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520 Lake Valley Drive

520 Lake Valley Drive, Lexington, KY 40509
Property in Andover Hills
Sold Jun 01, 2017
$355,000
$284,000 by Bank Of Lex Inc
Mortgage
Sold Dec 17, 2012
$278,250
$257,250 by Stockton Mtg Corp
Mortgage
520 Lake Valley Drive in Lexington, KY was first built in 1999 and is 25 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 520 Lake Valley Drive has 2,556 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,252 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 7,392 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. For those who need parking, there is a attached garage. The garage is 460 sqft. There are a total of 2 available parking spaces. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jan 1, 1970 for $355,000. That's $138.89 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $278,250. 520 Lake Valley Drive was last assessed in 2023. The total value of the property was assessed at $428,600. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $5,300. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 16
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 1,252
  • Garage Type: Attached
  • Garage Square Area: 460
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,392
  • Lot Size Frontage Feet: 690
  • Total Building Area: 2,556
  • Building Area: 2,556
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,556
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LOCHMERE
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: K-677 LOCHMERE UNIT 11-B SECT 1 LOT 59; BOOK: 3496 PAGE: 557

Ownership

  • Current Owner : GOUGH KEVIN
  • Current Owner 2: GOUGH LAURA
  • Previous Owner : DARNELL JOHN H
  • Previous Owner 2: DARNELL MEGAN
  • Owner Before Previous Owner: FARRELL ALICE F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fayette County School District
  • Census Tract: 003913

Zoning

  • Zoning: R-1D

Geography

  • Assessors Map Reference: MB:51
  • Section: 1
  • Parcel: 19999020
  • Lot: 59
  • Latitude: 37.9934
  • Longitude: -84.4184

    Address

  • Full Address: 520 Lake Valley Dr
  • Legal Unit: 11-B
  • Address - House Number: 520
  • Address - Street Name: Lake Valley
  • Address - Suffix Type: Dr
  • State: KY
  • City Name: Lexington
  • Carrier Code: C029
  • 4-Digit Zip Code: 2936
  • Zip Code: 40509

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,300
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.1891
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 75
  • Final Value: 515,867
  • High Value: 613,421
  • Low Value: 418,313

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $284,000
  • First Open Lien Mortgage Lender: BANK OF LEX INC
  • First Open Lien Mortgage Recording Date: Jun 01, 2017
  • First Open Lien Mortgage Loan Amount: $284,000
  • 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: $428,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $428,600

    Sales

  • Current Sale Recording Date: Jun 01, 2017
  • Current Sale Transaction ID: 1812280682
  • Current Sale Price: $355,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Dec 17, 2012
  • Previous Sale Amount: $278,250
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF LEX INC
  • First Mortgage Transaction Date: Jun 01, 2017
  • First Mortgage Loan Amount: $284,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: STOCKTON MTG CORP
  • Previous Mortgage Transaction Date: Dec 17, 2012
  • Previous Mortgage Loan Amount: $257,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Andover Hills



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Frequently Asked Questions

What neighborhood is 520 Lake Valley Drive located in?
The 520 Lake Valley Drive is a located in the neighborhood of Andover Hills in Andover Hills, Lexington.
What is the average sales price for listings in 520 Lake Valley Drive?
The average sales price for units in 520 Lake Valley Drive is $0 currently.

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