506 Highway 40

2,765 Sq. Ft.
$190 / Sq. Ft.
2,765
Sq. Ft.
$190
per Sq. Ft.

Description

Here's your opportunity to own a walk-out ranch home with an outbuilding on 4.7 acres with paved roads all the way!  The main floor features two living areas, a fireplace, sandstone accents, hardwood floors, primary bedroom w/ensuite bathroom, vinyl siding, new carpet & an attached garage. The basement features a spacious family room, fireplace & garage w/extra storage space. BBQ and relax on the back deck w/updated composite decking for low maintenance and store all of your toys in the 42x45 insulated...Here's your opportunity to own a walk-out ranch home with an outbuilding on 4.7 acres with paved roads all the way!  The main floor features two living areas, a fireplace, sandstone accents, hardwood floors, primary bedroom w/ensuite bathroom, vinyl siding, new carpet & an attached garage. The basement features a spacious family room, fireplace & garage w/extra storage space. BBQ and relax on the back deck w/updated composite decking for low maintenance and store all of your toys in the 42x45 insulated shop w/Heat and AC. Shop features 10x9 garage door and 11.6 x 14 oversized door & concrete floors. Conveniently located between Lawrence and Topeka.
  1. Listed by Sandra Haines • KW One Legacy Partners, LLC
    P: (785)-383-0951 C: (785)-383-0951 homes@thehainesteam.com

Property Details for 506 Highway 40

Style
Ranch
Subdivision
Other
LISTING UPDATED: 03/25/2026 08:01 PM

Property Details for 506 Highway 40

StatusActive
MLS #243178
Days on Market29
Taxes$5,707 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeRESIDENTIAL / Single House
Year Built1962
Lot Size-
CountyDouglas County

Location

Listing Courtesy of KW One Legacy Partners, LLC
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Building Information for 506 Highway 40

Stories-Year Built1962Building Size-Lot Size-

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OriginPoint Mortgage or Rocket Mortgage1

$3,023 per month

30 year fixed, 6.11% Interest

Principal and Interest

$2,548

Property Taxes

$476

HOA Dues

$0

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Property Information for 506 Highway 40

Summary
Location and General Information
  • Directions: West on W 6th, following Hwy 40 to property.
School Information
  • Elementary School: Perry-Lecompton Elementary School/USD 343
  • Middle Or Junior School: Perry-Lecompton Middle School/USD 343
  • High School: Perry-Lecompton High School/USD 343
Taxes and HOA
  • Gen Tax (est): 5707.42
  • Spec Tax (est): 0
  • Tax Annual Amount: $5,707.42
  • Association: No
  • Parcel Number: 40007803
Parking
  • Parking Features: Attached, Extra Parking
  • Garage Spaces: 5.00
Property
Lot Information
  • Approx Lot Size: 1-5 Acres
  • Outbuilding 1 Floor Type: Concrete
  • Main Level Finished Area: 2019
  • Upper Level Finished Area: 0
  • Outbuilding 1 - Dimension: 45x42
  • Above Grade Finished Area: 2019.0
  • Below Grade Finished Area: 746.0
  • Living Area: 2765.0
  • Lot Size Acres: 4.7
Property and Assessments
  • Property Type: Residential
  • Property Sub Type: Single House
  • Flood Zone: Unknown
  • Balance of Specials (est): 0
  • PO Yr on Specials: 0
  • Approx Year Built: 1962
  • BUILD TYPE: Stick Built
Utilities
  • Are Utilities On: Yes
  • Sewer: Rural Water, Cistern, Septic Tank
  • DINING: Liv/Din Combo
  • LAUNDRY: In Basement
  • Heating: Baseboard
  • Cooling: Central Air
  • APPLIANCES/EQUIPMENT: Electric Range, Dishwasher, Refrigerator, Disposal, Auto Garage Opener(s)
Interior and Exterior Features
Exterior Features
  • Basement: Concrete, Partially Finished, Walk-Out Access
  • Exterior Features: Hot Tub
  • Construction Materials: Vinyl Siding
  • Roof: Composition, Architectural Style
  • Other Structures: Outbuilding
  • Patio And Porch Features: Patio, Deck
  • Security Features: Security System
Interior Features
  • Bathrooms Total Integer: 2
  • Full or 3/4 Baths: 2
  • 1/2 Baths: 0
  • Bathroom Level: Main and Main
  • Bedrooms: 3
  • Number Conforming Bedrooms: 3
  • Number Non Conforming Bedrooms: 0
  • BasementYN: Yes
  • Basement Total Area: 2019
  • Water Heater: Gas
  • Flooring: Hardwood, Ceramic Tile
  • Fireplace Features: Two, Family Room, Living Room
  • Interior Features: Carpet, Sheetrock, 8' Ceiling
  • Other Rooms: 1st Floor Primary Bedroom,Primary Bath,1st Fl Full Bath
Room 1
  • Room Dimensions: 15.4 x 9.2
  • Room Level: Main
  • Room Type: Kitchen
Room 2
  • Room Dimensions: 15.4 x 9.2
  • Room Level: Main
  • Room Type: Dining Room
Room 3
  • Room Dimensions: 20.6 x 13.6
  • Room Level: Main
  • Room Type: Living Room
Room 4
  • Room Dimensions: 15.3 x 21
  • Room Level: Main
  • Room Type: Great Room
Room 5
  • Room Dimensions: 25.2 x 13.5 16.7 x 10.6
  • Room Level: Basement
  • Room Type: Family Room
Room 6
  • Room Level: Basement
  • Room Type: Laundry
Room 7
  • Room Dimensions: 13.5 x 13.5
  • Room Level: Main
  • Room Type: Primary Bedroom
Room 8
  • Room Dimensions: 12 x 10.7
  • Room Level: Main
  • Room Type: Bedroom 2
Room 9
  • Room Dimensions: 11.6 x 11.6
  • Room Level: Main
  • Room Type: Bedroom 3

