Recently Listed Open House 12/13 12pm - 2pm
733 Richmond Rd Loop 1
Lancaster, KY, 40444 $ 725,000
Bedrooms5 Baths4.0 Sq 2,934 Monthly Estimate*
$ 4,523
for $725,000 with 5 bedrooms and 4 full baths. This 2,934 square foot property was built in 1973 on a lot size of 27.3.
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!
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Open House
12/13/2025 12:00 PM - 2:00 PM
733 Richmond Rd Loop 1 Lancaster, KY
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesInteriorInterior Amenities Breakfast Bar Ceiling Fan(s) Eat-in Kitchen Entrance Foyer Walk-In Closet(s)
Flooring Tile
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 2934.0
Half Baths 0
Total Bedrooms 5
Below Grade Finished Area 0.0
Total Baths 4
Heating-Heat Pump True
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GeneralSewer Septic Tank
Heating Electric Heat Pump Radiant
Cooling Attic Fan Central Air Electric Exhaust Fan Heat Pump
Utilities Electricity Connected Sewer Connected Water Connected
Architectural Style Barndominium Ranch
Year Built 1973
View Farm Rural
Levels One
Property Subtype Farm
Current Use Residential Pasture Cattle Agricultural
County Garrard
New Construction N
Property Type Farm
Subdivision Name Rural
Possible Use Other Residential Recreational Pasture Horses Cattle Agricultural
Garage Y/N Y
Other Structures Barn(s) Guest House Shed(s) Workshop
Total Rooms 2
Full Baths 4
Status Active
Directions Head northwest on W Main St toward S 3rd St 0.1 mi Turn left onto KY-52 W/Lancaster Ave 6.3 mi Turn right onto State Hwy 1295 11.5 mi Turn right onto KY-52 W 1.5 mi Turn right onto Richmond Rd Loop 1
High School Garrard Co
City Lancaster
High School District Garrard County - 23
MLS Area 023 - Garrard County
Lot Size Units Acres
Lot Size Square Feet 1189188.0
Elementary School Lancaster
Land Lease Y/N N
Middle/Junior High School Garrard Co
MLS Area Minor 023 - Garrard County
Lease Considered Y/N N
Rent Control Y/N N
Structure Type House
Living Area Units Square Feet
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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ExteriorFencing Wire Wood Other
Water Source Public
Lot Size Area 27.3
Building Area Total 2934.0
Lot Size Acres 27.3
Lot Size Source Public Records
Crops Included Y/N N
Horse Amenities See Remarks Pasture Hay Storage
Irrigation Water Rights Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $4,523
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyFarm listings in Lancaster, KY
Average List Price $1,206,633
Percent of Sale Price 66%
About Lancaster, KY 3,538 Population
-1% Since 2002
$ 37,737 Median Income
41.15 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
3289700 Elementary School
3292776 Middle School
Garrard Co High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/7/2025 | $725,000 | | Listed Price |