$78,900

1027 Morris Dr Richmond, KY 40475

Estimated payment $429/month

Total Views 11,523
2.56 Acres
$30,820 Price per Acre
111,514 Sq Ft Lot

About This Lot

2.56 Acre Walkout Basement Lot - Northern Madison County, KY
Discover the perfect setting for your dream home on this 2.56-acre residential lot, ideally located in Northern Madison County with convenient access to Lexington, Winchester, and Richmond. This property has been partially cleared, making way for a home site while preserving a beautiful wooded backdrop for privacy. The gently sloping terrain is ideal for a walkout basement design, and the lot is spacious enough to accommodate both a home and a detached garage if desired. The rear of the property backs up to existing homes, and numerous new builds are taking shape just across the road, adding to the area's appeal. Offered at a price well below market value for the location, this lot presents an exceptional opportunity to build in a desirable, growing community.

Listing Agent

Carla Treadway

Keller Williams Legacy Group License #297376 Listed on: 03/17/2025

Keller Williams Legacy Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $120

Lot Details

  • 2.56 Acre Lot

Property Views

  • Woods
  • Neighborhood

Schools

  • Boonesboro Elementary School
  • Michael Caudill Middle School
  • Not Applicable Middle School
  • Madison Central High School

Community Details

  • Ashwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0051-0002-0087

Property Details

Property Type

Land

Est. Annual Taxes

$120

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub-Type: Lot
  • Location Tax Legal Info:Elementary School: Boonesboro
  • Location Tax Legal Info:Middle or Junior School: Michael Caudill
  • Location Tax Legal Info:High School: Madison Central
  • Location Tax Legal Info:Intermediate School: Not Applicable
  • Contract Info:On Market Date: 2025-03-17
  • General Property Description:Lot Size Acres: 2.56
  • View:Neighborhood: Yes
  • View:Trees: Yes
  • Present Use Potential Use: Residential
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Lot Size Area: 2.56
  • Possible Use: Residential

Exterior Features

  • List Price: 78900.0
  • View: Neighborhood, Trees

Schools

  • Elementary School: Boonesboro
  • High School: Madison Central
  • Middle or Junior School: Michael Caudill

Lot Info

  • Current Use: Other
  • Lot Size Acres: 2.56
  • Lot Size Sq Ft: 111514.0
  • Parcel Number: 0051-0002-0087

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $120 $12,500 $0 $0
2023 $121 $12,500 $0 $0
2022 $122 $12,500 $0 $0
2021 $124 $12,500 $0 $0
2020 $126 $12,500 $0 $0
2019 $127 $12,500 $0 $0
2018 $127 $12,500 $0 $0
2017 $126 $12,500 $0 $0
2016 $125 $12,500 $0 $0
2015 -- $12,500 $0 $0
2014 -- $12,500 $0 $0
2012 -- $12,500 $12,500 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2025 03/17/25 For Sale $78,900 -- --
Source: ImagineMLS (Bluegrass REALTORS®)

Mortgage History

Date Status Loan Amount Loan Type
Closed $18,750 New Conventional
Source: Public Records

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25005037

ImagineMLS (Bluegrass REALTORS®)

APN: 0051-0002-0087