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1221 Litchfield Lane

1221 Litchfield Lane, Lexington, KY 40513
Sold Apr 16, 2012
$390,000
$312,000 by Jpmorgan Chase Bank Na
Mortgage
1221 Litchfield Lane has been categorized by the local assessors in Lexington, KY as a residential type of property. The building on the property was first built in 2002 and is 22 years old. The home has a total of 9 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1221 Litchfield Lane has 2,932 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 1,644 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 8,943 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 576 sqft. According to our sources, there are a total of 2 available parking spaces. Love to swim? You'll be excited to find out that there is a pool on the property. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1221 Litchfield Lane was last sold in Jan 1, 1970 for $390,000. According to our calculations, that's $133.02 per sqft. Current property owners are expected to pay $5,231 in taxes per year. The property on 1221 Litchfield Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $423,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 19
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 1,644
  • Garage Type: Attached
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 8,943
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,932
  • Building Area: 2,932
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,932
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BEAUMONT FARM
  • Land Acres: 0.205
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: L-022 BEAUMONT FARM UNIT 8-E LOT 72; BOOK: 3066 PAGE: 643

Ownership

  • Current Owner : GAO QIAN
  • Current Owner 2: GAO JIANJUN
  • Previous Owner : HAC PROP LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fayette County School District
  • Census Tract: 004208

Zoning

  • Zoning: R-1C

Geography

  • Assessors Map Reference: MB:30
  • Parcel: 38025090
  • Lot: 72
  • Latitude: 38.0243
  • Longitude: -84.5662

    Address

  • Full Address: 1221 Litchfield Ln
  • Legal Unit: 8-E
  • Address - House Number: 1221
  • Address - Street Name: Litchfield
  • Address - Suffix Type: Ln
  • State: KY
  • City Name: Lexington
  • Carrier Code: C057
  • 4-Digit Zip Code: 1807
  • Zip Code: 40513

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,231
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.2083
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 71
  • Final Value: 608,049
  • High Value: 734,725
  • Low Value: 481,374

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $312,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Apr 16, 2012
  • First Open Lien Mortgage Loan Amount: $312,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $423,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $423,000

    Sales

  • Current Sale Recording Date: Apr 16, 2012
  • Current Sale Transaction ID: 1181076213
  • Current Sale Price: $390,000
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Apr 16, 2012
  • First Mortgage Loan Amount: $312,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Beaumont Residential



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Frequently Asked Questions

What neighborhood is 1221 Litchfield Lane located in?
The 1221 Litchfield Lane is a located in the neighborhood of Beaumont Residential in Beaumont Residential, Lexington.
What is the average sales price for listings in 1221 Litchfield Lane?
The average sales price for units in 1221 Litchfield Lane is $0 currently.

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