521 Severn Way
Lexington, KY, 40503 $ 385,000
Bedrooms4 Baths2.0 Sq 2,217 Monthly Estimate*
$ 2,402
for $385,000 with 4 bedrooms and 2 full baths. This 2,217 square foot home was built in 1974 on a lot size of 0.24.
Discover this exceptional 4-bedroom, 2-bath home offering 2,217 sq. ft. of comfortable living space, ideally situated on a corner lot in one of Lexington's most desirable neighborhoods. Beautiful hardwood floors welcome you inside, leading to an updated kitchen featuring granite countertops, stainless steel appliances, abundant cabinetry, and convenient access to the deck—perfect for outdoor cooking and entertaining. The upstairs dining and living areas provide a warm, inviting space perfect for both everyday living and hosting guests. The lower level offers an additional retreat with a cozy wood-burning fireplace complete with a custom-fitted insert and efficient heat exchanger. A stainless steel, custom-designed chimney cap (installed in 2018) ensures safe and reliable performance for years to come. A standout feature of this property is the impressive 32' x 24' detached garage. Whether you need space for multiple vehicles, boats, ATVs, motorcycles, or sporting gear, this versatile structure delivers. Custom cabinetry and overhead tub storage provide smart organization, and a reinforced concrete pad along the left side offers added versatility. On the right side of the garage, a professionally installed electrical junction point awaits your future hot tub installation. Additional highlights include: Numerous newer windows; Ample storage throughout; A lower-level bedroom, full bath, and private exterior entrance —ideal for guests, multi-generational living, or a separate workspace; A chain-link dog run; Excellent proximity to parks, schools, shopping, and more (schools to be verified by buyers). This inviting property blends comfort, functionality, and location—truly a wonderful place to call home. Don't miss your chance to make it yours!
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FeaturesInteriorInterior Amenities Ceiling Fan(s) Eat-in Kitchen
Basement Finished Walk-Out Access
Flooring Carpet Hardwood Tile Vinyl
Total Fireplaces 1
Fireplace Features Basement Blower Fan Family Room Wood Burning
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Blinds
Fireplace Y/N Y
Above Grade Finished Area 1331.0
Half Baths 0
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 4
Below Grade Finished Area 886.0
Total Baths 2
Heating-Heat Pump True
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GeneralSewer Public Sewer
Heating Heat Pump
Cooling Heat Pump
Possession Close Of Escrow
Roof Dimensional Style
Appliances Dishwasher Microwave Range
Garage Spaces 3.0
Architectural Style Split Level
Security Features Security System Owned
Construction Materials Vinyl Siding Brick Veneer
Year Built 1974
Levels Multi/Split
Property Subtype Single Family Residence
Parcel Number 10487850
County Fayette
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Open Gates
Garage Y/N Y
Other Structures Other
Total Rooms 12
Full Baths 2
Status Contingent
Directions Inside New Circle. From either Nicholasville Road or Harrodsburg Road turn onto Pasadena Drive then south onto Ark Royal Way. Home is on the left at the corner of Ark Royal Way and Severn Way.
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 10329.0
Carport Y/N N
Elementary School Clays Mill
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School Jessie Clark
MLS Area Minor 004 - Fayette County SW
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.zillow.com/view-imx/b524ec72-503f-4d48-a4e2-b1a63f458899?initialViewType=pano&utm_source=dashboard
Standard Status Pending
Senior Community None
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ExteriorExterior Amenities Other
Fencing Chain Link Partial
Parking Features Attached Garage Detached Garage Driveway Garage Door Opener
Water Source Public
Lot Size Area 0.24
Foundation Details Block
Building Area Total 2217.0
Lot Size Acres 0.24
Lot Size Source Public Records
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByNew Doors Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,402
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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.
Learn more about how to save NearbySingle family listings in Lexington, KY
Average List Price $536,021
Percent of Sale Price 39%
About Lexington, KY 309,571 Population
19% Since 2002
$ 49,858 Median Income
34.93 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
3289980 Elementary School
3292830 Middle School
Lafayette High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/23/2025 | $385,000 | | Listed Price |