548 Phelps Rd, Richmond, KY 40475 Property Records

Madison County property record for 548 Phelps Rd, Richmond, KY 40475

Property Summary

Property Type	Single Family Home
Lot Size	7.5 acres (326,700 sqft)
Owner	Individual Name on File
Last Sale	$110,000 (May 2018)
Tax Bill	$1,099 (2025)
Deeds & Mortgages	Apr 2022 Line of Credit May 2018 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`0077-0000-0003-C`

Property Details

APN / Parcel Number

Primary APN	`0077-0000-0003-C`
Alternative APNs	`129014` `91890` `58791`

Exterior

Lot Area	326,700 sqft (7.5 acres)

Location & Zoning

Account Number	58791
Street Address	548 PHELPS RD
City	RICHMOND
State	KY
Zip	40475-9359
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	7.50 ACRES
Jurisdiction	MADISON KY
Township / Civil Division	BOONESBOROUGH-WHITE HALL
Census Block Group	2
Census Block	2006
Census Tract	10101

Owner

548 Phelps Rd is owned and occupied by an individual who bought it in May 2018.

Source: Madison County records, as of December 8, 2025

Owner of Record	Individual Name on File
Co-owner	Co-owner on File
Mailing Address	548 PHELPS RD, RICHMOND, KY 40475-9359
Occupancy	Owner Occupied
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Apr 13, 2022	Deed of Trust, Mortgage · Line of Credit CUMBERLAND VALLEY NATL BANK & TRUST CO
May 14, 2018	Deed, Transfer · ARM CUMBERLAND VALLEY NATL BANK & TRUST CO

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	May 14, 2018 · Amount on File
Deed Sale	May 14, 2018 · Amount on File
Deed Document Number	2013975717
Deed Book / Page	D00759 / 275
Record Updated	Jun 8, 2026

April 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MADISON KY
Property Address	548 PHELPS RD, RICHMOND, KY 40475-9359
Transaction Type	Mortgage
Record Updated	Feb 17, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	320 LIBERTY CHURCH RD, CRAB ORCHARD, KY 40419-9746

Mortgage

Document Number	0M2151/360
Date	Apr 13, 2022
Book Page	M2151/360
Instrument	2014086517

Lender

Name	CUMBERLAND VALLEY NATL BANK & TRUST CO
Type	Bank
Address	LONDON, KY 40743

Agreement

Type	Line of Credit
Amount	Amount on Record

May 2018: Deed, Transfer

Document Type	Deed
Jurisdiction	MADISON KY
Recording Date	May 14, 2018
Property Address	548 PHELPS RD, RICHMOND, KY 40475-9359
Document Number	D00759/275
Book / Page	D00759 / 275
Instrument Date	May 14, 2018
Instrument	2013975717
Transaction Type	Transfer
Record Updated	Feb 17, 2023

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$110.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	00000

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	548 PHELPS RD, RICHMOND, KY 40475-9359

Mortgage

Document Number	M01803/167
Date	May 14, 2018
Book Page	M01803/167
Instrument	2013975718

Lender

Name	CUMBERLAND VALLEY NATL BANK & TRUST CO
Type	Bank
Address	LONDON, KY 40741

Agreement

Type	ARM
Amount	Amount on Record
Term	361 Months
Due	Jun 1, 2048

Interest

Rate Type	Adjustable Rate
Rate	5.41%
Type Change Date	Jun 1, 2023
Change Frequency	Annually
Min Rate At Change	4.5%
Max Rate At Change	7.41%
Index	5-Year CMT
Margin	4
Max Rate	11.4%

Tax Assessment & Valuation

The 2025 property tax bill for 548 Phelps Rd was $1,099 with an additional exemption.

Source: Madison County assessment roll, as of April 1, 2025

Property Jurisdictions

Type	Name
State	Kentucky
County	Madison County
Unified School District	Madison County School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$1,099.00 Additional exemption filed	$116,600	$116,600
2023	$1,131.00	$116,600	$116,600

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 548 Phelps Rd in Zone X, an area of minimal flood risk, though there have been 2 flood claims nearby since 2021.

Source: FEMA National Flood Hazard Layer, effective December 21, 2017 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 9 (5% premium discount)
Nearby Flood Policies	1 in force
Nearby Flood Claims	2 (2021–2026)
Most Recent Claim	Jun 2026 · Severe Storms, Straight-line Winds, Flooding, Landslides, And Mudslides

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 548 Phelps Rd is low, with a 0.04% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · lower than 63% of Kentucky
Wildfire Likelihood	0.04% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	MADISON CO UTILITIES DISTRICT serves 25,120 people · EPA ID KY0760224
Water Source	Purchased surface water from RICHMOND UTILITIES
Last State Inspection	Nov 2024
Lead	Under 1 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	E. coli resolved · Jun 2019
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 5 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Starlink Satellite	280 / 30
Verizon Fixed Wireless	25 / 6

May also be available: AT&T.

Cell Coverage

4G LTE (outdoors only), no 5G reported

Nearby Properties on Phelps Rd

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