$519,000

340 Somerset St Stanford, KY 40484

Estimated payment $2,918/month

Total Views 3,693
13 Acres
$41,060 Price per Acre
550,598 Sq Ft Lot

Highlights

  • Very Popular Property
  • View of Trees or Woods
  • Wood Flooring
  • In Ground Pool
  • 12.64 Acre Lot
  • Bonus Room

About This Lot

Second Empire Italianate home near historic downtown Stanford on 12.636 acres, including approx. 5 acres of commercial land with road frontage on US 27 South. Spanning 3,744 sq ft, this two-story residence showcases 19th-century craftsmanship—soaring ceilings, crown molding, tall doors, and timeless details throughout. Features 4 large bedrooms, 2 full baths, a grand foyer with impressive staircase, spacious family room, formal dining room, and a charming front parlor. The backyard is a private retreat with a 10' x 40' heated in-ground pool, tennis court, and screened-in back porch. Mature trees provide shade and seclusion, while the inviting front porch exudes Southern charm. This rare property offers historic elegance with land for expansion, development, or investment. Don't miss the opportunity to own a piece of local history with commercial potential.

Listing Agent

Rachael Parsons

Cornerstone Realty & Auction License #261175 Listed on: 07/04/2025

Co-Listing Agent

Deonica Asbery

Cornerstone Realty & Auction License #262947

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $516

Year Built

  • Built in 1860

Lot Details

  • 12.64 Acre Lot
  • Level Lot

Property Views

  • Woods
  • Farm
  • Rural

Interior Spaces

  • 3,766 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Bonus Room
  • Utility Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Stanford Elementary School
  • Lincoln Co Middle School
  • Not Applicable Middle School
  • Lincoln Co High School

Utilities

  • Forced Air Heating System

Community Details

Overview

  • Downtown Subdivision

Recreation

  • In Ground Pool

Property Details

Property Type

Land

Est. Annual Taxes

$516

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub-Type: Farm
  • Structure Type: House
  • Year Built: 1860
  • Levels: Two
  • Location Tax Legal Info:Elementary School: Stanford
  • Location Tax Legal Info:Middle or Junior School: Lincoln Co
  • Location Tax Legal Info:High School: Lincoln Co
  • Location Tax Legal Info:Intermediate School: Not Applicable
  • Contract Info:On Market Date: 2025-07-04
  • General Property Description:Lot Size Acres: 12.636
  • General Property Description:Above Grade Finished Area: 3766.0
  • Structure Type:House: Yes
  • Stories:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • View:Rural: Yes
  • View:Trees: Yes
  • General Property Description:Approximate Living Area: 3766.0
  • View:Farm: Yes
  • Topography:Level: Yes
  • Topography:Gently Rolling: Yes
  • Main Residence Features:Foyer3: Yes
  • Main Residence Features:Hardwood Floors: Yes
  • Main Residence Features:Inground Pool2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • LivingArea: 3766.0
  • Lot Size Area: 12.64
  • Possible Use: Recreation, Horses, Cattle, Crops, Pasture, Residential, Commercial
  • Main Residence Features:Dining Room4: Yes
  • Main Residence Features:Family Room4: Yes

Exterior Features

  • List Price: 519000.0
  • View: Farm, Rural, Trees

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas2: Yes

Schools

  • Elementary School: Stanford
  • High School: Lincoln Co
  • Middle or Junior School: Lincoln Co

Lot Info

  • Topography: Level, Gently Rolling
  • Current Use: Pasture
  • Lot Size Acres: 12.64
  • Lot Size Sq Ft: 550424.0

Map

Range of Values:

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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 $516 $100,000 $10,000 $90,000
2023 $521 $100,000 $10,000 $90,000
2022 $579 $100,000 $10,000 $90,000
2021 $593 $100,000 $0 $0
2020 $446 $83,000 $0 $0
2019 $451 $83,000 $0 $0
2018 $464 $83,000 $0 $0
2017 -- $83,000 $0 $0
2016 $462 $83,000 $0 $0
2015 $686 $83,000 $0 $0
2012 $686 $83,000 $7,000 $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/04/2025 07/04/25 For Sale $299,000 -42.4% $79 / Sq Ft
07/04/2025 07/04/25 For Sale $519,000 -- $138 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed $19,333 None Listed On Document
Deed $210,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $61,974 Unknown
Source: Public Records

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25013253

ImagineMLS (Bluegrass REALTORS®)

APN: 051-06-07-002.00