NOT LISTED FOR SALE

505 Severn Way Lexington, KY 40503

Open Gates Neighborhood

Estimated Value: $321,970 - $379,000

4 Beds
2 Baths
1,615 Sq Ft
$221/Sq Ft Est. Value

Last Sold February 19, 2016

Last sale price $177,000 $110 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $2,122/month

28 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • 2 Car Attached Garage
  • Clays Mill Elementary School Rated A
  • Bonus Room
  • Eat-In Kitchen

About This Home

As of February 2016

OPEN House SUN 2-4. Beautiful Renovation. POPULAR Neighborhood. 4 Bedrooms, 2 Full Baths, Office Area, NEW Stainless Kitchen Appliances, Granite Kitchen and Quartz Bath Counters, deep Kitchen Sink with upscale Faucet, 18'' TRAVERTINE in the Entry, Kitchen, Bath, Office area and Laundry Floors and also in Shower and Tub areas, NEW Fixtures, NEW FANtastic Ceiling Fan in Vaulted family room, beautiful HARDWOOD flooring, NEW Carpet, Fresh Paint, Stone Fireplace, NEW tall Bath Vanities, NEW tall Toilets. NEW six panel doors, Attention to detail everywhere, lots of NEW wire shelving, NEW Oil Bronze Hinges, Doorknobs and Plumbing Fixtures, Replacement Windows at some point, Recessed Lighting, Glass Tile Back Splash, NEW Light Switches throughout, pull down stairs to attic, Carrier exterior HVAC, Shingles approximately 4 years old, ATTACHED 2 Car Garage, DECK, Fenced yard, Large STORAGE Building with Electric, Exposed Aggregate Circular Drive, QUIET Street, AMAZING. Don't wait. Welcome Home.

Last Agent to Sell the Property

Ned Werling

RE/MAX Creative Realty Listed on: 01/02/2016

Last Buyer's Agent

Terra Long

Keller Williams Commonwealth License #216445

Keller Williams Commonwealth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,965

Year Built

  • Built in 1973

Lot Details

  • 9,148 Sq Ft Lot
  • Wood Fence
  • Wire Fence

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Brick Veneer
  • Block Foundation
  • Dimensional Roof
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,615 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace Features Masonry
  • Insulated Windows
  • Blinds
  • Insulated Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Bonus Room
  • Utility Room
  • Washer and Gas Dryer Hookup
  • Crawl Space
  • Storm Doors

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Attic

  • Storage In Attic
  • Pull Down Stairs to Attic

Outdoor Features

  • Deck
  • Shed

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 15668762

Community Details

Overview

  • Open Gates Subdivision

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,965

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Year Built: 1973
  • Above Grade Finished Sq Ft: 1615.0
  • Levels: One
  • New Construction: No
  • Roof:Dimensional Style: Yes
  • Flooring:Carpet: Yes
  • Flooring:Hardwood: Yes
  • 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
  • Foundation Details:Block3: 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: Dishwasher, Microwave, Range, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Primary Downstairs, Walk-In Closet(s)
  • Flooring: Carpet, Hardwood, Tile
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Crawl Space
  • Basement: No
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplace Features: Family Room, Masonry
  • Fireplace: Yes
  • LivingArea: 1615.0
  • Lot Size Area: 0.21
  • Window Features: Blinds, Insulated Windows
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Dimensional Style, Shingle
  • Construction Materials: Wood Siding, Brick Veneer
  • Fencing: Wood
  • Foundation Details: Block
  • List Price: 189900.0
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Waterfront: No
  • Construction Materials:Brick Veneer: Yes
  • Window Features:Blinds: Yes
  • Window Features:Insulated Windows: Yes
  • Exterior Features:Storm Door(s): Yes
  • Construction Materials:Wood Siding: 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

Schools

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

Lot Info

  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9147.61
  • Parcel Number: 15668762

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2015
Sold by
Edwards Valerie J and Edwards Lewis K
Bought by
Heady Sarah and Combs Ruth M
Current Estimated Value
$356,493

Purchase Details

Closed on
Aug 23, 2011
Sold by
Edwards Lewis K and Edwards Valerie
Bought by
Lewis Lola Philpot Tr and Edwards Lewis K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,300
Interest Rate
4.54%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Heady Sarah $139,000 --
Lewis Lola Philpot Tr $133,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lewis Lola Philpot Tr $27,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2016 02/19/16 Sold $177,000 0.0% $110 / Sq Ft
01/29/2016 01/29/16 Pending -- -- --
01/01/2016 01/01/16 For Sale $177,000 -- $110 / 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 $2,965 $239,800 $0 $0
2023 $2,833 $229,100 $0 $0
2022 $2,927 $229,100 $0 $0
2021 $2,927 $229,100 $0 $0
2020 $2,261 $177,000 $0 $0
2019 $2,261 $177,000 $0 $0
2018 $2,261 $177,000 $0 $0
2017 $2,155 $177,000 $0 $0
2015 $1,108 $133,000 $0 $0
2014 $1,108 $97,000 $0 $0
2012 $1,108 $133,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2016

    Ned Werling

    RE/MAX

  • Terra Long

    Buyer's Agent in 2016

    Terra Long

    Keller Williams Commonwealth

    (859) 707-7366

    1 in this area

    270 Total Sales

    Terra Long
    Section Image
See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 1600015

ImagineMLS (Bluegrass REALTORS®)

APN: 15668762

Kentucky Fayette County Lexington 40503 Open Gates

505 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.

Nearby Homes