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

101 S Hanover Ave APT 2M, Lexington, KY, 40502

2beds
2baths
1,305sqft
$359,900
$276price/sqft
$2,347/moest. monthly cost
$93,880/yrincome needed

About This Home

Just a stone's throw from downtown, Hanover Towers is understandably in high demand. It rests within lovely historic Ashland Park, at the corner of Hanover and East Main. Within a short walk are Woodland Park, Henry Clay and Chevy Chase. Hop a bike and its 5 minutes to Rupp, the farmer's market, Gatton Park or the distillery district. Or stay right at home and catch spectacular views of downtown Lex. and the sun setting over the bluegrass on the Hanover Towers rooftop. The complex has covered parking for owners, guest parking, public spaces, basement storage, a laundry facility and a workout room. Most impressive, whether you are coming or going, a doorman will greet you and assist you at the front of the building daily through 6 pm. This lovely 2nd floor corner unit in Hanover Towers was remodeled in 2022 and in pristine condition. The standard clunky Hanover towers glass partitioning in the living room was removed, opening up that space to the amazing morning sunrises through the oaks. The kitchen was gutted, re-configured, opened up to the living room and remodeled. All new. The baths too were renovated, including new vanities and fixtures, new tile and glass. All flooring was replaced, as well. Vacant and move-in ready. Furnishings are negotiable.

Getting Around

81
WalkingVery Walkable
0
TransitVery Limited Transit
78
BikeVery Bikeable

Schools

9/10
7/10
Morton Middle SchoolGrades 6-80.8 mi
7/10
Henry Clay High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1964

Materials

  • Foundation: Concrete Perimeter
  • Roof: Membrane
  • Construction materials: Brick Veneer

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Refrigerator,Cooktop,Range
  • Laundry features: Lower Level,Common Area

Basement

  • Has basement: Yes

Bathroom2

  • Level: First

Bedrooms & Bathrooms

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

Features

  • Breakfast Bar,Entrance Foyer,Walk-In Closet(s)
  • Window features: Insulated Windows
  • Flooring: Carpet,Ceramic Tile
  • Finished area below ground: 0
  • Finished area above ground: 1,305

Heating & Cooling

  • Heating features: Steam
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,305
  • Total interior livable area: 1,305 sqft

Kitchen

  • Level: First

Master Bedroom

  • Level: First

Property

Accessibility

  • Accessibility features: Accessible Approach with Ramp,Accessible Central Living Area,Accessible Common Area,Accessible Elevator Installed,Accessible Entrance,Accessible Hallway(s)

Details

  • Parcel number: 10034640

Features

  • Levels: One

Parking

  • Total spaces: 1
  • Parking features: Detached Carport,Driveway,Off Street
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Carport: Yes
  • Carport spaces: 1

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
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Tornado
Winter Weather
Earthquake
Hail
Inland Flooding
Ice Storm
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 $1,819$21,828
Home Insurance *$109$1,308
Property Taxes $265$3,180
Electricity $154$1,850
Total$2,347$28,164
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$80,468/yr
40% on housing$70,410/yr
45% on housing$62,586/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

$276This listing

vs Other Active Listings

Avg $/sqft

ZIP 40502$241
Fayette County$246

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
2026-07-18Listed for sale$359,900
2021-04-28Sold$180,000
1999-10-04Sold$94,500

For Sale by Agent

AgentSondra Clark
BrokerageTaylor Real Estate, LLC

Similar Homes