NOT LISTED FOR SALE

505 Ashley Way Lexington, KY 40503

Open Gates Neighborhood

Estimated Value: $346,062 - $394,000

4 Beds
2 Baths
1,941 Sq Ft
$194/Sq Ft Est. Value

Last Sold January 08, 2021

Last sale price $250,000 $129 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,249/month

38 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • Tennis Courts
  • Clays Mill Elementary School Rated A
  • Community Pool
  • 2 Car Attached Garage

About This Home

As of January 2021

Nice all brick, all electric split foyer that offers 4BR, 2BA and is in a very quiet cul-de-sac with plenty of space between neighbors. The open kitchen features two pantries, ceramic tile and a large Breakfast Area. The home has a large living room, 3 bedrooms and a full bath on the upper level. The lower level features a family room with a wood burning fireplace, a bedroom\office and a full bath. This home is conveniently located near Fayette Mall, Lexington Green, UK, hospitals, airport, public parks and pools.

Last Agent to Sell the Property

Greg Thomas

Bluegrass Property Exchange License #209798 Listed on: 10/31/2020

Last Buyer's Agent

Lana Stephens

The Jury Group Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,385

Year Built

  • Built in 1980

Lot Details

  • 7,405 Sq Ft Lot
  • Wood Fence
  • Wire Fence
  • Wooded Lot
  • Many Trees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

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

Interior Spaces

  • 1,941 Sq Ft Home
  • Multi-Level Property
  • Ceiling Fan
  • Fireplace Features Masonry
  • Blinds
  • Window Screens
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Dining Room
  • Utility Room
  • Washer and Gas Dryer Hookup
  • Pull Down Stairs to Attic
  • Storm Doors

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement

Outdoor Features

  • Deck

Schools

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

Utilities

  • Cooling Available
  • Air Source Heat Pump
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 55342031

Community Details

Overview

  • Open Gates Subdivision

Recreation

  • Tennis Courts
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,385

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Year Built: 1980
  • Above Grade Finished Sq Ft: 1941.0
  • Levels: Multi/Split
  • New Construction: No
  • Flooring:Carpet: 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:Slab: Yes
  • Fencing:Wood2: Yes
  • Roof:Shingle: Yes
  • Laundry Features:Gas Dryer Hookup: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Range
  • Interior Amenities: Ceiling Fan(s), Entrance Foyer
  • Flooring: Carpet, Tile, Vinyl
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Basement: Yes
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplace Features: Basement, Family Room, Masonry
  • Fireplace: Yes
  • LivingArea: 1941.0
  • Lot Size Area: 0.17
  • Window Features: Blinds, Screens
  • Full Basement: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Entrance Foyer: Yes

Exterior Features

  • Roof: Shingle
  • Construction Materials: Brick Veneer
  • Fencing: Wood
  • Foundation Details: Slab
  • List Price: 259900.0
  • Lot Features: Many Trees, Wooded
  • Patio And Porch Features: Deck
  • Waterfront: No
  • Construction Materials:Brick Veneer: Yes
  • Window Features:Blinds: Yes
  • Window Features:Screens: Yes
  • Exterior Features:Storm Door(s): Yes
  • Lot Features:Wooded: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached Garage, Garage Door Opener

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Heat Pump
  • Cooling: Electric, Heat Pump
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Utilities: Electricity Connected
  • Water Source: Public
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405.21
  • Parcel Number: 55342031

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2020
Closed on
Jan 22, 2021
Sold by
Whitson Lon
Bought by
Wickline Anthony S
Seller's Agent
Greg Thomas
Bluegrass Property Exchange
Buyer's Agent
Lana Stephens
The Jury Group Realtors
List Price
$263,000
Sold Price
$250,000
Premium/Discount to List
-$13,000
-4.94%
Current Estimated Value
$375,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,766
Avg. Annual Appreciation
8.86%

Purchase Details

Closed on
Nov 3, 2017
Sold by
Moman Margaret A
Bought by
Whitson Lon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2017
Sold by
Whitson Lon
Bought by
Moman Margaret A

Purchase Details

Closed on
May 9, 2008
Sold by
Crone Todd W and Crone Theresa K
Bought by
Moman Margaret A
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
Wickline Anthony S $250,000 --
Whitson Lon $164,500 --
Moman Margaret A -- --
Moman Margaret A $152,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moman Margaret A $164,500
Previous Owner Moman Margaret A $22,000
Previous Owner Moman Margaret A $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2021 01/08/21 Sold $250,000 -3.8% $129 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
11/16/2020 11/16/20 Price Changed $259,900 -1.2% $134 / Sq Ft
10/27/2020 10/27/20 For Sale $263,000 -- $135 / 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 $3,385 $273,700 $0 $0
2023 $3,092 $250,000 $0 $0
2022 $3,194 $250,000 $0 $0
2021 $3,194 $250,000 $0 $0
2020 $2,101 $164,500 $0 $0
2019 $2,101 $164,500 $0 $0
2018 $2,101 $164,500 $0 $0
2017 $1,989 $163,400 $0 $0
2015 $1,701 $152,000 $0 $0
2014 $1,701 $152,000 $0 $0
2012 $1,701 $152,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Greg Thomas

    Bluegrass Property Exchange

    Section Image

  • L

    Buyer's Agent in 2021

    Lana Stephens

    The Jury Group Realtors

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 20022477

ImagineMLS (Bluegrass REALTORS®)

APN: 55342031

Kentucky Fayette County Lexington 40503 Open Gates

505 Ashley Way, Lexington, KY

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