1981 Favell Court Lexington, KY $ 449,000
1981 Favell Court
$ 449,000
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1981 Favell Court

Lexington, KY, 40503
$ 449,000
Bedrooms4 Baths2.1 Sq 2,152

Monthly Estimate*

$ 2,835

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Single Family Home for sale in Lexington, KY

for $449,000 with 4 bedrooms and 2 full baths, 1 half bath. This 2,152 square foot home was built in 1976 on a lot size of 0.27.

Some opportunities are defined by their potential. Others by their setting. This home offers both. Perfectly positioned in sought-after Grasmere, this tri-level enjoys one of the neighborhood's most coveted views—overlooking a picturesque four-board fenced horse farm, a setting that rarely becomes available, especially at this price point. Lovingly cared for by the same owners for decades, the home reflects years of pride in ownership. While many buyers may choose to update the kitchen and baths over time, there's no need to tackle everything at once. Stainless steel appliances have already been updated, the home has been well maintained, and it's comfortable and move-in ready from day one. The versatile tri-level floor plan offers multiple living spaces, generous room sizes, and an in-ground pool, creating plenty of room to relax, entertain, and make memories for years to come. Some features can be renovated. A setting like this cannot. If you've been waiting for the chance to own a home with an extraordinary view in one of the area's most established neighborhoods, this is an opportunity worth seeing.

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Single Family Active

Price

$ 449,000

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Single Family Residence

Lot Size

0.27

Year Built

1976

Town/City

Lexington

County/Region

Fayette

MLS | Web ID

26014992

Features
Interior
Interior Amenities Breakfast Bar Ceiling Fan(s) Eat-in Kitchen
Basement Bath/Stubbed Finished
Flooring Carpet Ceramic Tile Hardwood
Total Fireplaces 1
Fireplace Features Family Room
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 1458.0
Half Baths 1
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 4
Below Grade Finished Area 694.0
Total Baths 3
Heating-Heat Pump True
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General
Sewer Public Sewer
Heating Heat Pump
Cooling Heat Pump
Possession Negotiable
Roof Dimensional Style
Appliances Dishwasher Microwave Range Refrigerator
Garage Spaces 2.0
Patio/Porch Features Patio
Pool Features In Ground
Construction Materials Wood Siding Brick Veneer
Year Built 1976
View Farm
Levels Three Or More Multi/Split
Property Subtype Single Family Residence
Parcel Number 26166688
County Fayette
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Grasmere
Garage Y/N Y
Total Rooms 12
Full Baths 2
Status Active
Directions Harrodsburg rd outbound left on Wellington right on Gladman Way Left on Favell ct
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 11622.0
Carport Y/N N
Elementary School Stonewall
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/490a7e3a-2e00-4eac-a3d7-8e49856bf67c?initialViewType=pano&hidePhotos=true&setAttribution=mls&wl=true&utm_source=email&utm_medium=email&utm_campaign=emo-floorplancomple
Standard Status Active
Senior Community None
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Exterior
Fencing Privacy Wood
Parking Features Attached Garage Driveway Garage Door Opener
Lot Features Few Trees Landscaped
Water Source Public
Lot Size Area 0.27
Foundation Details Block
Building Area Total 2152.0
Lot Size Acres 0.27
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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Internal Only
Street Number 1 1981
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* Excluded Features
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$2,835
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Monthly Principal & Interest
$2,835
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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.
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Nearby
3289811 Elementary School
3292830 Middle School
Lafayette High School High School
Pricing History
DatePricePrice ChangeDescription
6/26/2026$449,000 Listed Price

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1981 Favell Court, Lexington, KY, 40503 is a Single Family Home for sale at $449,000 with 2,152 sqft and a lot size of 0.27. 1981 Favell Court has 4 bedrooms, 2.1 baths, and was built in 1976. The property's zip code is 40503 which is in Lexington, KY