See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

541 W Short St APT 3, Lexington, KY, 40507

2beds
3baths
1,480sqft
$399,000
$270price/sqft
$2,686/moest. monthly cost
$107,440/yrincome needed

About This Home

Incredible downtown location! Opera House Square is a gated community nestled in the heart of downtown and embodies the perfect blend of comfort, privacy, and convenience. Walk to downtown's best shopping, dining, and entertainment including Rupp Arena, Farmer's Market, The Opera House, Thursday Night Live, etc. First Floor living in this 2-story townhome includes a generous living room with a gas fireplace and built-in book cases, kitchen with a breakfast bar, dining room, & a half bath. Upstairs are two bedroom suites, each with a full bath; and a landing laundry area. The brick walled-patio off the living room assures outdoor privacy and security right in the heart of downtown Lexington! There's also a small shed for extra storage. This townhome is one of only a hand full in Opera House Square that is separated from adjacent units by concrete block walls, enhancing fire protection and eliminating sound.

Getting Around

92
WalkingWalker's Paradise
0
TransitVery Limited Transit
79
BikeVery Bikeable

Schools

5/10
5/10
10/10
Lafayette High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 1981

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Brick Veneer

Type & Style

  • Home type: Townhouse
  • Architectural style: Colonial
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dryer,Disposal,Dishwasher,Refrigerator,Trash Compactor,Washer,Cooktop,Oven,Range,Vented Exhaust Fan
  • Laundry features: Electric Dryer Hookup,Washer Hookup,Upper Level

Bathroom1

  • Level: First

Bathroom2

  • Level: Second

Bathroom3

  • Level: Second

Bedroom2

  • Level: Second

Bedrooms & Bathrooms

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

Dining Room

  • Level: First

Features

  • Breakfast Bar,Entrance Foyer
  • Window features: Insulated Windows
  • Flooring: Carpet,Ceramic Tile,Tile,Wood
  • Number of fireplaces: 1
  • Fireplace features: Living Room,Masonry
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,480

Heating & Cooling

  • Heating features: Heat Pump,Natural Gas
  • Cooling features: Electric

Interior Area

  • Total structure area: 1,480
  • Total interior livable area: 1,480 sqft

Kitchen

  • Level: Second

Living Room

  • Level: First

Master Bedroom

  • Level: First

Master Bedroom

  • Level: Second

Property

Details

  • Parcel number: 10003010

Features

  • Levels: Two
  • Exterior features: Other
  • Fencing: Other,Privacy

Lot

  • Lot size: 2,369 sqft

Parking

  • Parking features: Other

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
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Inland Flooding
Ice Storm
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 $2,017$24,204
Home Insurance *$97$1,164
Property Taxes $418$5,016
Electricity $154$1,850
Total$2,686$32,232
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$92,091/yr
40% on housing$80,580/yr
45% on housing$71,626/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

$270This listing

vs Other Active Listings

Avg $/sqft

ZIP 40507$248
Fayette County$246

vs Homes Sold Last Month

Median $/sqft

ZIP 40507$359
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
2026-05-01Listed for sale$429,000
2025-06-27Listing removed$2,200
2025-02-18Listed for rent$2,200
2019-11-25Listing removed$1,600
2019-08-28Listed for rent$1,600
2018-06-03Listing removed$1,500
2018-05-09Price change$1,500
2018-04-17Listing removed$269,000
2018-04-17Listed for rent$1,600
2018-01-27Listing removed$1,600
2018-01-27Price change$269,000
2018-01-21Listed for rent$1,600
2017-10-26Listed for sale$279,000
2017-10-16Listing removed$1,600
2017-08-17Listed for rent$1,600
2017-08-17Listing removed$289,000
2017-07-25Price change$289,000
2017-04-27Listed for sale$299,000
1986-10-03Sold$93,300

For Sale by Agent

AgentMichelle Mullins
BrokerageUnited Real Estate Bluegrass

Similar Homes