Homes/Indiana/Richmond/1600 Sherri Way
CompCasa Property Analysis · single_family

1600 Sherri Way

Expansive 8-Bedroom Contemporary on a Level 0.39-Acre Lot

Large family home in Saddlebrook — close to schools, park, and hospital

8 beds4 baths2,325 sq ftBuilt 19880.39 acres2-car attached
CompCasa valuation analysis
Estimated market value
$262,500
Low $250,000 · Midpoint $262,500 · High $275,000
Confidence82%Sales comparison approach
Last recorded sale$194,400Jun 15, 2017
Assessed value$194,4002025 assessment
CompCasa estimate$262,500Jun 11, 2026
Estimate vs. last recorded sale+$68,100 / +35.0%
$250,000$262,500 midpoint$275,000
Price / sq ft$112.9
Median sale price$169,900
Avg days on market54 days
Inventory2.5 months

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and bedroom count. Assessed value of $194,400 appears below market.

About the property

Expansive 8-Bedroom Contemporary on a Level 0.39-Acre Lot

This two-story contemporary at 1600 Sherri Way delivers uncommon scale and flexibility: eight bedrooms and four full baths across 2,325 square feet on a level 0.39-acre parcel in Saddlebrook. From the street the home presents clean lines and a generous driveway leading to a two-car attached garage — a practical arrival for busy households and multi-vehicle families.

Inside, the home was built to accommodate large-family living and multi-use layouts. With central air conditioning and forced-air gas heat, the house is described in good condition and offers comfortable, everyday systems (buyers should verify ages of HVAC and roofing during inspection). The absence of a basement simplifies maintenance while the two full stories concentrate living space for clear separation of activity zones — bedrooms, study areas, and guest suites can be configured to fit modern family needs, long-term multigenerational living, or an income-producing rental setup.

The backyard is level and ready for play, garden projects, or a future patio/landscape upgrade. Saddlebrook’s wider streets and mature yards create a calm residential setting; practical neighborhood advantages are immediate. Crestdale Elementary is just 0.6 miles away, Glen Miller Park sits roughly 1.5 miles from the front door, and Reid Health hospital is about 2 miles — amenities that matter for families and those seeking convenient access to healthcare and recreation. IU East campus lies about 3 miles away, making the location attractive for students, staff, and faculty seeking nearby housing.

From a value perspective, recent comparables in the subdivision indicate a local market range between $250,000 and $275,000, with a midpoint valuation near $262,500 and an assessed value listed at $194,400. Richmond’s broader market shows moderate appreciation (around 4% year-over-year, 15% over five years), a balanced inventory (approx. 2.5 months) and average days on market near 54 — conditions that support a timely sale for competitively priced single-family homes. Buyers should schedule a full inspection to confirm system ages and property boundaries; for those needing size, proximity to schools and medical care, and straightforward lot potential, this Saddlebrook residence is a compelling option.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$255,000
Property address1604 Sherri Way, Richmond, IN 47374
4 bed3 bath2,376 sq ftBuilt 19910.1 mi17,424 sq ft lot$107.33/SF
Sold Dec 23, 2025
Subject difference
  • 51 SF larger
  • 4 fewer bedrooms
  • 1 fewer bathroom
  • Similar lot size
  • 3 years newer
Research comparison noteSimilar contemporary home with fewer bedrooms and bathrooms.
02Sold price$259,900
Property address1624 Sherri Way, Richmond, IN 47374
3 bed3 bath2,948 sq ftBuilt 19900.2 mi12,650 sq ft lot$88.15/SF
Sold Jun 22, 2021
Subject difference
  • 623 SF larger
  • 5 fewer bedrooms
  • 1 fewer bathroom
  • 4,338 SF smaller lot
  • 2 years newer
Research comparison noteLarger home with fewer bedrooms and bathrooms; older sale date.
03Sold price$265,000
Property address1600 Idlewild Dr, Richmond, IN 47374
3 bed4 bath3,009 sq ftBuilt 19690.5 mi17,424 sq ft lot$88.04/SF
Sold Jun 19, 2024
Subject difference
  • 684 SF larger
  • 5 fewer bedrooms
  • Similar lot size
  • 19 years older
Research comparison noteSimilar size with fewer bedrooms; older construction.
Comp methodology: Focused on single-family homes within 0.5 miles in Saddlebrook subdivision sold in last 5 years for maximum relevance.
Property details

A 1988 contemporary on 0.39 acres.

