3506 Lexington Road, Richmond, KY 40475

$1,105,000
Property Type: Farm Bedrooms: 3 Baths: 1 Square Footage: 1,823 Lot Size (sq. ft.): 4,505,415 Status: Closed
Current Price: $1,105,000 List Date: 4/24/2021 Last Modified: 9/03/2025

Overview

Description

This is a great property with amazing potential - +/-103.45 acres on sewer system. It lays well for residential development with open areas, wooded edges, pond, and wildlife. Only 16 miles from Lexington!

Listing Details MLS# 20107443

Listing Information

Property Sub Type
Farm

Status Change Information

Price Change Timestamp
2021-05-21T17:01:25Z
Status Change Timestamp
2022-02-10
Purchase Contract Date
2021-08-11
Close Date
2022-02-08
Close Price
1105000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
No

Address

County
Madison
Street Number
3506
Street Name
Lexington
Street Suffix
Road
State
KY
Zip Code
40475
Parcel Number
0038-0000-0034

Contract

Original List Price
1800000
Start Showing Date
2021-04-24
Listing Contract Date
2021-04-24
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant
Office Exclusive YN
No
List Price/Acre
12000
List Price/SqFt
680.83
Sold Price/Acre
10683.55
Sold Price/SqFt
606.14
SP/LP
0.89

Tax Legal

MLS Area Major
008 - Madison County
Subdivision Name
Rural
High School District
Madison County - 8

Interior

Bedrooms Total
3
Bathrooms Total
Yes
Bathrooms Full
Yes
Above Grade Finished Area
1823
Living Area
1823
Basement YN
Yes
Fireplace YN
Yes

More Information

Building

Year Built
1950

Lot

Lot Size Acres
103.43
Lot Size Square Feet
4505414.94
Lot Size Dimensions
+/- 103.43
Road Frontage Feet
2400
Conservation Easement YN
No

Utilities

Heating YN
Yes
Cable Available
Yes
Electricity Available
Yes
Phone Available
Yes
Water Available
Yes

Remarks

Public Remarks
This is a great property with amazing potential - +/-103.45 acres on sewer system. It lays well for residential development with open areas, wooded edges, pond, and wildlife. Only 16 miles from Lexington!

Land Details

Farm With House YN
Yes

Other Structures Info

Number Of Tobacco Barns
2

Tax & Legal

Elementary School
Boonesborough
Middle Or Junior School
Michael Caudill
High School
Madison Central
Tax Rate
0.0101
Directions
From Lexington, cross Clays Ferry bridge, take next exit onto Lexington Rd. Property between Wells Ridge and Shiloh Point subdivisions.

Architectural Style

Ranch
Yes

Cooling

Central Air
Yes

Fencing

Wire
Yes

Heating

Forced Air
Yes

Levels

One
Yes

Lot Features

Level
Yes
Wooded
Yes

Current Use

Pasture
Yes

Possible Use

Residential
Yes
Other
Yes

Farm Improvements

Stock Barn(s)
Yes
Tobacco Barn(s)
Yes

Housing

Main
Yes

Possession Farm Land

Negotiable
Yes

Documents

Aerial Photo
Yes

Property Features

Utilities: Cable Available; Electricity Available; Phone Available; Water Available; Cable Available; Electricity Available; Phone Available; Water Available Architectural Style: Ranch Cooling: Central Air Current Use: Pasture Farm Improvements: Stock Barn(s); Tobacco Barn(s) Fencing: Wire Heating: Forced Air Housing: Main Levels: One Lot Features: Level; Wooded Possession Farm Land: Negotiable Possible Use: Residential; Other Documents: Aerial Photo
Listing Office: Keller Williams Commonwealth
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.