NOT LISTED FOR SALE

505 W Main St Unit 502 Lexington, KY 40507

Historic Western Suburb Neighborhood

Estimated Value: $673,000 - $984,000

3 Beds
2 Baths
1,978 Sq Ft
2018 Built

Last Sold December 14, 2017

Last sale price $425,000 $215 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $5,099/month

141 Days on Market

Highlights

  • Newly Remodeled
  • Contemporary Architecture
  • Brick Veneer
  • Lafayette High School Rated A
  • Detached Garage
  • 1-minute walk to Triangle Park

About This Home

As of December 2017

UNFINISHED White-box 2-story penthouse unit!!! Create your own dream space. This unit already has plumbing and electrical rough-ins plus drywall....the rest is up to you. You finish it after closing with your own flooring, bathroom fixtures, kitchen cabinets, appliances & lighting. Bedroom walls are already in but could be easily modified or removed at this stage. The possibilities are endless in this large two story shell space with floor to ceiling windows and spectacular downtown views. Design your own amazing rooftop garden on your huge private rooftop patio with sweeping views. The 505 on Main consists of a total of 17 elegant downtown loft condos. Come join the energy of downtown living at its finest, directly across the street from Rupp Arena. Located in the heart of it all on Main St. Steps away from Rupp Arena, The Square, Triangle Park, Lexington Opera House, 5/3 Pavilion and a fast growing list of amazing restaurants and night life. Sleek glass elevator and lobby.

Last Agent to Sell the Property

Joy Lynn Moore

Moore Real Estate Group License #205832 Listed on: 02/27/2017

Co-Listed By

McKay Moore

LRC Lexington's Real Estate Co License #217787

Last Buyer's Agent

Aaron Marsh

Palmer-Hampton Realty License #222129

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,387

Year Built

  • Built in 2018 | Newly Remodeled

Parking

  • Detached Garage

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor
  • Brick Veneer
  • Block Foundation
  • Rubber Roof

Interior Spaces

  • 2-Story Property
  • Concrete Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for management
  • Assessor Parcel Number NEW OR UNDER CONSTRUCTION

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include insurance, snow removal
  • Downtown Subdivision
  • On-Site Maintenance

Recreation

  • Snow Removal

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,387

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Condominium
  • Architectural Style: Contemporary
  • Year Built: 2018
  • Entry Level: 5
  • Levels: Two
  • New Construction: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Foundation Details:Block3: Yes
  • Architectural Style:Contemporary: Yes
  • Roof:Rubber: Yes
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Elevator
  • Flooring: Concrete
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Owner Pays: Management

Exterior Features

  • Roof: Rubber
  • Construction Materials: Brick Veneer
  • Foundation Details: Block
  • Home Warranty: No
  • List Price: 499000.0
  • Patio And Porch Features: Patio
  • Property Condition: New Construction
  • Waterfront: No
  • Construction Materials:Brick Veneer: Yes

Garage/Parking

  • Attached Garage: No
  • Garage: Yes
  • Parking Features: Detached Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Forced Air
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Snow Removal

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

Closed on
Apr 18, 2019
Sold by
Lowdenback Clifford Joseph and Lowdenback Clifford
Bought by
Central Bk & Tr Co
Current Estimated Value
$848,088

Purchase Details

Listed on
Feb 27, 2017
Closed on
Dec 21, 2017
Sold by
Mcnb Bk & Tr Co
Bought by
Lowdenback Clifford J and Lowdenback Clifford Joseph
Seller's Agent
Joy Lynn Moore
Moore Real Estate Group
Buyer's Agent
Aaron Marsh
Palmer-Hampton Realty
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
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
Central Bk & Tr Co $496,000 --
Lowdenback Clifford J $425,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2017 12/14/17 Sold $425,000 0.0% $215 / Sq Ft
07/18/2017 07/18/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $425,000 -- $215 / 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 $7,387 $597,400 $0 $0
2023 $7,387 $597,400 $0 $0
2022 $7,631 $597,400 $0 $0
2021 $7,026 $550,000 $0 $0
2020 $7,026 $550,000 $0 $0
2019 $7,026 $550,000 $0 $0
2018 $5,429 $425,000 $0 $0
2017 $5,868 $482,000 $0 $0
2015 $1,429 $482,000 $0 $0
2014 $1,429 $127,700 $0 $0
2012 $1,429 $127,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Joy Lynn Moore

    Moore Real Estate Group

    (859) 533-0547

    3 Total Sales

    Joy Lynn Moore
    Section Image
  • McKay Moore

    Seller Co-Listing Agent in 2017

    McKay Moore

    LRC Lexington's Real Estate Co

    (859) 806-5586

    56 Total Sales

    McKay Moore
    Section Image

  • A

    Buyer's Agent in 2017

    Aaron Marsh

    Palmer-Hampton Realty

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 1704024

ImagineMLS (Bluegrass REALTORS®)

APN: 38238160

Kentucky Fayette County Lexington 40507 Historic Western Suburb

505 W Main St Unit 502, Lexington, KY

This home is located at 505 W Main St Unit 502, Lexington, KY 40507 since 27 February 2017 and is currently estimated at $848,088, approximately $428 per square foot. This property was built in 2018. 505 W Main St Unit 502 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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