$262,500
8 Bed · 4 Bath · 2,325 Sq Ft
Large family home in Saddlebrook — close to schools, park, and hospital
8
Beds
4
Baths
2,325
Sq Ft
1988
Built
0.39 acres
Lot
2-car attached
Garage
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.
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.
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.
Crestdale Elementary School
Elementary · 0.6 mi
Dennis Intermediate School
Middle
Richmond High School
High · 2.4 mi
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.
Spacious single-family home in a stable neighborhood with modern amenities and proximity to essential services. Suitable for large families or those seeking ample living space.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$250K
Midpoint
$263K
High
$275K
$112.9/SF estimated price per square foot
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.
As of 2026-06-11
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Stable population with modest income growth. Walkability Rating estimate: 45/100.
Located in the Saddlebrook subdivision, the property is close to schools, parks, healthcare facilities, and higher education institutions.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$83.64/SF
Arm's length transaction
Claim this property page to feature your contact info, photos, and list price.
Claim This Listing — $49One-time fee. Your info appears on this page across CompCasa.
Connect with a licensed local agent in this area.
Request a ShowingAre you a buyer's agent?
Claim ZIP 47374 — $49/yrProperty details may be compiled from public records, MLS-derived data, and automated analysis. Agent claim indicates the agent has claimed this profile or confirmed representation of the property; it does not mean the agent has verified all property details.