Backup offers
$6,828 Closing Credit¹
#25003098, Listing Office: Bluegrass Sotheby's International Realty
$629,900 List price
705 Melrose Ave Lexington, KY 40502
$7,480
Closing credit¹
4 beds
2 full, 1 partial
0.1 acres
House
Property details
About 705 Melrose Ave
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!
Highlights
Home typeSingle Family Residence
HeatingNatural Gas, Heat Pump
StatusActive
CoolingElectric
BasementYes
Lot size0.1412 Acres
Year built1929
ParkingOff Street, Driveway
MLS #25006782
FireplaceLiving Room, Wood Burning
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Dryer, Oven, Washer, Refrigerator, Dishwasher
- Basement: Yes
- Flooring Type: Hardwood, Slate
- Interior: Dining Area, Primary First Floor, Bedroom First Floor, Walk-In Closet(s), Eat-in Kitchen
- Fireplace: Living Room, Wood Burning
- Total Bedroom Count: 4
- Attached Garage: No
- Parking: Off Street, Driveway
- Exterior: Deck, Storm Door(s), Patio
- Architectural Style: Cape Cod
- Heating: Natural Gas, Heat Pump
- Cooling: Electric
- List Price: $629,900
- Annual Tax Amount: $4,119
- Tax Year: 2023
- Directions: From Tates Creek Road, tun onto Melrose, home is towards the end of the street on the right hand side
- Year Built: 1929
- Stories: 1
- Lot Size: 0.1412 Acres
- MLS Number: 25006782
- Office Name: The Brokerage
- Office Phone: (859) 983-7365
- Office Email: Greg@TheBrokerageKY.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.
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$629,900
705 Melrose Ave
$7,480
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $333,100 | $4,119 |
| 2022 | $298,000 | $3,806 |
| 2021 | $298,000 | $3,806 |
| 2019 | $298,000 | $3,806 |
| 2018 | $259,500 | $3,314 |
History based on county public records data.
Nearby schools
7
Cassidy Elementary School
Public District KG-5
0.3 mi
•1125 Tates Creek Rd
7
Maxwell Spanish Immersion Elementary School
Public Magnet KG-5
0.6 mi
•301 Woodland Ave
7
Ashland Elementary School
Public District KG-5
1.0 mi
•195 N Ashland Ave
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 $67,824. The most common annual income of people living in Lexington, KY is between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
26%
<35k
46%
35k-100k
26%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
61%
Single, No Kids
6%
Single, with Kids
19%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
4%
12-17 yrs old
36%
18-34 yrs old
38%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Yoga/pilates
Skiing/snowboarding
Where do the neighbors shop?
Nordstrom Rack
H&M
Nordstrom
Where do the neighbors go to eat?
Chipotle
Dominos Pizza
California Pizza Kitchen
What do the neighbors drive?
Mazda
Audi
BMW
What do the neighbors listen to?
Rock
Alternative
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 705 Melrose Ave
The listing price of 705 Melrose Ave property is $629,900.
The property 705 Melrose Ave is a house located in Lexington, Kentucky, 40502.
Active Listing: 705 Melrose Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 705 Melrose Ave are: Cassidy Elementary School (GreatSchools Rating 7/10), Maxwell Spanish Immersion Elementary School (GreatSchools Rating 7/10), Ashland Elementary School (GreatSchools Rating 7/10), Morton Middle School (GreatSchools Rating 6/10), Lexington Traditional Magnet School (GreatSchools Rating 2/10), Scapa at Bluegrass (GreatSchools Rating 8/10), Opportunity Middle College (GreatSchools Rating 9/10), Henry Clay High School (GreatSchools Rating 6/10), Lafayette High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $4,119 (source: MLS/based on county public records data).
The property at 705 Melrose Ave has 4 bedrooms and 2 full and 1 half bathrooms.
The year of construction for 705 Melrose Ave is 1929.
This home is located at 705 Melrose Ave in Lexington, KY and zip code 40502 in the District 3 neighborhood. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 10, 2025 and is currently priced at $629,900.
Lexington, KY housing market in April 2025 saw over 70 listings sold above listed price, more than 72 sold at listed price and over 126 sold below. Between March and April 2025, Lexington, KY real estate market has seen increase in the number of listings by 16.1%. Listings spent 24 days on the market in April 2025, and had a median list price of $329,143 during the same period.
From Rocket Homes Real Estate and based on county public records data.