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1116 Shagbark Ln, Lexington, KY, 40515

5beds
4baths
3,609sqft
$489,000
$135price/sqft
$3,479/moest. monthly cost
$139,160/yrincome needed

About This Home

Welcome home to this spacious two-story residence situated on a desirable corner lot in the sought-after Tanbark subdivision—perfect for a growing or multi-generational family. Step inside the impressive two-story foyer, where a custom-crafted wood staircase creates a warm and elegant first impression. The main level features gleaming hardwood floors throughout and an open, functional layout designed for both everyday living and entertaining. The spacious kitchen boasts granite countertops, custom cabinetry, and a large island with a flat cooktop, offering abundant prep space and the perfect gathering spot for family and friends. Upstairs, you'll find four generously sized bedrooms, beautiful hardwood flooring, and two beautifully updated full bathrooms. The spacious primary suite is a true retreat, featuring a double-bowl vanity and an impressive walk-in tiled shower. The finished walkout basement provides exceptional flexibility with a large bonus room ideal for a media room, recreation area, home office, or private retreat. A fifth bedroom and full bath make the lower level perfect for guests or extended family. Outdoor living is just as inviting, with a deck off the kitchen overlooking the backyard and stairs leading down to the lower-level patio. Additional highlights include updated energy-efficient windows for enhanced comfort and long-term value. Don't miss this opportunity to own a beautifully updated home offering space, style, and versatility in one of the area's most desirable neighborhoods.

Getting Around

58
WalkingSomewhat Walkable
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

4/10
4/10
3/10
Tates Creek High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1989

Materials

  • Foundation: Concrete Perimeter
  • Roof: Dimensional Style
  • Construction materials: Brick Veneer,HardiPlank Type

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Cooktop,Oven
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Finished,Walk-Out Access

Bathroom1

  • Level: First

Bathroom2

  • Level: Second

Bathroom3

  • Level: Second

Bathroom3

  • Level: Lower

Bedroom2

  • Level: Second

Bedroom4

  • Level: Second

Bedroom5

  • Level: Lower

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Bonus Room

  • Level: Lower

Dining Room

  • Level: First

Family Room

  • Level: First

Features

  • Entrance Foyer,Eat-in Kitchen,Walk-In Closet(s),Ceiling Fan(s)
  • Window features: Insulated Windows,Blinds,Screens
  • Flooring: Carpet,Ceramic Tile,Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Family Room,Masonry,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 965
  • Finished area above ground: 2,644

Foyer

  • Level: First

Heating & Cooling

  • Heating features: Forced Air,Zoned
  • Cooling features: Central Air,Ceiling Fan(s),Electric,Zoned

Interior Area

  • Total structure area: 3,609
  • Total interior livable area: 3,609 sqft

Kitchen

  • Level: First

Master Bathroom

  • Level: Second

Master Bedroom

  • Level: Second

Property

Details

  • Parcel number: 20053280

Features

  • Levels: Two
  • Fencing: None

Lot

  • Lot size: 0.26 Acres

Parking

  • Total spaces: 2
  • Parking features: Attached Garage,Driveway,Off Street,Other,Garage Faces Rear
  • 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
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Tornado
Winter Weather
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 $2,472$29,664
Home Insurance *$210$2,520
Property Taxes $512$6,144
Electricity $285$3,420
Total$3,479$41,748
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$119,280/yr
40% on housing$104,370/yr
45% on housing$92,773/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

$135This listing

vs Other Active Listings

Avg $/sqft

ZIP 40515$209
Fayette County$246

vs Homes Sold Last Month

Median $/sqft

ZIP 40515$179
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
2026-08-08Price change$479,000
2026-07-25Listed for sale$489,000
2025-06-17Listing removed$2,600
2025-06-12Listing removed$474,900
2025-06-10Listed for rent$2,600
2025-05-31Price change$474,900
2025-05-05Listed for sale$479,000
2025-04-23Contingent$489,900
2025-04-07Price change$489,900
2025-03-15Listed for sale$499,900
2025-02-15Listing removed$2,500
2025-01-25Listed for rent$2,500
2024-11-29Listing removed$2,500
2024-11-20Price change$2,500
2024-11-10Listed for rent$2,650
2024-11-02Listing removed$2,700
2024-10-19Price change$2,800
2024-10-06Listed for rent$2,900
2021-03-24Listing removed--
2019-04-13Listing removed$2,300
2019-04-09Price change$2,300
2019-04-04Listed for rent$2,200
2015-12-30Sold$235,000
2013-10-23Sold$183,000
2013-08-10Listed for sale$200,000
2013-06-18Listing removed$200,000
2013-05-13Sold$190,000
2001-09-28Sold$220,500

For Sale by Agent

AgentBrent L Frederick
BrokerageUnited Real Estate Bluegrass

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