2 months on rocket

340 Somerset St, Stanford, KY, 40484

$379,000

Home List Price

$4,501*

Closing Credit

4 Bedrooms
2 Full Baths
House

Location

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340 Somerset St, Stanford$379,000

Buyer Closing Credits

$4,501*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOff Street, Driveway
Year Built1860
HeatingNatural Gas, Forced Air
CoolingWindow Unit(s)
BasementYes
MLS #24023270
Lot Size1.22 Acres
StatusActive

About 340 Somerset St

Charming Historic Home close to Main St in Stanford, KY, this home invites you to step back in time while offering ample space and lots of historic charm. Built in 1860, this stately two-story residence spans an impressive 3,744 square ft, showcasing timeless craftsmanship with tall ceilings and doors, and crown molding.There's plenty of room to relax with 4 spacious bedrooms and 2 full bathrooms. A grand staircase in the elegant foyer welcomes guests. The foyer leads to a warm, character-filled family room. The dining room is large enough to accommodate gatherings, while the front parlor, with its authentic charm, is perfect for entertaining.Outside, enjoy your private oasis with a heated 10 x 40 in-ground pool, a tennis court, and a screened-in back porch ideal for relaxing or hosting. Mature trees add beauty and privacy, while the inviting front porch is brimming with historic charm.This home, rich in character, is ready for you to update in your style. Don't miss the chance to own a piece of history! Home being Sold AS-IS with inspections welcome.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1860
  • Stories: 2

Listing Office:

  • Office Name: Cornerstone Realty & Auction
  • Office Phone: (859) 304-5051

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Water Heater, Range
  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: Dining Area, Entrance Foyer, Bedroom First Floor, Primary First Floor, Eat-in Kitchen

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Patio, Porch

Parking Information:

  • Attached Garage: No
  • Parking: Off Street, Driveway

Lot Features

Lot Information:

  • Lot: Secluded, Wooded
  • Lot Size: 1.22 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: From US 27 South turn right onto Somerset St. Home is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $379,000

Tax Information:

  • Annual Amount: $593
  • Tax Year: 2021
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Housing Market Comparison

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

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Stanford, KY

City

Med. Sold Price

$185K

Med. Price/SqFt

$112

Avg. Days On Market

9

# of Sold Homes

3

340 Somerset St vs Stanford

61 DAYS ON ROCKET

+52 Days

$379,000

+$194K More

KEY TAKEAWAY

This property is $194K more than the Median Sold Price in Stanford, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24023270

Listing Office:

  • Office Name: Cornerstone Realty & Auction
  • Office Phone: (859) 304-5051

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: 1/5/2025, 4:20:59 AM 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
2021$593$100,000
2020$446$83,000
2019$451$83,000
2018$464$83,000

History based on county public records data.

Payment Calculator

$1,959

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,203

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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-433527
5
/10

  • Stanford Elementary School

  • 101 Old Fort Rd

  • 1.70 miles

  • Public District Grades PK-5

school-card-donut-433528
6
/10

  • Highland Elementary School

  • 75 Tick Ridge Rd

  • 6.49 miles

  • Public District Grades PK-5

school-card-donut-433529
3
/10

  • Lancaster Elementary School

  • 205 Lexington St

  • 8.27 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $18,065. Most Stanford, KY residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 340 Somerset St

What is the listing price of this property?

The listing price of 340 Somerset St property is $379,000.

What type of property is this?

The property 340 Somerset St is a house located in Stanford, Kentucky, 40484.

Is this property for sale now?

Active Listing: 340 Somerset St 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 2021 is $593 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 340 Somerset St has 4 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 340 Somerset St is 1860.

Rocket Homes›Kentucky›Lincoln County›Stanford›40484›340 Somerset St

This home is located at 340 Somerset St in Stanford, KY and zip code 40484. This home, which was built in 1860, sits on a 1.22 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 04, 2024 and is currently priced at $379,000.

In December 2024 more than 2 listings in Stanford, KY were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below. Between November 2024 and December 2024, Stanford, KY real estate market has seen decrease in the number of listings by 18.6%. In December 2024 median list price was $185,000 and the average listing age was 9 days.

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

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