1027 Morris Dr Richmond, KY 40475
Estimated payment $429/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
03/17/2025 03/17/25 | For Sale | $78,900 | -- | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Closed | $18,750 | New Conventional |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25005037

APN: 0051-0002-0087
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