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118 Oreda Dr, Richmond, KY, 40475

6beds
5baths
4,683.6sqft
$709,900
$152price/sqft
$4,876/moest. monthly cost
$195,040/yrincome needed

About This Home

This thoughtfully designed 6 bedroom, 4.5 bath home on a full finished basement offers modern comfort and sits in a quiet culdesac that backs up to a heavily wooded area for maximum privacy. Inside, the open concept layout connects the great room, dining area, and kitchen, creating a bright and inviting living space. The great room features a cozy fireplace, while the kitchen includes an island, a full pantry, and high end counters. The main-floor primary suite boasts dual vanities, walk-in shower, soaking tub, and a generous walk-in closet with direct access to the laundry and mudroom. Upstairs, three bedrooms each have walk-in closets, with one private bath and a Jack-and-Jill for the others as well as a very large bonus room. The fully finished basement is set up as separate living quarters with additional bedroom and bathroom on suite, living area, and even a full kitchenette.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

9/10
Boonesborough ElementaryGrades PK-52.8 mi
7/10

Construction

Condition

  • Property condition: New Construction
  • Year built: 2026

Materials

  • Foundation: Concrete Perimeter
  • Roof: Dimensional Style,Shingle
  • Construction materials: Brick Veneer,HardiPlank Type

Type & Style

  • Home type: SingleFamily
  • Architectural style: Craftsman
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Range
  • Laundry features: Electric Dryer Hookup,Main Level,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Finished,Full,Walk-Out Access

Bathroom1

  • Level: First

Bathroom2

  • Level: First

Bathroom3

  • Level: Second

Bathroom4

  • Level: Second

Bathroom5

  • Level: Lower

Bedroom1

  • Level: Second

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedroom4

  • Level: Second

Bedroom5

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Bonus Room

  • Level: Second

Features

  • Eat-in Kitchen,In-Law Floorplan,Wet Bar,Walk-In Closet(s),Ceiling Fan(s),Soaking Tub
  • Window features: Insulated Windows,Screens
  • Number of fireplaces: 2
  • Fireplace features: Electric,Great Room,Insert,Living Room
  • Fireplace: Yes
  • Finished area below ground: 1,571
  • Finished area above ground: 3,112

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Electric

Interior Area

  • Total structure area: 4,683
  • Total interior livable area: 4,683 sqft

Kitchen

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 005100020072

Features

  • Levels: Two
  • Fencing: None
  • Has view: Yes
  • View description: Rural,Trees/Woods,Neighborhood

Lot

  • Lot size: 1.04 Acres
  • Features: Wooded,Many Trees

Parking

  • Total spaces: 2
  • Parking features: Attached Garage,Driveway,Garage Faces Front
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Lightning
Cold Wave
Strong Wind
Tornado
Winter Weather
Hail
Inland Flooding
Ice Storm

FEMA Declared Disasters Across Kentucky Counties

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,589$43,068
Home Insurance *$352$4,224
Property Taxes $566$6,792
Electricity $369$4,437
Total$4,876$58,512
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$167,177/yr
40% on housing$146,280/yr
45% on housing$130,026/yr

Kentucky FAIR Plan Programs

Kentucky FAIR Plan Reinsurance Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,102Commercial: 175
Total Premiums$2.55M
Total Exposure$206.09M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.7%
6.7%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$152This listing

vs Other Active Listings

Avg $/sqft

ZIP 40475$166
Madison County$165

vs Homes Sold Last Month

Median $/sqft

ZIP 40475$175
Madison County$177

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-14Price change$739,900
2026-03-21Listed for sale$749,900
2025-12-18Listing removed$749,900
2025-08-22Listed for sale$749,900

For Sale by Agent

AgentRoss Cummins
BrokeragePremier Property Consultants

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