$5,688 Closing Credit¹
#25006622, Listing Office: Keller Williams Bluegrass Realty
$475,000 List price
316 Merino St Lexington, KY 40508
$5,641
Closing credit¹
3 beds
3 full
0.07 acres
House
Property details
About 316 Merino St
**Charming Historic 2-Unit Home in Prime Downtown Lexington Location**Don't miss out on this beautifully renovated historic home, built in 1893, just 100 yards from Rupp Arena and perfectly situated in the heart of downtown Lexington. With vibrant restaurants, cafes, entertainment, and the farmer's market only steps away, this is the ultimate location for city living.This property offers incredible potential--whether you're looking to offset your mortgage, invest in a high-demand rental property, or create a private suite for family or guests. The home is divided into two stylish, modern apartments:- **Unit 1**: A spacious 2-bedroom, 2-bathroom apartment with 1,350 square feet of luxury. Featuring an open-concept shower, sleek granite countertops, exposed brick gas fireplace, and a stunning oversized tub and shower, this unit offers both comfort and elegance.- **Unit 2**: A cozy 1-bedroom, 1-bathroom apartment with 800 square feet of beautifully finished space. Enjoy privacy with your own back entrance and a large wood deck--perfect for relaxation or entertaining.Whether you're seeking an investment opportunity or a downtown retreat, this property has it all!
Highlights
Home typeSingle Family Residence
HeatingElectric
StatusAccepting Backup Offers
(Contingent)
(Contingent)
CoolingElectric
Lot size0.0749 Acres
Year built1910
MLS #25006868
Summary
- Full Bathrooms: 3
- Flooring Type: Hardwood, Laminate
- Total Bedroom Count: 3
- Heating: Electric
- Cooling: Electric
- List Price: $475,000
- Annual Tax Amount: $3,697
- Tax Year: 2023
- Directions: Right on Athens Boonesboro Rd, left on S Broadway, right soon W High St, left on Madison Pl, left on W Maxwell St, left on Merion property on your right.
- Year Built: 1910
- Stories: 1
- Lot Size: 0.0749 Acres
- MLS Number: 25006868
- Office Name: Keller Williams Commonwealth
- Office Phone: (859) 721-2121
- Office Email: bosmith62@gmail.com
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/8/2025, 5:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$475,000
316 Merino St
$5,641
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 08, 2017 | Home Sold | $299,000 |
| Jun 30, 2010 | Home Sold | $125,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $299,000 | $3,697 |
| 2022 | $299,000 | $3,819 |
| 2021 | $299,000 | $3,819 |
| 2019 | $299,000 | $3,819 |
| 2018 | $299,000 | $3,819 |
History based on county public records data.
Nearby schools
3
Harrison Elementary School
Public District PK-5
0.3 mi
•161 Bruce St
7
Maxwell Spanish Immersion Elementary School
Public Magnet KG-5
1.1 mi
•301 Woodland Ave
3
Booker T. Washington Elementary School
Public District PK-5
1.4 mi
•707 Howard St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,692. Most Lexington, KY residents have annual incomes less than $<35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
63%
<35k
26%
35k-100k
8%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
86%
Single, No Kids
2%
Single, with Kids
10%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
1%
12-17 yrs old
26%
18-34 yrs old
45%
35-64 yrs old
24%
65+ yrs old
What do the neighbors do for fun?
Soccer
Continuing Education Courses
Yoga/pilates
Where do the neighbors shop?
Forever 21
Express/Express For Men
H&M
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Starbucks
What do the neighbors drive?
Mazda
Volkswagen
Audi
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary- Alternative
All data provided by Home Junction and Claritas
Similar homes for sale
$5,343 Closing Credit¹
#25006259, Listing Office: Bluegrass Sotheby's International Realty
8 hours on Rocket
$5,046 Closing Credit¹
#25009527, Listing Office: Bluegrass Sotheby's International Realty
$7,113 Closing Credit¹
#25008315, Listing Office: Keller Williams Bluegrass Realty
$5,213 Closing Credit¹
#25001950, Listing Office: Keller Williams Bluegrass Realty
Backup offers
$4,097 Closing Credit¹
#25006430, Listing Office: Keller Williams Commonwealth
6 days on RocketBackup offers
$3,739 Closing Credit¹
#25009049, Listing Office: GSP Homes
$3,384 Closing Credit¹
#25008151, Listing Office: Keller Williams Bluegrass Realty
Backup offers
$3,266 Closing Credit¹
#25004143, Listing Office: The Brokerage
$9,499 Closing Credit¹
#25008003, Listing Office: Lifstyl Real Estate
Frequently asked questions
About 316 Merino St
The listing price of 316 Merino St property is $475,000.
The property 316 Merino St is a house located in Lexington, Kentucky, 40508.
Accepting Backup Offers: 316 Merino St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 316 Merino St are: Harrison Elementary School (GreatSchools Rating 3/10), Maxwell Spanish Immersion Elementary School (GreatSchools Rating 7/10), Booker T. Washington Elementary School (GreatSchools Rating 3/10), Lexington Traditional Magnet School (GreatSchools Rating 2/10), Scapa at Bluegrass (GreatSchools Rating 8/10), Morton Middle School (GreatSchools Rating 6/10), Steam Academy (GreatSchools Rating 8/10), Fayette County Learning Center (GreatSchools Rating 2/10), Opportunity Middle College (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $3,697 (source: MLS/based on county public records data).
The last sale was on September 8, 2017 for $299,000 (source: MLS/tax record).
The property at 316 Merino St has 3 bedrooms and 3 bathrooms.
The year of construction for 316 Merino St is 1910.
This home is located at 316 Merino St in Lexington, KY and zip code 40508 in the District 3 neighborhood. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 8, 2025 and is currently priced at $475,000.
Over 70 listings were sold over their listed price in April 2025 in Lexington, KY. In the same period over 126 listings were sold below the listed price and 72 listings were sold for the listed price. The number of listings in Lexington, KY increased by 16.1% between March and April 2025. In April 2025, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $329,143.
From Rocket Homes Real Estate and based on county public records data.