new - 6 days on rocket

2505 Lancaster Rd, Richmond, KY, 40475

$1,300,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Full Baths, 1 Partial
House

Location

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2505 Lancaster Rd, Richmond$1,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built2005
HeatingGeothermal
CoolingGeothermal
BasementYes
FireplaceGas Log, Primary Bedroom, Great Room
MLS #24026079
Lot Size5.00 Acres
StatusActive

About 2505 Lancaster Rd

Welcome to your dream home! Exquisite design & modern updates offer the perfect blend of comfort, style, and functionality. The grand two-story foyer sets the tone for elegance. Hardwood floors add warmth & sophistication. The living room is filled with natural light and provides access to your spacious deck & sunroom. A chef's kitchen features stunning marble countertops, a breakfast bar, & cozy built-in space for casual meals. The first floor primary is a private retreat, complete with updated bath & custom closet. Five additional bedrooms provide plenty of space for family & guests. The home office is a quiet retreat for productivity with floor-to-ceiling built-ins. The basement apartment is perfect for guests, offering privacy & comfort with a kitchen, full bath, expansive bedroom, & living space of its own. Don''t miss the built-in playhouse! The basement also includes a storm shelter & exercise room. Several bonus rooms give you the opportunity to tailor the spaces to suit your needs. Situated on five acres with mature trees and four board fencing, you have you have your own outdoor oasis complete with a zip line, tree house, raised garden beds & an in-ground pool.

Property Details

Property Features

Property Information:

  • Year Built: 2005
  • Stories: 1

Listing Office:

  • Office Name: The Brokerage
  • Office Phone: (859) 983-7365

Interior Features

Interior Information:

  • Appliances: Disposal, Water Heater, Cooktop, Refrigerator, Dishwasher, Double Oven
  • Basement: Yes
  • Flooring Type: Carpet, Vinyl, Tile, Hardwood
  • Interior: Dining Area, Breakfast Bar, Primary First Floor, Entrance Foyer - 2 Story, In-Law Floorplan, Walk-In Closet(s), Ceiling Fan(s)
  • Fireplace: Gas Log, Primary Bedroom, Great Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Deck, Porch, Patio

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 5.00 Acres

Utilities

Utilities Information:

  • Heating: Geothermal
  • Cooling: Geothermal

Other

Directions Information:

  • Directions: Eastern bypass to Lancaster Road, pass Kirksville school on left, private drive on left, second house on right. From Buckee's exit: Exit east onto Duncannon, turn right on Caleast Rd. left on Lancaster Road, driveway will be on left, just past the school. Look for round address sign showing three residence numbers.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,300,000

Tax Information:

  • Annual Amount: $5,919
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Richmond, KY.

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Richmond, KY

City

Med. Sold Price

$305.3K

Med. Price/SqFt

$109

Avg. Days On Market

36

# of Sold Homes

66

2505 Lancaster Rd vs Richmond

6 DAYS ON ROCKET

-30 Days

$1,300,000

+$994.6K More

KEY TAKEAWAY

This property is $994.6K more than the Median Sold Price in Richmond, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24026079

Listing Office:

  • Office Name: The Brokerage
  • Office Phone: (859) 983-7365

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/2/2025, 8:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,919$585,000
2019$5,948$585,000
2018$5,945$585,000

History based on county public records data.

Payment Calculator

$6,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,964

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-50435
6
/10

  • Kirksville Elementary School

  • 2399 Lancaster Rd

  • 0.50 miles

  • Public District Grades PK-5

school-card-donut-50436
6
/10

  • Kit Carson Elementary School

  • 450 Tates Creek Rd

  • 5.54 miles

  • Public District Grades 1-5

school-card-donut-50437
5
/10

  • Daniel Boone Elementary School

  • 710 N 2nd St

  • 6.12 miles

  • Public District Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $71,698. Residents of Richmond, KY typically earn between $35k-100k each year. The majority of families are married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Richmond, KY

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Richmond, KY?

Richmond's housing market showcases a diverse array of options, with single-family homes being a significant presence. The architectural styles in the area range from classic colonial to contemporary, reflecting the city's historical roots and modern growth. The market is balanced with a mix of both homeowners and renters, providing living spaces for a variety of preferences and needs.

Is Richmond, KY a good place to live?

Richmond is celebrated for its historical significance and vibrant community spirit. The city prides itself on its rich cultural heritage, with numerous landmarks and museums that pay homage to its past. Annual events and festivals contribute to the strong sense of community, drawing residents together to celebrate and foster local traditions.

Are things conveniently located in Richmond, KY?

The community is served by a robust educational system, including multiple public schools at the elementary, middle, and high school levels, as well as private educational institutions. Healthcare services are comprehensive, with facilities offering a range of medical care. The public library system supports lifelong learning, and the city's retail and dining establishments reflect the local culture and cuisine. Initiatives are in place to adapt services to the evolving needs of Richmond's diverse population.

What does the transportation in Richmond, KY look like?

Richmond's transport infrastructure caters to a variety of mobility needs, with public transit options complementing the network of roads and highways that connect the city. The area's walkability varies, with certain neighborhoods being more pedestrian-friendly than others. Bike paths are also available for cycling enthusiasts. Enhancements to the transportation system are ongoing, aiming to improve the efficiency and accessibility for all residents.

Frequently Asked Questions About 2505 Lancaster Rd

What is the listing price of this property?

The listing price of 2505 Lancaster Rd property is $1,300,000.

What type of property is this?

The property 2505 Lancaster Rd is a house located in Richmond, Kentucky, 40475.

Is this property for sale now?

Active Listing: 2505 Lancaster Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,919 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2505 Lancaster Rd has 6 bedrooms and 4 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 2505 Lancaster Rd is 2005.

Rocket Homes›Kentucky›Madison County›Richmond›40475›2505 Lancaster Rd

This home is located at 2505 Lancaster Rd in Richmond, KY and zip code 40475. This home, which was built in 2005, sits on a 5.00 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since December 27, 2024 and is currently priced at $1,300,000.

Richmond, KY housing market in December 2024 saw over 9 listings sold above listed price, more than 17 sold at listed price and over 40 sold below. In December 2024 in Richmond, KY there were 10% less homes for sale than in November 2024. The median list price of listings available in December 2024 was $305,346, while the average time on the real estate market was 36 days.

From Rocket Homes Real Estate and based on county public records data.

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