Listing provided courtesy of ERA Select Real Estate- MLS# 26014992MLS Provider

1981 Favell CourtLexington, KY 40503

Single Family · 4 Beds · 2 Full Baths · 1 Half Bath · 2,152 Sq. ft. | 0.27 Acres
$425,000 Active

1981 Favell Court Overview

Time on Site:
5 days
Visits:
2

Some opportunities are defined by their potential. Others by their setting. This home offers both. Perfectly positioned in sought-after Grasmere, this tri-level enjoys one of the neighborhood's most coveted views—overlooking a picturesque four-board fenced horse farm, a setting that rarely becomes available, especially at this price point. Lovingly cared for by the same owners for decades, the home reflects years of pride in ownership. While many buyers may choose to update the kitchen and baths over time, there's no need to tackle everything at once. Stainless steel appliances have already been updated, the home has been well maintained, and it's comfortable and move-in ready from day one. The versatile tri-level floor plan offers multiple living spaces, generous room sizes, and an in-ground pool, creating plenty of room to relax, entertain, and make memories for years to come. Some features can be renovated. A setting like this cannot. If you've been waiting for the chance to own a home with an extraordinary view in one of the area's most established neighborhoods, this is an opportunity worth seeing.

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1981 Favell Court Facts & Features

  • Type Single Family
  • Sq. ft. 2,152
  • Price/Sq.ft. $197
  • Lot 0.27 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: Stonewall
  • Middle Or Junior School: Jessie Clark
  • High School: Lafayette

Building Information

  • Year Built: 1976

Location/Region

  • County Or Parish: Fayette
  • MLS Area Major: 004 - Fayette County SW
  • MLS Area Minor: 004 - Fayette County SW
  • Subdivision Name: Grasmere

General Information

  • Parcel Number: 26166688
  • Property Sub Type: Single Family Residence
  • Property Type: Residential

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: true

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 4

Building Interior

  • Above Grade Finished Area: 1458.0
  • Below Grade Finished Area: 694.0
  • Building Area Total: 2152.0

General Information

  • Appliances: Dishwasher,Microwave,Refrigerator,Range
  • Fireplace Features: Family Room
  • Fireplace: true
  • Fireplaces Total: 1
  • Flooring: Carpet,Ceramic Tile,Hardwood
  • Foundation Details: Block
  • Interior Features: Breakfast Bar,Eat-in Kitchen,Ceiling Fan(s)
  • Laundry Features: Electric Dryer Hookup,Washer Hookup
  • Levels: Three Or More,Multi/Split
  • Living Area: 2152.0
  • Living Area Source: Appraiser
  • Rooms Total: 12

Exterior

Parking Information

  • Parking Features: Attached Garage,Driveway,Garage Door Opener

Lot Information

  • Lot Features: Landscaped,Few Trees
  • Lot Size Acres: 0.267
  • Lot Size Area: 0.27
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 11622.0
  • Lot Size Units: Acres
  • Water Source: Public

Waterfront/View

  • Waterfront: false

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Brick Veneer,Wood Siding
  • Roof: Dimensional Style

General Information

  • Carport: false
  • Fencing: Privacy,Wood
  • Horse: false
  • Pool Features: In Ground
  • Pool Private: true
  • Sewer: Public Sewer

1981 Favell Court Neighborhood

Community

40503 (Lexington) Demographics

38
Median Age
3,264
Population Density (per sq. mile)
61%
College Educated
$64,054
Estimated Median Income
8,024
Estimated Total Home Owners
4,290
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1981 Favell Court Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1981 Favell Court Market Data

Based on the last 30 days in this zip code

$430,480
Average List Price
$214
Average Price per Square Foot
32
Properties Sold
49
Average Days on Market
77
Properties for Sale
Calculations provided by Reliance Network

1981 Favell Court History

Date Event Value Agent
6/28/2026Source: Imagine MLS/Bluegrass Price Reduction
$425,000 -5.3%
6/25/2026Source: Imagine MLS/Bluegrass Added to Database
June 25, 2026