NOT LISTED FOR SALE

704 Melrose Ave Lexington, KY 40502

Hollywood Neighborhood

Estimated Value: $510,777 - $627,000

2 Beds
2 Baths
1,624 Sq Ft
$355/Sq Ft Est. Value

Last Sold July 11, 2014

Last sale price $284,000 $175 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $3,443/month

3 Days on Market

Highlights

  • Wood Flooring
  • Tennis Courts
  • Eat-In Kitchen
  • Cassidy Elementary School Rated A
  • 2 Car Detached Garage
  • Storm Windows

About This Home

As of July 2014

This beautifully updated bungalow on a quiet street in desirable Hollywood has it all! Amazing location very close to UK, Morton Middle School and popular Chevy Chase shopping and restaurants. Spacious master suite with walk-in closet and attached master bath with custom tile. 600+ sqft addition includes a huge kitchen with new cabinetry, granite counter tops and extra living area. Hardwood floors are in great condition throughout. 2 car garage and partial basement provide plenty of room for storage. Beautifully landscaped! Enjoy relaxing on your covered front porch or in the private fenced backyard. Energy efficient windows. Updated plumbing and electrical. Blown-in attic insulation. Eligible for UK's Employee Assisted Housing program which provides forgivable loans of up to $15,000 to eligible employees for down payment and closing costs. Completely updated - Must see to believe! Schedule your private tour today.

Last Agent to Sell the Property

Lindsay Muzic

Estate Source, LLC Listed on: 06/08/2014

Last Buyer's Agent

Mina Mattone

Bluegrass Sotheby's International Realty License #199745

Bluegrass Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,037

Year Built

  • Built in 1929

Lot Details

  • 6,098 Sq Ft Lot
  • Privacy Fence
  • Wood Fence
  • Wire Fence
  • Many Trees

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Brick Veneer
  • Stone Foundation
  • Shingle Roof
  • HardiePlank Type

Interior Spaces

  • 1,624 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Insulated Windows
  • Blinds
  • Window Screens
  • Insulated Doors
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Utility Room
  • Unfinished Basement
  • Partial Basement
  • Permanent Attic Stairs
  • Storm Windows

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Cassidy Elementary School
  • Morton Middle School
  • Henry Clay High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 12311700

Community Details

Overview

  • Hollywood Subdivision

Recreation

  • Tennis Courts
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,037

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Year Built: 1929
  • Above Grade Finished Sq Ft: 1624.0
  • Levels: One
  • New Construction: No
  • Flooring:Hardwood: Yes
  • Flooring:Tile2: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Laundry Features:Washer Hookup: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Appliances Refrigerators: Yes
  • Fencing:Privacy: Yes
  • Fencing:Wood2: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Roof:Shingle: Yes
  • Laundry Features:Gas Dryer Hookup: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Primary Downstairs, Walk-In Closet(s)
  • Flooring: Hardwood, Tile
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Partial, Unfinished
  • Basement: Yes
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • LivingArea: 1624.0
  • Lot Size Area: 0.14
  • Window Features: Blinds, Insulated Windows, Screens, Storm Window(s)
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Breakfast Bar: Yes
  • Basement:Partial: Yes

Exterior Features

  • Roof: Shingle
  • Construction Materials: Brick Veneer, HardiPlank Type
  • Fencing: Privacy, Wood
  • Foundation Details: Stone
  • List Price: 284000.0
  • Lot Features: Many Trees
  • Patio And Porch Features: Patio
  • Waterfront: No
  • Construction Materials:Brick Veneer: Yes
  • Window Features:Blinds: Yes
  • Window Features:Insulated Windows: Yes
  • Window Features:Screens: Yes
  • Window Features:Storm Window(s): Yes
  • Construction Materials:HardiPlank Type: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached Garage, Garage Door Opener, Garage Faces Rear, Off Street

Utilities

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

Condo/Co-op/Association

  • Community Features: Park, Tennis Court(s)

Schools

  • Elementary School: Cassidy
  • High School: Henry Clay
  • Middle or Junior School: Morton

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098.41
  • Parcel Number: 12311700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2014
Closed on
Jul 15, 2014
Sold by
Walker Elisabeth and Walker William
Bought by
Prather Joel M
Seller's Agent
Lindsay Muzic
Estate Source, LLC
Buyer's Agent
Mina Mattone
Bluegrass Sotheby's International Realty
List Price
$284,000
Sold Price
$284,000
Current Estimated Value
$576,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,444
Avg. Annual Appreciation
6.47%
Original Mortgage
$184,000
Outstanding Balance
$140,206
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$436,238

Purchase Details

Closed on
Jun 15, 2006
Sold by
Gravitt Brian
Bought by
Ray Joseoph and Ray Joann
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
Prather Joel M $284,000 --
Ray Joseoph $188,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prather Joel M $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2014 07/11/14 Sold $284,000 0.0% $175 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
06/08/2014 06/08/14 For Sale $284,000 -- $175 / 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 $5,037 $407,300 $0 $0
2023 $5,037 $407,300 $0 $0
2022 $4,217 $330,100 $0 $0
2021 $4,217 $330,100 $0 $0
2020 $4,217 $330,100 $0 $0
2019 $4,217 $330,100 $0 $0
2018 $3,628 $284,000 $0 $0
2017 $3,457 $284,000 $0 $0
2015 $2,328 $284,000 $0 $0
2014 $2,328 $208,000 $0 $0
2012 $2,328 $208,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Lindsay Muzic

    Estate Source, LLC

  • Mina Mattone

    Buyer's Agent in 2014

    Mina Mattone

    Bluegrass Sotheby's International Realty

    (859) 293-7190

    2 in this area

    109 Total Sales

    Mina Mattone
    Section Image

  • M

    Buyer Co-Listing Agent in 2014

    Mary Gardner Turner

    Bluegrass Sotheby's International Realty

    (859) 268-0099

    18 Total Sales

    Mary Gardner Turner
    Section Image
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 1410954

ImagineMLS (Bluegrass REALTORS®)

APN: 12311700

Kentucky Fayette County Lexington 40502 Hollywood

704 Melrose Ave, Lexington, KY

This home is located at 704 Melrose Ave, Lexington, KY 40502 since 08 June 2014 and is currently estimated at $576,444, approximately $354 per square foot. This property was built in 1929. 704 Melrose Ave is a home located in Fayette County with nearby schools including Cassidy Elementary School, Morton Middle School, and Henry Clay 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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