733 Richmond Road Loop 1 Lancaster, KY 40444
Estimated payment $4,015/month
Highlights
- Guest House
- Horses Allowed On Property
- Views of a Farm
- Converted Barn or Barndominium
- 27.3 Acre Lot
- Living Room with Fireplace
About This Home
TWO Homes on 27 Acres! Multi-Generational Living, Airbnb Income Potential & Homesteading Ready! Rare opportunity to own 27 acres with TWO fully renovated homes, perfect for multi-generational families, investors, homesteaders, or anyone seeking rental or Airbnb income. The main home is a beautifully updated 1,350 sq. ft. all-brick ranch on a full basement, featuring luxury vinyl plank flooring, an upgraded kitchen with stainless steel appliances, and modern tiled bathrooms. The second home, a 1,554 sq. ft. Barndominium, offers an airy open layout with premium countertops, soft-close cabinetry, abundant storage, and a 30x37 attached garage/shop—ideal for hobbies, vehicles, or additional workspace. Together the homes offer 5 bedrooms, 4 full bathrooms, 2 kitchens, and 2 laundry rooms, providing endless options for multi-family living, long-term rentals, short-term rentals, or dual-residence income. The land is set up for homesteading and farm potential, featuring a 40x30 metal shop, 45x45 barn, two natural springs, and extensive fencing that's perfect for cattle, horses, or small livestock. With 27 acres of usable land, this property offers privacy, recreation, and room to grow. Whether you're dreaming of a family compound, an income-producing Airbnb property, or your own Kentucky homestead, this one checks every box. Properties with this combination of land, updates, and versatility rarely come available!
Home Details
Home Type
- Single Family
Year Built
- Built in 1973
Lot Details
- 27.3 Acre Lot
- Vinyl Fence
- Wood Fence
- Wire Fence
Parking
- 4 Car Attached Garage
- Rear-Facing Garage
- Driveway
Property Views
- Farm
- Rural
Home Design
- Ranch Style House
- Brick Veneer
- Block Foundation
- Metal Roof
- Metal Siding
Interior Spaces
- 2,934 Sq Ft Home
- Ceiling Fan
- Wood Burning Fireplace
- Insulated Windows
- Insulated Doors
- Living Room with Fireplace
- 2 Fireplaces
- Workshop
- First Floor Utility Room
- Utility Room
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Oven
- Cooktop
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
Flooring
- Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- Bathroom on Main Level
- 4 Full Bathrooms
- Soaking Tub
Laundry
- Laundry Room
- Laundry on main level
- Dryer
Attic
- Attic Fan
- Pull Down Stairs to Attic
Unfinished Basement
- Sump Pump
- Fireplace in Basement
Outdoor Features
- Covered Patio or Porch
- Shed
Additional Homes
- Guest House
Schools
- Lancaster Elementary School
- Garrard Co Middle School
- Garrard Co High School
Farming
- Converted Barn or Barndominium
- Pasture
Horse Facilities and Amenities
- Horses Allowed On Property
- Hay Storage
Utilities
- Central Air
- Air Source Heat Pump
- Radiant Heating System
- Electric Water Heater
- Septic Tank
Community Details
- No Home Owners Association
- Rural Subdivision
Listing and Financial Details
- Assessor Parcel Number 34A04018 and 3539.01
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 |
|---|---|---|---|---|
| 2025 | $2,954 | $150,000 | $25,000 | $125,000 |
| 2024 | $2,954 | $150,000 | $25,000 | $125,000 |
| 2023 | $2,998 | $146,500 | $25,000 | $121,500 |
| 2022 | $1,391 | $146,500 | $25,000 | $121,500 |
| 2021 | $1,420 | $146,500 | $25,000 | $121,500 |
| 2020 | $1,430 | $146,500 | $25,000 | $121,500 |
| 2019 | $685 | $100,000 | $25,000 | $75,000 |
| 2018 | $704 | $100,000 | $25,000 | $75,000 |
| 2017 | $702 | $100,000 | $25,000 | $75,000 |
| 2016 | $697 | $100,000 | $25,000 | $75,000 |
| 2012 | $1,077 | $100,000 | $25,000 | $75,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/05/2025 12/05/25 | For Sale | $725,000 | +172.0% | $247 / Sq Ft | |
| 02/15/2019 02/15/19 | Sold | $266,500 | 0.0% | $196 / Sq Ft | View Prior Sale |
| 09/26/2018 09/26/18 | Pending | -- | -- | -- | |
| 08/14/2018 08/14/18 | For Sale | $266,500 | -- | $196 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25507467
APN: 34A-04-018
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