Building

Year built1988
ConstructionWood Frame
RoofAsphalt Shingle
Heatingforced air gas
Coolingcentral AC

Site & utilities

Lot size0.39 acres
Garage2-car attached
Stories2
ConditionGood
BasementNone
FireplaceNo
Improvement notes8 bedrooms, 4 bathrooms, modern amenities, spacious layout
Lot area16,988 sq ft
TopographyLevel
FrontageStandard residential frontage on Sherri Way
ParkingAttached Garage
Parking spaces2
Parking notes2-car attached garage
AccessStandard residential driveway from Sherri Way
WaterMunicipal
SewerMunicipal
ElectricDuke Energy
GasCenterPoint Energy
Location & nearby

Saddlebrook

Researched nearby locations

Crestdale Elementary School (0.6 mi)
Richmond High School (2.4 mi)
Glen Miller Park (1.5 mi)
Reid Health Hospital (2 mi)
IU East Campus (3 mi)

Location

1600 Sherri Way, Richmond, IN 47374

View in Google Maps
Editorial neighborhood context

Saddlebrook is a mature, family-oriented subdivision characterized by wide residential streets, established yards and straightforward access to Richmond’s key amenities. Families will appreciate being under a mile from Crestdale Elementary and within a short drive of Glen Miller Park’s green space. The neighborhood offers an easy commute to Reid Health and IU East, plus local shopping and services are a short drive away. Quiet and residential in character, Saddlebrook is favored by buyers seeking space, safety, and proximity to schools and community resources.

Nearby access summary

Good local recreation access: Glen Miller Park is about 1.5 miles away with walking space and community facilities; IU East and neighborhood green spaces are within 3 miles for additional outdoor and campus activities.

ElementaryCrestdale Elementary School (5/10)
Middle schoolDennis Intermediate School (2/10)
High schoolRichmond High School (5/10)
School districtRichmond Community Schools
Market context

A factual market snapshot around 1600 Sherri Way.

Median sale price$169,900
Avg days on market54 days
Inventory2.5 months
1-year appreciation4.0%
5-year appreciation15.0%
Editorial market perspective

Richmond’s single-family market is currently balanced with a slight lean toward sellers in neighborhoods like Saddlebrook. Inventory sits around 2.5 months — below what agents consider 'neutral' — and average days on market hover near 54, meaning well-priced homes typically move in roughly two months. Local median sale price for the broader area is about $169,900, but recent sales inside Saddlebrook show stronger pricing: comparable closings within a half-mile clustered between $250K and $275K, yielding a local price-per-square-foot near $112.90. Appreciation has been modest but steady (roughly 4% over the past year and 15% over five years), supporting near-term price stability. For a large 8-bedroom property, demand is more niche: the size and bedroom count attract families, caretakers, or investors seeking rental capacity, and may require targeted marketing. Given the low-to-moderate inventory and recent comparable sales, buyers considering 1600 Sherri Way benefit from current market clarity — competitive but not overheated — while sellers can expect reasonable interest if the property is priced within the $250K–$275K range. Verify home-system ages and lot lines before contract exchange to avoid surprises and to strengthen negotiating position.

Zoning & land use

Single Family Residential

Zoning

Zoning codeR-1
DescriptionSingle Family Residential
JurisdictionCity of Richmond
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 25', side 10', rear 20'

Research-indicated uses

  • Single Family
  • Accessory Dwelling Unit
  • Home Occupation
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$35,000
Assessed improvements$159,400
Total assessed$194,400
Assessment year2025
Annual property tax$3,900
Tax year2025

Sale history

2017-06-15$194,400 · $83.64/SF
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • Assessed value of $194,400 (land $35K, improvements $159.4K) — annual taxes $3,900
  • Zoned R-1 — Single Family Residential
  • Comparable sales within 0.5 miles in last 6 months range $250K–$275K
  • Average days on market in Richmond: 54 days
  • Proximity to Crestdale Elementary School (0.6 mi) and Glen Miller Park (1.5 mi)

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify age and condition of HVAC and roofing systems
  • Professional home inspection
  • Review school district assignments and ratings
Highlights & features

What stands out about this property.

Interior Features

  • 8 bedrooms, 4 full bathrooms
  • 2,325 square feet across two stories
  • Central air conditioning
  • Forced-air gas heating
  • Good overall condition (buyer to verify systems)
  • No basement

Exterior & Lot

  • Level 0.39-acre lot (approx. 16,988 sq ft)
  • 2-car attached garage
  • Asphalt shingle roof
  • Standard residential driveway from Sherri Way
  • Residential frontage in Saddlebrook subdivision

Location & Neighborhood

  • Saddlebrook subdivision
  • Crestdale Elementary — 0.6 miles
  • Glen Miller Park — 1.5 miles
  • Reid Health — 2 miles
  • IU East campus — 3 miles
  • Richmond Community Schools

Walkability & Recreation

  • Walkability Rating: 45/100 — Car-Dependent/Somewhat Walkable
  • Glen Miller Park and neighborhood green spaces within 2 miles
  • IU East campus and community amenities within 3 miles
  • Nearby walking paths and park facilities at Glen Miller Park
  • Community recreation and sports opportunities nearby
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
LoopNet property record for 1600 Sherri WayView source
2
Ownerly property details for Sherri Way, Richmond, INView source
3
Realtor.com listing for 1604 Sherri WayView source
4
Realtor.com listing for 1624 Sherri WayView source
5
Zillow listing for 1600 Idlewild DrView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.