1616 Jefferson Ave Covington, KY 41014
Peaselburg Neighborhood
5
Beds
2
Baths
1,500
Sq Ft
4,792
Sq Ft Lot
Highlights
- Fireplace
- 1-Story Property
- 1-minute walk to Lance Corporal Justin Sims Memorial Park
- Window Unit Cooling System
- Forced Air Heating System
About This Home
As of April 2025Perfect for investors or owner occupants! This cash flowing duplex has been well maintained. Unit 1 rented for $1060 and unit 2 has historically rented for $1200/month via section 8. New roof and recently turned basement unit makes this an easy turn key buy and hold in a booming neighborhood! Square footage listed is only for the top floor.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,236
Year Built
- Built in 1894
Lot Details
- 4,792 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Duplex
- Stone Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,500 Sq Ft Home
- 1-Story Property
- Fireplace
- Vinyl Clad Windows
- Basement Fills Entire Space Under The House
- Electric Oven
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Schools
- Glenn O. Swing Elementary School
- Holmes Middle School
- Holmes Senior High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Community Details
- 2 Units
- The community has rules related to allowing corporate owners
Listing and Financial Details
- Assessor Parcel Number 055-12-09-048.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 6, 2025
Closed on
Apr 25, 2025
Sold by
S Ridge Llc
Bought by
Kobes John and Kobes Rosemarie
Seller's Agent
Cory Behm
Transaction Alliance LLC
Buyer's Agent
Cory Behm
Transaction Alliance LLC
List Price
$189,900
Sold Price
$185,000
Premium/Discount to List
-$4,900
-2.58%
Views
100
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,495
Avg. Annual Appreciation
1.02%
Purchase Details
Closed on
Jan 31, 2023
Sold by
Bruening Meredith L and Bruening Brian M
Bought by
S Ridge Llc
Purchase Details
Listed on
Oct 15, 2020
Closed on
Jan 7, 2021
Sold by
Lawson Russell
Bought by
Bruening Meredith L and Bruening Brian M
Seller's Agent
Doris Brooks
Neltner Realty
Buyer's Agent
Cory Behm
Transaction Alliance LLC
List Price
$109,000
Sold Price
$94,000
Premium/Discount to List
-$15,000
-13.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.00%
Original Mortgage
$70,500
Interest Rate
2.71%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 5, 2020
Sold by
Lawson Russell
Bought by
Lawson Russell and Russell Lawson Living Trust
Purchase Details
Closed on
Feb 6, 2020
Sold by
Russell Lawson Living Trust and Lawson Russell
Bought by
Bruening Meredith L and Bruening Brian M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,500
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 31, 2020
Sold by
Lawson Russell and Lawson April
Bought by
Lawson Russell
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,500
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 31, 2017
Sold by
Lawson Russell
Bought by
Lawson Russell and Lawson April
Purchase Details
Closed on
Oct 25, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Lawson Russell
Purchase Details
Closed on
Dec 5, 2011
Sold by
Talbott Ray E and Talbott Lisa
Bought by
Secretary Of Housing & Urban Development
Purchase Details
Closed on
Sep 15, 2008
Sold by
Sandoval Francisco and Sandoval Margarita
Bought by
Hud
Purchase Details
Closed on
Aug 22, 2005
Sold by
Castaneda Jose and Castaneda Carlotta
Bought by
Sandoval Francisco and Sandoval Margarita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,737
Interest Rate
5.61%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 8, 1996
Sold by
Elliott Marie
Bought by
Castaneda Jose M
Similar Home in Covington, KY
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $185,000 | 360 American Title | |
| Warranty Deed | $185,000 | 360 American Title | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $94,000 | 360 American Title Svcs Llc | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $94,000 | 360 American Title | |
| Quit Claim Deed | $25,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $11,100 | Regional First Title Group | |
| Commissioners Deed | $26,100 | None Available | |
| Commissioners Deed | $34,667 | None Available | |
| Deed | $87,500 | Community Title Inc | |
| Deed | $35,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $70,500 | New Conventional | |
| Previous Owner | $70,500 | New Conventional | |
| Previous Owner | $32,153 | FHA | |
| Previous Owner | $83,737 | FHA | |
| Previous Owner | $5,000 | Stand Alone Second | |
| Previous Owner | $52,300 | Unknown | |
| Previous Owner | $34,950 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2025 04/25/25 | Sold | $185,000 | -2.6% | $123 / Sq Ft |
| 02/27/2025 02/27/25 | Pending | -- | -- | -- |
| 02/06/2025 02/06/25 | For Sale | $189,900 | +102.0% | $127 / Sq Ft |
| 01/07/2021 01/07/21 | Sold | $94,000 | -5.0% | $103 / Sq Ft |
| 11/24/2020 11/24/20 | Pending | -- | -- | -- |
| 11/06/2020 11/06/20 | Price Changed | $98,900 | -9.3% | $109 / Sq Ft |
| 10/27/2020 10/27/20 | For Sale | $109,000 | 0.0% | $120 / Sq Ft |
| 10/25/2020 10/25/20 | Pending | -- | -- | -- |
| 10/15/2020 10/15/20 | For Sale | $109,000 | -- | $120 / Sq Ft |
Source: Northern Kentucky Multiple Listing Service
Tax History Compared to Growth
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 | $1,236 | $94,000 | $5,000 | $89,000 |
| 2023 | $1,252 | $94,000 | $5,000 | $89,000 |
| 2022 | $1,292 | $94,000 | $5,000 | $89,000 |
| 2021 | $449 | $25,000 | $5,000 | $20,000 |
| 2020 | $447 | $25,000 | $5,000 | $20,000 |
| 2019 | $451 | $25,000 | $5,000 | $20,000 |
| 2018 | $459 | $25,000 | $5,000 | $20,000 |
| 2017 | $465 | $25,000 | $6,000 | $19,000 |
| 2015 | $601 | $25,000 | $6,000 | $19,000 |
| 2014 | $487 | $25,000 | $6,000 | $19,000 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Cory Behm
Transaction Alliance LLC
(513) 560-5489
8 in this area
302 Total Sales
-
Seller's Agent in 2021
Doris Brooks
Neltner Realty
(859) 663-0809
1 in this area
27 Total Sales
Map
Source: Northern Kentucky Multiple Listing Service
MLS Number: 629799
APN: 055-12-09-048.00
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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