481 Severn Way, Lexington, KY 40503

$335,000
Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,190 Lot Size (sq. ft.): 9,200 Status: Active
Current Price: $335,000 List Date: 8/14/2026 Last Modified: 8/14/2026

Overview

Description

For the first time since it was built in 1974, this one-owner Open Gates home is ready for its next chapter! Located in one of Lexington's most convenient established neighborhoods, you'll have quick access to Nicholasville Road, Harrodsburg Road, downtown Lexington and the University of Kentucky. The split-foyer design provides comfortable living space across both levels. Upstairs, the living room flows into the dining area, where glass doors extend the space onto the rear deck overlooking the fenced backyard. Three bedrooms and a full bath complete the main level, while downstairs offers a second gathering space anchored by a brick fireplace with gas logs. A fourth bedroom and full bath add flexibility for guests, a home office or additional living space, with the utility room and oversized one-car garage rounding out the lower level. This is a home with the space, layout and location to become something special. Bring your ideas, choose the finishes and make the updates that fit y ...

Listing Details MLS# 26021990

Listing Information

Comp Sale YN
No
Property Sub Type
Single Family Residence

Status Change Information

Status Change Timestamp
2026-08-14

Address

County
Fayette
Street Number
481
Street Name
Severn
Street Suffix
Way
State
KY
Zip Code
40503
Zip +4
2855
Directions
From Pasadena Dr, turn onto Stone Rd. Take first right onto Westerfield Way. Take first right onto Severn Way. Home is on the right.
Parcel Number
10547400
Tax District
Yes

Contract

Original List Price
335000
Start Showing Date
2026-08-14
Listing Contract Date
2026-08-05
Listing Agreement
Exclusive Right To Sell
Occupant Type
Occupied
Office Exclusive YN
No
List Price/SqFt
152.97

Tax Legal

MLS Area Major
004 - Fayette County SW
Subdivision Name
Open Gates
High School District
Fayette County - 1

Interior

Bedrooms Total
4
Bathrooms Total
2
Bathrooms Full
2
Above Grade Finished Area
1332
Below Grade Finished Area
858
Below Grade Unfinished Area
390
Living Area
2190
Living Area Source
Public Records
Basement YN
Yes
Fireplace YN
Yes
Fireplaces Total
Yes

More Information

Parking Information

Garage YN
Yes
Garage Spaces
Yes
Carport YN
No

Building

Year Built
1974
Home Warranty YN
No
Accessibility Features YN
No

Lot

Lot Size Source
Public Records
Lot Size Acres
0.211
Lot Size Square Feet
9200
Pool Private YN
No
Waterfront YN
No
Water Body Access YN
No

Utilities

Cooling YN
Yes
Heating YN
Yes

Remarks

Public Remarks
For the first time since it was built in 1974, this one-owner Open Gates home is ready for its next chapter! Located in one of Lexington's most convenient established neighborhoods, you'll have quick access to Nicholasville Road, Harrodsburg Road, downtown Lexington and the University of Kentucky. The split-foyer design provides comfortable living space across both levels. Upstairs, the living room flows into the dining area, where glass doors extend the space onto the rear deck overlooking the fenced backyard. Three bedrooms and a full bath complete the main level, while downstairs offers a second gathering space anchored by a brick fireplace with gas logs. A fourth bedroom and full bath add flexibility for guests, a home office or additional living space, with the utility room and oversized one-car garage rounding out the lower level. This is a home with the space, layout and location to become something special. Bring your ideas, choose the finishes and make the updates that fit your style rather than paying for someone else's choices. With a fenced backyard, four-bedroom, two-bath layout and a sought-after Open Gates location, the foundation is here. Now it's ready for someone with a vision to make it their own.

Amenity Fee Details

Amenity Fee YN
No

Showing Information

Showing Instructions
Use Showing Time

Room Types

Bathroom 1 Level
First
Bathroom 2 Level
Lower
Bedroom 2 Level
First
Bedroom 3 Level
First
Bedroom 4 Level
Lower
Dining Room Level
First
Family Room Level
Lower
Foyer Level
First
Kitchen Level
First
Living Room Level
First
Primary Bedroom Level
First
Utility Room Level
Lower

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Appliances: Dishwasher; Microwave; Range; Refrigerator Architectural Style: Raised Ranch; Split Level Basement: Full; Partially Finished Construction Materials: Brick Veneer Cooling: Electric; Heat Pump Fencing: Chain Link; Wood Fireplace Features: Family Room; Gas Log; Masonry Flooring: Hardwood; Vinyl; Other Foundation Details: Block Heating: Electric; Heat Pump Interior Features: Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer Laundry Features: Electric Dryer Hookup; Lower Level; Washer Hookup Levels: Multi/Split Lot Features: Few Trees Parking Features: Attached Garage; Basement; Driveway; Garage Faces Front Patio And Porch Details: Front Porch Patio And Porch Features: Deck; Porch Possession: Close Plus 2 Days Roof: Shingle Sewer: Public Sewer Structure Type: House Water Heater: Electric Water Source: Public Window Features: Blinds Showing Requirements: Showing Service Room Types: Bathroom 1; Bathroom 2; Bedroom 2; Bedroom 3; Bedroom 4; Dining Room; Family Room; Foyer; Kitchen; Living Room; Primary Bedroom; Utility Room

Room Information

Room Name Level
Foyer First
Living Room First
Kitchen First
Dining Room First
Primary Bedroom First
Bathroom 1 First
Bedroom 2 First
Bedroom 3 First
Family Room Lower
Bedroom 4 Lower
Bathroom 2 Lower
Utility Room Lower

Documents

Listing Office: Real Broker, LLC - Lexington
Last Updated: August - 14 - 2026
Information deemed reliable but not guaranteed.
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