12 days on rocket

353 5th St, Richmond, KY, 40475

$1,375,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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353 5th St, Richmond$1,375,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built9999
MLS #24025200
StatusActive

About 353 5th St

Are you looking for an end of the year deal, maybe 1031, or do you need to spend cash before uncle Sam takes it? Have you been wanting to get into real estate but don't know how, don't want something overwhelming? Look no further. This deal is for you. 7 single family rental houses, all rented except for 1, bringing in a total rent of $12,100 per month. All tenants pay their own utilities as well as trash and lawn care. Are you looking for an easy management property? Then this small portfolio is perfect for you. 2 of the 7 homes are only 2 years old. All homes have been renovated, updated, and are ready for their new owner. Current owner is closing out a rental portfolio in Richmond and these are the last of the properties in which they own.

Property Details

Property Features

Property Information:

  • Year Built: 9999

Listing Office:

  • Office Name: The Real Estate Co.
  • Office Phone: (859) 979-1508

Other

Directions Information:

  • Directions: Main St To 5th

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,375,000

Tax Information:

  • Annual Amount: $125
  • 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

$305K

Med. Price/SqFt

$104

Avg. Days On Market

40

# of Sold Homes

60

353 5th St vs Richmond

12 DAYS ON ROCKET

-28 Days

$1,375,000

+$1.0M More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price in Richmond, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24025200

Listing Office:

  • Office Name: The Real Estate Co.
  • Office Phone: (859) 979-1508

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. © 2024 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: 12/17/2024, 11:55:59 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

May 26, 2021Home Sold
$93,000
Oct 19, 2005Home Sold
$77,000

Tax History

YEARPROP. TAXASSESSMENT
2020$125$100,000
2019$139$100,000
2018$1,016$100,000

History based on county public records data.

Payment Calculator

$6,930

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,189

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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-4282366
5
/10

  • Daniel Boone Elementary School

  • 710 N 2nd St

  • 0.45 miles

  • Public District Grades 1-5

school-card-donut-4282367
6
/10

  • Kit Carson Elementary School

  • 450 Tates Creek Rd

  • 0.92 miles

  • Public District Grades 1-5

school-card-donut-4282368
7
/10

  • Glenn Marshall Elementary School

  • 1442 Robert R Martin Bypass

  • 1.47 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 $46,944. Typical income of Richmond, KY residents is less than $35k annually. The majority of families are single, no kids. Residents of this area typically 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.

Rocket Homes›Kentucky›Madison County›Richmond›40475›353 5th St

This home is located at 353 5th St in Richmond, KY and zip code 40475. This home was built in 9999. It has been listed on Rocket Homes since December 05, 2024 and is currently priced at $1,375,000.

In November 2024 more than 7 listings in Richmond, KY were sold above the asking price. During the same period more than 22 listings were sold at asking price, while more than 31 were sold below. The number of listings in Richmond, KY increased by 1.4% between October 2024 and November 2024. Listings spent 40 days on the market in November 2024, and had a median list price of $305,072 during the same period.

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

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