$450,000

344 Lancaster Ave Richmond, KY 40475

Estimated payment $2,624/month

Total Views 822
0.75 Acre
$600,000 Price per Acre
32,670 Sq Ft Lot

About This Lot

In the heart of downtown Richmond, this historic property offers a rare combination of space, location, and potential. Occupying three-fourths of an acre and zoned R-3, the lot is directly across from the 20-acre Irvine McDowell Park and the Eastern Kentucky University campus, creating a truly unique setting. The property offers endless possibilities, whether you envision a distinctive personal residence or an investment opportunity. The original home, built in 1862, spans 3,718 square feet and still stands on the property. Do not miss the chance to own a piece of Richmond's history and bring your vision to life.

Listing Agent

Rusty Underwood

Christies International Real Estate Bluegrass License #217380 Listed on: 08/14/2025

Christies International Real Estate Bluegrass

Co-Listing Agent

Rachel Underwood

Christies International Real Estate Bluegrass License #273830

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,060

Year Built

  • Built in 1862

Lot Details

  • 0.75 Acre Lot
  • Level Lot

Interior Spaces

  • 3,357 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Schools

  • Kit Carson Elementary School
  • Madison Mid Middle School
  • Not Applicable Middle School
  • Madison Central High School

Community Details

  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number R006-0009-0017

Property Details

Property Type

Land

Est. Annual Taxes

$2,060

Year Built

Built in 1862

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub-Type: Lot
  • Structure Type: House
  • Year Built: 1862
  • Levels: Two
  • Location Tax Legal Info:Elementary School: Kit Carson
  • Location Tax Legal Info:Middle or Junior School: Madison Mid
  • Location Tax Legal Info:High School: Madison Central
  • Location Tax Legal Info:Intermediate School: Not Applicable
  • Contract Info:On Market Date: 2025-08-14
  • General Property Description:Lot Size Acres: 0.75
  • Structure Type:House: Yes
  • View:Neighborhood: Yes
  • Stories:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Description:Approximate Living Area: 3357.0
  • Topography:Level: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • LivingArea: 3357.0
  • Lot Size Area: 0.75
  • Possible Use: Other, Residential

Exterior Features

  • List Price: 450000.0
  • View: Neighborhood

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Kit Carson
  • High School: Madison Central
  • Middle or Junior School: Madison Mid

Lot Info

  • Topography: Level
  • Current Use: Other
  • Lot Size Acres: 0.75
  • Lot Size Sq Ft: 32670.0
  • Parcel Number: R006-0009-0017

Map

Range of Values:

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Average Value
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List 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 $2,060 $215,000 $0 $0
2023 $2,086 $215,000 $0 $0
2022 $225 $215,000 $0 $0
2021 $1,729 $215,000 $0 $0
2020 $1,727 $210,000 $0 $0
2019 $1,634 $200,000 $0 $0
2018 $1,650 $200,000 $0 $0
2017 $1,633 $200,000 $0 $0
2016 $1,627 $200,000 $0 $0
2015 $1,587 $163,100 $0 $0
2014 $1,589 $200,000 $0 $0
2012 $1,589 $200,000 $40,000 $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 For Sale $450,000 -- $134 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Purchase History

Date Type Sale Price Title Company
Deed $10,000 None Listed On Document
Source: Public Records

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25018007

ImagineMLS (Bluegrass REALTORS®)

APN: R006-0009-0017