NOT LISTED FOR SALE

121 N Martin Luther King Blvd Unit 306 Lexington, KY 40507

Downtown Lexington Neighborhood

Estimated Value: $433,000 - $458,647

2 Beds
2.5 Baths
1,640 Sq Ft
$470/mo HOA Fee

Last Sold August 24, 2023

Last sale price $401,000 $245 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,260/month

5 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Tennis Courts
  • Lafayette High School Rated A
  • Community Pool
  • 2-minute walk to Court Square Fountain

About This Home

As of August 2023

Urban living at its FINEST at the Nunn Building in the heart of downtown with ALL the views. Built in 1917 and once home to the Herald Leader, the building was developed into condominiums in 2008 with a new, architecturally significant addition. Unit 306 is a corner unit in the modern section with soaring ceilings, exposed beams and duct work, miles of windows, outdoor covered PATIO and a TON of added custom storage. Spacious primary suite with walk-in shower, an additional en-suite bedroom each with custom cabinets and large walk-in closets. Additional BONUS room perfect for a home office or work-out area or even a third bedroom. Open floorplan with a dining area, breakfast bar and living area all window lined with TONS of natural light. Chef's kitchen and separate utility room. Call now for your private showing.

Last Agent to Sell the Property

Meredith Walker

Bluegrass Sotheby's International Realty License #209870 Listed on: 07/20/2023

Bluegrass Sotheby's International Realty

Last Buyer's Agent

John Nickels

Deaton Realty License #267456

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,959

Year Built

  • Built in 2008

HOA Fees

  • $470 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Veneer
  • Rubber Roof

Interior Spaces

  • 1,640 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Insulated Windows
  • Blinds
  • Insulated Doors
  • Entrance Foyer
  • Dining Area
  • Property Views

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Basement Garage
  • Off-Street Parking

Outdoor Features

  • Patio

Schools

  • Harrison Elementary School
  • Lexington Trad Middle School
  • Not Applicable Middle School
  • Lafayette High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 38222800

Community Details

Overview

  • Association fees include insurance, common area maintenance, management, trash collection, snow removal, sewer, water
  • Downtown Subdivision

Recreation

  • Tennis Courts
  • Community Pool
  • Park

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,959

Year Built

Built in 2008

Lot Details

0

HOA Fees

$470 per month

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Condominium
  • Architectural Style: Contemporary
  • Year Built: 2008
  • Levels: Three Or More
  • New Construction: No
  • ResoPropertyType: Residential
  • Location Tax Legal Info:Elementary School: Harrison
  • Location Tax Legal Info:Middle or Junior School: Lexington Trad
  • Location Tax Legal Info:High School: Lafayette
  • Location Tax Legal Info:Intermediate School: Not Applicable
  • Contract Info:On Market Date: 2023-07-20
  • General Property Description:Above Grade Finished Area: 1640.0
  • General Property Description:Waterfront: No
  • Utilities:Electricity2: Electricity Connected
  • Utilities Sewer: Sewer Connected
  • Water: Water Connected
  • Basement: No
  • Flooring:Tile2: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Appliances Microwave: Yes
  • Laundry Features:Washer Hookup: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • HOA Information:HOACondo Mandatory YN: Yes
  • Utilities:Natural Gas3: Natural Gas Not Available
  • Flooring:Laminate: Yes
  • Cooling:Electric2: Yes
  • Appliances Refrigerators: Yes
  • Architectural Style:Contemporary: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring:Wood4: Yes
  • View:Other48: Yes
  • Stories:Three Or More: Yes
  • Roof:Rubber: Yes
  • Structure Type:Loft2: Yes
  • General Property Description:Finished Area Total: 1640.0
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Walk-In Closet(s), Elevator, Breakfast Bar, Dining Area, Entrance Foyer, Ceiling Fan(s)
  • Flooring: Laminate, Tile, Wood, Other
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Window Features: Insulated Windows, Blinds
  • Fireplace Features:Fireplace YN: No
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Dining Area2: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Community Features:Pool4: Yes
  • Appliances:Electric Water Heater: Yes
  • Community Features:Park: Yes
  • Community Features:Tennis Court(s): Yes
  • Interior Features:Elevator2: Yes
  • General Property Description:_pound_ of Primary Bedrooms: 1
  • General Property Description:_pound_ of Half Baths: 1
  • Rooms:_pound_ of Bedrooms2: 1

