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For sale
    • Price cut: $25.9K (6/17)
    $649,000

    75 Margarets Ln, Lexington, VA 24450

    4beds
    1,836sqft
    : 
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    Single Family Residence
    Built in 1900
    16.13 Acres Lot
    $636,900 Zestimate®
    $353/sqft
    $-- HOA

    What's special

    Riding arenaRun-in shelterBackyard full of bounty
    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. This property is a perfect retreat for horse lovers or anyone seeking solace in Rockbridge County's picturesque countryside all within minutes of town.
    162 days
    |
    1,226
    |
    73
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    PAULA J MARTIN 540-460-1019,

    LEXINGTON REAL ESTATE CONNECTION 540-463-2016

    Source: RVAR,MLS#: 924493MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Bedroom 1
      • Description: 13.5x11.5
      • Level: E
      Bedroom 2
      • Description: 11.41x9.66
      • Level: U
      Bedroom 3
      • Description: 16.58x13.5
      • Level: U
      Bedroom 4
      • Description: 13.5x11.5
      • Level: U
      Dining room
      • Description: 13.58x11.58
      • Level: E
      Family room
      • Description: 19.41x13.33
      • Level: U
      Kitchen
      • Description: 19.33x9.58
      • Level: E
      Laundry
      • Description: 12x7.66
      • Level: E
      Living room
      • Description: 13.33x19.25
      • Level: E
      Office
      • Description: 19.41x6.25
      • Level: U
      Heating
      • Gas - Propane, Heat Pump Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Electric Range, Refrigerator
      Features
      • Storage
      • Flooring: Carpet, Laminate, Wood
      • Doors: Storm Door(s)
      • Windows: Insulated Windows
      • Has basement: Yes
      Interior area
      • Total structure area: 1,836
      • Total interior livable area: 1,836 sqft
      • Finished area above ground: 1,836

      Property

      Parking
      • Parking features: Detached
      • Has garage: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck
      • Fencing: Fenced
      • Has view: Yes
      • View description: Sunrise, Sunset
      Lot
      • Size: 16.13 Acres
      • Features: Views
      Details
      • Parcel number: 7430A

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Vinyl, Wood
      Condition
      • Completed
      • Year built: 1900

      Utilities & green energy

      • Electric: 0 Phase
      • Water: Well
      Green energy
      • Energy efficient items: Active Solar Heat

      Community & HOA

      Community
      • Subdivision: N/A
      HOA
      • Has HOA: No
      Location
      • Region: Lexington

      Financial & listing details

      • Price per square foot: $353/sqft
      • Tax assessed value: $358,800
      • Annual tax amount: $2,189
      • Date on market: 2/6/2026

        Estimated market value

        $636,900

        $605,000 - $669,000

        $2,076/mo

        Price history

        DateEventPrice
        6/17/2026Price change$649,000-3.8%$353/sqft
        Source: Rockbridge Highlands REALTORS® #139656 Report a problem
        4/27/2026Price change$674,900-3.4%$368/sqft
        Source: RVAR #924493 Report a problem
        4/1/2026Price change$699,000-2.8%$381/sqft
        Source: RVAR #924493 Report a problem
        3/2/2026Price change$719,000-0.7%$392/sqft
        Source: CAAR #673006 Report a problem
        2/9/2026Price change$724,000-2%$394/sqft
        Source: Rockbridge Highlands REALTORS® #139656 Report a problem
        11/6/2025Listed for sale$739,000+17.3%$403/sqft
        Source: Rockbridge Highlands REALTORS® #139656 Report a problem
        3/8/2024Sold$630,000-3.1%$343/sqft
        Source: Rockbridge Highlands REALTORS® #138104 Report a problem
        1/3/2024Price change$650,000-3.7%$354/sqft
        Source: Rockbridge Highlands REALTORS® #138104 Report a problem
        10/27/2023Listed for sale$675,000+170%$368/sqft
        Source: Rockbridge Highlands REALTORS® #138104 Report a problem
        7/2/2018Sold$250,000$136/sqft
        Source: Rockbridge Highlands REALTORS® #132990 Report a problem
        5/29/2018Pending sale$250,000$136/sqft
        Source: LONG & FOSTER REAL ESTATE INC FISHERSVILLE #576769 Report a problem
        5/21/2018Listed for sale$250,000$136/sqft
        Source: LONG & FOSTER REAL ESTATE INC FISHERSVILLE #576769 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,645 $358,800
        2023-- $358,800
        2022-- $358,800 +54.1%
        2021-- $232,800
        2020-- $232,800
        2018-- $232,800
        2017$1,067 $232,800 -0.8%
        2016$1,067 $234,600
        2015-- --
        2014-- --
        2013-- --
        2010-- --
        Find assessor info on the county website

        Monthly payment

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        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 24450

        Getting around

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