The passage below comes from Emily's Runaway Imagination by Beverly Cleary.
It would be pleasantly scary if the pioneer ancestors had left a ghost or two around the house, perhaps in the cupola, but these ancestors must have been too busy clearing the land and settling the state of Oregon to participate in any ghostly activities like people in some of the sad old songs Mama sometimes sang. As far as Emily knew, there was not a brokenhearted damsel or a disappointed lover killed in a duel in the lot.
I'm not quite certain about the meaning of the boldfaced LOT. I think it means
a. A piece of land having specific boundaries, especially one constituting a part of a city, town, or block. http://www.thefreedictionary.com/lot
Am I right?