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431 W Third St, Lexington, KY, 40508

$1,995,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
3 Full Baths, 1 Partial
House
Schools Nearby

Location

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431 W Third St, Lexington$1,995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Off Street
Year Built1880
HeatingSteam, Forced Air, Natural Gas
CoolingElectric, Zoned
BasementYes
FireplaceDining Room, Gas Log, Gas Starter, Great Room, Kitchen, Living Room, Primary Bedroom
MLS #24003973
Lot Size0.50 Acres
StatusActive

About 431 W Third St

A grand estate cast in brick and stone, 431 W. Third remains an enduring icon on one of Lexington's early prominent avenues. Built at the turn of the last century by businessman Richard T. Anderson, the home is Richardsonian Romanesque in style, reflecting the migration of Gilded Age sensibilities Westward.The Cassidy's purchased the house from Mildred Anderson Dunning, the great grandniece of Mr. Anderson, in 1986 becoming the second family to own the property. The Cassidy's embarked on a 2 year renovation that blends period details with modern materials and updates to maintain the historic character. The house went through several phases of renovation throughout the years with the final renovation finishing the third floor. The home has a spectacular first floor for everyday living or entertaining and includes a chef's kitchen. Other details include 7 bedrooms, 3.5 baths, home office, Butler's pantry and a 2 car-detached garage with space for an apartment above.

Property Details

Property Features

Property Information:

  • Year Built: 1880
  • Stories: 3

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Gas Range, Microwave, Oven, Refrigerator, Trash Compactor, Washer
  • Basement: Yes
  • Flooring Type: Hardwood, Tile
  • Interior: Dining Area, Entrance Foyer, Walk-In Closet(s), Wet Bar
  • Fireplace: Dining Room, Gas Log, Gas Starter, Great Room, Kitchen, Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: Patio, Porch

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Off Street

Lot Features

Lot Information:

  • Lot: Wooded
  • Lot Size: 0.50 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Lafayette High School, Public Magnet Grades 9-12
  • Lexington Trad Magnet School, Public Magnet Grades 6-8
  • Harrison Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Broadway outbound, Left on W Third St and the house will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,995,000

Tax Information:

  • Annual Amount: $9,672
  • 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

431 W Third St vs Lexington

53 DAYS ON ROCKET

+29 Days

$1,995,000

+$1.6M More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price in Lexington, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24003973

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: 4/27/2024, 12:55:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$9,672$796,500
2019$9,672$796,500
2018$9,694$796,500

History based on county public records data.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,048

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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-983504
3
/10

  • Harrison Elementary School

  • 161 Bruce St

  • 0.25 miles

  • Public District Grades PK-5

Middle School

school-card-donut-983505
3
/10

  • Lexington Trad Magnet School

  • 350 N Limestone

  • 0.38 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-983506
7
/10

  • Lafayette High School

  • 401 Reed Ln

  • 2.46 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 $197,727. The most common annual income of people living in Lexington, KY is $200k+. The majority of families are single, no kids. 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 431 W Third St

What is the listing price of this property?

The listing price of 431 W Third St property is $1,995,000.

What type of property is this?

The property 431 W Third St is a house located in Lexington, Kentucky, 40508.

Is this property for sale now?

Active Listing: 431 W Third St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 431 W Third St are:
Harrison Elementary School: GreatSchools Rating 3/10
Lexington Trad Magnet School: GreatSchools Rating 3/10
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 $9,672 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 431 W Third St has 7 bedrooms and 3 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 431 W Third St is 1880.

Rocket Homes›Kentucky›Fayette County›Lexington›40508›431 W Third St

This home is located at 431 W Third St in Lexington, KY and zip code 40508 in the District 1 neighborhood. This home, which was built in 1880, sits on a 0.50 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 04, 2024 and is currently priced at $1,995,000.

Over 73 listings were sold over their listed price in March 2024 in Lexington, KY. In the same period over 102 listings were sold below the listed price and 66 listings were sold for the listed price. The inventory of homes for sale in Lexington, KY between February 2024 and March 2024 increased by 11.4%. In March 2024, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $310,646.

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

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