17 days on rocket

325 Payne Dr, Richmond, KY, 40475

$420,000

Home List Price

$4,988*

Closing Credit

5 Bedrooms
3 Full Baths, 1 Partial
House
Schools Nearby

Location

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325 Payne Dr, Richmond$420,000

Buyer Closing Credits

$4,988*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Off Street
Year Built2008
HeatingElectric, Heat Pump
CoolingElectric, Heat Pump
BasementYes
FireplaceGas Log, Ventless
MLS #24006729
Lot Size0.28 Acres
StatusActive

About 325 Payne Dr

Nestled amidst picturesque rolling hills and countryside, this captivating residence offers a serene retreat. Located only 1.7 miles to I-75, it provides effortless access to both Lexington, a mere 15-minute drive, and the amenities of Richmond, including hospitals, schools, and shopping, just 10 minutes away. Inside, you're greeted by a magnificent Great Room adorned with a charming stone fireplace flanked by built-in shelving, seamlessly transitioning into a Formal Dining Room and a dream kitchen. The kitchen boasts an abundance of premium cabinetry, elegant granite countertops, a spacious island, tiled flooring, and a cozy breakfast area. Just off of the kitchen you'll enjoy your evenings relaxing with a VIEW on the 44'x12' covered deck! Ascending to the second level, a generously sized primary bedroom awaits, complete with an ensuite bath and a large walk-in closet. Additionally, there are three sizable guest bedrooms, each equipped with ample closet space, and a shared full bath. Descending to the finished basement, you'll discover a versatile layout, including a fifth bedroom, a third full bath, a sprawling bonus space, and extra storage, catering to a myriad of lifestyles.

Property Details

Property Features

Property Information:

  • Year Built: 2008
  • Stories: 2

Listing Office:

  • Office Name: RE/MAX Creative Realty
  • Office Phone: (859) 422-2000

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Carpet, Hardwood, Other, Tile, Vinyl
  • Interior: Ceiling Fan(s), Dining Area, Entrance Foyer - 2 Story, Security System Owned, Walk-In Closet(s)
  • Fireplace: Gas Log, Ventless

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Deck, Patio, Porch

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Electric, Heat Pump
  • Cooling: Electric, Heat Pump

School Info

Assigned Schools Information:

  • Madison Central High School, Public District Grades 9-12
  • Model Laboratory High School, Public District Grades 9-12
  • B. Michael Caudill Middle School, Public District Grades 6-8
  • Model Laboratory Middle School, Public District Grades 6-8
  • White Hall Elementary School, Public District Grades PK-5
  • Model Laboratory Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: I-75 South, Take Exit 97, Right off of ramp onto US-25, Just over a mile to right on Sherman's Lane (First Shiloh Cove Entry), House sits on the corner of Sherman's Lane and Payne Drive.

Price Information

Listing Price Info

Price Summary:

  • List Price: $420,000

Tax Information:

  • Annual Amount: $2,863
  • 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

$287.2K

Med. Price/SqFt

$94

Avg. Days On Market

45

# of Sold Homes

57

325 Payne Dr vs Richmond

17 DAYS ON ROCKET

-28 Days

$420,000

+$132.7K More

KEY TAKEAWAY

This property is $132.7K more than the Median Sold Price in Richmond, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24006729

Listing Office:

  • Office Name: RE/MAX Creative Realty
  • Office Phone: (859) 422-2000

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: 4/30/2024, 12:25:19 AM 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 22, 2019Home Sold
$283,000
Jan 15, 2009Home Sold
$239,900

Tax History

YEARPROP. TAXASSESSMENT
2020$2,863$283,000
2019$2,847$280,000
2018$2,490$245,000

History based on county public records data.

Payment Calculator

$2,164

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,326

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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.

Elementary School

school-card-donut-3420865
8
/10

  • White Hall Elementary School

  • 2166 Lexington Rd

  • 5.62 miles

  • Public District Grades PK-5

school-card-donut-3420866
7
/10

  • Model Laboratory Elementary School

  • 521 Lancaster Ave

  • 8.20 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3420867
7
/10

  • B. Michael Caudill Middle School

  • 1428 Robert R. Martin By Pass

  • 6.28 miles

  • Public District Grades 6-8

school-card-donut-3420868
7
/10

  • Model Laboratory Middle School

  • 521 Lancaster Ave

  • 8.20 miles

  • Public District Grades 6-8

High School

school-card-donut-3420869
5
/10

  • Madison Central High School

  • 705 N 2nd St

  • 7.50 miles

  • Public District Grades 9-12

school-card-donut-3420870
8
/10

  • Model Laboratory High School

  • 521 Lancaster Ave

  • 8.20 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $95,469. The most common annual income of people living in Richmond, KY is between $35k-100k. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 325 Payne Dr

What is the listing price of this property?

The listing price of 325 Payne Dr property is $420,000.

What type of property is this?

The property 325 Payne Dr is a house located in Richmond, Kentucky, 40475.

Is this property for sale now?

Active Listing: 325 Payne Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 325 Payne Dr are:
White Hall Elementary School: GreatSchools Rating 8/10
Model Laboratory Elementary School: GreatSchools Rating 7/10
B. Michael Caudill Middle School: GreatSchools Rating 7/10
Model Laboratory Middle School: GreatSchools Rating 7/10
Madison Central High School: GreatSchools Rating 5/10
Model Laboratory High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,863 (source: MLS/based on county public records data).

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

The last sale was on May 22, 2019 for $283,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 325 Payne Dr has 5 bedrooms and 3 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 325 Payne Dr is 2008.

Rocket Homes›Kentucky›Madison County›Richmond›40475›325 Payne Dr

This home is located at 325 Payne Dr in Richmond, KY and zip code 40475. This home, which was built in 2008, sits on a 0.28 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 13, 2024 and is currently priced at $420,000.

Over 7 listings were sold over their listed price in March 2024 in Richmond, KY. In the same period over 38 listings were sold below the listed price and 12 listings were sold for the listed price. In March 2024 in Richmond, KY there were 14.4% more homes for sale than in February 2024. While the average time on the market in March 2024 was 45 days, the median list price was $287,230.

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

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