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251 Simpson Ave APT 317, Lexington, KY, 40504

3beds
2baths
1,025sqft
$239,900
$234price/sqft
$1,713/moest. monthly cost
$68,520/yrincome needed

About This Home

Enjoy the convenience of this beautifully maintained 3-bedroom, 2-bath condo in an prime convenient location with easy access to the University of Kentucky, UK Hospital, downtown Lexington, Rupp Arena, Kroger Field, shopping, restaurants, and entertainment. Inside, you'll find a spacious, carpet-free floor plan with an open-concept living area that's perfect for everyday life. The fully equipped kitchen features stainless appliances, granite countertops, ample cabinetry, and a large breakfast area. Laminate flooring flows throughout the home, and the oversized laundry room comes complete with a washer and dryer. The primary suite offers a private en-suite bath, while 2 additional generously sized bedrooms provide plenty of space for roommates, guests, or a home office. With two designated parking spaces, this property is an excellent opportunity for UK students, parents looking for student housing, or investors seeking a prime rental property. Investment Opportunity: This condo can also be purchased as a package with 209 Simpson Avenue, Unit 304 at a discounted price.

Getting Around

76
WalkingVery Walkable
0
TransitVery Limited Transit
81
BikeVery Bikeable

Schools

5/10
7/10
Morton Middle SchoolGrades 6-81.6 mi
10/10
Lafayette High SchoolGrades 9-120.8 mi

Construction

Condition

  • Year built: 1995

Materials

  • Foundation: Slab
  • Roof: Other
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

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

Bathroom1

  • Level: Third

Bedroom2

  • Level: Third

Bedroom3

  • Level: Third

Bedrooms & Bathrooms

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

Dining Room

  • Level: Third

Family Room

  • Level: Third

Features

  • Eat-in Kitchen,Ceiling Fan(s)
  • Window features: Blinds
  • Flooring: Laminate,Tile,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 1,025

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 1,025
  • Total interior livable area: 1,025 sqft

Kitchen

  • Level: Third

Master Bathroom

  • Level: Third

Master Bedroom

  • Level: Third

Utility Room

  • Level: Third

Property

Details

  • Parcel number: 19963590

Features

  • Levels: One
  • Fencing: None
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 43.56 sqft
  • Features: Other

Parking

  • Parking features: Off Street

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

  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Lightning
Strong Wind
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 $1,213$14,556
Home Insurance *$97$1,164
Property Taxes $249$2,988
Electricity $154$1,850
Total$1,713$20,556
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$58,731/yr
40% on housing$51,390/yr
45% on housing$45,680/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

$234This listing

vs Other Active Listings

Avg $/sqft

ZIP 40504$152
Fayette County$246

vs Homes Sold Last Month

Median $/sqft

ZIP 40504$181
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
2026-07-31Price change$239,900
2026-07-15Listed for sale$246,500
2019-06-18Sold$112,000

For Sale by Agent

AgentRobin S Jones
BrokerageKeller Williams Legacy Group

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