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231 McDowell Road

231 McDowell Road, Lexington, KY 40502
Property in Ashland
Sold Aug 08, 2008
$408,000
$190,000 by First Federal Bank
Mortgage Due Aug 01, 2038
Local assessors in Lexington, KY have categorized 231 McDowell Road as a residential type of property. The home was built in 1924 and is 100 years old. The property's lot size has been calculated to be 10,450 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 231 McDowell Road has a total of 2,414 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 868 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 360 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 231 McDowell Road was last sold in Aug 4, 2008 for $408,000. According to our calculations, that's $169.01 per sqft. Current property owners are expected to pay $5,045 in taxes per year. The property on 231 McDowell Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $408,000. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1924
  • Effective Year Built: 1924
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 868
  • Garage Type: Detached
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 10,450
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,414
  • Building Area: 2,414
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,414
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ASHLAND PARK ADDITION
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 37 38; BOOK: 2824 PAGE: 448

Ownership

  • Current Owner : LEARY SEAN E O
  • Current Owner 2: LEARY HANNAH S O
  • Previous Owner : CHESNUT DONALD R
  • Previous Owner 2: CHESNUT ANNE A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fayette County School District
  • Census Tract: 000600

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: MB:33
  • Parcel: 14771550
  • Block: H
  • Lot: 37-38
  • Latitude: 38.0295
  • Longitude: -84.4836

    Address

  • Full Address: 231 Mcdowell Rd
  • Address - House Number: 231
  • Address - Street Name: Mcdowell
  • Address - Suffix Type: Rd
  • State: KY
  • City Name: Lexington
  • Carrier Code: C004
  • 4-Digit Zip Code: 1821
  • Zip Code: 40502

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,045
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.2083
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 71
  • Final Value: 620,892
  • High Value: 750,243
  • Low Value: 491,541

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $290,000
  • First Open Lien Mortgage Lender: FIRST FEDERAL BANK
  • First Open Lien Mortgage Recording Date: Aug 08, 2008
  • First Open Lien Mortgage Loan Amount: $190,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2038
  • Second Open Lien Mortgage Lender: UNIVERSITY OF KY FED CR UN
  • Second Open Lien Mortgage Recording Date: Mar 04, 2021
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)

    Market Valuation

  • Market Total Value: $408,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $408,000

    Sales

  • Current Sale Contract Date: Aug 04, 2008
  • Current Sale Recording Date: Aug 08, 2008
  • Current Sale Transaction ID: 1081235394
  • Current Sale Price: $408,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 200808080178

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FEDERAL BANK
  • First Mortgage Transaction Date: Aug 08, 2008
  • First Mortgage Loan Amount: $190,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2038

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Frequently Asked Questions

What neighborhood is 231 McDowell Road located in?
The 231 McDowell Road is a located in the neighborhood of Ashland in Ashland, Lexington.
What is the average sales price for listings in 231 McDowell Road?
The average sales price for units in 231 McDowell Road is $0 currently.

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