The three-story building in the style of late classicism is located at the corner of Vozdvizhenska and Romanov Lane. Special attention is drawn to the corner domed rotunda with columns of the Tuscan order, whose picturesque quality stands out against the more restrained facades of the side wings. Little is known about the early history of the house, and researchers have not reached a consensus on the exact date of its construction and the name of the architect. It is only known that construction began in the 1790s at the request of A.K. Razumovsky, the son of Count K.G. Razumovsky, a well-known nobleman of the Elizabethan era. In 1799, Razumovsky sold the house to his son-in-law N.P. Sheremetev.

Nikolai Petrovich Sheremetev, heir to a noble lineage and owner of the best serf theater, entered history as a patron and philanthropist. He dared to break class boundaries by marrying his serf, the talented actress Praskovya Ivanovna Zhemchugova. The Sheremetevs moved into the new house in 1801, which became fateful for them: their long-term union was legalized by marriage. However, the couple did not live here long, soon moving to St. Petersburg. In 1803, Praskovya Ivanovna passed away, and this house became her last Moscow address.

Count Sheremetev dedicated the rest of his life to charity and nearly completed the establishment of the Shelter House, conceived during his wife's lifetime. He died in 1809, and the house on Vozdvizhenska passed to his son Dmitry, who continued his father's work. Dmitry expanded the capabilities of the Shelter House, which remained under the guardianship of the Sheremetevs until 1917. He also donated significant sums for the construction of educational institutions, churches, and charitable organizations. The last pre-revolutionary owner of the house, Sergey Dmitrievich Sheremetev, was known as a public figure and author of works on the history of Moscow and suburban estates. Among his works is a book about the family mansion on Vozdvizhenska, which describes the building, its inhabitants, and the spirit of that time.

After the death of S.D. Sheremetev in 1918, the mansion was converted into communal housing. In the late 20th century, the house lost the stairs to the main entrance, which, fortunately, have been restored. The building has been renovated and now houses 'Moskomstroinvest' and the Department for the Development of New Territories of Moscow.