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838 Tremont Ave, Lexington, KY, 40502

3beds
3baths
2,042sqft
$549,000
$269price/sqft
$3,572/moest. monthly cost
$142,880/yrincome needed

About This Home

It is a very rare day when a home with good bones in the desirable Chevy Chase area comes on the market. A home that you where you can have it all your way. This home is part of an estate. The listing price is well below market prices for the area as the administrator is aware that the home needs some updating and has some deferred maintenance items. This is an excellent opportunity to purchase well below market value and customize the updates to your tastes. The home is quite livable in its current condition and you can build your perfect nest on your schedule. The home is about 1/2 block from Cassidy Elementary and Morton Middle School. The home experienced an extensive remodel in 1994 that added a new kitchen with wrap-around countertops and lots of natural light, family room and master suite with jetted tub and separate shower. Breakfast can be eaten at the counter or overlooking your back yard. You enter the home from an almost full width covered front porch. The living room, dining room, kitchen, family room and half bath comprise the first floor. The living room and dining room have custom plantation shutters. The family room has 2" natural finish wood blinds. The kitchen has a gas cook-top, a relatively new SS Fridge and Jenn air oven that needs some work or replacement. A small butler's pantry is off the dining room. The upstairs is reached via an open staircase and features the master suite with master bath, two additional bedrooms, a full bath with walk-in shower, and lots of closet space. There is a basement (about 696 square feet) that was a full basement before the addition which is on a crawl space. The washer, dryer, laundry sink and folding table are in the basement. There is also a workbench and some storage cabinets. The living room features a wood burning fireplace with a Parker Mantle face. Those of you who know Chevy Chase knows what a Parker mantle is. The home has old style brick patio and old box style garage suitable for storage. The mostly private back yard is fenced and has a garden area with raised beds.

Getting Around

85
WalkingVery Walkable
0
TransitVery Limited Transit
86
BikeVery Bikeable

Schools

9/10
7/10
Morton Middle SchoolGrades 6-80.2 mi
7/10
Henry Clay High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1929

Materials

  • Roof: Asphalt
  • Construction materials: brick

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Range / Oven,Refrigerator,Washer

Basement

  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Flooring: Tile,Carpet,Hardwood
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced air,Gas
  • Cooling features: Central

Interior Area

  • Total interior livable area: 2,042 sqft

Property

Details

  • Parcel number: 11101700

Features

  • Exterior features: Shingle,Vinyl,Brick

Lot

  • Lot size: 9,191 sqft

Parking

  • Parking features: Garage - Detached,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 WaveModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Tornado
Winter Weather

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 $2,776$33,312
Home Insurance *$167$2,004
Property Taxes $468$5,616
Electricity $161$1,935
Total$3,572$42,864
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$122,468/yr
40% on housing$107,160/yr
45% on housing$95,253/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

$269This listing

vs Other Active Listings

Avg $/sqft

ZIP 40502$240
Fayette County$245

vs Homes Sold Last Month

Median $/sqft

ZIP 40502$271
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)

No zestimate history available

Price History

DateEventPrice
2026-04-21Price change$549,000
2026-04-02Listed for sale$599,000
1985-05-28Sold$62,500

For Sale by Owner

AgentProperty Owner

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