NOT LISTED FOR SALE

1571 Heron Ln Lexington, KY 40503

Picadome Neighborhood

Estimated Value: $218,000 - $246,000

2 Beds
1 Bath
1,034 Sq Ft
$221/Sq Ft Est. Value

Last Sold December 23, 2022

Last sale price $175,000 $169 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,442/month

32 Days on Market

Highlights

  • Ranch Style House
  • Bonus Room
  • Neighborhood Views
  • Morton Middle School Rated A
  • No HOA
  • Cooling Available

About This Home

As of December 2022

Location! Location! Location! Back on market because buyer's financing fell through. This charming two Bedroom home is conveniently located close to UK, downtown, restaurants, shopping and the beautiful Arboretum. Great investment opportunity for a rental property in this high demand location. The home features lots of cabinet space, double sinks in the bathroom and nice sized fenced back yard. There is also a bonus room connected to bedroom that would make an amazing primary bedroom closet. Seller updates include new roof, AC, range and refrigerator. Hurry to tour before this gem is SOLD!

Last Agent to Sell the Property

Suzanne Bridwell

Keys To Kentucky Realty License #222059 Listed on: 10/21/2022

Last Buyer's Agent

Brett Bussell

Turf Town Properties License #216452

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,148

Year Built

  • Built in 1958

Lot Details

  • 0.26 Acre Lot

Parking

  • Carport

Home Design

  • Ranch Style House
  • Slab Foundation
  • Masonry

Interior Spaces

  • 1,034 Sq Ft Home
  • Family Room
  • Bonus Room
  • Laminate Flooring
  • Neighborhood Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Picadome Elementary School
  • Jessie Clark Middle School
  • Not Applicable Middle School
  • Lafayette High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Oaks Subdivision

Listing and Financial Details

  • Assessor Parcel Number 42366025

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,148

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1958
  • Levels: One
  • New Construction: No
  • ResoPropertyType: Residential
  • Location Tax Legal Info:Elementary School: Picadome
  • Location Tax Legal Info:Middle or Junior School: Jessie Clark
  • Location Tax Legal Info:High School: Lafayette
  • Location Tax Legal Info:Intermediate School: Not Applicable
  • Contract Info:On Market Date: 2022-10-21
  • General Property Description:Lot Size Acres: 0.26
  • General Property Description:Waterfront: No
  • View:Neighborhood: Yes
  • Basement: No
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • HOA Information:HOACondo Mandatory YN: No
  • Architectural Style:Ranch: Yes
  • Stories:One: Yes
  • Flooring:Laminate: Yes
  • Cooling:Electric2: Yes
  • Foundation Details:Slab: Yes
  • General Property Description:Finished Area Total: 1034.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Primary First Floor
  • Flooring: Laminate
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Lot Size Area: 0.26
  • Other Equipment: Other
  • Interior Features:Primary First Floor: Yes
  • Roof Other: Yes
  • Rooms:_pound_ of Bedrooms2: 1

Exterior Features

  • Construction Materials: Solid Masonry
  • List Price: 180000.0
  • Lot Features: Inside New Circle Road
  • View: Neighborhood
  • Construction Materials:Solid Masonry: Yes
  • Lot Features:Inside New Circle Road: Yes

Garage/Parking

  • Carport: Yes
  • Garage: No
  • Garage Features:Garage YN: No
  • Carport Features:Carport YN: Yes

Utilities

  • Heating: Forced Air, Electric, Natural Gas
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Electric: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Picadome
  • High School: Lafayette
  • Middle or Junior School: Jessie Clark

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11326.0
  • Parcel Number: 42366025
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2022
Closed on
Dec 23, 2022
Sold by
Guess Katherine Cowart and Guess David
Bought by
Warstefitz Properties Llc
Seller's Agent
Suzanne Bridwell
Keys To Kentucky Realty
Buyer's Agent
Brett Bussell
Turf Town Properties
List Price
$180,000
Sold Price
$175,000
Premium/Discount to List
-$5,000
-2.78%
Views
91
Current Estimated Value
$228,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,276
Avg. Annual Appreciation
10.11%
Original Mortgage
$125,000
Outstanding Balance
$103,585
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$120,985

Purchase Details

Closed on
Dec 28, 2015
Sold by
Magyar Terry and Magyar Renee
Bought by
Cowart Katherine N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000
Interest Rate
4.01%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
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
Warstefitz Properties Llc $175,000 None Listed On Document
Cowart Katherine N $106,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warstefitz Properties Llc $125,000
Previous Owner Cowart Katherine N $4,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2022 12/23/22 Sold $175,000 -2.8% $169 / Sq Ft
11/23/2022 11/23/22 Pending -- -- --
11/21/2022 11/21/22 Price Changed $180,000 0.0% $174 / Sq Ft
11/21/2022 11/21/22 For Sale $180,000 -10.0% $174 / Sq Ft
10/29/2022 10/29/22 Pending -- -- --
10/22/2022 10/22/22 Price Changed $200,000 -4.8% $193 / Sq Ft
10/21/2022 10/21/22 For Sale $210,000 -- $203 / 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 $2,148 $175,000 $0 $0
2023 $2,148 $175,000 $0 $0
2022 $1,519 $119,800 $0 $0
2021 $1,519 $119,800 $0 $0
2020 $1,519 $119,800 $0 $0
2019 $1,519 $119,800 $0 $0
2018 $1,350 $106,500 $0 $0
2017 $1,286 $106,500 $0 $0
2015 $1,104 $99,500 $0 $0
2014 $1,104 $99,500 $0 $0
2012 $1,104 $99,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Suzanne Bridwell

    Keys To Kentucky Realty

    (502) 264-1477

    1 in this area

    65 Total Sales

    Suzanne Bridwell
    Section Image
  • Brett Bussell

    Buyer's Agent in 2022

    Brett Bussell

    Turf Town Properties

    (859) 983-8616

    2 in this area

    39 Total Sales

    Brett Bussell
    Section Image
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 22023243

ImagineMLS (Bluegrass REALTORS®)

APN: 42366025

Kentucky Fayette County Lexington 40503 Picadome

1571 Heron Ln, Lexington, KY

This home is located at 1571 Heron Ln, Lexington, KY 40503 since 21 October 2022 and is currently estimated at $228,276, approximately $220 per square foot. This property was built in 1958. 1571 Heron Ln is a home located in Fayette County with nearby schools including Picadome Elementary School, Morton Middle 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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