new - 7 days on rocket

508 E Main St Unit 402, Lexington, KY, 40508

$499,000

Home List Price

$5,926*

Closing Credit

3 Bedrooms
2 Full Baths
Condo

Location

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508 E Main St Unit 402, Lexington$499,000

Buyer Closing Credits

$5,926*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
ParkingOff Street
Year Built1932
HeatingElectric
CoolingElectric
MLS #24025514
StatusActive

About 508 E Main St Unit 402

Exquisite, charming and unique--The Wellington Arms is the jewel of Main Street. The rarely available Penthouse features 3 bedrooms & 2 updated baths is nothing shy of spectacular! Lovely living and dining rooms with amazing natural light! Private Laundry room with tasteful storage and Washer/dryer combo unit included! Gorgeous views of Main Street and Downtown! Retaining the embellishments from its original design, coupled with contemporary expectations, this space creates a unique downtown living experience. A gourmet and entertainment ready kitchen boasting granite and nice stainless appliances, soaring 9' ceilings, elegant lighting fixtures, original hardwood floors, raised paneling and gracious living at its best! Common areas include a courtyard & patio, stunning first floor gathering room flanked by leaded glass, on site salon, gym & community room on the lower level. Walk to Kentucky Theatre, Woodland Park, Rupp Arena, Kroger Field, historic Bell Court & restaurants galore. One parking space per owner in the parking shelter & all maintenance provided! Don't miss out on this rare gem!

Property Details

Property Features

Property Information:

  • Year Built: 1932
  • Stories: 1

Listing Office:

  • Office Name: RE/MAX Creative Realty
  • Office Phone: (859) 422-2000

Interior Features

Interior Information:

  • Appliances: Disposal, Gas Water Heater, Washer, Cooktop, Refrigerator, Range, Microwave, Dishwasher, Dryer
  • Flooring Type: Hardwood, Tile, Marble
  • Interior: Dining Area, Breakfast Bar, Primary First Floor, Bedroom First Floor, Elevator, Walk-In Closet(s), Eat-in Kitchen

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Patio

Parking Information:

  • Attached Garage: No
  • Parking: Off Street

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Electric

Other

Directions Information:

  • Directions: Corner of Main Street and Woodland Avenue. For directions from your app input: Nature Conservancy, 114 Woodland Ave, Lexington, KY 40502.

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,000

Tax Information:

  • Annual Amount: $4,152
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lexington, KY.

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Lexington, KY

City

Med. Sold Price

$325.1K

Med. Price/SqFt

$144

Avg. Days On Market

21

# of Sold Homes

237

508 E Main St Unit 402 vs Lexington

7 DAYS ON ROCKET

-14 Days

$499,000

+$173.8K More

KEY TAKEAWAY

This property is $173.8K more than the Median Sold Price in Lexington, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24025514

Listing Office:

  • Office Name: RE/MAX Creative Realty
  • Office Phone: (859) 422-2000

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 10:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 02, 2016Home Sold
$325,000
Mar 18, 2014Home Sold
$290,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,152$325,000
2019$4,152$325,000
2018$4,152$325,000

History based on county public records data.

Payment Calculator

$2,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,563

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4507787
5
/10

  • Maxwell Spanish Immersion Elementary School

  • 301 Woodland Ave

  • 0.34 miles

  • Public Magnet Grades KG-5

school-card-donut-4507788
7
/10

  • Ashland Elementary School

  • 195 N Ashland Ave

  • 0.45 miles

  • Public District Grades KG-5

school-card-donut-4507789
1
/10

  • William Wells Brown Elementary School

  • 555 E Fifth St

  • 0.69 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,189. Typical income of Lexington, KY residents is between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 508 E Main St Unit 402

What is the listing price of this property?

The listing price of 508 E Main St Unit 402 property is $499,000.

What type of property is this?

The property 508 E Main St Unit 402 is a condo located in Lexington, Kentucky, 40508.

Is this property for sale now?

Active Listing: 508 E Main St Unit 402 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,152 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 2, 2016 for $325,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 508 E Main St Unit 402 has 3 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 508 E Main St Unit 402 is 1932.

Rocket Homes›Kentucky›Fayette County›Lexington›40508›508 E Main St Unit 402

This home is located at 508 E Main St Unit 402 in Lexington, KY and zip code 40508 in the Aylesford Place neighborhood. This home was built in 1932. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $499,000.

Lexington, KY housing market in November 2024 saw over 44 listings sold above listed price, more than 65 sold at listed price and over 128 sold below. Between October 2024 and November 2024, Lexington, KY real estate market has seen decrease in the number of listings by 4.7%. In November 2024, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $325,139.

From Rocket Homes Real Estate and based on county public records data.

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