241 Shady Lane, Lexington, KY 40503 (MLS# 1718791)

241 Shady Lane, Lexington, KY 40503

$830,000

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 4,738 Lot Size (sq. ft.): 12,197 Status: Closed

Current Price: $830,000 List Date: 8/16/2017 Last Modified: 8/28/2025

Overview

Description

This exquisite 3-story home backs up to the Arboretum, fully updated that rivals any home in Lexington! Tucked away in the appealing Tahoma Terrace neighborhood, mature trees, and spectacular view and peace of the Arboretum. Colonial home maintains the charm of a historic home has been totally remodeled with all modern amenities; gourmet kitchen with Carrera marble, stainless appliances, gas range. With a feel of the finest resort, Master suite is light and airy, a fireplace to enjoy, a spacious en suite with great natural light, large Jacuzzi, huge walk in closet with hers/his sides. Travertine and slate tile in other baths, gleaming hardwood, tall ceilings, 2nd floor screened overlooking the Arboretum. Third floor has steam bath, space for game room and/or office. Newly finished two room basement with bar & wine room that holds 200 bottles with TV entertainment area, and separate gaming room. The basement has exterior door access to the lower patio area for entertaining.

Listing Details MLS# 1718791

Listing Information

Property Sub Type: Single Family Residence

Status Change Information

Price Change Timestamp: 2017-10-06T10:30:22Z
Status Change Timestamp: 2017-10-06
Purchase Contract Date: 2017-08-30
Close Date: 2017-10-03
Close Price: 830000
Buyer Financing: Conventional
Sale Type: Arms Length Sale
Concessions Comments: none

Address

County: Fayette
Street Number: 241
Street Name: Shady
Street Suffix: Lane
State: KY
Zip Code: 40503
Directions: Nicholasville Rd, inbound, past southland Dr., right onto Shady Lane, home on the right
Parcel Number: 26314950

Contract

Original List Price: 875000
Start Showing Date: 2017-08-16
Listing Contract Date: 2017-08-16
Listing Agreement: Exclusive Right To Sell
Occupant Type: Occupied
Office Exclusive YN: No
List Price/SqFt: 184.68
Sold Price/SqFt: 175.18
SP/LP: 0.95

Tax Legal

MLS Area Major: 003 - Fayette County SE
Subdivision Name: Tahoma Terrace
High School District: Fayette County - 1

Interior

Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 4
Above Grade Finished Area: 3738
Below Grade Finished Area: 1000
Below Grade Unfinished Area: 460
Living Area: 4738
Basement YN: Yes
Fireplace YN: Yes
Bathrooms Half: 0
Above Grade Unfinished Area: 0

More Information

Parking Information

Garage YN: Yes
Garage Spaces: 2

Building

Year Built: 1939

Lot

Lot Size Acres: 0.28
Lot Size Square Feet: 12196.81
Waterfront YN: No

Utilities

Cooling YN: Yes
Heating YN: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Remarks

Public Remarks: This exquisite 3-story home backs up to the Arboretum, fully updated that rivals any home in Lexington! Tucked away in the appealing Tahoma Terrace neighborhood, mature trees, and spectacular view and peace of the Arboretum. Colonial home maintains the charm of a historic home has been totally remodeled with all modern amenities; gourmet kitchen with Carrera marble, stainless appliances, gas range. With a feel of the finest resort, Master suite is light and airy, a fireplace to enjoy, a spacious en suite with great natural light, large Jacuzzi, huge walk in closet with hers/his sides. Travertine and slate tile in other baths, gleaming hardwood, tall ceilings, 2nd floor screened overlooking the Arboretum. Third floor has steam bath, space for game room and/or office. Newly finished two room basement with bar & wine room that holds 200 bottles with TV entertainment area, and separate gaming room. The basement has exterior door access to the lower patio area for entertaining.

Showing Information

Showing Instructions: please schedule through Showing Assist, prefer 24 hour notice

Room Types

Bathroom 1 Level: First
Bedroom 1 Level: First
Dining Room Level: First
Family Room Level: First
Kitchen Level: First
Living Room Level: First
Office Level: Second
Primary Bedroom Level: Second
Recreation Room Level: Third
Utility Room Level: Lower
Bathroom 1: Yes
Bedroom 1: Yes
Dining Room: Yes
Family Room: Yes
Kitchen: Yes
Living Room: Yes
Office: Yes
Primary Bedroom: Yes
Recreation Room: Yes
Utility Room: Yes

Currently Not Used

List Price/Acre: 3125000

Tax & Legal

Elementary School: Glendover
Middle Or Junior School: Morton
High School: Lafayette
Tax Rate: 1.2082

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Attic Features

Partially Finished: Yes
Walk-In Attic: Yes

Basement

Full: Yes
Partially Finished: Yes
Walk-Up Access: Yes

Community Features

Park: Yes

Construction Materials

Brick Veneer: Yes

Cooling

Zoned: Yes

Exterior Features

Storm Door(s): Yes

Fencing

Partial: Yes

Fireplace Features

Gas Starter: Yes
Living Room: Yes
Masonry: Yes
Primary Bedroom: Yes

Flooring

Concrete: Yes
Hardwood: Yes
Marble: Yes
Slate: Yes
Tile: Yes
Other: Yes

Foundation Details

Stone: Yes

Heating

Forced Air: Yes
Natural Gas: Yes
Zoned: Yes

Interior Features

Ceiling Fan(s): Yes
Walk-In Closet(s): Yes

Laundry Features

Electric Dryer Hookup: Yes
Gas Dryer Hookup: Yes
Washer Hookup: Yes

Levels

Three Or More: Yes

Lot Features

Many Trees: Yes
Wooded: Yes

Parking Features

Detached Garage: Yes

Patio And Porch Features

Deck: Yes
Patio: Yes

Possession

Close Of Escrow: Yes

Roof

Dimensional Style: Yes

Security Features

Security System Owned: Yes

Sewer

Public Sewer: Yes

Water Heater

Gas: Yes

Water Source

Public: Yes

Window Features

Insulated Windows: Yes
Window Treatments: Yes

Showing Requirements

Showing Service: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Electricity Connected; Natural Gas Connected Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Attic Features: Partially Finished; Walk-In Attic Basement: Full; Partially Finished; Walk-Up Access Community Features: Park Construction Materials: Brick Veneer Cooling: Zoned Exterior Features: Storm Door(s) Fencing: Partial Fireplace Features: Gas Starter; Living Room; Masonry; Primary Bedroom Flooring: Concrete; Hardwood; Marble; Slate; Tile; Other Foundation Details: Stone Heating: Forced Air; Natural Gas; Zoned Interior Features: Ceiling Fan(s); Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Levels: Three Or More Lot Features: Many Trees; Wooded Parking Features: Detached Garage Patio And Porch Features: Deck; Patio Possession: Close Of Escrow Roof: Dimensional Style Security Features: Security System Owned Sewer: Public Sewer Water Heater: Gas Water Source: Public Window Features: Insulated Windows; Window Treatments Showing Requirements: Showing Service Room Types: Bathroom 1; Bedroom 1; Dining Room; Family Room; Kitchen; Living Room; Office; Primary Bedroom; Recreation Room; Utility Room

Room Information

Room Name
Bathroom 1
Bedroom 1
Dining Room
Family Room
Office
Kitchen
Living Room
Primary Bedroom
Recreation Room
Utility Room

Listing Office: Keller Williams Bluegrass Realty

Last Updated: August - 28 - 2025

Information deemed reliable but not guaranteed.