Seller's Agent in 2021
Zach Davis
Kirkpatrick & Company
(859) 576-8195
1 in this area
94 Total Sales
316 W Second St Lexington, KY 40507
Gratz Park NeighborhoodEstimated Value: $940,000 - $1,392,682
4
Beds
4
Baths
4,389
Sq Ft
$277/Sq Ft
Est. Value
Highlights
- Fireplace in Primary Bedroom
- Wood Flooring
- Home Office
- Lafayette High School Rated A
- Main Floor Primary Bedroom
- 4-minute walk to Gratz Park
About This Home
As of August 2021Pettit Place, at 316 West Second Street, is a classic yet modern urban residence wholly unique in the market. Opposite historic Gratz Park, steps away from Lexington's CBD and only minutes driving from Keeneland, Fasig-Tipton and the KY Horse Park, this offering is a downtown gem. Designed by acclaimed Lexington architect Van Meter Pettit for his father and constructed in 2004 by Greg Martelli using select and creatively-sourced materials. The distinctive veranda-graced facade features antique brick, mahogany, and cedar. The airy floorplan (@4389sft) is enhanced by dramatic tall ceilings, abundant natural light, and a synergy of outdoor spaces and thoughtful privacy. Features include 4BR/4BA, luxurious kitchen and baths, elevator, first-floor primary bedroom, laundry room, porches for relaxation & entertaining, a spacious landscaped courtyard with fountain & a secured two-car garage. Zoned B2B. We are pleased to provide a detailed prospectus and to arrange a guided tour upon request.
Last Agent to Sell the Property
Kirkpatrick & Company License #207039 Listed on: 04/10/2021
Last Buyer's Agent
Karen Deprey
The Brokerage
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,023
Year Built
- Built in 2004
Lot Details
- 5,227 Sq Ft Lot
- Privacy Fence
- Many Trees
Parking
- 2 Car Attached Garage
- Rear-Facing Garage
- Side Facing Garage
- Garage Door Opener
Home Design
- Block Foundation
- Metal Roof
- Masonry
Interior Spaces
- 4,389 Sq Ft Home
- 2-Story Property
- Elevator
- Wet Bar
- Fireplace With Gas Starter
- Fireplace Features Masonry
- Entrance Foyer
- Living Room with Fireplace
- Dining Room
- Home Office
- Utility Room
Kitchen
- Eat-In Kitchen
- Oven or Range
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Fireplace in Primary Bedroom
- Walk-In Closet
- 4 Full Bathrooms
- Soaking Tub
Laundry
- Dryer
- Washer
Schools
- Harrison Elementary School
- Lexington Trad Middle School
- Lafayette High School
Utilities
- Cooling Available
- Forced Air Zoned Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Tankless Water Heater
Additional Features
- Accessibility Features
- Patio
Listing and Financial Details
- Assessor Parcel Number 13574800
Community Details
Overview
- Downtown Subdivision
Recreation
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2021
Closed on
Sep 10, 2021
Sold by
Pettit N Gregory Exc and Pettit H Foster Est
Bought by
William M Harris Revocable Tr
Seller's Agent
Zach Davis
Kirkpatrick & Company
Buyer's Agent
Karen Deprey
The Brokerage
List Price
$1,250,000
Sold Price
$1,060,000
Premium/Discount to List
-$190,000
-15.2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,671
Avg. Annual Appreciation
3.30%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| William M Harris Revocable Tr | $1,060,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | William M Harris Revocable Tr | $125,000 | |
| Previous Owner | William M Harris Revocable Tr | $235,200 | |
| Previous Owner | William M Harris Revocable Tr | $417,000 | |
| Previous Owner | William M Harris Revocable Tr | $187,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/12/2021 08/12/21 | Sold | $1,060,000 | -15.2% | $242 / Sq Ft |
| 07/16/2021 07/16/21 | Pending | -- | -- | -- |
| 04/10/2021 04/10/21 | For Sale | $1,250,000 | -- | $285 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
Tax History Compared to Growth
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 | $13,023 | $1,099,500 | $0 | $0 |
| 2023 | $12,534 | $1,060,000 | $0 | $0 |
| 2022 | $13,540 | $1,060,000 | $0 | $0 |
| 2021 | $10,219 | $800,000 | $0 | $0 |
| 2020 | $10,219 | $800,000 | $0 | $0 |
| 2019 | $10,219 | $800,000 | $0 | $0 |
| 2018 | $10,219 | $800,000 | $0 | $0 |
| 2017 | $10,539 | $800,000 | $0 | $0 |
| 2015 | $8,572 | $800,000 | $0 | $0 |
| 2014 | $8,572 | $764,000 | $0 | $0 |
| 2012 | $8,572 | $800,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Zach Davis
-
K
Buyer's Agent in 2021
Karen Deprey
The Brokerage
Map
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 20106396
APN: 13574800
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