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305 Preston Ave, Lexington, KY, 40502

$749,000

Home List Price

$8,894*

Closing Credit

4 Bedrooms
4 Full Baths
House
Schools Nearby

Location

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305 Preston Ave, Lexington$749,000

Buyer Closing Credits

$8,894*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year BuiltNew Const., 2024
HeatingHeat Pump
CoolingElectric
FireplaceElectric, Recreation Room
MLS #24009878
Lot Size0.17 Acres
StatusAccepting Backup Offers
(Contingent)

About 305 Preston Ave

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
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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

$314.8K

Med. Price/SqFt

$151

Avg. Days On Market

24

# of Sold Homes

339

305 Preston Ave vs Lexington

15 DAYS ON ROCKET

-9 Days

$749,000

+$434.1K More

KEY TAKEAWAY

This property is $434.1K more than the Median Sold Price in Lexington, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24009878

Listing Office:

  • Office Name: United Real Estate Bluegrass
  • Office Phone: (859) 800-7355

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: 6/1/2024, 10:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 22, 2014Home Sold
$65,000
Nov 16, 2010Home Sold
$65,000
Oct 23, 2009Home Sold
$45,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,137$89,000
2019$1,137$89,000
2018$1,137$89,000

History based on county public records data.

Payment Calculator

$3,806

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,312

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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

school-card-donut-6764475
7
/10

  • Ashland Elementary School

  • 195 N Ashland Ave

  • 0.50 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6764476
6
/10

  • Morton Middle School

  • 1225 Tates Creek Rd

  • 1.22 miles

  • Public District Grades 6-8

High School

school-card-donut-6764477
5
/10

  • Henry Clay High School

  • 2100 Fontaine Rd

  • 1.35 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,757. The most common annual income of people living in Lexington, KY is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area 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 7/10
Morton Middle School: GreatSchools Rating 6/10
Henry 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.

Rocket Homes›Kentucky›Fayette County›Lexington›40502›305 Preston Ave

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.

While more than 119 listings in Lexington, KY in May 2024 were sold above asking price, there were more than 83 listings sold at asking price, and 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%. Listings spent 24 days on the market in May 2024, and had a median list price of $314,842 during the same period.

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

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