About This Home

This 4-bedroom, 2-bathroom single family at 481 Severn Way in Lexington, KY is listed for $335,000 ($153 per sqft). Built in 1974, the home offers 2,190 sqft of living space on a 0.21 acres lot.

Key Features

  • Built in 1974
  • 0.21 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
2 full
1-car garage
1974

Amenities

FireplaceHardwoodA/C
Listing 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.

Monthly Cost Estimate

$1,792/mo

20% down · 6.5% · 30 years

Principal$242
Interest$1,452
Insurance$98

Estimates only. Actual payments may vary.

Location

481 Severn Way

Lexington, KY 40503

Open Gates

Features & Amenities

Interior Features

Entrance FoyerEat-in KitchenCeiling Fan(s)

Property Details

Flooring

HardwoodVinyl

Construction

Brick Veneer

Parking

Underground/BasementGarageGarage - AttachedDriveway

Heating

Electric (Heating)Heat Pump (Heating)

Cooling

ElectricHeat Pump

Appliances

DishwasherMicrowaveRefrigeratorRangeDishwasherMicrowaveRefrigeratorRange

Questions & Answers

This 4-bedroom, 2-bathroom single family at 481 Severn Way is listed at $335,000 ($153/sqft). The estimated monthly payment is $1,792 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1974, 0.21 acre lot, 2 stories, Fireplace. Interior Features: Entrance Foyer, Eat-in Kitchen, Ceiling Fan(s).

This property is listed by Nicholas Ratliff.

NR

Nicholas Ratliff

Agent at Real Broker LLC

Listed by Real Broker LLC · Broker phone: 855-450-0442 · View on Broker Site

MLS# 26021990· Source: ImagineMLS· 88 days on PropertySimple

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

481 Severn Way, Lexington, KY 40503

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