NOT LISTED FOR SALE

505 W Main St Unit 401 Lexington, KY 40507

Historic Western Suburb Neighborhood

Estimated Value: $490,000 - $722,000

2 Beds
2 Baths
1,811 Sq Ft
2014 Built

Last Sold November 17, 2014

Last sale price $400,000 $221 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,531/month

232 Days on Market

Highlights

  • Newly Remodeled
  • Contemporary Architecture
  • Main Floor Primary Bedroom
  • Lafayette High School Rated A
  • Wood Flooring
  • 1-minute walk to Triangle Park

About This Home

As of November 2014

The 505 on Main consists of 17 elegant new downtown loft condos. Come and join the energy of downtown living at its finest. High end finishes include granite counters, wood flooring, sleek wood cabinetry, floor to ceiling windows, large private balconies, high ceilings and contemporary lighting and plumbing fixtures. Located in the heart of it all on Main St. Steps away from Rupp Arena, Victorian Square Shops, Triangle Park, The Lexington Opera House and a fast growing list of amazing restaurants and night life. This corner unit has awesome views of Triangle Park fountains and the downtown skyline. Well designed floor plan with lots of glass has a huge open kitchen, living and dining space with amazing views, office, large master suite with walk in closet and balcony overlooking Main St. This is the only new downtown project that will be ready for purchase and move in during 2014. Don't hesitate...you will miss your opportunity.

Last Agent to Sell the Property

Joy Lynn Moore

Moore Real Estate Group License #205832 Listed on: 12/17/2013

Last Buyer's Agent

Debra Fox

Keller Williams Bluegrass Realty License #188413

Keller Williams Bluegrass Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,466

Year Built

  • Built in 2014 | Newly Remodeled

Home Design

  • Contemporary Architecture
  • Entry on the 4th floor
  • Flat Roof Shape
  • Brick Veneer
  • Block Foundation
  • Rubber Roof

Interior Spaces

  • Ceiling Fan
  • Insulated Windows
  • Insulated Doors
  • Great Room
  • Home Office
  • Utility Room
  • Washer and Gas Dryer Hookup
  • Basement

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • Detached Garage
  • Rear-Facing Garage
  • Side Facing Garage
  • Garage Door Opener

Outdoor Features

  • Patio

Schools

  • Harrison Elementary School
  • Lexington Trad Middle School
  • Lafayette High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Builder Warranty
  • Assessor Parcel Number NEW OR UNDER CONSTRUCTION

Community Details

Overview

  • Association fees include central cooling, central heating, insurance, sewer, snow removal, trash, water
  • Downtown Subdivision
  • Property has a Home Owners Association
  • On-Site Maintenance

Recreation

  • Park
  • Snow Removal

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,466

Year Built

Built in 2014 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Condominium
  • Architectural Style: Contemporary
  • Year Built: 2014
  • Entry Level: 4
  • New Construction: 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
  • Architectural Style:Contemporary: Yes
  • Laundry Features:Gas Dryer Hookup: Yes
  • Roof:Flat: Yes
  • Roof:Rubber: Yes
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Elevator, Primary Downstairs, Walk-In Closet(s)
  • Flooring: Carpet, Hardwood, Tile
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Concrete
  • Total Bedrooms: 2
  • Fireplace: No
  • Window Features: Insulated Windows
  • Basement:Concrete: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Breakfast Bar: Yes

Exterior Features

  • Roof: Flat, Rubber
  • Construction Materials: Brick Veneer
  • Foundation Details: Block
  • List Price: 359900.0
  • Patio And Porch Features: Patio
  • Property Condition: New Construction
  • Waterfront: No
  • Construction Materials:Brick Veneer: Yes
  • Window Features:Insulated Windows: Yes

Garage/Parking

  • Attached Garage: No
  • Garage: Yes
  • Parking Features: Detached Garage, Garage Door Opener, Garage Faces Rear, Garage Faces Side

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Park

Fee Information

  • Association Fee Includes: Central Cooling, Central Heating, Insurance, Sewer, Snow Removal, Trash, Water

Schools

  • Elementary School: Harrison
  • High School: Lafayette
  • Middle or Junior School: Lexington Trad

Lot Info

  • Parcel Number: NEW OR UNDER CONSTRUCTION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2013
Closed on
Nov 20, 2014
Sold by
Mcnb Bk & Tr Co
Bought by
Engle Betsy A
Seller's Agent
Joy Lynn Moore
Moore Real Estate Group
Buyer's Agent
Debra Fox
Keller Williams Bluegrass Realty
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$581,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,555
Avg. Annual Appreciation
3.48%
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
Engle Betsy A $400,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2014 11/17/14 Sold $400,000 0.0% $221 / Sq Ft
08/06/2014 08/06/14 Pending -- -- --
12/17/2013 12/17/13 For Sale $400,000 -- $221 / 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 $5,466 $442,000 $0 $0
2023 $5,466 $442,000 $0 $0
2022 $5,646 $442,000 $0 $0
2021 $5,110 $400,000 $0 $0
2020 $5,110 $400,000 $0 $0
2019 $5,110 $400,000 $0 $0
2018 $5,110 $400,000 $0 $0
2017 $4,870 $400,000 $0 $0
2015 $1,412 $400,000 $0 $0
2014 $1,412 $126,200 $0 $0
2012 $1,412 $126,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Joy Lynn Moore

    Moore Real Estate Group

    (859) 533-0547

    3 Total Sales

    Joy Lynn Moore
    Section Image
  • Debra Fox

    Buyer's Agent in 2014

    Debra Fox

    Keller Williams Bluegrass Realty

    (859) 619-9902

    35 Total Sales

    Debra Fox
    Section Image
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 1323770

ImagineMLS (Bluegrass REALTORS®)

APN: 38238110

Kentucky Fayette County Lexington 40507 Historic Western Suburb

505 W Main St Unit 401, Lexington, KY

This home is located at 505 W Main St Unit 401, Lexington, KY 40507 since 17 December 2013 and is currently estimated at $581,555, approximately $321 per square foot. This property was built in 2014. 505 W Main St Unit 401 is a home located in Fayette County with nearby schools including Harrison Elementary School, Lexington Traditional Magnet 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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