Welcome to one of the cutest homes near campus, just a short walk to the University of Kentucky and William T. Young Library—a perfect spot for students, faculty, or anyone who loves walkable living in the heart of Lexington. This 4-bedroom, 2.5-bath home offers spacious living areas and a bright, oversized kitchen with tons of cabinetry—perfect for cooking, entertaining, or just spreading out. The layout is flexible and smart: three bedrooms on the main level, plus a private upstairs suite that includes one bedroom and an extra living space—perfect for a quiet study nook, media room, or even a fifth bedroom if needed. The backyard has been freshly seeded, offering a blank canvas to make your own outdoor retreat in time for spring. With easy access to campus, the library, coffee shops, restaurants, and more, this home checks all the boxes for comfort, convenience, and charm. Homes like this near UK don't last long—schedule your showing today!
Sold for $569,000
$569,000
705 Melrose Ave, Lexington, KY 40502
4beds
2,238sqft
Single Family Residence
Built in 1929
6,150 Square Feet Lot
$589,300 Zestimate®
$254/sqft
$2,505 Estimated rent
Home value
$589,300
$554,000 - $631,000
$2,505/mo
Zestimate® history
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$3,433/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Erica Sardar 859-552-7146,
The Brokerage
Bought with:
Lifstyl Real Estate
Source: Imagine MLS,MLS#: 25006782
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Heat Pump, Natural Gas
Cooling
- Electric
Appliances
- Included: Dryer, Dishwasher, Refrigerator, Washer, Oven
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Eat-in Kitchen, Master Downstairs, Walk-In Closet(s)
- Flooring: Hardwood, Slate
- Doors: Storm Door(s)
- Windows: Insulated Windows, Skylight(s)
- Basement: Unfinished
- Has fireplace: Yes
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 2,238
- Total interior livable area: 2,238 sqft
- Finished area above ground: 2,238
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Off Street
- Has uncovered spaces: Yes
Features
- Levels: One and One Half
- Patio & porch: Deck, Patio
- Fencing: Partial,Wood
- Has view: Yes
- View description: Suburban
Lot
- Size: 6,150 Square Feet
Details
- Additional structures: Shed(s)
- Parcel number: 11873900
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Brick Veneer
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Hollywood
Location
- Region: Lexington
Financial & listing details
- Price per square foot: $254/sqft
- Tax assessed value: $333,100
- Annual tax amount: $4,119
- Date on market: 4/10/2025
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2025 | Sold | $569,000-5.2%$254/sqft |
Source:  Imagine MLS #25006782 Report a problem | ||
| 6/23/2025 | Pending sale | $599,900$268/sqft |
Source: Imagine MLS #25006782 Report a problem | ||
| 5/29/2025 | Price change | $599,900-3.2%$268/sqft |
Source: Imagine MLS #25006782 Report a problem | ||
| 5/9/2025 | Price change | $619,900-1.6%$277/sqft |
Source: Imagine MLS #25006782 Report a problem | ||
| 4/10/2025 | Listed for sale | $629,900+330.3%$281/sqft |
Source: Imagine MLS #25006782 Report a problem | ||
| 3/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/9/2023 | Listed for rent | $2,295+15%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/29/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/21/2022 | Price change | $1,995-13.1%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/9/2022 | Listed for rent | $2,295$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/30/2003 | Sold | $146,400$65/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,119 | $333,100 |
| 2023 | $4,119 +8.2% | $333,100 +11.8% |
| 2022 | $3,807 | $298,000 |
| 2021 | $3,807 | $298,000 |
| 2020 | $3,807 | $298,000 |
| 2019 | $3,807 +14.8% | $298,000 +14.8% |
| 2018 | $3,315 +4.9% | $259,500 |
| 2017 | $3,159 +26.6% | $259,500 |
| 2015 | $2,496 | $259,500 +16.4% |
| 2014 | $2,496 | $223,000 |
| 2012 | $2,496 | $223,000 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $175,000 |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Neighborhood: Mount Vernon-Hollywood-Montclair
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Nearby schools
GreatSchools rating
- 9/10Cassidy Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Morton Middle SchoolGrades: 6-8Distance: 0.4 mi
- 7/10Henry Clay High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Cassidy
- Middle: Morton
- High: Henry Clay
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$589,300
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$601,086
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