$4,144 Closing Credit¹
#24023270, Listing Office: Cornerstone Realty & Auction
$264,900 List price
502 Lancaster St Stanford, KY 40484
$3,146
Closing credit¹
5 beds
2 full
0.5 acres
House
Property details
About 502 Lancaster St
Attention Investors and Homebuyers! A rare opportunity awaits in downtown Stanford, KY. This beautiful new listing features a spacious, historic home with significant investment potential. Enjoy the convenience of being across the road from a beautiful park and walking trail. You are minutes from Centre College and Ephraim McDowell Medical Center, while offering tenants and family alike a large backyard and a relaxing wrap-around porch. Inside, discover high ceilings, an updated kitchen, unmatched character, and stunning historic hardwood floors. A renovated 900sqft apartment on the property provides immediate income or a place for family, and the large home itself offers endless possibilities. With a newer HVAC system and move-in readiness, this AS-IS property is priced to move. Don't miss out on this prime investment in a charming Kentucky town!
Highlights
Home typeSingle Family Residence
HeatingNatural Gas, Floor Furnace
StatusActive
CoolingHeat Pump, Electric
BasementYes
Lot size0.49 Acres
Year built9999
ParkingDriveway
MLS #25004557
Summary
- MLS Number: 25004557
- Office Name: CENTURY 21 Advantage Realty
- Office Phone: (606) 878-0021
- Office Email: srobinson@century21advantage.com
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: 3/14/2025, 12:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$264,900
502 Lancaster St
$3,146
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 10, 2017 | Home Sold | $110,000 |
| Mar 01, 2007 | Home Sold | $110,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $137,000 | $- |
| 2022 | $132,000 | $1,316 |
| 2021 | $132,000 | $1,316 |
| 2020 | $110,000 | $1,123 |
| 2019 | $110,000 | $1,135 |
| 2018 | $110,000 | $1,123 |
History based on county public records data.
Nearby schools
5
Stanford Elementary School
Public District PK-5
1.0 mi
•101 Old Fort Rd
5
Highland Elementary School
Public District PK-5
7.2 mi
•75 Tick Ridge Rd
4
Lancaster Elementary School
Public District PK-5
7.7 mi
•205 Lexington St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,975. Typical income of Stanford, KY residents is less than $<35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
55%
<35k
40%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
54%
Single, No Kids
16%
Single, with Kids
18%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
8%
12-17 yrs old
21%
18-34 yrs old
40%
35-64 yrs old
19%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Monster Trucks
Hunting
Where do the neighbors shop?
Dollar General
Wal-Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Chevrolet
Ram
What do the neighbors listen to?
Classic Country- Country
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 502 Lancaster St
This home is located at 502 Lancaster St in Stanford, KY and zip code 40484. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 14, 2025 and is currently priced at $264,900.
While more than 0 listings in Stanford, KY in February 2025 were sold above asking price, there were more than 0 listings sold at asking price, and more than 4 were sold below. The inventory of homes for sale in Stanford, KY between January and February 2025 increased by 20%. In February 2025, listings were on the market for 87 days. During the same period, the median list price in this real estate market was $190,000.
From Rocket Homes Real Estate and based on county public records data.