1 Fayette St Covington, KY 41014
Wallace Woods NeighborhoodEstimated payment $1,496/month
Highlights
- Open Floorplan
- Property is near public transit
- Corner Lot
- Deck
- Traditional Architecture
- 3-minute walk to Meinken Field
About This Home
Completely renovated from top to bottom, this Covington home is ideal for a first-time homeowner or investor seeking a low-maintenance rental property close to downtown. Everything is new—roof, HVAC, plumbing, electric, windows, water heater, siding, gutters, doors, deck, drywall, and waterproofed basement—offering long-term peace of mind. The main floor features an open layout with a bright kitchen, large island for casual dining, and a flexible first-floor room that works perfectly as an office, guest bedroom, or formal dining space. Upstairs you'll find two comfortable bedrooms and a stylish full bath. Located on a corner lot with off-street parking, this home backs up to the sought-after Wallace Woods neighborhood and is steps from Meinken Park, Dixie Chili, and the Licking River. With projected rents up to $2,100/month, it's a smart option for buyers who want both comfort and long-term value.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,590
Year Built
- Built in 1927
Lot Details
- 3,225 Sq Ft Lot
- Lot Dimensions are 43 x 75
- Chain Link Fence
- Corner Lot
- Private Yard
Parking
- Off-Street Parking
Home Design
- Traditional Architecture
- Block Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,496 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Woodwork
- High Ceiling
- Ceiling Fan
- Fireplace
- Insulated Windows
- Family Room
- Unfinished Basement
- Laundry in Basement
- Washer Hookup
Kitchen
- Eat-In Kitchen
- Electric Cooktop
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Tile Countertops
Flooring
- Carpet
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- Double Vanity
Outdoor Features
- Deck
- Porch
Location
- Property is near public transit
Schools
- Sixth District Elementary School
- Holmes Middle School
- Holmes Senior High School
Utilities
- Forced Air Heating and Cooling System
- High Speed Internet
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 055-42-08-001.00
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,590 | $120,000 | $10,000 | $110,000 |
| 2024 | $1,578 | $120,000 | $10,000 | $110,000 |
| 2023 | $462 | $30,000 | $10,000 | $20,000 |
| 2022 | $392 | $65,000 | $10,000 | $55,000 |
| 2021 | $441 | $65,000 | $10,000 | $55,000 |
| 2020 | $457 | $65,000 | $10,000 | $55,000 |
| 2019 | $462 | $65,000 | $10,000 | $55,000 |
| 2018 | $496 | $65,000 | $10,000 | $55,000 |
| 2017 | $401 | $58,500 | $10,000 | $48,500 |
| 2015 | $508 | $58,500 | $10,000 | $48,500 |
| 2014 | $483 | $58,500 | $10,000 | $48,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/04/2025 11/04/25 | Price Changed | $259,900 | -1.9% | $174 / Sq Ft | |
| 10/23/2025 10/23/25 | For Sale | $265,000 | +76.7% | $177 / Sq Ft | |
| 09/12/2025 09/12/25 | Sold | $150,000 | -6.3% | $100 / Sq Ft | View Prior Sale |
| 08/27/2025 08/27/25 | Pending | -- | -- | -- | |
| 07/19/2025 07/19/25 | For Sale | $160,000 | -- | $107 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $150,000 | None Listed On Document | |
| Warranty Deed | $120,000 | None Listed On Document | |
| Warranty Deed | $30,000 | Arnzen Storm & Turner Psc | |
| Warranty Deed | $58,500 | -- | |
| Deed | $44,600 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $194,850 | Construction | |
| Previous Owner | $5,000 | Unknown | |
| Previous Owner | $46,800 | Fannie Mae Freddie Mac |
Source: Northern Kentucky Multiple Listing Service
MLS Number: 637412
APN: 055-42-08-001.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers.
Listing information is deemed reliable, but not guaranteed.
Copyright 2025 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
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