Address
481 Severn Way, Lexington, KY
Price
$ 335,000
Property Attributes
- MLS#26021990
- TypeSingle Family
- Listing Status Active
- CountyFAYETTE
- CityLexington
- Area004 - Fayette County SW
- NeighborhoodOpen Gates
- Zip40503
- StyleSplit Level
- Year Built1974
- Price$ 335,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2190
- Lot Size0.21 Acres
Data Source:
ImagineMLS
Property Description
For the first time since it was built in 1974, this one-owner Open Gates home is ready for its next chapter! Located in one of Lexington's most convenient established neighborhoods, you'll have quick access to Nicholasville Road, Harrodsburg Road, downtown Lexington and the University of Kentucky. The split-foyer design provides comfortable living space across both levels. Upstairs, the living room flows into the dining area, where glass doors extend the space onto the rear deck overlooking the fenced backyard. Three bedrooms and a full bath complete the main level, while downstairs offers a second gathering space anchored by a brick fireplace with gas logs. A fourth bedroom and full bath add flexibility for guests, a home office or additional living space, with the utility room and oversized one-car garage rounding out the lower level. This is a home with the space, layout and location to become something special. Bring your ideas, choose the finishes and make the updates that fit your style rather than paying for someone else's choices. With a fenced backyard, four-bedroom, two-bath layout and a sought-after Open Gates location, the foundation is here. Now it's ready for someone with a vision to make it their own.
| Elementary School | Middle School | High School |
|---|---|---|
| Clays Mill Elementary School | Jessie Clark Middle School | Lafayette High School |
| Price History | |
|---|---|
| 8/14/2026 | Listed $335,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Electric,Heat Pump |
| Cooling | Electric,Heat Pump |
| Utilities | Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| Possession | Close Plus 2 Days |
| Roof | Shingle |
| Appliances | Dishwasher,Microwave,Range,Refrigerator |
| Garage Spaces | 1.0 |
| Patio/Porch Features | Deck,Porch,Front Porch |
| Architectural Style | Split Level |
| Construction Materials | Brick Veneer |
| Year Built | 1974 |
| Levels | Multi/Split |
| Property Subtype | Single Family Residence |
| Parcel Number | 10547400 |
| County | Fayette |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Open Gates |
| Garage Y/N | Yes |
| Total Rooms | 12 |
| Full Baths | 2 |
| Status | Active |
| Directions | From Pasadena Dr,turn onto Stone Rd. Take first right onto Westerfield Way. Take first right onto Severn Way. Home is on the right. |
| High School | Lafayette |
| City | Lexington |
| High School District | Fayette County - 1 |
| MLS Area | 004 - Fayette County SW |
| Lot Size Units | Acres |
| Lot Size Square Feet | 9200.0 |
| Carport Y/N | No |
| Elementary School | Clays Mill |
| Land Lease Y/N | No |
| Home Warranty Y/N | No |
| Middle/Junior High School | Jessie Clark |
| MLS Area Minor | 004 - Fayette County SW |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Structure Type | House |
| Standard Status | Active |
| MobileHomeRemainsYN | No |
| Senior Community | None |
| Sewer_co_Public_sp_Sewer | True |
Interior Features
| Interior Amenities | Ceiling Fan(s),Eat-in Kitchen,Entrance Foyer |
|---|---|
| Basement | Full,Partially Finished |
| Flooring | Hardwood,Vinyl,Other |
| Total Fireplaces | 1 |
| Fireplace Features | Basement,Family Room,Gas Log,Masonry |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Blinds |
| Fireplace Y/N | Yes |
| Above Grade Finished Area | 1332.0 |
| Laundry Features | Electric Dryer Hookup,Washer Hookup |
| Total Bedrooms | 4 |
| Below Grade Finished Area | 858.0 |
| LivingAreaSource | Public Records |
| Total Baths | 2 |
| Heating-Heat Pump | True |
Exterior Features
| Fencing | Chain Link,Wood |
|---|---|
| Parking Features | Attached Garage,Basement,Driveway,Garage Faces Front |
| Lot Features | Few Trees |
| Water Source | Public |
| Lot Size Area | 0.21 |
| Foundation Details | Block |
| Building Area Total | 2190.0 |
| Lot Size Acres | 0.21 |
| Lot Size Source | Public Records |
| Waterfront Y/N | No |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 40503
Price
Year Built
Visits
Data last updated: September 15, 2026 11:23 AM UTC and updating occurs daily