Exterior Features

  • Construction Materials: Other, Brick Veneer
  • List Price: 409000.0
  • Lot Features: Inside New Circle Road
  • View: Other
  • Construction Materials:Brick Veneer: Yes
  • Window Features:Blinds: Yes
  • Window Features:Insulated Windows: Yes
  • Exterior Features:Patio3: Yes
  • Construction Materials:Other4: Yes
  • Lot Features:Inside New Circle Road: Yes

Garage/Parking

  • Attached Garage: No
  • Carport: No
  • Garage: Yes
  • Parking Features: Off Street, Basement
  • Garage Features:Garage YN: Yes
  • Carport Features:Carport YN: No
  • Parking Features:Off Street2: Yes
  • Garage Features:Basement7: Yes

Utilities

  • Heating: Heat Pump, Electric
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee: 470
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Tennis Court(s), Park, Pool
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Common Area Maintenance, Management, Trash Collection, Snow Removal, Sewer, Water

Schools

  • Elementary School: Harrison
  • High School: Lafayette
  • Middle or Junior School: Lexington Trad

Lot Info

  • Parcel Number: 38222800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Aug 24, 2023
Sold by
Arekapudi Aruna and Amin Zahm
Bought by
Rea Joseph E
Seller's Agent
Meredith Walker
Bluegrass Sotheby's International Realty
Buyer's Agent
John Nickels
Deaton Realty
List Price
$409,000
Sold Price
$401,000
Premium/Discount to List
-$8,000
-1.96%
Views
91
Current Estimated Value
$436,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,130
Avg. Annual Appreciation
5.60%
Original Mortgage
$311,000
Outstanding Balance
$304,482
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$142,431

Purchase Details

Closed on
Sep 30, 2013
Sold by
O'Bryan John Michael Exc and Daugherty Terry O'Bryan Est
Bought by
Arekapudi Arekapudi Aruna Aruna and Arekapudi Aruna

Purchase Details

Closed on
Feb 7, 2013
Sold by
Daugherty Raymond P
Bought by
Daugherty Terry O'Bryan
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rea Joseph E $401,000 None Listed On Document
Arekapudi Arekapudi Aruna Aruna $335,000 --
Daugherty Terry O'Bryan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rea Joseph E $311,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2023 08/24/23 Sold $401,000 -2.0% $245 / Sq Ft
07/26/2023 07/26/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $409,000 -- $249 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Tax History Compared to Growth

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
2024 $4,959 $401,000 $0 $0
2023 $4,708 $380,700 $0 $0
2022 $4,863 $380,700 $0 $0
2021 $4,279 $335,000 $0 $0
2020 $4,279 $335,000 $0 $0
2019 $4,279 $335,000 $0 $0
2018 $4,279 $335,000 $0 $0
2017 $4,413 $335,000 $0 $0
2015 $4,321 $335,000 $0 $0
2014 $4,321 $335,000 $0 $0
2012 $4,321 $386,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Meredith Walker

    Seller's Agent in 2023

    Meredith Walker

    Bluegrass Sotheby's International Realty

    (859) 312-8417

    1 in this area

    193 Total Sales

    Section Image

  • J

    Buyer's Agent in 2023

    John Nickels

    Deaton Realty

    (859) 576-7252

    1 in this area

    50 Total Sales

    Section Image
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 23013713

ImagineMLS (Bluegrass REALTORS®)

APN: 38222800

Kentucky Fayette County Lexington 40507 Downtown Lexington

121 N Martin Luther King Blvd Unit 306, Lexington, KY

This home is located at 121 N Martin Luther King Blvd Unit 306, Lexington, KY 40507 since 20 July 2023 and is currently estimated at $446,912, approximately $272 per square foot. This property was built in 2008. 121 N Martin Luther King Blvd Unit 306 is a home located in Fayette County with nearby schools including Harrison Elementary School, Lexington Traditional Magnet School, and Lafayette High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

ImagineMLS (Bluegrass REALTORS®) The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 LBAR Multiple Listing Service. All Rights Reserved.

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