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!
For sale
$725,000
733 Richmond Rd #1, Lancaster, KY 40444
5beds
2,934sqft
Est.:
Multi Family
Built in 1973
-- sqft lot
$678,500 Zestimate®
$247/sqft
$-- HOA
What's special
Full basementPremium countertopsModern tiled bathroomsSoft-close cabinetryAbundant storageAiry open layoutTwo natural springs
- 48 days |
- 2,328 |
- 133 |
Zillow last checked: 8 hours ago
Listing updated: 16 hours ago
Listed by:
Allyson Barnes 859-705-9434,
Haven Homes Group
Source: Imagine MLS,MLS#: 25507467
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Primary bedroom
- Level: First
Primary bedroom
- Level: First
Bedroom 2
- Level: First
Bedroom 2
- Level: First
Bedroom 3
- Level: First
Bathroom 1
- Level: First
Bathroom 2
- Level: First
Bathroom 3
- Level: First
Bathroom 4
- Level: First
Kitchen
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Living room
- Level: First
Utility room
- Level: First
Utility room
- Level: First
Heating
- Electric, Heat Pump, Radiant
Cooling
- Attic Fan, Central Air, Electric, Exhaust Fan, Heat Pump
Appliances
- Included: Dryer, Dishwasher, Microwave, Other, Refrigerator, Cooktop, Oven
- Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
Features
- Breakfast Bar, Eat-in Kitchen, Walk-In Closet(s), Ceiling Fan(s), Soaking Tub
- Flooring: Tile
- Windows: Insulated Windows
- Basement: Concrete,Sump Pump,Unfinished
- Number of fireplaces: 2
- Fireplace features: Basement, Living Room, Wood Burning
Interior area
- Total structure area: 2,934
- Total interior livable area: 2,934 sqft
- Finished area above ground: 2,934
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Attached Garage, Driveway, Garage Faces Rear
- Garage spaces: 4
- Has uncovered spaces: Yes
Features
- Levels: One
- Fencing: Other,Wood,Wire
- Has view: Yes
- View description: Rural, Farm
Lot
- Size: 27.3 Acres
Details
- Additional structures: Barn(s), Guest House, Shed(s), Workshop
- Parcel number: 34A04018 and 3539.01
- Horses can be raised: Yes
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch,Barndominium
- Property subtype: Multi Family
Materials
- Brick Veneer, Metal Siding
- Foundation: Block
- Roof: Metal
Condition
- Year built: 1973
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Rural
HOA
- Has HOA: No
Location
- Region: Lancaster
Financial & listing details
- Price per square foot: $247/sqft
- Tax assessed value: $146,500
- Annual tax amount: $1,420
- Date on market: 12/5/2025
Estimated market value
$678,500
$645,000 - $712,000
$1,612/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Listed for sale | $725,000-7.6%$247/sqft |
Source:  Imagine MLS #25507467 Report a problem | ||
| 11/29/2025 | Listing removed | $785,000$268/sqft |
Source: Imagine MLS #25500186 Report a problem | ||
| 10/29/2025 | Price change | $785,000-1.8%$268/sqft |
Source: Imagine MLS #25500179 Report a problem | ||
| 9/27/2025 | Price change | $799,000-4.3%$272/sqft |
Source: Imagine MLS #25500186 Report a problem | ||
| 9/3/2025 | Listed for sale | $835,000+213.3%$285/sqft |
Source: Imagine MLS #25500179 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2021 | $1,420 -0.6% | $146,500 |
| 2020 | $1,430 | $146,500 +46.5% |
| 2019 | $1,430 +103.1% | $100,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,046/mo
Principal & interest
$3357
Property taxes
$435
Home insurance
$254
Climate risks
Neighborhood: 40444
Nearby schools
GreatSchools rating
- 5/10Lancaster Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 5/10Garrard Middle SchoolGrades: 6-8Distance: 1.8 mi
- 6/10Garrard County High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Lancaster
- Middle: Garrard Co
- High: Garrard Co
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
