NOT LISTED FOR SALE

2877 Ark Royal Way Lexington, KY 40503

Open Gates Neighborhood

Estimated Value: $353,792 - $395,000

4 Beds
2 Baths
1,380 Sq Ft
$275/Sq Ft Est. Value

Last Sold October 18, 2019

Last sale price $230,000 $167 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,220/month

15 Days on Market

Highlights

  • Wood Flooring
  • Great Room
  • Eat-In Kitchen
  • Clays Mill Elementary School Rated A
  • 1 Car Attached Garage
  • Brick Veneer

About This Home

As of October 2019

Comp purposes only. Home was in good condition with updated kitchen.

Last Agent to Sell the Property

Fred Copeland

Bluegrass Sotheby's International Realty License #191858 Listed on: 10/24/2019

Bluegrass Sotheby's International Realty

Last Buyer's Agent

Fred Copeland

Bluegrass Sotheby's International Realty License #191858 Listed on: 10/24/2019

Bluegrass Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,781

Year Built

  • Built in 1973

Lot Details

  • 9,583 Sq Ft Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Split Level Home
  • Brick Veneer
  • Block Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • Multi-Level Property
  • Great Room
  • Family Room
  • Dining Room
  • Utility Room
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Partial Basement

Schools

  • Clays Mill Elementary School
  • Jessie Clark Middle School
  • Lafayette High School

Utilities

  • Cooling Available
  • Air Source Heat Pump

Community Details

  • Open Gates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12708900

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,781

Year Built

Built in 1973

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Year Built: 1973
  • Levels: Multi/Split
  • New Construction: No
  • Flooring:Carpet: Yes
  • Flooring:Hardwood: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Foundation Details:Block3: Yes
  • Roof:Composition: Yes
  • Percent Basement Finished: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Flooring: Carpet, Hardwood
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Finished, Partial, Walk-Out Access
  • Basement: Yes
  • Total Bedrooms: 4
  • Lot Size Area: 0.22
  • Basement:Partial: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Composition
  • Construction Materials: Vinyl Siding, Brick Veneer
  • Foundation Details: Block
  • List Price: 230000.0
  • Waterfront: No
  • Construction Materials:Brick Veneer: Yes
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Attached Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Heat Pump
  • Cooling: Electric, Heat Pump
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected
  • Water Source: Public
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Clays Mill
  • High School: Lafayette
  • Middle or Junior School: Jessie Clark

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583.21
  • Parcel Number: 12708900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2019
Closed on
Oct 25, 2019
Sold by
Milani Alexander J
Bought by
Farlese Joseph James and Morton Alicia Anne
Seller's Agent
Fred Copeland
Bluegrass Sotheby's International Realty
Buyer's Agent
Fred Copeland
Bluegrass Sotheby's International Realty
List Price
$230,000
Sold Price
$230,000
Current Estimated Value
$379,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,698
Avg. Annual Appreciation
8.67%
Original Mortgage
$218,500
Outstanding Balance
$191,839
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$187,859

Purchase Details

Closed on
Dec 12, 2012
Sold by
Anderson Homes For Rent Llc
Bought by
Milani Alexander J

Purchase Details

Closed on
Nov 9, 2009
Sold by
Kenney Kathy and Kenney Mark
Bought by
Anderson Homes For Rent Llc
Source: Public Records

Range of Values:

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Average Value
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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
Farlese Joseph James $230,000 --
Milani Alexander J $163,000 --
Anderson Homes For Rent Llc $110,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Homes For Rent Llc $218,500
Previous Owner Anderson Homes For Rent Llc $26,000
Previous Owner Anderson Homes For Rent Llc $178,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2019 10/18/19 Sold $230,000 0.0% $167 / Sq Ft
09/30/2019 09/30/19 Pending -- -- --
09/15/2019 09/15/19 For Sale $230,000 -- $167 / 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 $2,781 $271,300 $0 $0
2023 $2,270 $230,000 $0 $0
2022 $2,421 $230,000 $0 $0
2021 $2,421 $230,000 $0 $0
2020 $2,436 $230,000 $0 $0
2019 $2,353 $184,200 $0 $0
2018 $2,353 $184,200 $0 $0
2017 $2,242 $184,200 $0 $0
2015 $1,779 $163,000 $0 $0
2014 $1,779 $163,000 $0 $0
2012 $1,779 $159,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Fred Copeland

    Seller's Agent in 2019

    Fred Copeland

    Bluegrass Sotheby's International Realty

    (859) 619-2100

    63 Total Sales

    Fred Copeland
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 1924841

ImagineMLS (Bluegrass REALTORS®)

APN: 12708900

Kentucky Fayette County Lexington 40503 Open Gates

2877 Ark Royal Way, Lexington, KY

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