Property History for 506 Highway 40

DateEvent & SourcePriceAppreciation
Mar 20, 2026

Price Change

Sunflower Association of REALTORS #243178

$525,000
Feb 25, 2026

Listed (Active)

Sunflower Association of REALTORS #243178

$550,000
Oct 20, 2015

Sold

Lawrence Board of Realtors #137610

Oct 20, 2015

Sold

Sunflower Association of REALTORS #185527

Oct 1, 2015

Pending

Lawrence Board of Realtors #137610

Oct 1, 2015

Pending

Sunflower Association of REALTORS #185527

Aug 4, 2015

Listed (Active)

Lawrence Board of Realtors #137610

$275,000
Aug 4, 2015

Listed (Active)

Sunflower Association of REALTORS #185527

$275,000
Aug 29, 2013

Withdrawn

Lawrence Board of Realtors #130202

$265,000
Aug 29, 2013

Withdrawn

Sunflower Association of REALTORS #172318

$265,000
Mar 13, 2013

Listed (Active)

Lawrence Board of Realtors #130202

$279,000
Mar 13, 2013

Listed (Active)

Sunflower Association of REALTORS #172318

$279,000
Jan 9, 2012

Expired

Lawrence Board of Realtors #125857

$348,900
Jul 8, 2011

Listed (Active)

Lawrence Board of Realtors #125857

$365,500
DateEvent & SourcePrice
03/20/2026

Price Change

Sunflower Association of REALTORS #243178

$525,000
02/25/2026

Listed (Active)

Sunflower Association of REALTORS #243178

$550,000
10/20/2015

Sold

Lawrence Board of Realtors #137610

10/20/2015

Sold

Sunflower Association of REALTORS #185527

10/01/2015

Pending

Lawrence Board of Realtors #137610

10/01/2015

Pending

Sunflower Association of REALTORS #185527

08/04/2015

Listed (Active)

Lawrence Board of Realtors #137610

$275,000
08/04/2015

Listed (Active)

Sunflower Association of REALTORS #185527

$275,000
08/29/2013

Withdrawn

Lawrence Board of Realtors #130202

$265,000
08/29/2013

Withdrawn

Sunflower Association of REALTORS #172318

$265,000
03/13/2013

Listed (Active)

Lawrence Board of Realtors #130202

$279,000
03/13/2013

Listed (Active)

Sunflower Association of REALTORS #172318

$279,000
01/09/2012

Expired

Lawrence Board of Realtors #125857

$348,900
07/08/2011

Listed (Active)

Lawrence Board of Realtors #125857

$365,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 506 Highway 40

Taxable ValueLand$8,577Additions$39,580Total$48,157
Tax Record2025$5,707 ($476 / month)
Home Facts
Beds3Baths2Total Finished SqFt2,765 SqFtAbove Grade Finished SqFt2,019 SqFtFinished Basement SqFt746 SqFtStories1Lot Size204,732 SqFtStyleSingle Family ResidenceYear Built1932CountyDOUGLASAPN055-22-0-00-00-004.00-0Fireplace TypeHas Fireplace

Schools near 506 Highway 40

This home is within Perry Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Lecompton Elementary School
PublicPK to 4

Perry-Lecompton Middle School
Public5 to 8

Perry Lecompton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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506 Highway 40 is a single family home for sale in Lawrence, KS 66049. This property was listed for sale on February 25, 2026 by KW One Legacy Partners, LLC, it's currently listed at $525,000. It has been on the market for a total of 29 days and was last sold on October 20, 2015. This listing's school district is Perry Public Schools. Nearby schools include Lecompton Elementary School, Perry-Lecompton Middle School and Perry Lecompton High School. 506 Highway 40 is a 3-bed, 2-bath, 2,765 sqft single family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW One Legacy Partners, LLC

Based on information submitted to the MLS GRID as of 03/25/2026 08:01 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.