$519,000
$220K PRICE INCREASE

340 Somerset St Stanford, KY 40484

Estimated payment $2,918/month

Total Views 3,348
4 Beds
2 Baths
3,766 Sq Ft
$138 Price per Sq Ft

Highlights

  • In Ground Pool
  • 12.64 Acre Lot
  • Main Floor Bedroom
  • View of Trees or Woods
  • Wood Flooring
  • Attic

About This Home

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

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $516

Year Built

  • Built in 1860

Lot Details

  • 12.64 Acre Lot

Property Views

  • Woods
  • Farm
  • Rural

Home Design

  • Stone Foundation
  • Dimensional Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3,766 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Two Story Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Bonus Room
  • Utility Room
  • Washer and Electric Dryer Hookup
  • Wood Flooring
  • Unfinished Basement
  • Partial Basement
  • Attic

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Parking

  • Driveway
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool

Outdoor Features

  • Patio
  • Storage Shed
  • Porch

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 051-06-07-002.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$516

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Year Built: 1860
  • Above Grade Finished Sq Ft: 3766.0
  • 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
  • General Property Description:Waterfront: No
  • Utilities:Electricity2: Electricity Connected
  • Utilities Sewer: Sewer Connected
  • Water: Water Connected
  • Structure Type:House: Yes
  • Stories:Two2: Yes
  • Roof:Dimensional Style: Yes
  • Basement: Yes
  • Flooring:Hardwood: Yes
  • Attic:Attic YN: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Laundry Features:Washer Hookup: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Utilities:Natural Gas3: Natural Gas Connected
  • Appliances Refrigerators: Yes
  • Pool Features:Pool YN: Yes
  • View:Rural: Yes
  • View:Trees: Yes
  • Roof:Metal3: Yes
  • Other Structures:Storage Shed: Yes
  • View:Farm: Yes
  • Foundation Details:Stone3: Yes
  • Pool Features:In Ground: Yes
  • Cooling:Window Unit(s): Yes
  • General Property Description:Finished Area Total: 3766.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Gas Water Heater, Dishwasher, Range, Refrigerator
  • Interior Amenities: Entrance Foyer - 2 Story, Eat-in Kitchen, Dining Area, Bedroom First Floor, Entrance Foyer, Ceiling Fan(s)
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Partial, Unfinished
  • Basement: Yes
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Lot Size Area: 12.64
  • Basement:Unfinished2: Yes
  • Fireplace Features:Fireplace YN: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Entrance Foyer - 2 Story: Yes
  • Interior Features:Dining Area2: Yes
  • Interior Features:Eat-in Kitchen2: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Bedroom First Floor: Yes
  • Basement:Partial: Yes
  • General Property Description:_pound_ of Primary Bedrooms: 1
  • Rooms:_pound_ of Bedrooms2: 3

Exterior Features

  • Exterior Features: Patio
  • Roof: Dimensional Style, Metal
  • Construction Materials: Vinyl Siding
  • Foundation Details: Stone
  • List Price: 519000.0
  • Other Structures: Storage Shed
  • Patio And Porch Features: Porch
  • Pool Features: In Ground
  • Pool Private: Yes
  • View: Farm, Rural, Trees
  • Exterior Features:Patio3: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Exterior Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Carport: No
  • Garage: No
  • Parking Features: Off Street, Driveway
  • Garage Features:Garage YN: No
  • Carport Features:Carport YN: No
  • Parking Features:Off Street2: Yes
  • Parking Features:Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Size Acres: 12.64
  • Lot Size Sq Ft: 550424.0
  • Parcel Number: 051-06-07-002.00

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

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Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25013250

ImagineMLS (Bluegrass REALTORS®)

APN: 051-06-07-002.00