NOT LISTED FOR SALE

432 Severn Way Lexington, KY 40503

Open Gates Neighborhood

Estimated Value: $368,738 - $392,000

4 Beds
2.5 Baths
2,254 Sq Ft
$169/Sq Ft Est. Value

Last Sold June 25, 2013

Last sale price $186,000 $83 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $2,296/month

20 Days on Market

Highlights

  • Deck
  • Main Floor Primary Bedroom
  • Community Pool
  • Clays Mill Elementary School Rated A
  • Great Room
  • Eat-In Kitchen

About This Home

As of June 2013

WOW What a deal!! This home has lots of upgrades with a state of the art kitchen and a large lot in a desirable area of town. Are you looking for a house with Great school districts and lots of upgrades? This house has lots of square footage, plenty of upgrades, open floorplan, masonry fireplace in the basement, large lot, and an great school district.

Last Agent to Sell the Property

Jason Preece

ERA Select Real Estate Listed on: 05/01/2013

Last Buyer's Agent

John Fister

Rector Hayden Realtors License #194082

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,549

Year Built

  • Built in 1974

Lot Details

  • Wood Fence
  • Wire Fence
  • Irrigation Equipment
  • Many Trees

Parking

  • 1 Car Garage
  • Basement Garage

Home Design

  • Split Level Home
  • Brick Veneer
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • Multi-Level Property
  • Ceiling Fan
  • Self Contained Fireplace Unit Or Insert
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Insulated Windows
  • Blinds
  • Window Screens
  • Insulated Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Dining Room
  • Utility Room
  • Washer and Gas Dryer Hookup
  • Attic Access Panel
  • Storm Windows

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Walk-Up Access

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 04550076

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include trash
  • Open Gates Subdivision

Recreation

  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,549

Year Built

Built in 1974

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Year Built: 1974
  • Above Grade Finished Sq Ft: 1424.0
  • Levels: Multi/Split
  • New Construction: No
  • 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
  • Other Equipment:Irrigation Equipment: Yes
  • Foundation Details:Block3: Yes
  • Flooring:Laminate: Yes
  • Appliances Refrigerators: Yes
  • Fencing:Wood2: Yes
  • Roof:Shingle: Yes
  • Laundry Features:Gas Dryer Hookup: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Microwave, Range, Refrigerator
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Primary Downstairs
  • Flooring: Laminate, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Full, Walk-Out Access, Walk-Up Access
  • Basement: Yes
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 830.0
  • Fireplace Features: Family Room, Gas Log, Insert, Masonry
  • Fireplace: Yes
  • LivingArea: 2254.0
  • Other Equipment: Irrigation Equipment
  • Window Features: Blinds, Insulated Windows, Screens, Storm Window(s)
  • Full Basement: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Cooktop: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Breakfast Bar: Yes
  • Basement:Walk-Up Access: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Insert: Yes

Exterior Features

  • Roof: Shingle
  • Construction Materials: Brick Veneer
  • Fencing: Wood
  • Foundation Details: Block
  • List Price: 195000.0
  • Lot Features: Many Trees
  • Patio And Porch Features: Deck, Patio
  • Waterfront: No
  • Construction Materials:Brick Veneer: Yes
  • Window Features:Blinds: Yes
  • Window Features:Insulated Windows: Yes
  • Window Features:Screens: Yes
  • Window Features:Storm Window(s): Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Park, Pool

Fee Information

  • Association Fee Includes: Trash

Schools

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

Lot Info

  • Parcel Number: 04550076

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2013
Closed on
Jul 3, 2013
Sold by
Kerns Brent and Kerns Kathleen
Bought by
Burke Chris
Seller's Agent
Jason Preece
ERA Select Real Estate
Buyer's Agent
John Fister
Rector Hayden Realtors
List Price
$186,000
Sold Price
$186,000
Current Estimated Value
$380,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,185
Avg. Annual Appreciation
5.96%
Original Mortgage
$143,000
Outstanding Balance
$102,516
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$277,669

Purchase Details

Closed on
May 24, 2011
Sold by
Mullett David and Preston Jeffrey
Bought by
Kerns Brent and Kerns Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,360
Interest Rate
4.85%
Mortgage Type
Purchase Money Mortgage
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
Burke Chris $186,000 --
Kerns Brent $183,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kerns Brent $143,000
Previous Owner Kerns Brent $178,360
Previous Owner Kerns Brent $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2013 06/25/13 Sold $186,000 0.0% $83 / Sq Ft
05/21/2013 05/21/13 Pending -- -- --
05/01/2013 05/01/13 For Sale $186,000 -- $83 / 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 $3,549 $287,000 $0 $0
2023 $2,871 $232,200 $0 $0
2022 $2,966 $232,200 $0 $0
2021 $2,966 $232,200 $0 $0
2020 $2,376 $186,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jason Preece

    ERA Select Real Estate

  • J

    Buyer's Agent in 2013

    John Fister

    Rector Hayden Realtors

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 1308604

ImagineMLS (Bluegrass REALTORS®)

APN: 94550076

Kentucky Fayette County Lexington 40503 Open Gates

432 Severn Way, Lexington, KY

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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