1262 Village Drive, Lexington, KY 40504

$1,458,000
Property Type: Residential Income Square Footage: 40,320 Lot Size (sq. ft.): 99,752 Status: Closed
Current Price: $1,458,000 List Date: 8/01/2017 Last Modified: 8/26/2025

Overview

Description

(54) 1 bedroom 1 bathroom units located on Village Drive. The listing is comprised of (3) 18 unit buildings - 1262, 1274, and 1304 Village Drive, Lexington, KY 40504. The owners have renovated most of the interiors. Utilities are paid by the owners but a cap on usage has been implemented for new tenants. The property can be purchased as a package with 2027 Cummins Court.

Listing Details MLS# 1717618

Listing Information

Property Sub Type
Apartment

Status Change Information

Price Change Timestamp
2018-01-25T16:42:59Z
Status Change Timestamp
2018-01-25
Purchase Contract Date
2017-09-12
Close Date
2017-12-20
Close Price
1458000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
NA

Address

County
Fayette
Street Number
1262
Street Name
Village
Street Suffix
Drive
State
KY
Zip Code
40504
Directions
Head west on Versailles Road. Turn right on Village Drive. The buildings will be on your right.
Parcel Number
13478002

Contract

Original List Price
1512000
Start Showing Date
2017-08-01
Listing Contract Date
2017-08-01
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/Acre
660262.01
List Price/SqFt
37.5
Sold Price/Acre
636681.22
Sold Price/SqFt
36.16
SP/LP
0.96

Tax Legal

MLS Area Major
004 - Fayette County SW
Subdivision Name
Cardinal Valley

Interior

Living Area
40320
Bathrooms Half
0

More Information

Building

Year Built
1970

Lot

Lot Size Acres
2.29
Lot Size Square Feet
99752.49

Remarks

Public Remarks
(54) 1 bedroom 1 bathroom units located on Village Drive. The listing is comprised of (3) 18 unit buildings - 1262, 1274, and 1304 Village Drive, Lexington, KY 40504. The owners have renovated most of the interiors. Utilities are paid by the owners but a cap on usage has been implemented for new tenants. The property can be purchased as a package with 2027 Cummins Court.

Tax & Legal

Zoning Description
R-3 Planned NBHD Residential

Special Listing Conditions

Standard
Yes

Structure Type

Multi Family
Yes

Property Features

Special Listing Conditions: Standard Structure Type: Multi Family
Listing Office: Silvestri Real Estate, LLC
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.
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