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117 Oreda Dr, Richmond, KY, 40475

5beds
4baths
3,857sqft
$589,900
$153price/sqft
$4,041/moest. monthly cost
$161,640/yrincome needed

About This Home

Welcome to this beautiful new construction traditional style home situated on 1.99 scenic acres in Richmond, Kentucky. Offering approximately 3,857 square feet of finished living space across 2 and half levels, this thoughtfully designed home blends classic architecture, modern finishes, and flexible living spaces to accommodate a variety of lifestyles. From the moment you arrive, you'll appreciate the home's inviting curb appeal with a warm and welcoming first impression. Step inside to discover an open-concept main level designed for both comfortable everyday living and effortless entertaining. The spacious living room serves as the centerpiece of the home, featuring a seamless flow into the dining area and kitchen. Large windows fill the space with natural light while offering views of the surrounding property. The well-appointed kitchen features high end countertops, a stylish tile backsplash, a large center island with seating, abundant cabinetry, and a generous walk-in pantry that provides exceptional storage and functionality. Privately situated at the rear of the main level, the primary suite offers a peaceful retreat. The ensuite bath includes dual vanities, a spacious shower, and a large walk-in closet designed with convenience in mind. Upstairs, two generously sized bedrooms share a centrally located full bathroom, while an additional storage room provides valuable space to keep seasonal items and household belongings organized. The finished walkout basement expands the home's versatility and living space, featuring a fourth bedroom, full bathroom, second laundry room, and kitchenette. This level is ideal for guests, extended family, a private suite, recreation space, or multi-generational living arrangements. Throughout the home, you'll find luxury vinyl plank flooring, granite countertops, a tiled kitchen backsplash, and quality finishes that combine durability with timeless style. With 4 bedrooms, 3.5 bathrooms, approximately 3,857 finished square feet, a finished basement, and nearly 2 acres of land, this exceptional new construction home offers the perfect balance of comfort, character, and modern convenience in a beautiful Richmond setting.

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: Block,Concrete Perimeter
  • Roof: Dimensional Style,Shingle
  • Construction materials: HardiPlank Type

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Cooktop,Range
  • Laundry features: Main Level,Lower Level

Basement

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

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • In-Law Floorplan,Walk-In Closet(s)
  • Window features: Insulated Windows
  • Finished area below ground: 1,485
  • Finished area above ground: 2,372

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Electric

Interior Area

  • Total structure area: 3,857
  • Total interior livable area: 3,857 sqft

Kitchen

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 005100020066

Features

  • Levels: One and One Half

Lot

  • Lot size: 1.78 Acres
  • Features: Wooded,Many Trees

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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 $2,982$35,784
Home Insurance *$292$3,504
Property Taxes $463$5,556
Electricity $304$3,655
Total$4,041$48,492
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$138,548/yr
40% on housing$121,230/yr
45% on housing$107,760/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

$153This 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
2026-06-19Listed for sale$589,900
1997-12-30Sold$7,500

For Sale by Agent

AgentRoss Cummins
BrokeragePremier Property Consultants

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