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371 Preston Ave, Lexington, KY, 40502

$289,000

Home List Price

$3,432*

Closing Credit

3 Bedrooms
1 Full Bath
House
Schools Nearby

Location

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371 Preston Ave, Lexington$289,000

Buyer Closing Credits

$3,432*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1925
HeatingForced Air, Natural Gas
CoolingNone, Window Unit(s)
BasementYes
FireplaceLiving Room
MLS #24005768
Lot Size0.17 Acres
StatusAccepting Backup Offers
(Contingent)

About 371 Preston Ave

Price improvement! Welcome to this charming 1925 bungalow nestled in the desirable Kenwick neighborhood. This home exudes character with its original hardwood floors and covered screened porch. It is an ideal spot for enjoying your morning coffee or unwinding after a long day. The house features 2 bedrooms, 1 bathroom, an x-large walk-in closet and another room off could be use as a nursery or home office. Offering the perfect blend of functionality and charm all on the main floor.The kitchen has been upgraded with black granite countertops, vintage pendants and stainless appliances. The partially finished basement has a family room and additional finished room, providing ample space for guest or 3rd bedroom.The detached 896 square foot garage, complete with original metal windows, offers endless possibilities - whether you envision it as a workshop or ADU.Though this home has already seen extensive renovations, it still holds immense potential for further upgrades, allowing you to add your personal touch and make it truly yours. ***Seller is offering home warranty up to $500 of Buyer's choosing AND $5000 credit towards adding central air at closing. ****

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 1

Listing Office:

  • Office Name: Bluegrass Sotheby's International Realty
  • Office Phone: (859) 268-0099

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Down Draft, Gas Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Tile, Wood
  • Interior: Bedroom First Floor, Breakfast Bar, Eat-in Kitchen, Primary First Floor, Walk-In Closet(s)
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Deck, Porch, Storm Door(s)

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: None, Window Unit(s)

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 outbound to left on Preston Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $289,000

Tax Information:

  • Annual Amount: $1,532
  • 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

$310.6K

Med. Price/SqFt

$148

Avg. Days On Market

24

# of Sold Homes

241

371 Preston Ave vs Lexington

30 DAYS ON ROCKET

+6 Days

$289,000

-$21.6K Less

KEY TAKEAWAY

This property is $21.6K less than the Median Sold Price in Lexington, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24005768

Listing Office:

  • Office Name: Bluegrass Sotheby's International Realty
  • Office Phone: (859) 268-0099

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: 4/29/2024, 2:25:20 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

Dec 09, 2019Home Sold
$119,900
Dec 09, 2019Home Sold
$119,900

Tax History

YEARPROP. TAXASSESSMENT
2020$1,532$119,900
2019$1,532$119,900
2018$903$70,700

History based on county public records data.

Payment Calculator

$1,510

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$933

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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-3165274
5
/10

  • Ashland Elementary School

  • 195 N Ashland Ave

  • 0.58 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3165275
6
/10

  • Morton Middle School

  • 1225 Tates Creek Rd

  • 1.38 miles

  • Public District Grades 6-8

High School

school-card-donut-3165276
5
/10

  • Henry Clay High School

  • 2100 Fontaine Rd

  • 1.47 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. Typical income of Lexington, KY residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 371 Preston Ave

What is the listing price of this property?

The listing price of 371 Preston Ave property is $289,000.

What type of property is this?

The property 371 Preston Ave is a house located in Lexington, Kentucky, 40502.

Is this property for sale now?

Accepting Backup Offers: 371 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 371 Preston Ave are:
Ashland Elementary School: GreatSchools Rating 5/10
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 $1,532 (source: MLS/based on county public records data).

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

The last sale was on December 9, 2019 for $119,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 371 Preston Ave has 3 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 371 Preston Ave is 1925.

Rocket Homes›Kentucky›Fayette County›Lexington›40502›371 Preston Ave

This home is located at 371 Preston Ave in Lexington, KY and zip code 40502 in the Kenwick neighborhood. This home, which was built in 1925, sits on a 0.17 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 30, 2024 and is currently priced at $289,000.

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 inventory of homes for sale in Lexington, KY between February 2024 and March 2024 increased by 11.4%. The median list price of listings available in March 2024 was $310,646, while the average time on the real estate market was 24 days.

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

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