NOT LISTED FOR SALE

1008 Central Ave Newport, KY 41071

Estimated Value: $335,000 - $426,000

5 Beds
3 Baths
1,850 Sq Ft
$206/Sq Ft Est. Value

Last Sold March 24, 2021

Last sale price $156,000 $84 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $2,137/month

3 Days on Market

Highlights

  • Wood Frame Window
  • Forced Air Heating System
  • 5-minute walk to Buena Vista Park
  • Window Unit Cooling System

About This Home

As of March 2021

Investment opportunity! This large 3-unit multifamily home is centrally located in Newport just minutes from Newport on the Levee and downtown Cincinnati. There are (2) 2-bedroom units and (1) 1-bedroom unit. There is a fire escape reaching all the way up to the 3rd floor. History has shown that this building is very rentable. This home could use some additional love and attention. Schedule your appointment today!

Last Agent to Sell the Property

Rob Beimesche

Huff Realty - CC License #204106 Listed on: 03/05/2021

Huff Realty - CC

Last Buyer's Agent

Stephanie Benedetti

RE/MAX Victory + Affiliates License #200668

RE/MAX Victory + Affiliates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,290

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 30x115

Home Design

  • Triplex
  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3-Story Property
  • Wood Frame Window
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking

Schools

  • Newport Elementary School
  • Newport Intermediate
  • Newport High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 999-99-01-801.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,290

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Cooling: Window Unit(s)
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Lot Size: 30x115
  • Directions: 471 to Memorial Pkwy towards Newport. Continue on 10th Street, turn Left on Central. House is on Right.
  • New Construction: No
  • Structure Type: Triplex
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: Newport Elementary
  • Location Tax Legal Info:Middle or Junior School: Newport Intermediate
  • Location Tax Legal Info:High School: Newport High
  • Contract Info:Auction YN: No
  • General Property Description:Fireplace YN: No
  • General Property Description:Lot Size Dimensions: 30x115
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Natural Gas Available: Yes
  • Water Source:Public: Yes
  • Location Tax Legal Info:Tax ID: 999-99-01-801.00
  • Roof:Composition: Yes
  • Foundation:Stone3: Yes
  • Property Ownership:EstateTrust: Yes
  • Cooling:Window Unit(s): Yes
  • General Property Description:_pound_ of Buildings: 1
  • General Property Description:Number Of Units Total: 3
  • Levels:Three Or More2: Yes
  • Structure Type:Triplex: Yes
  • Special Features: None

Interior Features

  • Heating: Forced Air
  • Levels: Three Or More
  • Property Type: MultiFamily
  • Number Of Buildings: 1
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Window Features: Wood Frames
  • Full Basement: Yes

Exterior Features

  • Roof: Composition, Shingle
  • Construction Type: Brick
  • Foundation Details: Stone
  • Construction Materials:Brick2: Yes
  • Window Features:Wood Frames: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, On Street
  • Parking Features:On Street: Yes
  • Parking Features:No Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Newport Elementary
  • Junior High Dist: Newport Indep
  • High School: Newport High
  • Middle Or Junior School: Newport Intermediate

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2022
Sold by
Sukkah Llc
Bought by
Gall Matthew M
Current Estimated Value
$381,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,932
Outstanding Balance
$303,586
Interest Rate
3.22%
Mortgage Type
FHA
Estimated Equity
$77,723

Purchase Details

Listed on
Mar 5, 2021
Closed on
Mar 24, 2021
Sold by
Feldman Diane and Estate Of Gladys Gerner
Bought by
Sukkah Llc
Seller's Agent
Rob Beimesche
Huff Realty - CC
Buyer's Agent
Stephanie Benedetti
RE/MAX Victory + Affiliates
List Price
$155,000
Sold Price
$156,000
Premium/Discount to List
$1,000
0.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.70%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gall Matthew M $335,000 New Title Company Name
Sukkah Llc $156,000 Kentucky Land Title Agcy Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gall Matthew M $328,932
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2021 03/24/21 Sold $156,000 +0.6% $84 / Sq Ft
03/08/2021 03/08/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $155,000 -- $84 / Sq Ft
Source: Northern Kentucky Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

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
2024 $1,290 $335,000 $20,000 $315,000
2023 $1,323 $335,000 $10,000 $325,000
2022 $1,540 $335,000 $10,000 $325,000
2021 $696 $119,000 $8,000 $111,000
2020 $706 $119,000 $8,000 $111,000
2019 $509 $71,000 $5,900 $65,100
2018 $504 $71,000 $5,900 $65,100
2017 $506 $71,000 $5,900 $65,100
2016 $427 $71,000 $0 $0
2015 $432 $71,000 $0 $0
2014 $426 $71,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 546507

Northern Kentucky Multiple Listing Service

APN: 999-99-01-801.00