1027 Morris Drive, Richmond, KY 40475
Ashwood · Madison County
Key Facts
Description
PRICE JUST REDUCED - NOW $77,400! 2.56 Acres | Walkout Basement Potential | Northern Madison County Don't miss this value-packed homesite in fast-growing Northern Madison County. This 2.56-acre residential lot offers the ideal blend of cleared space and mature woods—ready for your build while maintaining privacy and a scenic backdrop. The gentle slope is perfectly suited for a walkout basement design, and there's ample room for a detached garage, workshop, or additional outdoor living space. Conveniently positioned with quick access to Lexington, Winchester, and Richmond, this location combines peaceful country living with commuter-friendly convenience. New construction is underway across the road and established homes sit behind the property, adding to long-term value and neighborhood appeal. Now offered at just $77,400 after recent price reduction—well below typical pricing for this location and acreage. Opportunities like this are becoming harder to find. Secure your build site in one of Madison County's most desirable growth corridors.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
2.56 acres
Zoning
R-1
MLS® Listing#
25005037
Property Features
Financial Details
Parcel Number
0051-0002-0087
Directions
From I-75, take Exit 95. Continue on Hwy 627N/State Hwy 3055 for 4.5 Miles. Turn Left on Combs Ferry Road. Turn left on Simpson Lane. Turn left on Nina Drive. Turn Right on Morris Drive.
Affordability Calculator
$15,480
Estimated monthly payment
$412/mo
Principal $61,920 · Est. interest $86,384 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Richmond, KY
- $352,143
- Median Listing Price
- 34
- Median Days on Market
- 1,904
- Median Sq Ft
- $188
- Median Price / Sq Ft
- 241
- Active Listings
- This home’s price is 78% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Richmond, KY.
Location
Points of Interest in Richmond, KY
Showing the Richmond area map.
Nearby Schools
Kentucky Horseshoeing School
Secondary · 2.3 mi away
Boonesborough Elementary School
Elementary · 2.6 mi away
Providence Elementary School
Elementary · 3.7 mi away
Athens Elementary School
Elementary · 5.4 mi away
George Rogers Clark High School
Secondary · 6.9 mi away
GRC Cardinals Nest
School · 6.9 mi away
Clark County Area Technology Center
Secondary · 7.4 mi away
White Hall Elementary School
Elementary · 7.8 mi away
Brenda Cowan Elementary
Elementary · 8.0 mi away
Clark County Christian School
Elementary · 8.0 mi away
Glenn R Marshall Elementary School
Elementary · 8.1 mi away
B. Michael Caudill Middle School
Secondary · 8.1 mi away
Angel Academy
School · 8.3 mi away
Phoenix Academy
School · 8.5 mi away
Walnut Hill Day School
Elementary · 8.5 mi away
Edythe Jones Hayes Middle School
Secondary · 8.5 mi away
Kentucky Tech Clark Co Center
School · 8.6 mi away
Robert D Campbell Pto
Secondary · 8.6 mi away
Crossroads Weekday Preschool
School · 8.7 mi away
Flutterby Discovery Center
School · 8.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 108 Seven Oaks Drive, Richmond, KY | $54,900 | — | — | — |
| 832 Wyatt Court, Richmond, KY | $55,000 | — | — | — |
| 1200 Judah Bear Boulevard, Richmond, KY | $55,000 | — | — | — |
| 180 Avawam Drive, Richmond, KY | $65,000 | — | — | — |
| 304 Prestwick Circle 149, Richmond, KY | $67,500 | — | — | — |
| 3035 Trophy Lane Lot 11, Richmond, KY | $67,500 | — | — | — |
Moving Cost Estimate
EXIT Agents in Richmond
Listing Courtesy: Keller Williams Legacy Group - 8595446175
Last Updated: 2025-03-17