316 Rachel Way
Lancaster, KY, 40444 $ 299,900
Bedrooms3 Baths2.0 Sq 1,417 Monthly Estimate*
$ 1,847
for $299,900 with 3 bedrooms and 2 full baths. This 1,417 square foot home was built in 2004 on a lot size of 1.01.
How does this sound Welcome to this well-maintained 3-bedroom, 2-bath ranch situated on approximately one acre in Garrard County. This property offers the perfect balance of comfortable indoor living and thoughtfully designed outdoor space. Inside, the home features a practical single-level layout with updated carpet in the bedrooms (2019) and a kitchen where most appliances will remain. Major improvements have already been completed, including a new roof in 2023, heat pump HVAC system installed in 2020, sump pump replaced in 2019, new garage door opener, and upgraded 6-inch metal gutters. The outdoor space truly sets this property apart. Enjoy a 16×12 three-season room with a dog door overlooking the backyard, along with a freestanding porch approximately 25 feet long that provides additional space to relax or entertain. The backyard is fenced and includes a large 30×28 pool deck and patio area, a fire pit gathering space, swing set, potting shed, and a storage building currently used as a chicken coop built in 2024. For those who enjoy gardening or homesteading, the property includes established plantings such as a peach tree, three chestnut trees, elderberries, blackberries, raspberries, a grape arbor, and established comfrey. Garden areas have already been started and include tomatoes and other seasonal plantings. A rainwater catchment system is also in place, featuring a 350-gallon collection tank along with two additional 55-gallon tanks. The property also includes a gas stove connected to a 120-gallon tank. A previous above-ground pool was removed, but the space remains prepared for a 24-foot, four-foot deep above-ground pool if the new owner chooses to reinstall one. With its mix of practical updates, usable outdoor space, and established garden features, this property offers a unique opportunity for buyers looking for both comfort and room to grow.
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FeaturesGeneralSewer Septic Tank
Heating Heat Pump
Cooling Central Air
Utilities Cable Available Electricity Connected Propane Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Dishwasher Microwave Range Self Cleaning Oven
Garage Spaces 2.0
Patio/Porch Features Deck Porch Front Porch
Architectural Style Ranch
Construction Materials Vinyl Siding
Year Built 2004
Levels One
Property Subtype Single Family Residence
Parcel Number 11-099.33
County Garrard
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Cades Cove
Garage Y/N Y
Other Structures Other
Total Rooms 9
Full Baths 2
Status Active
Directions From US-27 turn onto KY-52 E (Lexington Rd) Right on Rachel Way Home on right.
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 43995.6
Carport Y/N N
Elementary School Camp Dick
Land Lease Y/N N
Home Warranty 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
Standard Status Active
Senior Community None
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InteriorBasement Crawl Space
Flooring Carpet Ceramic Tile
Total Fireplaces 1
Fireplace Features Living Room Ventless
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Blinds
Fireplace Y/N Y
Above Grade Finished Area 1417.0
Half Baths 0
Laundry Features Main Level
Total Bedrooms 3
Below Grade Finished Area 0.0
Total Baths 2
Heating-Heat Pump True
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ExteriorExterior Amenities Garden Other
Fencing Wood
Parking Features Driveway
Lot Features Few Trees
Water Source Public
Lot Size Area 1.01
Foundation Details Block
Building Area Total 1417.0
Lot Size Acres 1.01
Lot Size Source Public Records
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByCentral Kentucky Realty & Associates, LlcBroker
kaciemcwhorter@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,847
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 NearbySingle family listings in Lancaster, KY
Average List Price $452,355
Percent of Sale Price 51%
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.
3289476 Elementary School
3292776 Middle School
Garrard Co High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/11/2026 | $299,900 | | Listed Price |