Rare opportunity to own a completely renovated home on Richmond Road. located on the corner of Richmond Rd. and Bassett Avenue directly across from the Henry Clay estate; this 1923 colonial home has been gutted down to the studs and meticulously renovated by Wooddale Partners. Every inch of the interior is brand new. Enter through the front door into a bright and inviting living room with full high window and fireplace looking into the formal dining room with a large triple window and full height window. The large family room is open to the kitchen that has custom handmade inlay cabinetry with built in fridge and dishwasher, 48? gas range, direct ventilation range hood, and large 48? workstation sink looking out onto the covered lanai that features a large gas fireplace, built in grill and fridge. The main level also features a breakfast nook, office, and mud/ laundry room. The primary bedroom has a large walk-in closet with custom built ins and island, sitting room, and beautifully designed bathroom. 3 guest bedrooms are all on suite with built in closets. The property sits on a 1/3 of an acre with a large yard, completely fenced in with room for an in ground pool. The detached 3 car garage is accessed off Bassett avenue with a driveway that fits 9 cars. Book your showing today to see all the fabulous hand selected finishes in person.
Elegant Beauty in the popular Fairway neighborhood! Directly on the beautiful Richmond Rd, this magnificent 3150 sq ft home is situated on a corner lot for easy access. This 1923 estate is a rare gem and boasts 4 large bedrooms, spacious and full of natural light; and 3.5 bathrooms, including a luxurious master bathroom. A formal dining room is perfect for hosting dinners and celebrations. Formal living rooms are elegant and inviting spaces for relaxation and entertaining. A large fenced yard and detached 3-car garage, which are a rarity in downtown Lexington, make this ideal for outdoor activities, gardening, and pets; as well as plenty of space for vehicles and storage. Don't miss this opportunity to own a piece of history in an amazing location. This home is being sold ''as is,'' providing a unique chance to purchase before renovations begin in 2-4 weeks. Act now to make this elegant estate your own and add your personal touch to its timeless beauty.
ImagineMLS #24009311
Jun 28, 2024
Sold
$550,000
$109/sq ft
Jun 3, 2024
Pending
—
May 10, 2024
Listed
$748,000
$148/sq ft
+64
Absolute Auction - LIVE ONSITE WITH ONLINE BIDDING!!! This property is to be sold LIVE ONSITE WITH ONLINE BIDDING on Saturday, June 1, 2024 at 10:00AM. Pre-auction offers are invited under the same auction terms and conditions until a bid has been accepted. Terms & Conditions are as follows: As Is/Non-Contingent/10% earnest money deposit/30 day settlement/10% buyer's premium added to all bids/offers. Visit www.HalfhillAuctions.com for more information. Kristin Halfhill-Larimore, Principal Auctioneer, 859-333-1855 or Jim Halfhill, Principal Auctioneer, 859-338-5764
Year
Property tax
Land + Additions
Assessment*
2026
$8,378 (+91.1%)
2015
$4,384 (+1.5%)
2014
$4,319
Public record
Public record
Zoning
Permits
Beds
4
Baths
3.5
Stories
2
Lot width
73 ft.
Lot depth
—
Lot size
0.33 Acres
Year renovated
—
Finished Sq. Ft.
3,150
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,150
Year built
1923
Style
Single Family Residential
County
Fayette County
APN
12288700
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 21, 2026.
R-1C
Single-Family Residential Zone
The intent of this zone is to provide for low density, single family detached residences and supporting uses. This zone should be located in areas of the community where services and facilities are/will be adequate to serve the anticipated population. This zone should be established in accordance with the Goals, Objectives, Policies, and Development Criteria of the Comprehensive Plan.
Permitted uses
Include but are not limited to:
Housing-Single unit
Park & open space
Apr 30, 2026 • Final
Fence - retaining wall
Grading
Oct 23, 2025 • Active
New residential hvac
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 101° expected this year, 17 days in 30 years
2/10 Wind Factor
3% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Lexington, KY • 40502
Average low and high temperatures (°F)
37
20
48
28
65
40
73
49
74
55
85
65
89
70
86
64
83
58
70
47
57
40
46
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Lexington. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1501 Richmond Rd
$2,090,870
$158K under list price of $2.25M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $607K to $1.8M.