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(SOLD) $220,000

556 Fairfield Drive Lexington, KY  40503

  • 3 Beds
  • 2 Baths

Property Description for 556 Fairfield Drive Lexington, KY 40503

Online only absolute auction begins on Sunday, October 27, 2024 at 10:00am EST and soft close ends on Sunday, November 3, 2024 at 7:00pm EST Discover the potential of this all-brick ranch home in Southland/ Hill-n-Dale area! This home features 3 bedrooms and two full bathrooms, this property is a fantastic canvas awaiting your personal touch. The full unfinished, walk-up basement provides ample space for storage or future living areas. There is also a 2 car detached garage. While the home needs some work, it offers incredible opportunity to create your dream space in a sought-after location. Don't miss the chance to make this house your own! 10% buyers premium added to the final bid price to determine the total contract purchase price. 10% nonrefundable deposit due on or before Monday, November 4, 2024 before 5:00 PM. Closing on or before December 18, 2024.

Address:556 Fairfield Drive Lexington KY 40503
Status:Sold
Sold On: 10/25/2024
Price:$225,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Year Built:1955
Lot Size:0.34
County: Fayette
School System : Fayette County - 1
MLS #:24021330
Property Type:Single Family Residence

Lot Dimensions:14789
Water Source:Public
Directions:Nicholasville Road to Regency Road, left on Pasadena Drive, Right onto Clays Mill and right onto Fairfield.
Abv. Grnd. Sq. Ft. :1,562
Garage:

Loan Price
$1,240
Price And Interest $1,148/month
Property Tax $0/month
MTG INS $0/month
HOME INS $92/month
Price
$220,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$1,104 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

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

Mandatory HOA Fee:$

Area: 004 - Fayette County SW
City:Lexington
Subdivision: Southland
Zip Code:40503

School System:Fayette County - 1
High School:Lafayette
Middle School:Jessie Clark
Elementary School:Clays Mill

Interior Features:Primary First Floor, Bedroom First Floor
Exterior Type:Brick Veneer
Heat:Electric
Total Rooms:3
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Jonathan Noel with Noel Auctioneers and Real Estate Advisors

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

82
Avg. DOM
$239.18
Avg. $ / Sq.Ft.
$ 399,999
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 1333 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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