Ernest Dill
Samson Properties
(540) 755-4848
70 Total Sales
1 in Margo
$335,000 Price
Margo
Margo means “pearl,” fitting for an area whose crowning jewel is a body of water. Driving through the rural community, you can tell how much everyone treasures Lake Anna, a multitude of marinas and restaurants named after the lake. “Many people move here because of the proximity to Lake Anna,” says Anne Corbin with Long & Foster Real Estate, Inc., resident and Realtor with nine years of experience.
East of the lake in Spotsylvania County, Margo features large lots of land for single-family homes, giving it a peaceful pastoral feel. Having over an acre of land is easy to come by no matter what your budget is. “There’s a range of housing, some that are inexpensive and some in the millions. It’s a very eclectic area price-wise. You can definitely find what you’re looking for,” Corbin says. Further from the lake but with plentiful yardage, buy ranch-style houses for around $358,200 or Cape Cods for about $281,500. Closer to the water and secluded by woodlands, you can find more ranch-style homes for around $333,800. For those seeking a lakeside retreat in the woods, a new construction house with its own private dock and views overlooking the water can go for $1.7 million.
Students in Margo go to the Spotsylvania County Public School District, which earns a B grade according to Niche and has a student-teacher ratio of 16-to-1. Schools include Livingston Elementary School, Post Oak Middle School and Spotsylvania High School. On Niche, all three schools earn B-minus grades. The district has been designated one of the Best Communities for Music Education by The NAMM Foundation for high-quality musical fine arts.
Margo has abundant outdoor recreation, especially at Lake Anna State Park. “Living by the lake means you can certainly boat and relax on the beach,” Corbin says. The state park also has hiking trails, cabins to stay in and campgrounds. There's no end to the water activities from fishing to kayaking and canoeing. At Anna Point Marina, launch boats off wide ramps for jaunts on the water. For a park on dry land, head to Chewning Park for playgrounds, baseball fields and a picnic pavilion.
The area has local retail for basics like groceries and a few restaurants. The 208 Variety Store offers a deli and snacks to pick up as you get gas at the station. To stock up on the week’s food, head to Keystone Grocery. As for local restaurants, Lake Anna Hideaway offers seafood in a laidback but colorful interior with a large bar. Vito’s on Lake Anna has Italian fare in a dimly lit dining room or a large patio ideal for date night.
As for local events, the town of Mineral, a stone’s throw away across the lake, hosts many community get-togethers. At the Fall Festival, bring costumed children to trick-or-treat at the booths, where you can buy arts and crafts or snacks. The area also has a weekly farmers market during summer and autumn months where you can find locally grown produce, meats and home products.
About 74 miles from Washington, D.C., Margo residents can travel to the nation’s capital via Interstate 95 North. For weekend trips in the nation’s capital, visit the Tidal Basin, monuments and Smithsonian museums. In Margo, enjoy a rural community centered around Lake Anna and the state park for an outdoorsy lifestyle.
Written By
Anna Anderson
Photography Contributed By
Tyson Le
Video By
Bill Jennings
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Agents Specializing in this Area
-
Ernest Dill
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Chris Fraser
Chris Fraser
Pearson Smith Realty, LLC
(844) 292-6187
38 Total Sales
1 in Margo
$873,750 Price
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David Berberich
David Berberich
Hometown Realty
(804) 781-3443
79 Total Sales
1 in Margo
$175,000 Price
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Barbara Waite
Barbara Waite
Responds QuicklyRiver Fox Realty, LLC
(540) 870-0176
32 Total Sales
3 in Margo
$93K - $498K Price Range
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Patrick Kessler
Patrick Kessler
Kessler Real Estate Group, LLC
(202) 932-8565
62 Total Sales
2 in Margo
$835,000 Price Range
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Melinda Bell
Melinda Bell
Samson Properties
(540) 870-0834
115 Total Sales
1 in Margo
$215,000 Price
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
- 9th to 12th
- Public
- 6th to 8th
- Public
- Pre-K to 5th
- Public
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Parks in this Area
Lake Anna State Park
- Boating
- Camping
- Fishing
Marshall Park
Arritt Park Ball Fields
- Baseball/Softball
- Picnic Area
- Playground
Belmont Park
- Playground
- Parking Lot
- Multi-Purpose Field
Margo Demographics and Home Trends
On average, homes in Margo, Spotsylvania sell after 46 days on the market compared to the national average of 52 days. The median sale price for homes in Margo, Spotsylvania over the last 12 months is $480,000, up 1% from the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$515,000
Median Sale Price
$480,000
Median Single Family Sale Price
$515,000
Median 2 Bedroom Sale Price
$299,250
Median Change From 1st List Price
0%
Last 12 months Home Sales
403
Median Home Sale Price YoY Change
1%
Average Price Per Sq Ft
$253
Neighborhood Facts
Number of Homes in Neighborhood
4,151
Number of Homes for Sale
66
Median Year Built
1994
Months of Supply
2.00
Average Single Family Home Size Sq Ft
2,063
Above the national average
1,925
Average Townhouse Size Sq Ft
1,474
Average 2 Bedroom Size Sq Ft
1,285
Median Lot Size Sq Ft
45,738
Distribution of Home Values
Homes for Sale
Homes for Rent
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Average Home Value
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
16,964
Median Age
45
Population Density
1 person/acre
Population under 18
21.9%
On par with the national average
23.8%
Population over 65
22.6%
On par with the national average
19.1%
Finances
Median Household Income
$101,535
Significantly above the national average
$71,702
Average Household Income
$120,434
Education and Workforce
High School Graduates
89.3%
College Graduates
25.3%
Below the national average
34.1%
Advanced Degrees
8.8%
On par with the national average
13.3%
% Population in Labor Force
62.9%
Weather
Annual Precipitation
44''
Average Winter Low Temperature
25°F
Average Summer High Temperature
88°F
Annual Snowfall
23''
Area Factors
Somewhat Bikeable
Bike Score®
20
/ 100
Car-Dependent
Walk Score®
0
/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Nearby Neighborhoods
Lake Wilderness
Log cabins and newer homes among a lakeside forest setting with historic landmarks
Fawn Lake
Gated, lakefront community with a private country club near Fredericksburg
Spotsylvania Courthouse
A quiet, rural community with excellent outdoor activities.
Thornburg
A rural community with plenty of privacy between Richmond and D.C.
Leavells
Wide range of lifestyles and prices in southwest Fredericksburg suburb
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