1221 Providence Ln, Lexington, KY, 40502
About This Home
A beautifully renovated Chevy Chase home with a private guest house—an exceptional opportunity rarely found in 40502. Thoughtfully updated while preserving its timeless character, this move-in-ready home offers inviting living spaces filled with natural light, beautiful hardwood floors, an updated kitchen, replacement windows, and quality finishes throughout. The private detached guest house (ADU) is a standout feature, complete with a bedroom, full bath, kitchenette, dining area, and living room. Whether you're accommodating extended family, hosting long-term guests, creating a private home office, or looking for flexible living space, this separate guest house offers endless possibilities. The finished basement provides additional living space ideal for a family room, media room, fitness area, playroom, or hobby space. Outside, the beautifully landscaped yard and patio create the perfect setting for entertaining or simply relaxing. Major improvements include replacement windows, custom window treatments, a B-Dry waterproofing system, and a radon mitigation system, providing comfort and peace of mind for the next owner. Ideally located just minutes from Chevy Chase shops and restaurants, the University of Kentucky, Baptist Health, downtown Lexington, and the city's best parks, this home offers a rare combination of character, modern updates, and exceptional versatility. If you've been searching for a home with a private guest house in one of Lexington's most desirable neighborhoods, this is one you won't want to miss. A copy of the floor plan is available.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1950
Materials
- Foundation: Block
- Roof: Composition
- Construction materials: Brick Veneer,HardiPlank Type
Type & Style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Disposal,Dishwasher,Gas Range,Refrigerator,Washer,Range,Vented Exhaust Fan
- Laundry features: Electric Dryer Hookup,Washer Hookup,Lower Level
Basement
- Has basement: Yes
- Basement: Full,Interior Entry,Partially Finished
Bathroom1
- Level: First
Bathroom2
- Level: Second
Bathroom3
- Level: Second
Bedroom2
- Level: First
Bedroom2
- Level: First
Bedroom4
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Family Room
- Level: First
Family Room
- Level: Lower
Features
- Eat-in Kitchen,In-Law Floorplan,Ceiling Fan(s)
- Door features: Storm Door(s)
- Window features: Insulated Windows,Window Treatments
- Flooring: Carpet,Hardwood,Other,Tile
- Number of fireplaces: 1
- Fireplace features: Living Room,Masonry
- Fireplace: Yes
- Finished area below ground: 451
- Finished area above ground: 2,244
Foyer
- Level: First
Heating & Cooling
- Heating features: Baseboard,Forced Air,Natural Gas
- Cooling features: Electric
Interior Area
- Total structure area: 2,695
- Total interior livable area: 2,695 sqft
Kitchen
- Level: First
Living Room
- Level: First
Living Room
- Level: Second
Master Bedroom
- Level: Second
Office
- Level: Lower
Utility Room
- Level: Lower
Property
Details
- Parcel number: 14294500
Features
- Levels: One and One Half
- Fencing: Partial,Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Lot size: 8,842 sqft
- Features: Landscaped,Few Trees
Parking
- Total spaces: 2
- Parking features: Driveway,Garage Door Opener,Other,Garage Faces Front
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
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
- Lightning
- Tornado
- Winter Weather
- Earthquake
- Hail
- Inland Flooding
- Ice Storm
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Kentucky Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,748 | $56,976 |
| Home Insurance * | $285 | $3,420 |
| Property Taxes | $975 | $11,700 |
| Electricity | $212 | $2,553 |
| Total | $6,220 | $74,640 |
Income You'd Need if You Spent...
Kentucky FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-02 | Price change | $939,000 |
| 2026-06-24 | Price change | $949,900 |
| 2026-06-06 | Listed for sale | $975,000 |
| 2024-11-25 | Sold | $865,000 |
| 2024-11-22 | Pending sale | $895,000 |
| 2024-11-12 | Contingent | $895,000 |
| 2024-10-24 | Listed for sale | $895,000 |
| 2013-06-07 | Sold | $423,000 |
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