247 N Mill Street, Lexington, KY 40507 (MLS# 1616079)

247 N Mill Street, Lexington, KY 40507

$875,000

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,587 Lot Size (sq. ft.): 6,970 Status: Closed

Current Price: $875,000 List Date: 7/21/2016 Last Modified: 8/27/2025

Overview

Description

Original acquisition cost and renovation expenditures exceed current asking price. Complete and meticulous restoration with only the finest materials and finishes. A rare opportunity to own an amazing home overlooking historic Gratz Park ! This home fits today's lifestyle and decor while respecting it's significant historic past. Redesigned open floor plan on the first level features a formal living room and dining room , family room and chefs kitchen with top of the line appliances, custom cabinets and granite counter tops. The second floor hosts the master bedroom suite , two additional bedrooms, bath and laundry room. The third level could be a fourth bedroom or den with its own full bath. The first and second floor screened porches were enlarged and rebuilt with mahogany flooring. Capital improvements include new electrical service, new copper plumbing, new slate roof and 2 new hi-efficiency HVAC systems. Complete list of renovations available upon request.

Listing Details MLS# 1616079

Listing Information

Property Sub Type: Single Family Residence

Status Change Information

Price Change Timestamp: 2017-03-24T17:08:26Z
Status Change Timestamp: 2017-03-24
Purchase Contract Date: 2017-02-20
Close Date: 2017-03-24
Close Price: 875000
Buyer Financing: Cash
Sale Type: Arms Length Sale
Concessions Comments: n/a

Address

County: Fayette
Street Number: 247
Street Direction Prefix: N
Street Name: Mill
Street Suffix: Street
State: KY
Zip Code: 40507
Directions: Limestone to left on West Third Street. Turn left on North Mill. North Mill is a one way street, located in front of Transylvania University.
Parcel Number: 11467800
Tax District: Yes

Contract

Original List Price: 979900
Start Showing Date: 2016-07-20
Listing Contract Date: 2016-07-20
Listing Agreement: Exclusive Right To Sell
Office Exclusive YN: No
List Price/SqFt: 264.82
Sold Price/SqFt: 243.94
SP/LP: 0.92

Tax Legal

MLS Area Major: 001 - Fayette County NW
Subdivision Name: Downtown
High School District: Fayette County - 1

Interior

Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Above Grade Finished Area: 3587
Below Grade Unfinished Area: 1564
Living Area: 3587
Basement YN: Yes
Fireplace YN: Yes
Above Grade Unfinished Area: 0

More Information

Parking Information

Garage YN: Yes
Garage Spaces: Yes

Building

Year Built: 1900

Lot

Lot Size Source: Assessor
Lot Size Acres: 0.16
Lot Size Square Feet: 6969.61
Waterfront YN: No

Utilities

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

Remarks

Public Remarks: Original acquisition cost and renovation expenditures exceed current asking price. Complete and meticulous restoration with only the finest materials and finishes. A rare opportunity to own an amazing home overlooking historic Gratz Park ! This home fits today's lifestyle and decor while respecting it's significant historic past. Redesigned open floor plan on the first level features a formal living room and dining room , family room and chefs kitchen with top of the line appliances, custom cabinets and granite counter tops. The second floor hosts the master bedroom suite , two additional bedrooms, bath and laundry room. The third level could be a fourth bedroom or den with its own full bath. The first and second floor screened porches were enlarged and rebuilt with mahogany flooring. Capital improvements include new electrical service, new copper plumbing, new slate roof and 2 new hi-efficiency HVAC systems. Complete list of renovations available upon request.

