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Backup Offers

408 S Mill St, Lexington, KY, 40508

$599,000

Home List Price

$7,113*

Closing Credit

3 Bedrooms
2 Full Baths, 2 Partial
House
Schools Nearby

Location

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408 S Mill St, Lexington$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Off Street
Year Built1850
HeatingElectric, Forced Air, Heat Pump, Zoned
CoolingElectric, Heat Pump, Zoned
BasementYes
FireplaceFamily Room, Living Room, Masonry, Primary Bedroom, Wood Burning
MLS #24009174
Lot Size0.08 Acres
StatusAccepting Backup Offers
(Contingent)

About 408 S Mill St

Fantastic opportunity to purchase a historic, single family home in the heart of downtown Lexington! You simply cannot beat this location, within walking distance to Rupp Arena, fabulous restaurants, two universities and all that downtown has to offer, while being just a short drive from Keeneland and the airport. Offering three bedrooms, four bathrooms and over 2400sqft, with off street parking and multiple outdoor spaces. Make this your dream home or keep it as is, as a successful Airbnb! The first floor boasts a spacious foyer, formal living and dining rooms, great room, kitchen and two half baths. The second floor primary suite is at the rear of the home and offers lots of natural light, walk-in closet and en suite bathroom. There are two guest bedrooms and a hall bath on the front portion of the second floor. The partial, unfinished basement houses the laundry room and storage room. Off street parking in the rear for two cars and resident permit parking available on the street as well. Property being sold as is with inspections welcomed.

Property Details

Property Features

Property Information:

  • Year Built: 1850
  • Stories: 2

Listing Office:

  • Office Name: Bluegrass Sotheby's International Realty
  • Office Phone: (859) 268-0099

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: Ceiling Fan(s), Dining Area, Entrance Foyer, Security System Owned, Walk-In Closet(s)
  • Fireplace: Family Room, Living Room, Masonry, Primary Bedroom, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Deck, Other, Patio, Porch, Storm Door(s)

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Electric, Forced Air, Heat Pump, Zoned
  • Cooling: Electric, Heat Pump, Zoned

School Info

Assigned Schools Information:

  • Lafayette High School, Public Magnet Grades 9-12
  • Morton Middle School, Public District Grades 6-8
  • Ashland Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Broadway to Maxwell, right on S. Mill. For showings, turn on to Lawrence Street and there is parking behind the home, in the driveway on the right, closest to the brick wall. Driveway on the left DOES NOT belong to this home.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000

Tax Information:

  • Annual Amount: $4,006
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lexington, KY.

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Lexington, KY

City

Med. Sold Price

$313.3K

Med. Price/SqFt

$150

Avg. Days On Market

16

# of Sold Homes

298

408 S Mill St vs Lexington

16 DAYS ON ROCKET

-0 Day

$599,000

+$285.6K More

KEY TAKEAWAY

This property is $285.6K more than the Median Sold Price in Lexington, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24009174

Listing Office:

  • Office Name: Bluegrass Sotheby's International Realty
  • Office Phone: (859) 268-0099

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively 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. © 2024 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2024, 3:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 28, 2008Home Sold
$279,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,006$313,600
2019$4,006$313,600
2018$4,006$313,600

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3775461
7
/10

  • Ashland Elementary School

  • 195 N Ashland Ave

  • 1.30 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3775462
6
/10

  • Morton Middle School

  • 1225 Tates Creek Rd

  • 1.60 miles

  • Public District Grades 6-8

High School

school-card-donut-3775463
8
/10

  • Lafayette High School

  • 401 Reed Ln

  • 1.74 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,417. Residents of Lexington, KY typically earn less than $35k each year. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 408 S Mill St

What is the listing price of this property?

The listing price of 408 S Mill St property is $599,000.

What type of property is this?

The property 408 S Mill St is a house located in Lexington, Kentucky, 40508.

Is this property for sale now?

Accepting Backup Offers: 408 S Mill St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 408 S Mill St are:
Ashland Elementary School: GreatSchools Rating 7/10
Morton Middle School: GreatSchools Rating 6/10
Lafayette High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,006 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 28, 2008 for $279,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 408 S Mill St has 3 bedrooms and 2 full and 2 half bathrooms.

Which year was this property built?

The year of construction for 408 S Mill St is 1850.

Rocket Homes›Kentucky›Fayette County›Lexington›40508›408 S Mill St

This home is located at 408 S Mill St in Lexington, KY and zip code 40508 in the Historic South Hill neighborhood. This home, which was built in 1850, sits on a 0.08 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 12, 2024 and is currently priced at $599,000.

Over 95 listings were sold over their listed price in April 2024 in Lexington, KY. In the same period over 106 listings were sold below the listed price and 97 listings were sold for the listed price. In April 2024 in Lexington, KY there were 11.5% more homes for sale than in March 2024. Listings spent 16 days on the market in April 2024, and had a median list price of $313,312 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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