# 481 Severn Way, Lexington, KY 40503 > **TL;DR:** 4bd/2ba single family, $335,000 ($153/sqft), built 1974, 2,190 sqft. > Fireplace, Hardwood, A/C, 1-car garage. Est. $1,792/mo. Listed 90 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $335,000 | | Price/sqft | $153 | | Bedrooms | 4 | | Bathrooms | 2 full | | Square Feet | 2,190 | | Year Built | 1974 | | Lot Size | 9,191 sqft (0.21 acres) | | Stories | 2 | | Garage | 1-car | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 90 | ## Why This Home Stands Out - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,694 | | Estimated Insurance | $98 | | **Total** | **$1,792** | ## Nearby Schools - **Elementary:** Clays Mill - **Middle:** Jessie Clark - **High:** Lafayette ## Key Amenities - Fireplace - Hardwood - A/C - 1-car garage ## Property Highlights - Built in 1974 - 0.21 acre lot - 2 stories - Fireplace ## Description ### Agent 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. ## Location - **Address:** 481 Severn Way, Lexington, KY 40503 - **County:** Fayette - **Neighborhood:** Open Gates - **Coordinates:** 38.005304, -84.529629 - **Google Maps:** https://www.google.com/maps?q=38.005304,-84.529629 ## Listing Agent - **Name:** Nicholas Ratliff - **Brokerage:** Real Broker LLC - **Broker Phone:** 855-450-0442 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/481-Severn-Way_Lexington_KY_40503_M49242-56018?f=listhub&s=LBARKY&m=26021990&c=propsimple) ## Photos ![481 Severn Way - Photo 1](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f2489269551r.jpg) ![481 Severn Way - Photo 2](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f2181019952r.jpg) ![481 Severn Way - Photo 3](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f132739307r.jpg) ![481 Severn Way - Photo 4](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f3919411591r.jpg) ![481 Severn Way - Photo 5](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f3698229172r.jpg) ![481 Severn Way - Photo 6](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f1987302847r.jpg) ![481 Severn Way - Photo 7](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f2807067402r.jpg) ![481 Severn Way - Photo 8](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f3521784837r.jpg) ![481 Severn Way - Photo 9](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f2743437135r.jpg) ![481 Severn Way - Photo 10](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f4196379078r.jpg) ![481 Severn Way - Photo 11](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f3790384528r.jpg) ![481 Severn Way - Photo 12](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f1427794494r.jpg) ![481 Severn Way - Photo 13](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f4241400793r.jpg) ![481 Severn Way - Photo 14](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f43621515r.jpg) ![481 Severn Way - Photo 15](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f179956499r.jpg) ![481 Severn Way - Photo 16](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f176694148r.jpg) ![481 Severn Way - Photo 17](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f872625622r.jpg) ![481 Severn Way - Photo 18](http://lh.rdcpix.com/239117a8af94d25f8ab6fee5f7d6e1d1l-f1529654085r.jpg) --- **MLS#:** 26021990 | **Updated:** 2026-10-31 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/481-severn-way-lexington-ky-40503-f8a1d871b35140d8b651e459021dadd4) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/481-severn-way-lexington-ky-40503-f8a1d871b35140d8b651e459021dadd4#listing", "url": "https://www.propertysimple.ai/listing/481-severn-way-lexington-ky-40503-f8a1d871b35140d8b651e459021dadd4", "name": "481 Severn Way, Lexington, KY 40503", "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. 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