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

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.

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

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

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

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

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.