NOT LISTED FOR SALE

205 Keystone Dr Richmond, KY 40475

Estimated Value: $787,000 - $1,151,000

Studio
-- Bath
-- Sq Ft
0.55 Acres Lot

Sale Details

Date Sold: March 6, 2025

Last sale price $780,000

Est. 24% increase in value since last sale

Current estimated payment $5,418 / mo

10 Days on Market

About This Home

As of March 2025

Attention investors! Own a piece of prime real estate in the heart of a bustling college town with this 10-plex property. With a steady demand for rentals from students and faculty, this is a great opportunity to generate rental income. Contact the listing agent today for rental information and unit details.

Last Agent to Sell the Property

Ariel Barrow

RE/MAX Elite Realty License #265227 Listed on: 12/11/2024

RE/MAX Elite Realty

Last Buyer's Agent

GLAR Non-Member

GLAR Office - non member

Property Details

Home Type

  • Multi-Family

Lot Details

  • 24,041 Sq Ft Lot

Home Design

Community Details

  • 10 Units
  • South Bluegrass Center Subdivision

Listing and Financial Details

  • Assessor Parcel Number 054C-0005-0029

Property Details

Home Type

Multi-Family

Lot Details

0.55 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Apartment
  • Structure Type: Multi Family
  • Year Built: 9999
  • New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Area: 0.55

Exterior Features

  • List Price: 905000.0

Lot Info

  • Lot Size Acres: 0.55
  • Lot Size Sq Ft: 24041.0
  • Parcel Number: 054C-0005-0029
  • Zoning Description: Commercial

Multi Family

  • Number of Units Total: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2024
Closed on
Mar 6, 2025
Sold by
Beckwith Enterprises Llc
Bought by
Gemstone Apartments Llc
Seller's Agent
Ariel Barrow
RE/MAX Elite Realty
Buyer's Agent
GLAR Non-Member
GLAR Office - non member
List Price
$905,000
Sold Price
$780,000
Premium/Discount to List
-$125,000
-13.81%
Views
3
Current Estimated Value
$968,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,631
Avg. Annual Appreciation
20.92%
Original Mortgage
$2,273,333
Outstanding Balance
$2,244,138
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
-$1,275,507
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gemstone Apartments Llc $1,821,000 None Listed On Document
Gemstone Apartments Llc $1,821,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gemstone Apartments Llc $2,273,333
Closed Gemstone Apartments Llc $2,273,333
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2025 03/06/25 Sold $780,000 -13.8% --
12/21/2024 12/21/24 Pending -- -- --
12/11/2024 12/11/24 For Sale $905,000 -- --
Source: ImagineMLS (Bluegrass REALTORS®)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,819 $405,000 $0 $0
2024 $3,593 $375,000 $0 $0
2023 $3,638 $375,000 $0 $0
2022 $484 $375,000 $0 $0
2021 $3,716 $375,000 $0 $0
2020 $3,794 $375,000 $0 $0
2019 $3,813 $375,000 $0 $0
2018 $3,811 $375,000 $0 $0
2017 $3,770 $375,000 $0 $0
2016 $3,740 $375,000 $0 $0
2015 $3,649 $375,000 $0 $0
2014 $3,589 $375,000 $0 $0
2012 $3,589 $375,000 $30,000 $345,000
Source: Public Records

Agents Affiliated with this Home

  • Ariel Barrow

    Seller's Agent in 2025

    Ariel Barrow

    RE/MAX

    41 in this area

    67 Total Sales

    Ariel Barrow
    Section Image

  • G

    Buyer's Agent in 2025

    GLAR Non-Member

    GLAR Office - non member

  • G

    Buyer's Agent in 2025

    GLAR GLAR Non-Member

    Non-Member Office

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 24025563

ImagineMLS (Bluegrass REALTORS®)

APN: 054C-0005-0029

Kentucky Madison County Richmond 40475

205 Keystone Dr, Richmond, KY

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ImagineMLS (Bluegrass REALTORS®) The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 LBAR Multiple Listing Service. All Rights Reserved.

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