75 Margarets Ln, Lexington Va 24450
- $719,000
- MLS #:139656
- 4beds
- 2baths
- 0½ baths
- 9units
- 1,836sq ft
- 16.13acres
Square Ft:
- 1,836 finished
- 1836.00 unfinished
Neighborhood:
- None
Property Type: residential
Area: Rockbridge
Year Built: 1900
Water View: None
Design: Farm House
Roof: Shingle
Fence: Split Rail, Wood
Exterior Features: Barn, Covered Porch, Deck, Fenced Yard, Porch, Storage Shed, Sunrise View, Sunset View
Land Description: Mixed, Open, Pasture, Rolling, Views
Interior Features: Book Shelves, Storage, Walk-in Closet
Garage: Detached, Storage
Utilities: Electric
Cooling: Central Cooling
Heating: Electric, Gas, Heat Pump(s), Liquid Propane
Water: Well
Sewer: Existing Septic
Floors: Carpet, Wood
Basement: Interior Access, Partial, Slab, Walkout
Fireplace Type: None
Appliances: As Is, Dishwasher, Microwave, Oven, Refrigerator, Smoke Detector, Electric Range
Features: Cable Available, Ceiling Fan(s), Deck-Rear, Horses Permitted, Porch-Front, Security System, Shed, Sm
Annual Taxes: 2189.00
Tax Year: 0
Farm features: Barn(s), Equipment Shed, Garage, Hay Shed, House, Stable, Horse Barn
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.
Crop Acres: 0.00
Pasture Acres: 0.00
Tillable Acres: 0.00
Wooded Acres: 0.00
First Floor Master Bedroom: Yes
Assessed Value: 0.00
Attic: Scuttle, Unfinished
Buildings: Barn(s), Equipment Shed, Garage, Hay Shed, House, Stable, Horse Barn
Conservation Easement: No
Covenants: No Restrict Covenant, Shared Road Maint
Current Use: Horses, Residential, Vacation Rental
Deed Book: 20240000406
Elementary School: Central
Middle School: Maury River
High School: Rockbridge Co
Historic: No
Plat: Yes
POA: No
Road Maintenance Agreement: Yes
Road Frontage: Joint Maint, Private Road
Rooms: 9
Subdivision? No
Tax Map #: 74-30-A
Tax Rate: .61
Zoning: Agricultural
Lot #: Yes
Rental Type: Yes
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.
Updated: 3/02/26
Status: Active
Courtesy of Lexington Real Estate Connection
Documents: