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

488 Larkwood Dr, Lexington, KY, 40509

2beds
1baths
1,372sqft
$227,500
$166price/sqft
$1,622/moest. monthly cost
$64,880/yrincome needed

About This Home

ANOTHER PRICE IMPROVEMENT!! DON'T MISS OUT!! Discover the charm, comfort, and convenience of life at this adorable well maintained Lexington home with a warm, inviting feel. The Bonus Room provides a PERFECT 3rd Bedroom Option! Located in a quiet, established neighborhood, this move-in-ready property with "New Roof" , "New Range"and "Refreshed Exterior!"offers the ideal setting for anyone seeking to be close to shopping, dining, parks, and top local amenities. Step inside to find a bright, open layout with spacious living areas, updated finishes, and plenty of natural light. The kitchen provides the perfect hub for everyday living, while the comfortable bedrooms and an updated bathroom make the home feel both stylish and functional. The Den has a beautiful field stone fireplace with custom built in bookcases!! There is even a bonus room that could be used as a den, office or guest room. Outside, the private backyard creates a peaceful retreat for relaxing, entertaining, or enjoying time outdoors. Make your appointment today!! You will Love This One!!

Getting Around

36
WalkingCar-Dependent
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

4/10
Crawford Middle SchoolGrades 6-82.8 mi
7/10
Henry Clay High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1982

Materials

  • Foundation: Slab
  • Roof: Dimensional Style
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

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

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Ceiling Fan(s)
  • Window features: Insulated Windows,Blinds
  • Flooring: Laminate,Tile
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,372

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Electric,Heat Pump

Interior Area

  • Total structure area: 1,372
  • Total interior livable area: 1,372 sqft

Kitchen

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 25770660

Features

  • Levels: One
  • Fencing: Wood

Lot

  • Lot size: 5,850 sqft
  • Features: Few Trees

Parking

  • Parking features: Driveway
  • 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
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Tornado
Winter Weather
Hail
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 $1,150$13,800
Home Insurance *$82$984
Property Taxes $236$2,832
Electricity $154$1,850
Total$1,622$19,464
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$55,611/yr
40% on housing$48,660/yr
45% on housing$43,253/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

$166This listing

vs Other Active Listings

Avg $/sqft

ZIP 40509$195
Fayette County$246

vs Homes Sold Last Month

Median $/sqft

ZIP 40509$195
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
2026-08-11Contingent$227,500
2026-07-31Price change$227,500
2026-07-13Price change$234,500
2026-06-26Listed for sale$237,000
2026-06-17Contingent$237,000
2026-06-16Listed for sale$237,000
2026-06-09Contingent$237,000
2026-06-03Listed for sale$237,000
2026-05-28Contingent$237,000
2026-05-26Listed for sale$237,000
2021-11-15Sold$168,000
2021-10-29Pending sale$148,700
2021-10-28Listed for sale$148,700
2016-04-11Sold$114,000
2016-03-02Pending sale$114,000
2016-02-07Price change$114,000
2015-12-16Price change$115,000
2015-11-13Listed for sale$120,000
2008-01-15Sold$107,000
2001-06-04Sold$80,000

For Sale by Agent

AgentSari Antle A Larson
BrokerageUnited Real Estate Bluegrass

Similar Homes