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!
Sold for $250,000
$250,000
502 Lancaster St, Stanford, KY 40484
5beds
2,730sqft
Single Family Residence
Built in ----
0.49 Acres Lot
$260,800 Zestimate®
$92/sqft
$2,215 Estimated rent
Home value
$260,800
Estimated sales range
Not available
$2,215/mo
Zestimate® history
Owner options
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$1,604/mo
Est. payment
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List your homeWhat's special
Stunning historic hardwood floorsUnmatched characterUpdated kitchenHigh ceilingsRelaxing wrap-around porchLarge backyard
Zillow last checked:
Listing updated:
Listed by:
Samuel Stallard 606-273-0540,
CENTURY 21 Advantage Realty
Bought with:
Pam Murphy, 219216
Lifstyl Real Estate
Source: Imagine MLS,MLS#: 25004557
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Second
Bedroom 1
- Level: Second
Bedroom 2
- Level: Second
Bedroom 3
- Level: Second
Bedroom 4
- Level: Second
Bathroom 1
- Description: Full Bath
- Level: First
Bathroom 2
- Description: Full Bath
- Level: First
Den
- Level: First
Dining room
- Level: First
Dining room
- Level: First
Foyer
- Level: First
Foyer
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Living room
- Level: First
Utility room
- Level: First
Heating
- Floor Furnace, Natural Gas
Cooling
- Electric, Heat Pump
Appliances
- Included: Dishwasher, Gas Range, Refrigerator, Oven
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Entrance Foyer, Ceiling Fan(s)
- Flooring: Hardwood, Other, Tile, Vinyl
- Windows: Blinds
- Basement: Unfinished
Interior area
- Total structure area: 2,730
- Total interior livable area: 2,730 sqft
- Finished area above ground: 2,730
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: Two
- Patio & porch: Patio, Porch
- Fencing: Privacy,Wood
- Has view: Yes
- View description: Trees/Woods, Neighborhood
Lot
- Size: 0.49 Acres
Details
- Additional structures: Guest House, Shed(s)
- Parcel number: 051059200100
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & neighborhood
Security
- Security features: Security System Owned
Community
- Community features: Park
Location
- Region: Stanford
- Subdivision: Downtown
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2025 | Sold | $250,000-5.6%$92/sqft |
Source:  Imagine MLS #25004557 Report a problem | ||
| 3/17/2025 | Contingent | $264,900$97/sqft |
Source: Imagine MLS #25004557 Report a problem | ||
| 3/14/2025 | Listed for sale | $264,900+140.8%$97/sqft |
Source: Imagine MLS #25004557 Report a problem | ||
| 7/10/2017 | Sold | $110,000$40/sqft |
Source: Public Record Report a problem | ||
| 3/1/2007 | Sold | $110,000$40/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,317 | $137,000 |
| 2023 | -- | $137,000 +3.8% |
| 2022 | -- | $132,000 |
| 2021 | -- | $132,000 +20% |
| 2020 | $1,123 -1.1% | $110,000 |
| 2019 | $1,136 +1.1% | $110,000 |
| 2018 | $1,123 | $110,000 |
| 2017 | $1,123 +1.9% | $110,000 |
| 2016 | $1,102 | $110,000 |
| 2015 | $1,102 | $110,000 |
| 2012 | -- | $110,000 |
| 2010 | -- | $110,000 |
Find assessor info on the county website
Neighborhood: 40484
Nearby schools
GreatSchools rating
- 6/10Stanford Elementary SchoolGrades: PK-5Distance: 1 mi
- 3/10Lincoln County Middle SchoolGrades: 6-8Distance: 1.4 mi
- 4/10Lincoln County High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Stanford
- Middle: Lincoln Co
- High: Lincoln Co
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$260,800
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$266,016
- Kentucky
- Lincoln County
- Stanford
- 40484
- 502 Lancaster St
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