NOT LISTED FOR SALE

1971 Covington Point Lexington, KY 40509

Liberty Area Neighborhood

Estimated Value: $548,000 - $655,000

4 Beds
4.5 Baths
2,410 Sq Ft
$244/Sq Ft Est. Value

Last Sold February 15, 2019

Last sale price $409,020 $170 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,526/month

253 Days on Market

Highlights

  • New Construction
  • 0.47 Acre Lot
  • Great Room with Fireplace
  • Frederick Douglass High School Rated A-
  • Wood Flooring
  • 2 Car Attached Garage

About This Home

As of February 2019

Proposed construction home! Elegant 2 story brick-front home in Summerfield, close to Hamburg, shopping, restaurants, and interstate access. Engineered hardwood floors throughout the first floor, and open family room area with gas-log fireplace surrounded by built-ins. The kitchen comes with full appliances, gorgeous granite counter tops and tile backsplash including gas range. The kitchen island offers a seating area and there is a breakfast area as well. Included off the breakfast area is a 14' by 14' covered patio. Owner's suite has two walk-in closets and the bath features a large tiled shower and a granite double bowl vanity.

Last Agent to Sell the Property

Katy Prather

Keller Williams Commonwealth Listed on: 03/21/2018

Co-Listed By

Michael Prather

Keller Williams Commonwealth License #208882

Last Buyer's Agent

Phillip Winstead

Keller Williams Bluegrass Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,058

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 0.47 Acre Lot
  • Many Trees

HOA Fees

  • $23 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Brick Veneer
  • Dimensional Roof
  • Vinyl Siding

Interior Spaces

  • 2,410 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Factory Built Fireplace
  • Ventless Fireplace
  • Gas Log Fireplace
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Entrance Foyer
  • Great Room with Fireplace
  • Dining Room
  • Utility Room
  • Washer and Gas Dryer Hookup
  • Crawl Space
  • Attic Access Panel

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Patio

Schools

  • Liberty Elementary School
  • Crawford Middle School
  • Frederick Douglass High School

Utilities

  • Zoned Heating and Cooling
  • Air Source Heat Pump
  • Electric Water Heater

Community Details

  • Built by Savannah Lane Homes
  • Summerfield Subdivision
  • Mandatory home owners association
  • On-Site Maintenance

Listing and Financial Details

  • Assessor Parcel Number 38270730

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,058

Year Built

Built in 2019 | New Construction

Lot Details

0

HOA Fees

$23 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Year Built: 2019
  • Above Grade Finished Sq Ft: 2410.0
  • Levels: Two
  • New Construction: Yes
  • Roof:Dimensional Style: Yes
  • Flooring:Carpet: Yes
  • Flooring:Hardwood: Yes
  • 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
  • Appliances Refrigerators: Yes
  • Cooling:Zoned: Yes
  • Laundry Features:Gas Dryer Hookup: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Entrance Foyer, Walk-In Closet(s)
  • Flooring: Carpet, Hardwood, Tile
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Basement: Crawl Space
  • Basement: No
  • Total Bedrooms: 4
  • Fireplace Features: Factory Built, Gas Log, Great Room, Ventless
  • Fireplace: Yes
  • LivingArea: 2410.0
  • Lot Size Area: 0.47
  • Window Features: Insulated Windows, Screens
  • Fireplace Features:Factory Built: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Breakfast Bar: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Dimensional Style
  • Builder Name: Savannah Lane Homes
  • Construction Materials: Vinyl Siding, Brick Veneer
  • List Price: 359900.0
  • Lot Features: Many Trees
  • Patio And Porch Features: Patio
  • Property Condition: New Construction
  • Waterfront: No
  • Construction Materials:Brick Veneer: Yes
  • Window Features:Insulated Windows: Yes
  • Window Features:Screens: Yes
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached Garage, Garage Door Opener, Garage Faces Rear, Off Street

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Heat Pump, Zoned
  • Cooling: Electric, Heat Pump, Zoned
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Utilities: Electricity Connected
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Association Fee: 275.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Liberty
  • High School: Frederick Douglass
  • Middle or Junior School: Crawford

Lot Info

  • Lot Size Acres: 0.47
  • Lot Size Sq Ft: 20473.22
  • Parcel Number: 38270730

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2018
Closed on
Feb 21, 2019
Sold by
Savannah Lane Homes Llc
Bought by
Pennington Clayton S and Pennington Lillian
Seller's Agent
Katy Prather
Keller Williams Commonwealth
Buyer's Agent
Phillip Winstead
Keller Williams Bluegrass Realty
List Price
$409,020
Sold Price
$409,020
Current Estimated Value
$587,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,445
Avg. Annual Appreciation
5.55%
Original Mortgage
$368,118
Outstanding Balance
$322,982
Interest Rate
4.4%
Mortgage Type
Unknown
Estimated Equity
$264,483

Purchase Details

Closed on
Dec 11, 2017
Sold by
Haymaker Dev Co Llc
Bought by
Savannah Lane Homes Llc
Source: Public Records

Range of Values:

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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
Pennington Clayton S $409,020 --
Savannah Lane Homes Llc $78,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Savannah Lane Homes Llc $368,118
Previous Owner Savannah Lane Homes Llc $314,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2024 10/20/24 Off Market $409,020 -- --
02/15/2019 02/15/19 Sold $409,020 0.0% $170 / Sq Ft
11/29/2018 11/29/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $409,020 -- $170 / 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 $5,058 $409,000 $0 $0
2023 $5,058 $409,000 $0 $0
2022 $5,225 $409,000 $0 $0
2021 $5,225 $409,000 $0 $0
2020 $5,225 $409,000 $0 $0
2019 $3,263 $295,500 $0 $0
2018 $867 $78,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Katy Prather

    Keller Williams Commonwealth

  • M

    Seller Co-Listing Agent in 2019

    Michael Prather

    Keller Williams Commonwealth

  • P

    Buyer's Agent in 2019

    Phillip Winstead

    Keller Williams Bluegrass Realty

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 1805639

ImagineMLS (Bluegrass REALTORS®)

APN: 38270730

Kentucky Fayette County Lexington 40509 Liberty Area

1971 Covington Point, Lexington, KY

This home is located at 1971 Covington Point, Lexington, KY 40509 since 21 March 2018 and is currently estimated at $587,465, approximately $243 per square foot. This property was built in 2019. 1971 Covington Point is a home located in Fayette County with nearby schools including Liberty Elementary School, Crawford Middle School, and Frederick Douglass 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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