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423 E 2nd St, Lexington, KY, 40508

1beds
1baths
852sqft
$225,000
$264price/sqft
$1,744/moest. monthly cost
$69,760/yrincome needed

About This Home

Built in 2024, welcome to 423 East Second Street! This modern home features an open-concept layout with stylish industrial-inspired finishes, offering a functional and inviting living space. Enjoy the added privacy and versatility of the fully fenced backyard, perfect for pets, outdoor entertaining, gardening, or simply relaxing. Whether you're looking for your own place in the heart of downtown or seeking a low-maintenance property with modern finishes, this home is one you won't want to miss.

Getting Around

76
WalkingVery Walkable
0
TransitVery Limited Transit
74
BikeVery Bikeable

Schools

9/10
5/10
Lexington Middle SchoolGrades 6-80.5 mi
7/10
Henry Clay High SchoolGrades 9-122.2 mi

Construction

Condition

  • Property condition: New Construction
  • Year built: 2023

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Oven
  • Laundry features: Washer Hookup

Bathroom1

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First

Features

  • Ceiling Fan(s)
  • Window features: Blinds
  • Flooring: Concrete
  • Finished area below ground: 0
  • Finished area above ground: 852

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 852
  • Total interior livable area: 852 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 15334000

Features

  • Levels: One
  • Fencing: Privacy

Lot

  • Lot size: 1,481 sqft

Parking

  • Parking features: Off Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Tornado
Winter Weather
Earthquake
Hail
Ice Storm
Lightning
Strong Wind

FEMA Declared Disasters Across Kentucky Counties

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,137$13,644
Home Insurance *$222$2,664
Property Taxes $231$2,772
Electricity $154$1,850
Total$1,744$20,928
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$59,794/yr
40% on housing$52,320/yr
45% on housing$46,506/yr

Kentucky FAIR Plan Programs

Kentucky FAIR Plan Reinsurance Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,102Commercial: 175
Total Premiums$2.55M
Total Exposure$206.09M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.5%
11.5%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$264This listing

vs Other Active Listings

Avg $/sqft

ZIP 40508$142
Fayette County$246

vs Homes Sold Last Month

Median $/sqft

ZIP 40508$135
Fayette County$186

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-01Listed for sale$225,000
2024-08-16Sold$210,000
2024-07-31Listing removed--
2024-07-26Contingent$225,000
2024-07-17Listed for sale$225,000
2024-07-12Listing removed--
2024-04-06Price change$240,000
2024-03-01Listed for sale$250,000
2024-02-20Listing removed--
2024-02-14Listed for rent$1,200
2022-12-27Sold$50,000
2008-07-30Sold$8,000

For Sale by Agent

AgentRebecca Worth
BrokerageRedfin

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