$908,000
SOLD JUL 1, 2025

199 E Loudon Ave Lexington, KY 40505

Castlewood Neighborhood
-- Bed
-- Bath
-- Sq Ft
20,909 Sq Ft Lot

Recently Sold

1% Above List Price

41 Days on Market

About This Home

As of July 2025

Step into a piece of Lexington's history with the stunning John T. Patterson House, a beautifully restored gem in the vibrant North Lime District. Originally built in 1895, this exquisite property seamlessly blends historic charm with modern updates. Situated on nearly 0.5 acres in the heart of downtown, the property features: One spacious 2-bed, 1-bath apartment - thoughtfully updated for comfort and style Four charming 1-bed, 1-bath apartments - ideal for tenants seeking convenience and character Seven versatile office spaces - perfect for entrepreneurs, creatives, or growing businesses
Two first-floor apartments are registered STRs, and furniture conveys - offering immediate income potential The property currently generates $8,625 in monthly rent, with additional opportunities to increase revenue. Extensive renovations in 2015 and 2020 brought this iconic property into the modern age with new HVAC systems, a new roof, updated sewer and electrical systems, and refinished floors - all enhanced by fresh paint throughout.

Last Agent to Sell the Property

Patrick Doyle

Lifstyl Real Estate License #268294 Listed on: 04/08/2025

Lifstyl Real Estate

Co-Listed By

Katy Hettel

Lifstyl Real Estate License #287844

Last Buyer's Agent

The Prather Team - Michael Prather

Keller Williams Bluegrass Realty License #208882

Keller Williams Bluegrass Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 20,935 Sq Ft Lot

Parking

  • 20 Parking Spaces

Community Details

  • 12 Units
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 13503604

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0.48 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1895
  • New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Area: 0.48

Exterior Features

  • List Price: 899000.0

Garage/Parking

  • Total Parking Spaces: 20.0

Lot Info

  • Lot Size Acres: 0.48
  • Lot Size Sq Ft: 20935.0
  • Parcel Number: 13503604
  • Zoning Description: R-3 - PLANNED NBHD RESIDENTIAL

Multi Family

  • Number of Units Total: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2025
Closed on
Jul 1, 2025
Sold by
Sharpe Llc
Bought by
Altruism Counseling Services Llc
Seller's Agent
Patrick Doyle
Lifstyl Real Estate
Buyer's Agent
The Prather Team - Michael Prather
Keller Williams Bluegrass Realty
List Price
$899,000
Sold Price
$908,000
Premium/Discount to List
$9,000
1%
Views
63
Current Estimated Value
$885,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,845
Avg. Annual Appreciation
-3.43%
Original Mortgage
$771,800
Outstanding Balance
$750,099
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$135,056

Purchase Details

Closed on
Jan 14, 2022
Sold by
Ashley Charles J and Ashley Hanna E
Bought by
Sharpe Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2020
Sold by
Grifftown Llc
Bought by
Ashley Charles J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
2.67%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 31, 2007
Sold by
Jaguar Investment Properties Llc
Bought by
Grifftown Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Deed $908,000 None Listed On Document
Deed $908,000 None Listed On Document
Deed $450,000 --
Deed $450,000 --
Deed $250,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $771,800 New Conventional
Closed $771,800 New Conventional
Previous Owner $595,000 Purchase Money Mortgage
Previous Owner $50,000 Unknown
Previous Owner $360,000 Unknown
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2025 07/01/25 Sold $908,000 +1.0% --
05/19/2025 05/19/25 Pending -- -- --
04/08/2025 04/08/25 For Sale $899,000 -- --
Source: ImagineMLS (Bluegrass REALTORS®)

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
2025 $5,565 $450,000 $0 $0
2024 $5,565 $450,000 $0 $0
2023 $5,565 $450,000 $0 $0
2022 $5,748 $450,000 $0 $0
2021 $5,748 $450,000 $0 $0
2020 $3,577 $280,000 $0 $0
2019 $3,577 $280,000 $0 $0
2018 $3,577 $280,000 $0 $0
2017 $3,409 $280,000 $0 $0
2015 $2,798 $250,000 $0 $0
2014 $2,798 $250,000 $0 $0
2012 $2,798 $250,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Doyle

    Seller's Agent in 2025

    Patrick Doyle

    Lifstyl Real Estate

    (502) 418-9405

    1 in this area

    82 Total Sales

    Patrick Doyle
    Section Image

  • K

    Seller Co-Listing Agent in 2025

    Katy Hettel

    Lifstyl Real Estate

    (502) 418-9405

    1 in this area

    24 Total Sales

    Katy Hettel
    Section Image
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25006915

ImagineMLS (Bluegrass REALTORS®)

APN: 13503604

Kentucky Fayette County Lexington 40505 Castlewood

199 E Loudon Ave, Lexington, KY

Sold

MultiFamily

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 2026 LBAR Multiple Listing Service. All Rights Reserved.

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