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Backup Offers

220 Melbourne Way, Lexington, KY, 40503

$455,000

Home List Price

$5,403*

Closing Credit

3 Bedrooms
2 Full Baths
House
Schools Nearby

Location

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220 Melbourne Way, Lexington$455,000

Buyer Closing Credits

$5,403*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOff Street
Year Built1965
HeatingForced Air, Natural Gas
CoolingElectric
BasementYes
MLS #24002771
Lot Size0.22 Acres
StatusAccepting Backup Offers
(Contingent)

About 220 Melbourne Way

Priced below appraisal!! Come see this wonderful home in the heart of Lexington, with spacious fenced yard, thoughtful updates throughout interior, partially finished basement with plumbing rough-ins, custom closet additions, granite in the kitchen, modern remodeled guest/upstairs bath, garage/workshop with sub-panel added, lovely outdoor sitting area with paver patio and sunshades, paver walkways, beautifully refinished hardwood floors. Spacious master bath that can be remodeled to your own preferences or left as-is.

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 1965
  • Stories: 1

Listing Office:

  • Office Name: Aloha Bluegrass Realty & Auction
  • Office Phone: (859) 396-7850

Interior Features

Interior Information:

  • Appliances: Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Carpet, Hardwood, Tile
  • Interior: Bedroom First Floor, Dining Area, Eat-in Kitchen, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Deck, Patio

Parking Information:

  • Attached Garage: No
  • Parking: Off Street

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Electric

School Info

Assigned Schools Information:

  • Lafayette High School, Public Magnet Grades 9-12
  • Morton Middle School, Public District Grades 6-8
  • Glendover Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Malabu to Bellefonte Dr. to Melbourne Way

Price Information

Listing Price Info

Price Summary:

  • List Price: $455,000

Tax Information:

  • Annual Amount: $3,002
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lexington, KY.

Map thumbnail provided by MapBox

Lexington, KY

City

Med. Sold Price

$310.6K

Med. Price/SqFt

$148

Avg. Days On Market

24

# of Sold Homes

241

220 Melbourne Way vs Lexington

73 DAYS ON ROCKET

+49 Days

$455,000

+$144.3K More

KEY TAKEAWAY

This property is $144.3K more than the Median Sold Price in Lexington, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24002771

Listing Office:

  • Office Name: Aloha Bluegrass Realty & Auction
  • Office Phone: (859) 396-7850

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: 4/28/2024, 4:25:18 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

Apr 09, 2007Home Sold
$252,500

Tax History

YEARPROP. TAXASSESSMENT
2020$3,002$235,000
2019$3,002$235,000
2018$3,002$235,000

History based on county public records data.

Payment Calculator

$2,338

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,431

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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

school-card-donut-2405718
8
/10

  • Glendover Elementary School

  • 710 Glendover Rd

  • 0.70 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2405719
6
/10

  • Morton Middle School

  • 1225 Tates Creek Rd

  • 1.96 miles

  • Public District Grades 6-8

High School

school-card-donut-2405720
7
/10

  • Lafayette High School

  • 401 Reed Ln

  • 1.82 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 $43,788. The most common annual income of people living in Lexington, KY is less than $35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 220 Melbourne Way

What is the listing price of this property?

The listing price of 220 Melbourne Way property is $455,000.

What type of property is this?

The property 220 Melbourne Way is a house located in Lexington, Kentucky, 40503.

Is this property for sale now?

Accepting Backup Offers: 220 Melbourne Way 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 220 Melbourne Way are:
Glendover Elementary School: GreatSchools Rating 8/10
Morton Middle School: GreatSchools Rating 6/10
Lafayette High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,002 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 9, 2007 for $252,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 220 Melbourne Way has 3 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 220 Melbourne Way is 1965.

Rocket Homes›Kentucky›Fayette County›Lexington›40503›220 Melbourne Way

This home is located at 220 Melbourne Way in Lexington, KY and zip code 40503 in the District 4 neighborhood. This home, which was built in 1965, sits on a 0.22 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 15, 2024 and is currently priced at $455,000.

Lexington, KY housing market in March 2024 saw over 73 listings sold above listed price, more than 66 sold at listed price and over 102 sold below. The number of homes for sale in Lexington, KY increased by 11.4% between February 2024 and March 2024. While the average time on the market in March 2024 was 24 days, the median list price was $310,646.

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

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