NOT LISTED FOR SALE

121 Adela Ave Ludlow, KY 41016

Estimated Value: $540,031 - $571,000

-- Bed
-- Bath
4,257 Sq Ft
$130/Sq Ft Est. Value

About This Home

Property Id: 1483979

Newly Renovated 2-Bedroom 1-Bathroom unit in the heart of Ludlow, KY. Updated eat-in kitchen with brand new appliances and granite countertops. Brand new bathroom with tub shower. This unique unit comes with huge bedrooms, 10 ft ceilings and a charming fireplace with refinished hardwood floors and fresh paint to show it off.

Located directly across from Ludlow Schools, walking distance to Ludlow's Entertainment District and community parks, and short 10 minute drive to Downtown Covington, Downtown Cincinnati and CVG Airport.

Minimum 1 year lease. Owner pays for heat and trash. Tenant responsible for gas, electric, water and sanitation. Laundry available on-site. Security deposit $1,250. Deposit and first months rent due at signing. Applicant must complete background check, credit check and income verification. No smoking allowed.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2025
Sold by
Good Faith Homes Llc
Bought by
Grinstead Brothers Investments Llc
Current Estimated Value
$555,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$377,866
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$177,650

Purchase Details

Closed on
May 17, 2024
Sold by
Weil Joseph
Bought by
Good Faith Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,250
Interest Rate
6.16%
Mortgage Type
Construction

Purchase Details

Closed on
May 27, 2016
Sold by
Mjja Properties Llc
Bought by
Weil Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.59%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 4, 2011
Sold by
Meyer Dolores and Vonhandorf Theresa Ann Meyer
Bought by
Mjja Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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
Grinstead Brothers Investments Llc $525,000 Ivy Pointe Title
Grinstead Brothers Investments Llc $525,000 Ivy Pointe Title
Good Faith Homes Llc $272,000 Northwest Title
Weil Joseph $100,000 Attorney
Mjja Properties Llc $138,000 Kentucky Land Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grinstead Brothers Investments Llc $420,000
Closed Grinstead Brothers Investments Llc $420,000
Previous Owner Good Faith Homes Llc $305,250
Previous Owner Weil Joseph $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2025 02/10/25 Off Market -- -- --
01/21/2025 01/21/25 For Rent -- -- --

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
2025 $3,552 $272,000 $15,000 $257,000
2024 $2,015 $155,000 $15,000 $140,000
2023 $1,995 $155,000 $15,000 $140,000
2022 $2,278 $155,000 $15,000 $140,000
2021 $2,219 $135,000 $12,250 $122,750
2020 $2,212 $135,000 $12,250 $122,750
2019 $2,200 $135,000 $12,250 $122,750
2018 $2,223 $135,000 $12,250 $122,750
2017 $1,725 $100,000 $20,000 $80,000
2015 $1,358 $100,000 $20,000 $80,000
2014 $1,777 $138,000 $20,000 $118,000
Source: Public Records

Map

Kentucky Kenton County Ludlow 41016

121 Adela Ave, Ludlow, KY

Not Listed for Sale

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