Room Types

Bathroom 1 Level: Second
Bathroom 2 Level: First
Bedroom 1 Level: Second
Dining Room Level: First
Family Room Level: First
Foyer Level: First
Kitchen Level: First
Living Room Level: First
Primary Bedroom Level: Second
Utility Room Level: Second
Bathroom 1: Yes
Bathroom 2: Yes
Bedroom 1: Yes
Dining Room: Yes
Family Room: Yes
Foyer: Yes
Kitchen: Yes
Living Room: Yes
Primary Bedroom: Yes
Utility Room: Yes

Currently Not Used

List Price/Acre: 5936875

Tax & Legal

Elementary School: Harrison
Middle Or Junior School: Lexington Trad
High School: Lafayette
Tax Rate: 1.2075
Design Review District YN: Yes
Inside New Circle Road YN: Yes

Association/Community

Association Mandatory YN: No
Association Fee: 100
Association Fee Frequency: Annually

Appliances

Cooktop: Yes
Dishwasher: Yes
Double Oven: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Attic Features

Finished: Yes
Permanent Stairs: Yes

Basement

Full: Yes
Unfinished: Yes
Walk-Up Access: Yes

Community Features

Park: Yes
Tennis Court(s): Yes

Construction Materials

Solid Masonry: Yes

Cooling

Electric: Yes
Heat Pump: Yes

Exterior Features

Storm Door(s): Yes

Fencing

Privacy: Yes
Wood: Yes

Fireplace Features

Family Room: Yes
Gas Log: Yes
Living Room: Yes
Masonry: Yes
Primary Bedroom: Yes
Ventless: Yes

Flooring

Hardwood: Yes

Foundation Details

Stone: Yes

Heating

Dual Fuel: Yes
Electric: Yes
Forced Air: Yes
Heat Pump: Yes
Natural Gas: Yes

Interior Features

Ceiling Fan(s): Yes
Eat-in Kitchen: Yes
Entrance Foyer: Yes
Walk-In Closet(s): Yes

Laundry Features

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

Levels

Two: Yes

Lot Features

Many Trees: Yes

Parking Features

Detached Garage: Yes
Garage Faces Rear: Yes
Off Street: Yes

Patio And Porch Features

Patio: Yes

Possession

Close Of Escrow: Yes

Roof

Slate: Yes

Security Features

Security System Owned: Yes

Sewer

Public Sewer: Yes

Water Heater

Gas: Yes

Water Source

Public: Yes

Window Features

Screens: Yes
Storm Window(s): Yes

Showing Requirements

Call Listing Agent: Yes
Call Listing Office: Yes
Listing Agent Must Accompany: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Electricity Connected; Natural Gas Connected Appliances: Cooktop; Dishwasher; Double Oven; Dryer; Microwave; Range; Refrigerator; Washer Attic Features: Finished; Permanent Stairs Basement: Full; Unfinished; Walk-Up Access Community Features: Park; Tennis Court(s) Construction Materials: Solid Masonry Cooling: Electric; Heat Pump Exterior Features: Storm Door(s) Fencing: Privacy; Wood Fireplace Features: Family Room; Gas Log; Living Room; Masonry; Primary Bedroom; Ventless Flooring: Hardwood Foundation Details: Stone Heating: Dual Fuel; Electric; Forced Air; Heat Pump; Natural Gas Interior Features: Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Levels: Two Lot Features: Many Trees Parking Features: Detached Garage; Garage Faces Rear; Off Street Patio And Porch Features: Patio Possession: Close Of Escrow Roof: Slate Security Features: Security System Owned Sewer: Public Sewer Water Heater: Gas Water Source: Public Window Features: Screens; Storm Window(s) Showing Requirements: Call Listing Agent; Call Listing Office; Listing Agent Must Accompany Room Types: Bathroom 1; Bathroom 2; Bedroom 1; Dining Room; Family Room; Foyer; Kitchen; Living Room; Primary Bedroom; Utility Room

Room Information

Room Name
Bathroom 1
Bathroom 2
Bedroom 1
Dining Room
Family Room
Foyer
Kitchen
Living Room
Primary Bedroom
Utility Room

Listing Office: Bluegrass Sotheby's International Realty

Last Updated: August - 27 - 2025

Information deemed reliable but not guaranteed.