Lexington South Carolina Lexington County 2 Bedroom 2 Bathroom Townhouse Corner Lot Fenced Backyard Private Patio 1-Car Garage $200K-$400K Gates Commons Level Lot Renovated Homecoin.com

CompCasa valuation analysis

Estimated market value

$237,500

Low $230,000 · Midpoint $237,500 · High $245,000

Confidence85%Sales comparison approach

Last recorded sale$225,000Feb 23, 2024

Assessed value$8,4602024 assessment

CompCasa estimate$237,500Mar 8, 2026

Estimate vs. last recorded sale+$12,500 / +5.6%

$230,000$237,500 midpoint$245,000

Price / sq ft$177

Median sale price$250,000

Avg days on market35 days

Inventory2.5 months

Sales comparison approach using 3 comparable sales within 1 mile sold in last 6 months. Adjusted for renovation quality, lot size, and bedroom count. Assessed value of $8,460 appears below market.

About the property

Renovated Corner-Lot Townhouse with Private Backyard Near Downtown

The first thing that catches your eye at 116 Gates Circle is the corner-lot advantage — wider sight lines, a private side yard and a fenced backyard that feel more like a small single-family home than a typical townhouse. Inside, 1,340 square feet have been thoughtfully updated: luxury vinyl plank floors extend under high ceilings finished with crown molding, modern LED fixtures brighten living spaces, and a gas fireplace anchors the main room for casual evenings.

Recent renovations are practical and modern. Both bathrooms show contemporary upgrades including smart toilets/bidets and LED smart mirrors; finishes are crisp, neutral and intentionally low-maintenance. The floorplan supports everyday living and entertaining — open living and dining areas flow to a private patio through a sliding door, creating an immediate indoor-outdoor connection that expands usable space in warmer months. A one-car attached garage and a two-car driveway provide flexible parking for guests and owners.

This home was built in 2007 and has been maintained to a high standard; paint, flooring and lighting updates mean minimal near-term work for the next owner. The corner position gives extra privacy and a larger yard footprint compared with many units in Gates Commons — a meaningful perk for buyers who value outdoor space or gardeners who want room for planters and lawn. The layout feels intentionally livable for professionals, downsizers, or investors seeking a turnkey rental with proven demand in the area.

Location is a practical highlight. You're roughly one mile from Old Mill Pond Trail for walks and biking, under three miles to Lexington Medical Center, and less than a mile from Lexington Square shopping and restaurants. River Bluff High School (rated 9/10) serves the area, with Lakeside Middle (7/10) and Lexington Elementary (4/10) also in the district. Comparable recent sales in Gates Commons place fair market value between $230K–$245K, and this unit reflects those competitive market conditions while offering the added benefit of a corner lot and updated systems. With a low-maintenance interior and private outdoor space, 116 Gates Circle is ready for immediate occupancy or rental deployment.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$240,000

Property address120 Gates Cir, Lexington, SC 29072

2 bed2 bath1,333 sq ftBuilt 20070.1 mi4,800 sq ft lot$180/SF

Sold Dec 15, 2025

Subject difference

7 SF smaller
Similar lot size
Same year built

Research comparison noteSimilar townhouse, updated interior, slightly larger lot

02Sold price$235,000

Property address112 Gates Cir, Lexington, SC 29072

2 bed2 bath1,340 sq ftBuilt 20070.05 mi4,790 sq ft lot$175/SF

Sold Nov 20, 2025

Subject difference

Same living area
Similar lot size
Same year built

Research comparison noteComparable unit with similar updates and lot size

03Sold price$245,000

Property address118 Gates Cir, Lexington, SC 29072

2 bed2 bath1,340 sq ftBuilt 20070.15 mi4,800 sq ft lot$183/SF

Sold Oct 30, 2025

Subject difference

Same living area
Similar lot size
Same year built

Research comparison noteEnd unit with additional windows, similar interior updates

Comp methodology: Focused on townhouses within Gates Commons sold or leased in the last 6 months for maximum relevance

Property details

A 2007 townhouse on 0.11 acres.

Building

Year built2007

ConstructionWood Frame

RoofAsphalt Shingle

Heatinggas

Coolingcentral AC

Site & utilities

Lot size0.11 acres

Garage1-car attached

Stories1

ConditionExcellent

BasementNone

FireplaceYes

Improvement notes2 bedrooms, 2 bathrooms, luxury vinyl plank flooring, high ceilings, crown molding, modern LED lighting, smart toilets/bidets, LED smart mirrors, private patio, fenced backyard

Lot area4,791 sq ft

TopographyLevel

FrontageFrontage on Gates Circle

ParkingAttached Garage And Driveway

Parking spaces3

Parking notes1-car attached garage plus 2-car driveway

AccessStandard residential driveway from Gates Circle

WaterCommunity

SewerCommunity

ElectricDominion Energy

GasDominion Energy

Location & nearby

Gates Commons

Researched nearby locations

Old Mill Pond Trail (1.0 mi)

Lexington Medical Center (2.5 mi)

Lexington County Museum (1.2 mi)

Lexington Square Shopping Center (0.8 mi)

Location

116 Gates Cir, Lexington, SC 29072

View map

View in Google Maps

Editorial neighborhood context

Gates Commons offers a convenient, small-community feel with quick access to downtown Lexington amenities. Local favorites include Lexington Square’s shops and restaurants, while Old Mill Pond Trail (about one mile away) provides easy outdoor recreation. The neighborhood is well located for commutes via Two Notch Road and is close to Lexington Medical Center. Families and professionals appreciate the blend of suburban calm with nearby retail, trails and essential services.

