$335,000
481 Severn Way, Lexington, KY 40503
- 4
- beds
- 2
- baths
- 2,190
- sqft
- Single Family Residence
- Property type
- 1974
- Year built
- 0.21 acres
- Lot size
- $153
- Price / sq ft
- $0/mo
- HOA
Listing Description
- Entrance Foyer
- Eat-in Kitchen
- Ceiling Fan(s)
For the first time since it was built in 1974, this one-owner Open Gates home is ready for its next chapter! Located in one of Lexington's most convenient established neighborhoods, you'll have quick access to Nicholasville Road, Harrodsburg Road, downtown Lexington and the University of Kentucky. The split-foyer design provides comfortable living space across both levels. Upstairs, the living room flows into the dining area, where glass doors extend the space onto the rear deck overlooking the fenced backyard. Three bedrooms and a full bath complete the main level, while downstairs offers a second gathering space anchored by a brick fireplace with gas logs. A fourth bedroom and full bath add flexibility for guests, a home office or additional living space, with the utility room and oversized one-car garage rounding out the lower level. This is a home with the space, layout and location to become something special. Bring your ideas, choose the finishes and make the updates that fit your style rather than paying for someone else's choices. With a fenced backyard, four-bedroom, two-bath layout and a sought-after Open Gates location, the foundation is here. Now it's ready for someone with a vision to make it their own.
Listed by Real Broker, LLC - Lexington · Nick@NRRT.com
MLS #26021990 · Listing provided by![]()
Shelby & Drake JohnsonFive Pillars Team · eXp Realty
Home Details
- Property type
- Single Family Residence
- Year built
- Built in 1974
- Lot size
- 0.21-acre lot
- Garage spaces
- 1-car garage
- Price / sq ft
- $153 / sq ft
- HOA
- $0/mo HOA
Interior
- 4 bedrooms
- 2 bathrooms
- Multi/Split
- Fireplaces: 1
- Hardwood, Other, Vinyl
Property
- Single Family Residence
- 2,190 sq ft
- 0.21-acre lot
- 1-car garage
- Few Trees
Construction
- Built in 1974
- Shingle
- Heating: Electric, Heat Pump
- Cooling: Electric, Heat Pump
Show all home details
Interior
- Interior features
- Entrance Foyer, Eat-in Kitchen, Ceiling Fan(s)
- Appliances
- Dishwasher, Microwave, Refrigerator, Range
- Flooring
- Hardwood, Other, Vinyl
- Basement
- Full, Partially Finished
- Levels
- Multi/Split
Exterior & parking
- Roof
- Shingle
- Lot features
- Few Trees
- Parking features
- Attached Garage, Basement, Driveway, Garage Faces Front
- Architectural style
- Split Level, Raised Ranch
Utilities & comfort
- Heating
- Electric, Heat Pump
- Cooling
- Electric, Heat Pump
Services Availability
- Internet
- Not reported
- Utilities
- Not reported
- Parking
- Attached Garage, Basement, Driveway, Garage Faces Front
Property & Price History
| Date | Event | Price |
|---|---|---|
| Aug 14, 2026 | Listed for sale | $335,000 |
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Property Documents
See what the sellers have done to the property and what known issues they disclose.
Estimate Your Monthly PaymentMonthly payment
Estimated monthlyEst. payment
$2,135/mo
30-year fixed · 6.75% assumed rate
- Principal & interest
- $1,738
- Taxes
- $299
- Other costs
- $98
- $335,000
- Home price
- 20% · $67,000
- Down payment
- 6.75%
- Interest rate
- 30 years
- Loan term
Payment Breakdown
- Principal & interest
- $1,738
- Estimated property taxes
- $299
- Home insurance
- $98
- HOA
- $0
- Utilities
- Not included
Estimate only. Utilities not included.Illustrative estimate, not a loan offer. Taxes (1.07%/year) and insurance (0.35%/year) use assumptions; actual costs and available rates vary.
Adjust Payment Details
Payment Breakdown
- Principal & interest
- $1,738
- Estimated property taxes
- $299
- Home insurance
- $98
- HOA
- $0
- Utilities
- Not included
Illustrative estimate, not a loan offer. Taxes (1.07%/year) and insurance (0.35%/year) use assumptions; actual costs and available rates vary.
Travel Times and Accessibility
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- Walk Score
- —
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- Bike Score
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Map and estimated drive times: Mapbox. Each route starts at this home. Times vary with conditions. Walk Score and Bike Score are unavailable.
Assigned Schools
Clays Mill
Elementary School
Performance data is not available.
Source: MLS-reported school assignment; confirm with the district.
Jessie Clark
Middle School
Performance data is not available.
Source: MLS-reported school assignment; confirm with the district.
Lafayette
High School
Performance data is not available.
Source: MLS-reported school assignment; confirm with the district.
School boundaries can change. Confirm your assigned schools with the district.
Performance data is not available.
Source: MLS-reported school assignment; confirm with the district.
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Shelby & Drake JohnsonFive Pillars Team · eXp Realty