316 W Second Street, Lexington, KY 40507 (MLS# 20106396)

316 W Second Street, Lexington, KY 40507

$1,060,000

Virtual Tour

https://my.matterport.com/show/?m=uCqMnWyu5Xu&mls=1

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
Concessions Comments: No

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
Bathrooms Half: 0
Above Grade Unfinished Area: 0

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
Electricity Connected: Yes
Natural Gas Connected: 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
Bathroom 1: Yes
Bedroom 1: Yes
Dining Room: Yes
Foyer: Yes
Kitchen: Yes
Living Room: Yes
Office: Yes
Primary Bedroom: Yes
Utility Room: Yes

Currently Not Used

List Price/Acre: 9916666.67

Tax & Legal

Elementary School: Harrison
Middle Or Junior School: Lexington Trad
High School: Lafayette
Tax Rate: 1.2777
Inside New Circle Road YN: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Community Features

Park: Yes

Construction Materials

Solid Masonry: Yes

Cooling

Electric: Yes

Fencing

Privacy: Yes

Fireplace Features

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

Flooring

Carpet: Yes
Hardwood: Yes
Tile: Yes

Foundation Details

Block: Yes

Heating

Electric: Yes
Forced Air: Yes
Natural Gas: Yes
Zoned: Yes

Interior Features

Eat-in Kitchen: Yes
Elevator: Yes
Entrance Foyer: Yes
Primary First Floor: Yes
Soaking Tub: Yes
Walk-In Closet(s): Yes
Wet Bar: Yes

Levels

Two: Yes

Lot Features

Many Trees: Yes

Parking Features

Attached Garage: Yes
Garage Door Opener: Yes
Garage Faces Rear: Yes
Garage Faces Side: Yes

Patio And Porch Features

Patio: Yes

Possession

Negotiable: Yes

Roof

Metal: Yes

Sewer

Public Sewer: Yes

Water Heater

Tankless: Yes

Water Source

Public: Yes

Showing Requirements

Call Listing Agent: Yes
Listing Agent Must Accompany: Yes

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.