Stunning, newly built home in the highly desirable Kenwick neighborhood! Very functional 2800+ square foot open floor plan that will appeal to everyone. Engineered hardwood flooring throughout, white oak staircase, a gorgeous, spacious kitchen with beautiful quartz counters, gas range, high end appliances and oven hood. Home has both 1st and 2nd level primary bedrooms with en suite bathrooms and tiled showers, laundry/utility rooms on both levels, side entry mudroom, 4 full bathrooms, large walk in closets, 2nd level loft - and don't miss the hidden storage closets with Murphy door bookshelves! The fully enclosed 4 seasons room with electric fireplace can be opened up to the family room to create a great space to entertain. Home is conveniently located 2 miles from downtown, short drive to UK's campus and walking distance to coffee shops, breweries, restaurants and Kenwick Park. Plenty of driveway parking behind the house. Do not miss this one!
Property Details
Property Features
Property Information:
Architectural Style: Craftsman
Year Built: 2024
Stories: 1
Listing Office:
Office Name: United Real Estate Bluegrass
Office Phone: (859) 800-7355
Interior Features
Interior Information:
Appliances: Dishwasher, Gas Range, Microwave, Oven, Refrigerator
Flooring Type: Hardwood, Tile
Interior: Eat-in Kitchen, In-Law Floorplan, Primary First Floor, Walk-In Closet(s)
Fireplace: Electric, Recreation Room
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 4
Exterior Features
Exterior Information:
Exterior: Other, Patio
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Heat Pump
Cooling: Electric
School Info
Assigned Schools Information:
Henry Clay High School, Public Magnet Grades 9-12
Morton Middle School, Public District Grades 6-8
Ashland Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: Richmond Rd towards downtown, right on Preston Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $749,000
Tax Information:
Annual Amount: $1,137
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Lexington, KY.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,806
Per Month
Principal & Interest
$3,739
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,312
Powered By
Advertisement
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.
Elementary School
7
/10
Ashland Elementary School
195 N Ashland Ave
Distance between this listing and this school0.50 miles
Public District Grades KG-5
Middle School
6
/10
Morton Middle School
1225 Tates Creek Rd
Distance between this listing and this school1.22 miles
Public District Grades 6-8
High School
5
/10
Henry Clay High School
2100 Fontaine Rd
Distance between this listing and this school1.35 miles
Public Magnet Grades 9-12
Assigned Schools
7
/10
Ashland Elementary School
195 N Ashland Ave
Distance between this listing and this school0.50 miles
Public District Grades KG-5
Nearby Schools
1
/10
William Wells Brown Elementary School
555 E Fifth St
Distance between this listing and this school0.88 miles
Public District Grades PK-5
6
/10
Madeline M Breckinridge Elementary School
2101 Saint Mathilda Dr
Distance between this listing and this school0.99 miles
Public District Grades KG-5
Assigned Schools
6
/10
Morton Middle School
1225 Tates Creek Rd
Distance between this listing and this school1.22 miles
Public District Grades 6-8
Nearby Schools
2
/10
Lexington Trad Magnet School
350 N Limestone
Distance between this listing and this school1.44 miles
Public Magnet Grades 6-8
3
/10
Bryan Station Middle School
1865 Wickland Dr
Distance between this listing and this school2.42 miles
Public District Grades 6-8
Assigned Schools
5
/10
Henry Clay High School
2100 Fontaine Rd
Distance between this listing and this school1.35 miles
Public Magnet Grades 9-12
Nearby Schools
1
/10
Martin L King Academy For Excellence Alternative
2200 Liberty Rd
Distance between this listing and this school1.40 miles
Public District Grades 6-12
9
/10
Steam Academy
1126 Russell Cave Rd
Distance between this listing and this school2.26 miles
The neighbors living near this home have an average income of $64,757. The majority of Lexington, KY residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 305 Preston Ave
What is the listing price of this property?
The listing price of 305 Preston Ave property is $749,000.
What type of property is this?
The property 305 Preston Ave is a house located in Lexington, Kentucky, 40502.
Is this property for sale now?
Accepting Backup Offers: 305 Preston Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 305 Preston Ave are: Ashland Elementary School: GreatSchools Rating 7/10Morton Middle School: GreatSchools Rating 6/10Henry Clay High School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,137 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 22, 2014 for $65,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 305 Preston Ave has 4 bedrooms and 4 bathrooms.
Which year was this property built?
The year of construction for 305 Preston Ave is 2024.
This home is located at 305 Preston Ave in Lexington, KY and zip code 40502 in the Kenwick neighborhood. This home, which was built in 2024, sits on a 0.17 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $749,000.
In May 2024 more than 119 listings in Lexington, KY were sold above the asking price. During the same period more than 83 listings were sold at asking price, while more than 137 were sold below. Between April 2024 and May 2024, Lexington, KY real estate market has seen increase in the number of listings by 5.8%. The median list price of listings available in May 2024 was $314,842, while the average time on the real estate market was 24 days.
From Rocket Homes Real Estate and based on county public records data.