NOT LISTED FOR SALE

541 Elm Tree Ln Lexington, KY 40508

North Limestone Neighborhood

Estimated Value: $466,000 - $653,000

4 Beds
3.5 Baths
2,711 Sq Ft
$218/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $574,900 $212 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,719/month

53 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Neighborhood Views
  • Frederick Douglass High School Rated A-
  • Main Floor Primary Bedroom
  • 5-minute walk to Duncan Park

About This Home

As of July 2023

Downtown Stunner! Walk directly into the heart of this home full of light and WoW! Bianco Carrara backsplash, quartz counters with island waterfall, farmhouse sink and all new appliances in the kitchen. First floor includes 1 of 2 primary suites with walk in closet and ensuite bath. Dining area has a modern accent wall. Stylish powder room
and large laundry complete the first floor. Upstairs you'll find 2 delightful bedrooms and guest bathroom with custom-built cabinetry. 2nd Primary bedroom option has a 2 person shower and dressing area. Hardwood floors, exposed brick and decorative fireplaces honor the character of the early 1900's. The immaculate cellar is a bonus for storage or more. Outside you will find an oversized deck and concrete pad in the right-sized backyard. This home is bursting with potential for investment, enjoyment and community! Schedule your personal tour today!

Last Agent to Sell the Property

Raquel Carter

Guide Realty, Inc. License #203070 Listed on: 04/14/2023

Last Buyer's Agent

Chancellor Scott

Guide Realty, Inc. License #221140

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,109

Year Built

  • Built in 1900

Lot Details

  • 4,456 Sq Ft Lot

Home Design

  • Block Foundation
  • Stone Foundation
  • Dimensional Roof
  • Shingle Roof
  • Masonry
  • Stone

Interior Spaces

  • 2,711 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Utility Room
  • Neighborhood Views
  • Attic Floors

Kitchen

  • Breakfast Bar
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Washer Hookup

Basement

  • Sump Pump
  • Crawl Space

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Schools

  • William Wells Brown Elementary School
  • Lexington Trad Middle School
  • Frederick Douglass High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 10147900

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,109

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2711.0
  • Levels: Two
  • New Construction: No
  • Structure Type:House: Yes
  • View:Neighborhood: Yes
  • Roof:Dimensional Style: 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:Main Level: Yes
  • Foundation Details:Block3: Yes
  • Appliances Refrigerators: Yes
  • Roof:Shingle: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Entrance Foyer, Primary Downstairs, Walk-In Closet(s)
  • Flooring: Hardwood, Tile
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Basement: Crawl Space, Sump Pump
  • Basement: No
  • Total Bedrooms: 4
  • Fireplace: No
  • LivingArea: 2711.0
  • Lot Size Area: 0.1
  • Appliances Dishwasher: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Breakfast Bar: Yes
  • Basement:Crawl Space: Yes
  • Basement:Sump Pump: Yes
  • Appliances:Gas Range: Yes

Exterior Features

  • Roof: Dimensional Style, Shingle
  • Construction Materials: Stone, Solid Masonry
  • Foundation Details: Block, Stone
  • List Price: 574900.0
  • Patio And Porch Features: Deck, Porch
  • View: Neighborhood
  • View YN: Yes
  • Waterfront: No
  • Construction Materials:Solid Masonry: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Main Level, Washer Hookup
  • Water Source: Public
  • Heating:Forced Air: Yes

Schools

  • Elementary School: William Wells Brown
  • High School: Frederick Douglass
  • Middle or Junior School: Lexington Trad

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4456.0
  • Parcel Number: 10147900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Jul 27, 2023
Sold by
Nova Development Llc
Bought by
Hale Lisa and Gilvin Brandon
Seller's Agent
Raquel Carter
Guide Realty, Inc.
Buyer's Agent
Chancellor Scott
Guide Realty, Inc.
List Price
$594,500
Sold Price
$574,900
Premium/Discount to List
-$19,600
-3.3%
Views
240
Current Estimated Value
$589,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,021
Avg. Annual Appreciation
1.17%
Original Mortgage
$431,175
Outstanding Balance
$421,129
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$168,792

Purchase Details

Closed on
May 28, 2021
Sold by
Anderson Kevin and Anderson Stanley D Est
Bought by
Nova Dev Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
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
Hale Lisa $574,900 Bluegrass Land Title
Nova Dev Llc $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hale Lisa $431,175
Previous Owner Nova Dev Llc $337,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2023 07/28/23 Sold $574,900 0.0% $212 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
05/17/2023 05/17/23 Price Changed $574,900 -2.5% $212 / Sq Ft
05/09/2023 05/09/23 Price Changed $589,500 -0.8% $217 / Sq Ft
04/14/2023 04/14/23 For Sale $594,500 -- $219 / 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 $7,109 $574,900 $0 $0
2023 $5,261 $425,400 $0 $0
2022 $1,788 $140,000 $0 $0
2021 $958 $75,000 $0 $0
2020 $456 $75,000 $0 $0
2019 $456 $75,000 $0 $0
2018 $478 $75,000 $0 $0
2017 $455 $75,000 $0 $0
2015 $459 $75,000 $0 $0
2014 $459 $39,000 $0 $0
2012 $459 $75,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Raquel Carter

    Seller's Agent in 2023

    Raquel Carter

    Guide Realty, Inc.

    (859) 421-8984

    7 in this area

    232 Total Sales

    Raquel Carter
    Section Image
  • Chancellor Scott

    Buyer's Agent in 2023

    Chancellor Scott

    Guide Realty, Inc.

    (859) 321-6226

    2 in this area

    44 Total Sales

    Chancellor Scott
    Section Image
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 23006590

ImagineMLS (Bluegrass REALTORS®)

APN: 10147900

Kentucky Fayette County Lexington 40508 North Limestone

541 Elm Tree Ln, Lexington, KY

This home is located at 541 Elm Tree Ln, Lexington, KY 40508 since 14 April 2023 and is currently estimated at $589,921, approximately $217 per square foot. This property was built in 1900. 541 Elm Tree Ln is a home located in Fayette County with nearby schools including William Wells Brown Elementary School, Lexington Traditional Magnet School, and Frederick Douglass 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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