54 Burdette Knob Rd, Lancaster, KY, 40444
About This Home
COMMERICAL or RESIDENTIAL? Your choice! Seated on approximately 9.37 acres, this property is conveniently close to Lexington and sits right off of Highway 27. The clearest views as well as one of the HIGHEST elevations in Garrard county! and LOVELY VIEWS! Lots of opportunities await with this income producing property. Recently it used as a successful wedding venue, but the building could easily be converted to a HOUSE or BARNDOMINIUM and become a home sweet home! The building has a total of approximately 5008 sq feet! The first floor includes a finished enclosed area of approx 1280 sq ft with a caterer's kitchen. a large sitting area, 2 restrooms and 2 large storage rooms. The second floor has an additional 400 sq feet that could be used as a bedroom. The rest of the building is approx 3328 sq ft and is covered with a metal roof and has concrete flooring. There is also an attached patio of 800 sq ft. The property has a POND and there's a good chance you will see WILDLIFE including deer! KU electric and Garrard County water. Only minutes to the elementary school, golf courses, Herrington Lake and the Kentucky River! ** *There is an additional 2 acres available for purchase that connects to this property.
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Year built: 2017
Materials
- Foundation: Slab
- Construction materials: Metal Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 2
- 1/2 bathrooms: 2
Features
- Eat-in Kitchen
- Flooring: Concrete
- Finished area below ground: 0
- Finished area above ground: 1,680
Heating & Cooling
- Heating features: Other
- Cooling features: Wall Unit(s)
Interior Area
- Total structure area: 1,680
- Total interior livable area: 1,680 sqft
Kitchen
- Level: Lower
Master Bedroom
- Level: Second
Other
- Level: Lower
Property
Accessibility
- Accessibility features: Accessible Central Living Area,Accessible Common Area,Accessible Entrance,Accessible Kitchen,Accessible Stairway
Features
- Horses can be raised: Yes
Lot
- Lot size: 9.37 Acres
Parking
- Parking features: Driveway,Other
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Winter Weather
- Cold Wave
- Hail
- Inland Flooding
- Ice Storm
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Kentucky Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,877 | $34,524 |
| Home Insurance * | $362 | $4,344 |
| Property Taxes | $279 | $3,348 |
| Electricity | $154 | $1,850 |
| Total | $3,672 | $44,064 |
Income You'd Need if You Spent...
Kentucky FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-08 | Listed for sale | $569,000 |
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