Nearby access summary

Excellent access to outdoor recreation with Old Mill Pond Trail about 1 mile away, neighborhood green spaces for daily walks, and nearby parks and community recreation facilities for biking and outdoor fitness.

ElementaryLexington Elementary School (4/10)

Middle schoolLakeside Middle School (7/10)

High schoolRiver Bluff High School (9/10)

School districtLexington County School District One

Market context

A factual market snapshot around 116 Gates Cir.

Median sale price$250,000

Avg days on market35 days

Inventory2.5 months

1-year appreciation5.0%

5-year appreciation25.0%

Editorial market perspective

Lexington’s market is currently balanced with a slight tilt toward sellers in well-priced, move-in-ready segments. Inventory sits around 2.5 months — low enough that well-presented homes typically attract activity quickly — and the local median sale price registers near $250,000. Homes in this corridor average roughly 35 days on market, indicating steady demand without frenzied bidding. Recent comparable townhouse sales in Gates Commons closed between $230,000 and $245,000 in the last six months, supporting a midpoint valuation near $237,500 ($177/SF) for an updated 2BR/2BA unit like 116 Gates Circle.

Single-family-style townhouses in this pocket perform reliably: buyers prize outdoor space, updated finishes and proximity to downtown Lexington. Rental demand is also strong — estimated rent around $1,500/month yields a gross return near 7.5% — so this property appeals to both owner-occupants and investors. Key timing considerations: limited inventory and steady year-over-year appreciation (approx. 5% one-year, 25% over five years) make now a reasonable time for sellers to list and buyers to move decisively when properties are updated and priced at market. Still, verify system ages (roof, HVAC) and HOA details during due diligence to avoid surprises.

Zoning & land use

Medium-Density Residential

Zoning

Zoning codeR-2

DescriptionMedium-Density Residential

JurisdictionTown of Lexington

Assessor useResidential - Single Family

Current useResidential

SetbacksFront 25', side 5', rear 20'

Research-indicated uses

Single Family
Townhouse

Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.

Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$1,800

Assessed improvements$6,660

Total assessed$8,460

Assessment year2024

Annual property tax$1,525

Tax year2024

Sale history

2024-02-23$225,000 · $168/SF

Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$1,500/mo

Property address124 Gates Cir, Lexington, SC 29072

2 bed2 bath1,340 sq ft$1.12/SF

Leased Sep 1, 2025

Subject difference

Same living area

Research comparison noteSimilar townhouse, updated interior, leased quickly

02Monthly rent$1,450/mo

Property address110 Gates Cir, Lexington, SC 29072

2 bed2 bath1,340 sq ft$1.08/SF

Leased Aug 15, 2025

Subject difference

Same living area

Research comparison noteComparable unit with standard finishes, strong demand

Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

County assessor shows 2024 purchase at $225,000 ($168/SF) — current estimate $237,500 ($177/SF)
Assessed value $8,460 (land $1,800, improvements $6,660) — annual taxes $1,525
Zoned R-2 allowing single-family and townhouse use
Comparable sales within 1 mile in last 6 months range $230K–$245K
Average days on market in Lexington: 35 days (balanced market)

Still worth verifying

Routine buyer due diligence items; these are not known defects.

Confirm roof and HVAC system age and condition
Verify HOA regulations and fees
Review school zone assignments and ratings
Professional home inspection

Highlights & features

What stands out about this property.

01Move-in ready

02Recently renovated interiors

03Private patio and fenced backyard

04Smart bathroom fixtures (toilets/bidets, LED mirrors)

051-car attached garage + 2-car driveway

06Corner lot for added privacy

07Gas fireplace and high ceilings

Interior Features

2 bedrooms, 2 bathrooms
1,340 SF of living space
Luxury vinyl plank flooring
High ceilings with crown molding
Modern LED lighting throughout
Upgraded bathrooms with smart toilets/bidets and LED smart mirrors
Gas fireplace

Exterior & Lot

Corner lot (0.11 acres / 4,791 SF)
Private patio
Fenced backyard
1-car attached garage
2-car driveway plus street parking
Level topography

Location & Neighborhood

Gates Commons neighborhood
Approximately 1 mile to Old Mill Pond Trail
0.8 miles to Lexington Square shopping
Approximately 2.5 miles to Lexington Medical Center
Convenient access to Two Notch Road for commuting

Walkability & Recreation

Walkability Rating: 45/100 — Some errands on foot; car recommended for most daily tasks
Old Mill Pond Trail (1.0 mi) for walking and biking
Neighborhood green spaces and nearby parks
Local shopping and dining within 1 mile
Running/walking paths and community recreation facilities within short drive

Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence

Redfin listing for 116 Gates CirView source

Lexington County Assessor's OfficeView source

Lexington County Property Tax Data SearchView source

Lexington County Register of DeedsView source

Town of Lexington Zoning OrdinanceView source

Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.