NOT LISTED FOR SALE

502 Gibson Ave Lexington, KY 40504

Red Mile Neighborhood

Estimated Value: $258,000 - $284,230

3 Beds
1 Bath
1,205 Sq Ft
$222/Sq Ft Est. Value

Last Sold October 07, 2022

Last sale price $210,500 $175 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,637/month

2 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Cooling Available
  • Jessie M. Clark Middle School Rated A-
  • Eat-In Kitchen
  • Ceiling Fan

About This Home

As of October 2022

This charming home offers original moldings, hardwood floors throughout and an extra large detached garage and tool shed. Situated close to UK's campus, St. Joseph hospital and many restaurants and shops it's convenient location will offer something for everyone. The floor plan features a dine in kitchen, three bedrooms, one full bathroom, unfinished basement and a covered patio and large yard perfect for entertaining. Fresh paint and several upgrades throughout make for a move in ready property! Call today for a private showing!

Last Agent to Sell the Property

Rusty Underwood

Milestone Realty Consultants Listed on: 09/07/2022

Last Buyer's Agent

Lacy Hatton

RE/MAX Elite Lexington License #269027

RE/MAX Elite Lexington

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,584

Year Built

  • Built in 1947

Lot Details

  • 7,501 Sq Ft Lot
  • Wood Fence
  • Wire Fence

Home Design

  • Block Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Neighborhood Views
  • Washer and Electric Dryer Hookup
  • Basement

Kitchen

  • Eat-In Kitchen
  • Oven
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • Garage
  • Driveway
  • Off-Street Parking

Schools

  • Picadome Elementary School
  • Jessie Clark Middle School
  • Lafayette High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Community Details

  • Gibson Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 26404700

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,584

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Year Built: 1947
  • Levels: One and One Half
  • New Construction: No
  • Structure Type:House: Yes
  • View:Neighborhood: Yes
  • Flooring:Tile2: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Laundry Features:Washer Hookup: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Foundation Details:Block3: Yes
  • Fencing:Chain Link: Yes
  • Appliances Refrigerators: Yes
  • Roof:Composition: Yes
  • Fencing:Wood2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Oven, Range, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen
  • Flooring: Tile, Vinyl, Wood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Yes
  • Total Bedrooms: 3
  • Fireplace: No
  • Lot Size Area: 0.17
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Oven: Yes

Exterior Features

  • Roof: Composition
  • Construction Materials: Vinyl Siding
  • Fencing: Chain Link, Wood
  • Foundation Details: Block
  • List Price: 199900.0
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: Neighborhood, Trees/Woods
  • View YN: Yes
  • Waterfront: No
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Carport: No
  • Garage: Yes
  • Parking Features: Detached Garage, Driveway, Off Street
  • Parking Features:Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Water Source: Public

Schools

  • Elementary School: Picadome
  • High School: Lafayette
  • Middle or Junior School: Jessie Clark

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7501.0
  • Parcel Number: 26404700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2022
Closed on
Oct 17, 2022
Sold by
Taylor Carol Laverne
Bought by
Statham Kristle Taylor
Seller's Agent
Rusty Underwood
Milestone Realty Consultants
Buyer's Agent
Lacy Hatton
RE/MAX Elite Lexington
List Price
$199,900
Sold Price
$210,500
Premium/Discount to List
$10,600
5.3%
Views
74
Current Estimated Value
$267,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,558
Avg. Annual Appreciation
8.40%
Original Mortgage
$199,975
Outstanding Balance
$192,411
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$74,647

Purchase Details

Listed on
Sep 7, 2022
Closed on
Oct 7, 2022
Sold by
Mullins Veronica and Sipes Kellen
Bought by
Overstreet Benjamin F
Seller's Agent
Rusty Underwood
Milestone Realty Consultants
Buyer's Agent
Lacy Hatton
RE/MAX Elite Lexington
List Price
$199,900
Sold Price
$210,500
Premium/Discount to List
$10,600
5.3%
Views
74

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,975
Outstanding Balance
$192,411
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$74,647
Source: Public Records

Range of Values:

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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
Statham Kristle Taylor -- --
Overstreet Benjamin F $210,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Overstreet Benjamin F $199,975
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2024 10/20/24 Off Market $210,500 -- --
10/07/2022 10/07/22 Sold $210,500 +5.3% $175 / Sq Ft
09/10/2022 09/10/22 Pending -- -- --
09/07/2022 09/07/22 For Sale $199,900 -- $166 / 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 $2,584 $210,500 $0 $0
2023 $2,584 $210,500 $0 $0
2022 $773 $101,500 $0 $0
2021 $773 $101,500 $0 $0
2020 $789 $101,500 $0 $0
2019 $789 $101,500 $0 $0
2018 $728 $95,000 $0 $0
2017 $693 $95,000 $0 $0
2015 $677 $95,000 $0 $0
2014 $677 $59,000 $0 $0
2012 $677 $95,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Rusty Underwood

    Milestone Realty Consultants

  • Lacy Hatton

    Buyer's Agent in 2022

    Lacy Hatton

    RE/MAX

    (859) 967-4185

    1 in this area

    93 Total Sales

    Lacy Hatton
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 22019969

ImagineMLS (Bluegrass REALTORS®)

APN: 26404700

Kentucky Fayette County Lexington 40504 Red Mile

502 Gibson Ave, Lexington, KY

This home is located at 502 Gibson Ave, Lexington, KY 40504 since 07 September 2022 and is currently estimated at $267,058, approximately $221 per square foot. This property was built in 1947. 502 Gibson Ave is a home located in Fayette County with nearby schools including Picadome Elementary School, Jessie M. Clark Middle School, and Lafayette 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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