For sale

$240,000

507 Freeman Dr, Lexington, KY 40505

2beds

1,557sqft

$1,582/mo

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Single Family Residence

Built in 1952

0.28 Acres Lot

$239,200 Zestimate^®

$154/sqft

$-- HOA

What's special

Large detached garageBrick and vinyl exteriorComfortable living spaceNice yard

Welcome home to this well-maintained 2-bedroom, 2-full-bath brick home offering comfortable living space and plenty of room for storage, hobbies, or entertaining. The home features an addition on the back, providing extra flexibility and two family rooms for relaxing or gathering with family and friends. Situated on a 0.284-acre lot, the property offers a nice yard along with a large detached garage that provides excellent space for vehicles, a workshop, storage, or recreational equipment. Location is a major plus, with the home conveniently located just ½ mile from Interstate 75, making commuting and travel a breeze while still providing the comfort of a residential setting. With its brick and vinyl exterior, two full bathrooms, multiple living areas, spacious detached garage, and convenient interstate access, this property offers a great combination of comfort, space, and location. Everything in the home and garages come with the purchase of the home.

4 days
472
21

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Level: First

Bedroom 1

Level: First

Bathroom 1

Level: First

Bathroom 2

Level: Lower

Dining room

Level: First

Family room

Level: Lower

Kitchen

Level: First

Living room

Level: First

Utility room

Level: Lower

Heating

Other

Cooling

Ceiling Fan(s), Electric

Appliances

Included: Dryer, Gas Range, Microwave, Refrigerator, Washer, Oven
Laundry: Lower Level

Features

Ceiling Fan(s)
Flooring: Carpet, Hardwood, Laminate, Vinyl
Doors: Storm Door(s)
Windows: Blinds
Basement: Crawl Space
Number of fireplaces: 2
Fireplace features: Electric, Gas Log

Interior area

Total structure area: 1,557
Total interior livable area: 1,557 sqft
Finished area above ground: 1,557
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Detached Garage, Driveway
Garage spaces: 2
Has uncovered spaces: Yes

Features

Levels: One and One Half
Exterior features: Outdoor Grill, Other
Fencing: Chain Link

Lot

Size: 0.28 Acres
Features: Few Trees

Details

Additional structures: Shed(s)
Parcel number: 20008600

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Vinyl Siding, Brick
Foundation: Block
Roof: Shingle

Condition

Year built: 1952

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected

Community & HOA

Community

Subdivision: Thoroughbred Acres

HOA

Has HOA: No

Location

Region: Lexington

Financial & listing details

Price per square foot: $154/sqft
Tax assessed value: $182,100
Annual tax amount: $1,645
Date on market: 8/27/2026

Estimated market value

$239,200

$227,000 - $251,000

$1,964/mo

Price history

Date	Event	Price
8/27/2026	Listed for sale	$240,000+966.7%$154/sqft
Source: Imagine MLS #26023408 Report a problem
10/21/1974	Sold	$22,500$14/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,645 -2%	$182,100
2024	$1,678	$182,100
2023	$1,678 -7.2%	$182,100
2022	$1,809 +100.3%	$182,100 +63.8%
2021	$903 -1.7%	$111,200
2020	$918	$111,200
2019	$918 -2.3%	$111,200
2018	$940 +30.9%	$111,200 +15.1%
2017	$718 -13.7%	$96,600
2015	$833	$96,600 +59.4%
2014	$833	$60,600 -44.1%
2012	$833	$108,360
2011	--	--
2010	--	--
2009	--	--
2008	--	$77,000
2006	--	--
2005	--	--
2004	--	--