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513 E 7th St, Lexington, KY, 40505

3beds
2baths
940sqft
$172,500
$184price/sqft
$1,294/moest. monthly cost
$51,760/yrincome needed

About This Home

Check out this move in ready 3 bed 2 bath. Everything was remodeled by previous owner in 2022. The renovations included all new: kitchen cabinets, sink, granite counter tops, appliances, HVAC system, drywall, wiring including new electrical panel, dimensional roof shingles, vinyl siding, windows, bathroom tile, vanities, and fixtures, interior and exterior doors, carpet, tile, and laminate floor covering, paint, and more. Close to downtown, New Circle Rd and priced right! Don't wait. Schedule your tour today!

Getting Around

63
WalkingSomewhat Walkable
0
TransitVery Limited Transit
53
BikeBikeable

Schools

5/10
Lexington Middle SchoolGrades 6-80.7 mi
7/10

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Block
  • Roof: Dimensional Style
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Refrigerator,Range
  • Laundry features: Electric Dryer Hookup,Main Level,Washer Hookup

Basement

  • Basement: Crawl Space

Bathroom1

  • Level: First

Bathroom2

  • Level: First

Bedroom2

  • Level: First

Bedroom3

  • Level: First

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s)
  • Window features: Insulated Windows
  • Flooring: Carpet,Laminate,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 940

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Electric

Interior Area

  • Total structure area: 940
  • Total interior livable area: 940 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 11222700

Features

  • Levels: One
  • Fencing: Partial
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 3,702 sqft

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
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Strong Wind
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 $872$10,464
Home Insurance *$92$1,104
Property Taxes $176$2,112
Electricity $154$1,850
Total$1,294$15,528
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$44,365/yr
40% on housing$38,820/yr
45% on housing$34,506/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

$184This listing

vs Other Active Listings

Avg $/sqft

ZIP 40505$160
Fayette County$246

vs Homes Sold Last Month

Median $/sqft

ZIP 40505$170
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
2026-08-10Price change$167,500
2026-08-03Price change$172,500
2026-07-29Listed for sale$182,500
2022-07-22Sold$140,000
2022-06-14Pending sale$149,000
2022-06-08Price change$149,000
2022-05-26Listed for sale$154,900
2022-04-22Pending sale$154,900
2022-04-04Price change$154,900
2022-03-25Listed for sale$169,900
2021-06-11Sold$40,470

For Sale by Agent

AgentChris M Johnson
BrokeragePlum Tree Realty

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