Why Live in Margo
Margo, a rural neighborhood in Spotsylvania, Virginia, is highly regarded for its proximity to Lake Anna, which serves as the focal point for local recreation and dining. The area features large lots of land, often exceeding an acre, providing a peaceful pastoral atmosphere. Housing options range from affordable ranch-style homes and Cape Cods to luxurious lakeside retreats with private docks. The Spotsylvania County Public School District, recognized for its quality music education, serves the community. Outdoor enthusiasts will appreciate Lake Anna State Park's hiking trails, campgrounds, and water activities such as boating, fishing, and kayaking. Chewning Park offers additional recreational options with playgrounds, baseball fields, and picnic areas. Local amenities include the 208 Variety Store for quick snacks and gas, Keystone Grocery for weekly shopping, and dining options like Lake Anna Hideaway and Vito’s on Lake Anna. Nearby Mineral hosts community events like the Fall Festival and a weekly farmers market. Margo is approximately 74 miles from Washington, D.C., making it feasible for weekend trips to the nation's capital. The neighborhood's low crime risk compared to the national average adds to its appeal for potential homebuyers seeking a serene, outdoor-centric lifestyle.
Home Trends in Margo, VA
On average, homes in Margo, Spotsylvania sell after 65 days on the market compared to the national average of 69 days. The median sale price for homes in Margo, Spotsylvania over the last 12 months is $545,000, up 28% from the median home sale price over the previous 12 months.
Median Sale Price
$545,000
Median Single Family Sale Price
$474,900
Median Townhouse Sale Price
$1,255,000
Median 2 Bedroom Sale Price
$789,000
Average Price Per Sq Ft
$290
Number of Homes for Sale
11
Last 12 months Home Sales
77
Median List Price
$530,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
28%