316 W Second Street, Lexington, KY 40507
$1,060,000
Property Type:
Residential
Bedrooms:
4
Baths:
4
Square Footage:
4,389
Lot Size (sq. ft.):
5,227
Status:
Closed
Current Price:
$1,060,000
List Date:
4/10/2021
Last Modified:
8/28/2025
Overview
Description
Listing Details MLS# 20106396
Listing Information
- Property Sub Type
- Single Family Residence
Status Change Information
- Price Change Timestamp
- 2021-06-19T23:31:01Z
- Status Change Timestamp
- 2021-08-12
- Purchase Contract Date
- 2021-07-16
- Close Date
- 2021-08-12
- Close Price
- 1060000
- Buyer Financing
- Cash
- Sale Type
- Estate Sale
- Concessions Comments
- No
Address
- County
- Fayette
- Street Number
- 316
- Street Direction Prefix
- W
- Street Name
- Second
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40507
- Directions
- From N. Limestone: left on West Second Street. Property on left, just across from Gratz Park.
- Parcel Number
- 13574800
- Tax District
- 01
Contract
- Original List Price
- 1250000
- Start Showing Date
- 2021-04-10
- Listing Contract Date
- 2021-04-10
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- List Price/SqFt
- 271.13
- Sold Price/SqFt
- 241.51
- SP/LP
- 0.89
Tax Legal
- MLS Area Major
- 002 - Fayette County NE
- Subdivision Name
- Downtown
- High School District
- Fayette County - 1
Interior
- Bedrooms Total
- 4
- Bathrooms Total
- 4
- Bathrooms Full
- 4
- Above Grade Finished Area
- 4389
- Living Area
- 4389
- Basement YN
- No
- Fireplace YN
- Yes
- Bathrooms Half
- 0
- Above Grade Unfinished Area
- 0
More Information
Parking Information
- Garage YN
- Yes
- Garage Spaces
- 2
- Carport YN
- No
Building
- Year Built
- 2004
- Accessibility Features YN
- Yes
Lot
- Lot Size Source
- Assessor
- Lot Size Acres
- 0.12
- Lot Size Square Feet
- 5227.2
- Waterfront YN
- No
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Remarks
- Public Remarks
- Pettit Place, at 316 West Second Street, is a classic yet modern urban residence wholly unique in the market. Opposite historic Gratz Park, steps away from Lexington's CBD and only minutes driving from Keeneland, Fasig-Tipton and the KY Horse Park, this offering is a downtown gem. Designed by acclaimed Lexington architect Van Meter Pettit for his father and constructed in 2004 by Greg Martelli using select and creatively-sourced materials. The distinctive veranda-graced façade features antique brick, mahogany, and cedar. The airy floorplan (@4389sft) is enhanced by dramatic tall ceilings, abundant natural light, and a synergy of outdoor spaces and thoughtful privacy. Features include 4BR/4BA, luxurious kitchen and baths, elevator, first-floor primary bedroom, laundry room, porches for relaxation & entertaining, a spacious landscaped courtyard with fountain & a secured two-car garage. Zoned B2B. We are pleased to provide a detailed prospectus and to arrange a guided tour upon request.
Room Types
- Bathroom 1 Level
- First
- Bedroom 1 Level
- Second
- Dining Room Level
- First
- Foyer Level
- First
- Kitchen Level
- First
- Living Room Level
- First
- Office Level
- Second
- Primary Bedroom Level
- First
- Utility Room Level
- First
- Bathroom 1
- Yes
- Bedroom 1
- Yes
- Dining Room
- Yes
- Foyer
- Yes
- Kitchen
- Yes
- Living Room
- Yes
- Office
- Yes
- Primary Bedroom
- Yes
- Utility Room
- Yes
Currently Not Used
- List Price/Acre
- 9916666.67
Tax & Legal
- Elementary School
- Harrison
- Middle Or Junior School
- Lexington Trad
- High School
- Lafayette
- Tax Rate
- 1.2777
- Inside New Circle Road YN
- Yes
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Washer
- Yes
Community Features
- Park
- Yes
Construction Materials
- Solid Masonry
- Yes
Cooling
- Electric
- Yes
Fencing
- Privacy
- Yes
Fireplace Features
- Gas Starter
- Yes
- Living Room
- Yes
- Masonry
- Yes
- Primary Bedroom
- Yes
Flooring
- Carpet
- Yes
- Hardwood
- Yes
- Tile
- Yes
Foundation Details
- Block
- Yes
Heating
- Electric
- Yes
- Forced Air
- Yes
- Natural Gas
- Yes
- Zoned
- Yes
Interior Features
- Eat-in Kitchen
- Yes
- Elevator
- Yes
- Entrance Foyer
- Yes
- Primary First Floor
- Yes
- Soaking Tub
- Yes
- Walk-In Closet(s)
- Yes
- Wet Bar
- Yes
Levels
- Two
- Yes
Lot Features
- Many Trees
- Yes
Parking Features
- Attached Garage
- Yes
- Garage Door Opener
- Yes
- Garage Faces Rear
- Yes
- Garage Faces Side
- Yes
Patio And Porch Features
- Patio
- Yes
Possession
- Negotiable
- Yes
Roof
- Metal
- Yes
Sewer
- Public Sewer
- Yes
Water Heater
- Tankless
- Yes
Water Source
- Public
- Yes
Showing Requirements
- Call Listing Agent
- Yes
- Listing Agent Must Accompany
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Electricity Connected; Natural Gas Connected
Appliances:
Dishwasher; Dryer; Range; Refrigerator; Washer
Community Features:
Park
Construction Materials:
Solid Masonry
Cooling:
Electric
Fencing:
Privacy
Fireplace Features:
Gas Starter; Living Room; Masonry; Primary Bedroom
Flooring:
Carpet; Hardwood; Tile
Foundation Details:
Block
Heating:
Electric; Forced Air; Natural Gas; Zoned
Interior Features:
Eat-in Kitchen; Elevator; Entrance Foyer; Primary First Floor; Soaking Tub; Walk-In Closet(s); Wet Bar
Levels:
Two
Lot Features:
Many Trees
Parking Features:
Attached Garage; Garage Door Opener; Garage Faces Rear; Garage Faces Side
Patio And Porch Features:
Patio
Possession:
Negotiable
Roof:
Metal
Sewer:
Public Sewer
Water Heater:
Tankless
Water Source:
Public
Showing Requirements:
Call Listing Agent; Listing Agent Must Accompany
Room Types:
Bathroom 1; Bedroom 1; Dining Room; Foyer; Kitchen; Living Room; Office; Primary Bedroom; Utility Room
Room Information
| Room Name |
|---|
| Bathroom 1 |
| Bedroom 1 |
| Dining Room |
| Foyer |
| Office |
| Kitchen |
| Living Room |
| Primary Bedroom |
| Utility Room |
Listing Office:
Kirkpatrick & Company
Last Updated: August - 28 - 2025
Information deemed reliable but not guaranteed.