2 months on rocket

551 W Fifth St, Lexington, KY, 40508

$111,900

Home List Price

$1,329*

Closing Credit

1 Bedroom
0 Baths
House

Location

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551 W Fifth St, Lexington$111,900

Buyer Closing Credits

$1,329*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1900
HeatingOther
CoolingOther
MLS #24022191
Lot Size0.05 Acres
StatusActive

About 551 W Fifth St

This property is a diamond in the rough, prime location in the heart of downtown, this property offers immense potential for the savvy investor or developer. The building is in need of a complete overhaul, but with the right vision, it could be transformed into a beautiful downtown Lexington home. Located in a high-demand area, surrounded by ongoing developments, restaurants, and businesses, this property is poised to benefit from future growth.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Stories: 1

Listing Office:

  • Office Name: Bluegrass Sotheby's International Realty
  • Office Phone: (859) 268-0099

Interior Features

Interior Information:

  • Flooring Type: Other

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: Take Broadway northbound, left on Fifth Street, property is on your right before you hit Jefferson St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $111,900

Tax Information:

  • Annual Amount: $374
  • 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

551 W Fifth St vs Lexington

61 DAYS ON ROCKET

+40 Days

$111,900

-$213.2K Less

KEY TAKEAWAY

This property is $213.2K less than the Median Sold Price in Lexington, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24022191

Listing Office:

  • Office Name: Bluegrass Sotheby's International Realty
  • Office Phone: (859) 268-0099

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: 12/21/2024, 7:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$374$29,300
2019$374$29,300
2018$374$29,300

History based on county public records data.

Payment Calculator

$626

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$402

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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-764427
1
/10

  • Harrison Elementary School

  • 161 Bruce St

  • 0.51 miles

  • Public District Grades PK-5

school-card-donut-764428
2
/10

  • Booker T. Washington Elementary School

  • 707 Howard St

  • 0.88 miles

  • Public District Grades PK-5

school-card-donut-764429
2
/10

  • Arlington Elementary School

  • 122 Arceme Ave

  • 0.89 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 $24,391. Typical income of Lexington, KY residents is less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 551 W Fifth St

What is the listing price of this property?

The listing price of 551 W Fifth St property is $111,900.

What type of property is this?

The property 551 W Fifth St is a house located in Lexington, Kentucky, 40508.

Is this property for sale now?

Active Listing: 551 W Fifth St 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 $374 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 551 W Fifth St has 1 bedroom.

Which year was this property built?

The year of construction for 551 W Fifth St is 1900.

Rocket Homes›Kentucky›Fayette County›Lexington›40508›551 W Fifth St

This home is located at 551 W Fifth St in Lexington, KY and zip code 40508 in the Northside neighborhood. This home, which was built in 1900, sits on a 0.05 acre lot. Features: 1 bedroom. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $111,900.

Over 44 listings were sold over their listed price in November 2024 in Lexington, KY. In the same period over 128 listings were sold below the listed price and 65 listings were sold for the listed price. Between October 2024 and November 2024, Lexington, KY real estate market has seen decrease in the number of listings by 4.7%. Listings spent 21 days on the market in November 2024, and had a median list price of $325,139 during the same period.

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

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