Plantation Subdivision Lexington, Kentucky

By
Real Estate Agent with WEICHERT Realtors--Bluegrass Living

 

Plantation Subdivision in Lexington, KY is a small community on the south end of Fayette County Kentucky.  The neighborhood has a surprisingly high variety of homes styles throughout the neighborhood.  Homes here were first built in the mid to late 1970’s and the subdivision was finished out in the early to mid 1990’s.  While this is an unusually long build out period, it has provided a varied and unique looking neighborhood.

Plantation Subdivision is built in a circular pattern with the main road bisecting the neighborhood into two fairly unique areas.  Forsythe Drive is the road that encircles the bulk of the neighborhood.  It also has the most homes built on this main road.  Gladman Way is the road that bisects Forsythe and is the only road the enters or exits the neighborhood. The lower half appears to be the original starting point for homes being built in the neighborhood.  Most of these homes were built in the late 1970’s, starting around 1976.  A popular floor plan during this time was the split level, bi-level, or split foyer (depending on how you like to state it) home.  Traditionally when you enter these homes you have the option of either walking up the steps to the main floor or walking down the steps to the lower level which is usually partially below grade level.  There are a few other floor plans on this side including ranches, tri-levels, and a maybe one or two 2 story homes.  The upper half is a mix of anything built from the 1970’s to the 1990’s.  As you would expect you find a number of the homes in the split level floor plans.  However, you find a high number of homes built in the more modern and traditional floor plans of the 1990’s like the 2 story homes with a traditional staircase connecting the first floor to the second floor.

The effects of such a unique neighborhood in Plantation Subdivision are reflected in both the active and sold prices for the last six months.  Active listings for the area range from a 3 bedroom 2 bath ranch on 1,805 square feet for $154,999 to a 4 bedroom 3 full bath and 1 half bath, 2 story home on a full basement with 3,114 square feet of living space for $249,900.  There have been 5 homes to sell in the neighborhood in the last 6 months.  The low price of $118,000 is somewhat of an anomaly in the fact that it was a dated interior and this is the first time the home has traded hands since 1977.  This home has since been rehabbed and placed back on the market.  It is currently pending.  The highest selling comparable in the area was a 4 bedroom 2 full bath and 1 half bath, 2 story home on 2,438 square feet that sold for $230,000.

Plantation Subdivision in Lexington KY has become a very popular subdivision in the last few years because the price per square foot is below the traditional $100 per square foot of most areas of Southwest Lexington Ky.  This has allowed do it yourselfers to come in and update this older neighborhood and improve the value of homes.  If you are looking for a quaint little community that is close to a lot of churches, restaurants, shopping, and parks; this is a place worth spending an afternoon viewing homes.

 

Comments (2)

Mark Rubley
Rockford IL Real Estate Team Leader serving all of the North Central Illinois Stateline Area. Listing Specialist. - Rockford, IL
Rockford Realtor,Rockford Il Real Estate Home Team

well written, nice read. thx, mark and karen rockford, il

Feb 07, 2011 04:10 PM
Wade Mattingly
WEICHERT Realtors--Bluegrass Living - Lexington, KY

Thanks, Mark.  My first public blog.  I really wanted to do soooo much more but decided it is about just getting something published for now.  I can work on the pretty as I get better.

Feb 08, 2011 05:12 AM