new - 4 days on rocket

125 Shermans Ln, Richmond, KY, 40475

$525,000

Home List Price

$6,234*

Closing Credit

5 Bedrooms
3 Full Baths
House

Location

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125 Shermans Ln, Richmond$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built2009
HeatingHeat Pump
CoolingHeat Pump
BasementYes
FireplaceGas Log, Ventless, Great Room
MLS #24026242
Lot Size0.95 Acres
StatusActive

About 125 Shermans Ln

Nestled in a quiet cul-de-sac in North Richmond, this stunning 5BR/3BA ranch home on a finished walkout basement offers both space & convenience. The main floor boasts an open concept w/soaring ceilings, gleaming hardwood floors, & a corner gas fireplace in the great room. The kitchen is complete w/granite counters, an island, gas range, stainless steel appliances, walk-in pantry + a breakfast area. Adjacent to the kitchen is a versatile room ideal for a sunroom, sitting area, or formal dining. The roomy primary suite offers bamboo floors, a walk-in closet & a private BA, complemented by 2 additional BR's & guest BA on the main level. The finished basement includes 2 spacious BR's, a family rm & rec space - all perfect for relaxing or entertaining. Step outside to your private oasis-a heated inground pool overlooking a fenced yard & a serene pond. Situated on a spacious 0.95-acre lot, this property also features an extra-wide driveway & a 2-car garage on the main level for ample parking + an auxiliary garage/workshop in the basement for additional storage. Perfectly located near Lexington & Richmond, this home offers nearly an acre lot, endless entertaining possibilities & more!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 2009
  • Stories: 1

Listing Office:

  • Office Name: Keller Williams Legacy Group
  • Office Phone: (859) 661-2010

Interior Features

Interior Information:

  • Appliances: Disposal, Electric Water Heater, Gas Range, Refrigerator, Microwave, Dishwasher
  • Basement: Yes
  • Flooring Type: Carpet, Vinyl, Tile, Hardwood
  • Interior: Dining Area, Entrance Foyer, Bedroom First Floor, Primary First Floor, Walk-In Closet(s), Whirlpool, Security System Owned, Ceiling Fan(s), Eat-in Kitchen
  • Fireplace: Gas Log, Ventless, Great Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Deck, Patio

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.95 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

Other

Directions Information:

  • Directions: I-75 S to Exit 97; turn R at end of ramp; go approx 1.5 miles; turn R on Shermans Ln;

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000

Tax Information:

  • Annual Amount: $3,217
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Richmond, KY.

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Richmond, KY

City

Med. Sold Price

$305.3K

Med. Price/SqFt

$109

Avg. Days On Market

36

# of Sold Homes

66

125 Shermans Ln vs Richmond

4 DAYS ON ROCKET

-32 Days

$525,000

+$219.6K More

KEY TAKEAWAY

This property is $219.6K more than the Median Sold Price in Richmond, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24026242

Listing Office:

  • Office Name: Keller Williams Legacy Group
  • Office Phone: (859) 661-2010

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. © 2025 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/6/2025, 4:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 09, 2009Home Sold
$272,559
Apr 21, 2009Home Sold
$38,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,217$318,000
2019$3,233$318,000
2018$3,232$318,000

History based on county public records data.

Payment Calculator

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-738575
4
/10

  • Boonesborough Elementary School

  • 1342 Boonesborough Rd

  • 1.36 miles

  • Public District Grades PK-5

school-card-donut-738576
6
/10

  • White Hall Elementary School

  • 2166 Lexington Rd

  • 5.60 miles

  • Public District Grades 1-5

school-card-donut-738577
7
/10

  • Glenn Marshall Elementary School

  • 1442 Robert R Martin Bypass

  • 6.27 miles

  • Public District Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $95,469. Typical income of Richmond, KY residents is between $35k-100k annually. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Richmond, KY

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Richmond, KY?

Richmond's housing market showcases a diverse array of options, with single-family homes being a significant presence. The architectural styles in the area range from classic colonial to contemporary, reflecting the city's historical roots and modern growth. The market is balanced with a mix of both homeowners and renters, providing living spaces for a variety of preferences and needs.

Is Richmond, KY a good place to live?

Richmond is celebrated for its historical significance and vibrant community spirit. The city prides itself on its rich cultural heritage, with numerous landmarks and museums that pay homage to its past. Annual events and festivals contribute to the strong sense of community, drawing residents together to celebrate and foster local traditions.

Are things conveniently located in Richmond, KY?

The community is served by a robust educational system, including multiple public schools at the elementary, middle, and high school levels, as well as private educational institutions. Healthcare services are comprehensive, with facilities offering a range of medical care. The public library system supports lifelong learning, and the city's retail and dining establishments reflect the local culture and cuisine. Initiatives are in place to adapt services to the evolving needs of Richmond's diverse population.

What does the transportation in Richmond, KY look like?

Richmond's transport infrastructure caters to a variety of mobility needs, with public transit options complementing the network of roads and highways that connect the city. The area's walkability varies, with certain neighborhoods being more pedestrian-friendly than others. Bike paths are also available for cycling enthusiasts. Enhancements to the transportation system are ongoing, aiming to improve the efficiency and accessibility for all residents.

Frequently Asked Questions About 125 Shermans Ln

What is the listing price of this property?

The listing price of 125 Shermans Ln property is $525,000.

What type of property is this?

The property 125 Shermans Ln is a house located in Richmond, Kentucky, 40475.

Is this property for sale now?

Active Listing: 125 Shermans Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,217 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 9, 2009 for $272,559. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 125 Shermans Ln has 5 bedrooms and 3 bathrooms.

Which year was this property built?

The year of construction for 125 Shermans Ln is 2009.

Rocket Homes›Kentucky›Madison County›Richmond›40475›125 Shermans Ln

This home is located at 125 Shermans Ln in Richmond, KY and zip code 40475. This home, which was built in 2009, sits on a 0.95 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 02, 2025 and is currently priced at $525,000.

Over 9 listings were sold over their listed price in December 2024 in Richmond, KY. In the same period over 40 listings were sold below the listed price and 17 listings were sold for the listed price. The inventory of homes for sale in Richmond, KY between November 2024 and December 2024 decreased by 10%. In December 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $305,346.

From Rocket Homes Real Estate and based on county public records data.

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