NOT LISTED FOR SALE

480 Locust Ave Lexington, KY 40505

Castlewood Neighborhood

Estimated Value: $166,000 - $233,000

3 Beds
1 Bath
1,237 Sq Ft
$163/Sq Ft Est. Value

Last Sold May 16, 2014

Last sale price $75,000 $61 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $1,239/month

198 Days on Market

Highlights

  • Wooded Lot
  • Community Pool
  • Living Room
  • Wood Flooring
  • Tennis Courts
  • Park

About This Home

As of May 2014

PRICE REDUCED on this charming 1.5 story in The Meadows! Brimming with character, the house offers many recent, and costly, updates including the kitchen and bath. System replacements include the sewer line (2011), plumbing lines under the house (2011), furnace (2011), air-conditioning (2010) and water heater (2010). And you'll stay cozy under the extensive insulation in the attic and behind the energy efficient windows, both installed in the last few years. The home offers lots of options for everyday living too. Formal living room & dining rooms with beautiful hardwood, expansive 2nd floor with quaint built-ins and window seats, a large welcoming front porch and an even larger deck in back. The yard is large and level and fully fenced, ideal for gardening, pets or play. With all this, why rent?

Last Agent to Sell the Property

Julie M Gray

Rector Hayden Realtors License #209488 Listed on: 09/09/2013

Rector Hayden Realtors

Last Buyer's Agent

Candi Phillips

RE/MAX Creative Realty License #69589

RE/MAX Creative Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,773

Year Built

  • Built in 1960

Lot Details

  • 6,970 Sq Ft Lot
  • Chain Link Fence
  • Wooded Lot

Home Design

  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,237 Sq Ft Home
  • Ceiling Fan
  • Insulated Windows
  • Insulated Doors
  • Living Room
  • Dining Room
  • Utility Room
  • Washer and Gas Dryer Hookup
  • Crawl Space

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Arlington Elementary School
  • Winburn Middle School
  • Bryan Station High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 13055400

Community Details

Overview

  • Meadows Subdivision

Recreation

  • Tennis Courts
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,773

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Year Built: 1960
  • Above Grade Finished Sq Ft: 1237.0
  • Levels: One and One Half
  • New Construction: No
  • Flooring:Hardwood: Yes
  • Flooring:Tile2: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Laundry Features:Washer Hookup: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Fencing:Chain Link: Yes
  • Appliances Refrigerators: Yes
  • Roof:Shingle: Yes
  • Laundry Features:Gas Dryer Hookup: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Range, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Primary Downstairs
  • Flooring: Hardwood, Tile
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Crawl Space
  • Basement: No
  • Total Bedrooms: 3
  • Fireplace: No
  • LivingArea: 1237.0
  • Lot Size Area: 0.16
  • Window Features: Insulated Windows
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Construction Materials: Aluminum Siding
  • Fencing: Chain Link
  • List Price: 79900.0
  • Lot Features: Many Trees, Wooded
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Waterfront: No
  • Window Features:Insulated Windows: Yes
  • Construction Materials:Aluminum Siding: Yes
  • Lot Features:Wooded: Yes

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Park, Pool, Tennis Court(s)

Schools

  • Elementary School: Arlington
  • High School: Bryan Station
  • Middle or Junior School: Winburn

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6969.61
  • Parcel Number: 13055400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2013
Closed on
May 19, 2014
Sold by
Brown Bernie A and Bridgeman Jason C
Bought by
Busseni Matthew J
Seller's Agent
Julie M Gray
Rector Hayden Realtors
Buyer's Agent
Candi Phillips
RE/MAX Creative Realty
List Price
$75,000
Sold Price
$75,000
Current Estimated Value
$201,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,688
Avg. Annual Appreciation
9.15%
Original Mortgage
$71,250
Outstanding Balance
$54,835
Interest Rate
4.44%
Mortgage Type
Unknown
Estimated Equity
$146,853

Purchase Details

Closed on
Aug 6, 2008
Sold by
Johnson Charles and Johnson Tammy
Bought by
Bridgeman Jason C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,364
Interest Rate
6.32%
Mortgage Type
FHA
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
Busseni Matthew J $75,000 --
Bridgeman Jason C $81,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Busseni Matthew J $71,250
Previous Owner Bridgeman Jason C $80,364
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2014 05/16/14 Sold $75,000 0.0% $61 / Sq Ft
03/26/2014 03/26/14 Pending -- -- --
09/09/2013 09/09/13 For Sale $75,000 -- $61 / 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 $1,773 $143,400 $0 $0
2023 $1,773 $143,400 $0 $0
2022 $1,162 $91,000 $0 $0
2021 $1,162 $91,000 $0 $0
2020 $1,162 $91,000 $0 $0
2019 $1,162 $91,000 $0 $0
2018 $958 $75,000 $0 $0
2017 $913 $75,000 $0 $0
2015 $906 $75,000 $0 $0
2014 $906 $81,000 $0 $0
2012 $906 $81,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julie M Gray

    Seller's Agent in 2014

    Julie M Gray

    Rector Hayden Realtors

    (859) 321-0136

    14 Total Sales

    Julie M Gray
    Section Image

  • C

    Buyer's Agent in 2014

    Candi Phillips

    RE/MAX

    Section Image
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 1318133

ImagineMLS (Bluegrass REALTORS®)

APN: 13055400

Kentucky Fayette County Lexington 40505 Castlewood

480 Locust Ave, Lexington, KY

This home is located at 480 Locust Ave, Lexington, KY 40505 since 09 September 2013 and is currently estimated at $201,688, approximately $163 per square foot. This property was built in 1960. 480 Locust Ave is a home located in Fayette County with nearby schools including Arlington Elementary School, Bryan Station Middle School, and Bryan Station 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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