Bill Barrow

481 Severn Way

Lexington, KY
$ 335,000 Beds 4 Baths 2 Sq 2,190
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 335,000
  • City
  • Lexington
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • FAYETTE
  • Half Bathrooms
  • 0
  • Area
  • 004 - Fayette County SW
  • Lot Size
  • 0.21 Acres
  • Zip
  • 40503
  • Sqr Footage
  • 2,190
  • Year Built
  • 1974
  • Style
  • Split Level
  • MLS#
  • 26021990
Listed By: Real Broker, LLC - Lexington - 855-554-2075
Data Source: ImagineMLS

Features

General

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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Lexington, KY office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Clays Mill Elementary School
Middle School Jessie Clark Middle School
High School Lafayette High School

Price History

8/14/2026 Listed $335,000

Property vs Zip Code Average in 40503

Price
AVG $450K
$340K
Year Built
AVG 1966
1974

In The Neighborhood

Areas That We Cover

481 Severn Way Lexington, KY is a Single Family Home for sale at $335000 with 2190 sqft and a lot size of 0.21 Acres Acre(s). 481 Severn Way Lexington has 4 bedrooms, 2 baths and was built in 1974. The property's zip code is 40503 which is in Lexington, KY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Bill Barrow

Bill Barrow

859-459-0925

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