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625 Severn Way

625 Severn Way, Lexington, KY 40503
Property in Open Gates
Sold Oct 02, 2017
$175,000
$157,500 by Central Bk & Tr Co
Mortgage
Sold Aug 11, 2017
$90,000
$110,000 by Town & Country Bk & Tr Co
Mortgage
Local assessors in Lexington, KY have categorized 625 Severn Way as a residential type of property. The home was built in 1968 and is 56 years old. The property's lot size has been calculated to be 8,682 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 625 Severn Way has a total of 1,248 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 finished improved basement that is 1,248 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 attached garage for those who need a place to park their vehicle. The garage on the property is 312 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 electricity. The property was last sold in Jan 1, 1970 for $175,000. That's $140.22 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $90,000. 625 Severn Way was last assessed in 2023. The total value of the property was assessed at $208,400. 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 $2,577. 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: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,248
  • Garage Type: Attached
  • Garage Square Area: 312
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 8,682
  • Lot Size Frontage Feet: 812
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,248
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OPEN GATE ESTATES
  • Land Acres: 0.199
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: B-139 OPEN GATE ESTATES UNIT 2-B LOT 9; BOOK: 3528 PAGE: 708

Ownership

  • Current Owner : LANE MORGAN TAYLOR
  • Current Owner 2: LANE MARY MACKENZIE
  • Previous Owner : MAULDIN JOHN L
  • Previous Owner 2: MAULDIN VIRGINIA S
  • Owner Before Previous Owner: MAULDIN JAN R
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Dec 29, 2023

Neighborhood

  • School District Name: Fayette County School District
  • Census Tract: 002800

Zoning

  • Zoning: R-1C

Geography

  • Assessors Map Reference: MB:54
  • Parcel: 17272950
  • Block: F
  • Lot: 9
  • Latitude: 38.006
  • Longitude: -84.5357

    Address

  • Full Address: 625 Severn Way
  • Legal Unit: 2-B
  • Address - House Number: 625
  • Address - Street Name: Severn
  • Address - Suffix Type: Way
  • State: KY
  • City Name: Lexington
  • Carrier Code: C023
  • 4-Digit Zip Code: 2833
  • Zip Code: 40503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,577
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.2056
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 72
  • Final Value: 279,872
  • High Value: 337,415
  • Low Value: 222,329

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $157,500
  • First Open Lien Mortgage Lender: CENTRAL BK & TR CO
  • First Open Lien Mortgage Recording Date: Oct 02, 2017
  • First Open Lien Mortgage Loan Amount: $157,500
  • 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: $208,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $208,400

    Sales

  • Current Sale Recording Date: Oct 02, 2017
  • Current Sale Transaction ID: 11356713836
  • Current Sale Price: $175,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Aug 11, 2017
  • Previous Sale Amount: $90,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CENTRAL BK & TR CO
  • First Mortgage Transaction Date: Oct 02, 2017
  • First Mortgage Loan Amount: $157,500
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: TOWN & COUNTRY BK & TR CO
  • Previous Mortgage Transaction Date: Aug 11, 2017
  • Previous Mortgage Loan Amount: $110,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Open Gates



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Frequently Asked Questions

What neighborhood is 625 Severn Way located in?
The 625 Severn Way is a located in the neighborhood of Open Gates in Open Gates, Lexington.
What is the average sales price for listings in 625 Severn Way?
The average sales price for units in 625 Severn Way is $0 currently.

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