Building Info

  • Year Built: 1900

Tax Info

  • Taxes (6 mo): 2189.00

MLS Schools

  • Elementary School: Other - See Remarks
  • HighSchool: Other - See Remarks
  • Middle School: Other - See Remarks

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $16 $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
02/09/2026 02/09/26 Price Changed $724,000 -2.0% $394 / Sq Ft
02/04/2026 02/04/26 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: Roanoke Valley Association of 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: Roanoke Valley Association of REALTORS®

MLS Number: 924493

Roanoke Valley Association of REALTORS®

APN: 74-30-A

Virginia Rockbridge County Lexington 24450 Collierstown

75 Margarets Ln, Lexington, VA

For Sale

Detached

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Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Paula Martin
Listing Agent
Paula Martin
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LEXINGTON REAL ESTATE CONNECTION
(540) 726-0794