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238 Rand Ave, Lexington, KY, 40508

4beds
3baths
1,900sqft
$350,000
$184price/sqft
$2,635/moest. monthly cost
$105,400/yrincome needed

About This Home

Experience refined downtown living at 238 Rand Avenue. Thoughtfully renovated with elevated finishes and a modern, open flow, this 4-bedroom, 2.5-bath residence blends timeless character with contemporary luxury. From the moment you enter, you're welcomed into a light-filled living space anchored by a sleek electric fireplace — creating a warm yet sophisticated focal point. The first-floor primary suite offers both privacy and convenience, while the oversized laundry room adds functionality without sacrificing style. Chef inspired kitchen is bright and functional with new appliances. Every detail has been carefully curated to provide comfort, elegance, and effortless living. The entire home was taken down to the studs and reimagined to have all the modern comforts. Located in the heart of downtown Lexington, just minutes from premier dining, boutique shopping, and scenic parks, this home offers a lifestyle defined by walkability, culture, and convenience. This is more than a renovation — it's a statement in modern downtown luxury. Schedule your private showing today.

Getting Around

79
WalkingVery Walkable
0
TransitVery Limited Transit
72
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Block,Stone
  • Roof: Shingle
  • Construction materials: Brick Veneer,Stone

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Refrigerator,Cooktop
  • Laundry features: Electric Dryer Hookup,Main Level,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Concrete,Full,Unfinished,Walk-Up Access

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Breakfast Bar,Eat-in Kitchen
  • Window features: Insulated Windows
  • Flooring: Tile
  • Finished area below ground: 0
  • Finished area above ground: 1,900

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Electric

Interior Area

  • Total structure area: 1,900
  • Total interior livable area: 1,900 sqft

Kitchen

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 13258950

Features

  • Levels: One and One Half
  • Fencing: Chain Link

Lot

  • Lot size: 2,570 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 WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Winter Weather
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 $1,769$21,228
Home Insurance *$346$4,152
Property Taxes $366$4,392
Electricity $154$1,850
Total$2,635$31,620
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$90,342/yr
40% on housing$79,050/yr
45% on housing$70,266/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 40508$140
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
2026-05-14Price change$389,900
2026-05-05Price change$394,900
2026-04-27Price change$399,900
2026-04-14Price change$415,000
2026-04-10Price change$425,000
2026-04-01Price change$440,000
2026-03-21Price change$445,000
2026-02-28Listed for sale$450,000
2025-11-10Sold$174,000
2025-11-02Pending sale$189,000
2025-10-30Price change$189,000
2025-10-06Price change$199,000
2025-09-26Listed for sale$222,000
2013-12-05Sold$40,000

For Sale by Agent

AgentElizabeth Hodge
BrokerageLifstyl Real Estate

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