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$199,900 ↓$5,000on 10/29/2024

508 E Main Street #5 Lexington, KY  40508

  • 1 Beds
  • 1 Baths

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Property Description for 508 E Main Street #5 Lexington, KY 40508

Wellington Arms, One of Lexington's finest condo buildings designed in 1929 by architect Obadiah Bass welcomes you to unit #5. This garden-level 1 Bedroom 1 Bath residence is full of character & sophistication. A beautiful foyer awaits you behind door number five. Make your way to the European-style kitchen w/white cabinetry & granite countertops, open to the living area including a walk-in pantry or closet. Large windows with wrought iron detail add a touch of elegance and privacy but allow an ample amount of sunlight to fill the space. The bedroom suite is spacious & is complimented w/a walk-in closet and bath w/original tile. Amenities include community rooms/areas, fitness room, laundry facilities, covered secured parking, parlor, elevators, beautifully landscaped grounds/courtyard, stone walkways, & all encompassed within a secured historic building! Outstanding location within walking distance to boutiques, restaurants, Woodland Park, Rupp, University of Ky & all that Downtown Lexington has to offer!

Address:508 E Main Street Lexington KY 40508
Status:Active
on site: 122 days
Price:$199,900
Bedrooms:1 Beds
Bathrooms:1 Full Baths
Year Built:1932
County: Fayette
School System : Fayette County - 1
MLS #:24015326
Property Type:Condominium

Lot Features:0
Water Source:Public
Directions:Corner of East Main and Woodland. Parking available along Woodland Avenue.
Abv. Grnd. Sq. Ft. :674
Garage:

Loan Price
$1,126
Price And Interest $1,043/month
Property Tax $0/month
MTG INS $0/month
HOME INS $83/month
Price
$199,900
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$996 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
10/29/24 $204,900 $199,900 -2.4%
09/10/24 $209,900 $204,900 -2.4%
08/09/24 $214,900 $209,900 -2.3%

RoomSizeLevel
Primary Bedroom Info Not Available
Full Bath Info Not Available
Foyer Info Not Available
Living Room Info Not Available
Kitchen Info Not Available

Mandatory HOA Fee:$395
HOA Fee Includes:Insurance, Common Area Maintenance, Recreation Facility, Management, Trash Collection, Snow Removal, Sewer, Water

Area: 003 - Fayette County SE
City:Lexington
Subdivision: Downtown
Zip Code:40508

School System:Fayette County - 1
High School:Henry Clay
Middle School:Morton
Elementary School:Ashland

Interior Features:Walk-In Closet(s), Bedroom First Floor, Entrance Foyer
Exterior Type:Brick Veneer, Stone
Heat:Heat Pump
Total Rooms:3
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Niki Wiley with Bluegrass Sotheby's International Realty

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Lexington, KY Market Report

84
Avg. DOM
$243
Avg. $ / Sq.Ft.
$ 407,500
Med. List Price

The house prices in Lexington are indeed dropping at the moment. There has been a decrease in price of $40,464.05. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Lexington are going Down. The average house price is $399,900.00 and the average price per square feet is $232.94 per square feet. At the moment, the amount of homes listed is exactly 12092 houses, with 431 with active status, 370 with pending status and 11291 sold in Lexington .

The most popular place to buy a home in Lexington is 003 - Fayette County SE. 003 - Fayette County SE is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Lexington .

The average amount of property taxes you would have to pay for a home in Lexington is $0.00. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Lexington are staying listed for an average of 69 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Lexington was 2046 minutes ago.

At the moment we have 28 open houses that you can visit.

The cost of the most expensive home in Lexington is $10,500,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Lexington is $89,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Lexington in year 1794 and the newest built house is in year 9999.

The average size of properties in Lexington is 57.13 sq.ft. , the biggest one being 3633 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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