See Home Value
$330,883*
House - Off Market

505 Lemon Drop Lane

Lexington, KY 40511
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3004 Sqft
$265,000 - $323,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Jul 20, 2020
$290,000
$245,000 by Commonwealth Cr Un
Mortgage
Sold Jul 03, 2013
$235,500
$120,000 by Guardian Sav Bk Fsb
Mortgage

About This Property

Who wouldn't want to live in one of the most beautiful homes in the neighborhood? Located on a 1/4-acre corner lot with a side-entry garage, your family will love the space in this 5 bedroom, 3 full bath home! Upstairs features a large master bedroom with vaulted ceilings & an ensuite with dual vanity, water closet, separate shower & soaking tub and a large, walk-in closet. Three additional bedrooms, a jack & jill bath + separate laundry room complete the 2nd floor. Additional features include a new roof (2019), 2-story foyer, guest bedroom on the first floor w/ a full bath, formal living room w/ french doors, formal dining room, granite countertops, new stainless appliances (2019), new carpet throughout, an extended patio & a fully-fenced, flat back yard. Hurry before it's gone! Walking distance to Sandersville Elementary. Masterson Station pool membership is an optional amenity. Convenient to I-75/64, Georgetown, Frankfort, UK & downtown Lexington. Under contract w/ a 48-hour kickout

The manager has listed the unit size as 3004 square feet.
Unit Size
3,004Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$98
Property Type
House
Property Taxes
-
HOA Dues
$4
Year Built
2003

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Jul 20, 2020 Sold to Matthew C Mason, Tara L Mason $290,000
Sold to Matthew C Mason, Tara L Mason
Jun 4, 2020 In contract -
In contract
May 31, 2020 Price Decreased $294,000
↓ $4K (1.3%)
Price Decreased
May 22, 2020 Listed $298,000
Listed

Property Highlights

Fireplace
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 15
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 11,395
  • Lot Size Frontage Feet: 757
  • Total Building Area: 2,968
  • Building Area: 2,968
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,968
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MASTERSON STATION
  • Land Acres: 0.262
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: L-099 MASTERSON STATION UNIT 4-E LOT 167; BOOK: 3766 PAGE: 153

Ownership

  • Current Owner : MASON TARA L
  • Current Owner 2: MASON MATTHEW C
  • Previous Owner : MULCAHY MICHAEL
  • Previous Owner 2: MULCAHY ROSALBA
  • Owner Before Previous Owner: HUNTER MICHAEL P
  • Owner Before Previous Owner 2: HUNTER CARLA J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fayette County School District
  • Census Tract: 003703

Zoning

  • Zoning: R-1D

Geography

  • Assessors Map Reference: MB:3
  • Parcel: 38033980
  • Lot: 167
  • Latitude: 38.099
  • Longitude: -84.5414

    Address

  • Full Address: 505 Lemon Drop Ln
  • Legal Unit: 4-E
  • Address - House Number: 505
  • Address - Street Name: Lemon Drop
  • Address - Suffix Type: Ln
  • State: KY
  • City Name: Lexington
  • Carrier Code: R099
  • 4-Digit Zip Code: 8837
  • Zip Code: 40511

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,586
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.1912
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 74
  • Final Value: 404,515
  • High Value: 481,861
  • Low Value: 327,170

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $255,000
  • First Open Lien Mortgage Lender: COMMONWEALTH CR UN
  • First Open Lien Mortgage Recording Date: Jul 20, 2020
  • First Open Lien Mortgage Loan Amount: $245,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Second Open Lien Mortgage Lender: COMMONWEALTH CR UN
  • Second Open Lien Mortgage Recording Date: Feb 02, 2021
  • Second Open Lien Mortgage Loan Amount: $10,000
  • 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: $290,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $290,000

    Sales

  • Current Sale Recording Date: Jul 20, 2020
  • Current Sale Transaction ID: 11775286294
  • Current Sale Price: $290,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jul 03, 2013
  • Previous Sale Amount: $235,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMONWEALTH CR UN
  • First Mortgage Transaction Date: Jul 20, 2020
  • First Mortgage Loan Amount: $245,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)

    Previous Mortgages

  • Previous Mortgage Lender: GUARDIAN SAV BK FSB
  • Previous Mortgage Transaction Date: Jul 03, 2013
  • Previous Mortgage Loan Amount: $120,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
4 Baths
3,064 ft²
$107/ft²
$329,000 Jul 26, 2023
-
-
In Contract
House
4 Beds
2.5 Baths
2,602 ft²
$125/ft²
$325,000 Jun 25, 2023
-
$72/mo
House
3 Beds
2.5 Baths
1,865 ft²
$170/ft²
$317,000 Jul 6, 2023
-
$75/mo
House
3 Beds
2 Baths
1,527 ft²
$177/ft²
$271,000 Jul 26, 2023
-
$72/mo
House
3 Beds
2 Baths
1,450 ft²
$200/ft²
$289,900 Jul 18, 2023
-
-
House
3 Beds
2 Baths
1,376 ft²
$203/ft²
$279,900 Jul 8, 2023
-
$48/mo
House
3 Beds
2 Baths
1,226 ft²
$204/ft²
$249,900 Jul 8, 2023
-
$300/mo

About Masterson Station


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Frequently Asked Questions

When was property at 505 Lemon Drop Lane built and last sold?
The property at 505 Lemon Drop Lane was built in 2003 and last sold on Jan 1, 1970 for $290,000.
How much is this home worth?
The estimated value of the home located at 505 Lemon Drop Lane is $297,149.
What are some comparable homes to 505 Lemon Drop Lane?
There are currently no comparable homes to 505 Lemon Drop Lane.

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