NOT LISTED FOR SALE

2001 Scott Blvd Covington, KY 41014

Wallace Woods Neighborhood

Estimated Value: $439,076

11 Beds
4 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold July 15, 2022

Last sale price $364,900

Est. 20% increase in value since last sale

Current estimated payment $2,697/month

Highlights

  • City View
  • Corner Lot
  • Window Unit Cooling System
  • Property is near public transit
  • Fireplace
  • Forced Air Heating System

About This Home

As of July 2022

HISTORIC WALLACE WOODS CASH COW COMMERCIAL BUILDING! Bring your business here or just enjoy the net profits. Very nice 4 unit apartments with one 2 bedroom unit that can be used as commercial, and 3 units with 3 bedrooms. Laundry room has a coin operated washer & dryer, bill changer and soft drink machine brings in $ 250.00 a month.
All units are rented

Last Agent to Sell the Property

Doris Brooks

Neltner Realty License #186845 Listed on: 05/20/2022

Last Buyer's Agent

Christopher Fries

OwnerLand Realty, Inc. License #220398

OwnerLand Realty, Inc.

Property Details

Home Type

  • Multi-Family

Lot Details

  • 4,356

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Membrane Roofing

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Vinyl Clad Windows
  • City Views
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • On-Street Parking
  • Off-Street Parking

Schools

  • Glenn O. Swing Elementary School
  • Holmes Middle School
  • Holmes Senior High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • 220 Volts
  • Gas Available

Additional Features

  • Corner Lot
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas, heat, sewer, water
  • The owner pays for electricity, gas, heat, sewer, water
  • Assessor Parcel Number 055-14-21-003.00

Community Details

Building Details

  • Electric Expense $6,038
  • Trash Expense $806
  • Water Sewer Expense $2,292
  • New Taxes Expense $1,473
  • Gross Income $50,400

Additional Features

  • 4 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Cooling: Window Unit(s)
  • Property Condition: Existing Structure
  • Property Sub Type: Multi Family
  • Owner Pays: Electricity, Gas, Heat, Sewer, Water
  • Lot Size: 189,137,520
  • Directions: Madison Ave to 20th St.
  • New Construction: No
  • Structure Type: Apartment
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: Glenn O. Swing Elementary
  • Location Tax Legal Info:Middle or Junior School: Holmes Middle School
  • Location Tax Legal Info:High School: Holmes Senior High
  • Contract Info:Auction YN: No
  • General Property Description:Basement YN2: Yes
  • General Property Description:Fireplace YN: No
  • General Property Description:Lot Size Dimensions: 189,137,520
  • Sewer:Public Sewer: Yes
  • Utilities:Natural Gas Available: Yes
  • Water Source:Public: Yes
  • Miscellaneous Home Warranty: No
  • Security Features:Smoke Detector(s): Yes
  • Location Tax Legal Info:Tax ID: 055-14-21-003.00
  • Foundation:Block4: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • View:City3: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Cooling:Window Unit(s): Yes
  • General Property Description:_pound_ of Buildings: 1
  • Utilities:Separate Furnace: Yes
  • Utilities:Separate Gas Electric: Yes
  • Structure Type:Apartment: Yes
  • General Property Description:Number Of Units Total: 4
  • Levels:Two2: Yes
  • Roof:Membrane: Yes
  • Owner Pays:Electricity4: Yes
  • Owner Pays:Gas4: Yes
  • Financial Info:Electric Expense: 6038.0
  • Financial Info:New Taxes Expense: 1473.0
  • Financial Info:Trash Expense: 806.0
  • Financial Info:Water Sewer Expense: 2292.0
  • Laundry Features:Coin Laundry: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: 220 Volts
  • Heating: Natural Gas, Forced Air
  • Levels: Two
  • Property Type: MultiFamily
  • Tenant Pays: Electricity, Gas, Heat, Sewer, Water
  • Number Of Buildings: 1
  • Appliances: Dryer, Washer
  • Accessibility Features: None
  • Full Bathrooms: 4
  • Total Bedrooms: 11
  • Fireplace: No
  • Window Features: Vinyl Clad Window(s)
  • Full Basement: Yes
  • Interior Features 220 Volts: Yes

Exterior Features

  • View: City
  • Roof: Membrane
  • Lot Features: Corner Lot, Near Public Transit
  • View: Yes
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Block
  • Construction Materials:Brick2: Yes
  • Lot Features:Corner Lot: Yes
  • Accessibility Features:None15: Yes
  • Window Features:Vinyl Clad Window(s): Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, Off Street, On Street
  • Parking Features:Off Street2: Yes
  • Parking Features:On Street: Yes
  • Parking Features:No Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Coin Laundry
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Sewer Available, Water Available
  • Heating:Natural Gas2: Yes
  • Heating:Forced Air: Yes

Fee Information

  • Trash Expense: 806.0
  • Annual Water Sewer Expense: 2292.0

Schools

  • Elementary School: Glenn O. Swing Elementary
  • Junior High Dist: Covington Indep
  • High School: Holmes Senior High
  • Middle Or Junior School: Holmes Middle School

Multi Family

  • Gross Income: 50400.0
  • Number Of Units Total: 4
  • Electric Expense: 6038.0

Tax Info

  • New Taxes Expense: 1473.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Jul 13, 2022
Sold by
Russell Lawson Living Trust
Bought by
J Davis Law Firm Pllc
Seller's Agent
Doris Brooks
Neltner Realty
Buyer's Agent
Christopher Fries
OwnerLand Realty, Inc.
List Price
$379,900
Sold Price
$364,900
Premium/Discount to List
-$15,000
-3.95%
Current Estimated Value
$439,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,176
Avg. Annual Appreciation
5.51%
Original Mortgage
$273,000
Outstanding Balance
$260,596
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$178,481

Purchase Details

Closed on
Jun 5, 2020
Sold by
Lawson Russell
Bought by
Lawson Russell and Russell Lawson Living Trust

Purchase Details

Closed on
Jan 31, 2020
Sold by
Lawson Russell and Lawson April
Bought by
Lawson Russell

Purchase Details

Closed on
Mar 31, 2017
Sold by
Lawson Russell
Bought by
Lawson Russell and Lawson April

Purchase Details

Closed on
Aug 7, 2015
Sold by
Hershner Timothy Patrick and Hershner Robin Jay
Bought by
Clinton Ray D and Lawson Russell A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
J Davis Law Firm Pllc $364,900 Sherrow Marshall Schrader Psc
Lawson Russell -- None Available
Lawson Russell $57,000 Gilbert Scott T
Lawson Russell $57,000 None Available
Clinton Ray D $57,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J Davis Law Firm Pllc $273,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2022 07/15/22 Sold $364,900 -3.9% --
05/24/2022 05/24/22 Pending -- -- --
05/23/2022 05/23/22 For Sale $379,900 -- --
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
2025 $4,835 $364,900 $20,000 $344,900
2024 $4,798 $364,900 $20,000 $344,900
2023 $4,860 $364,900 $20,000 $344,900
2022 $1,885 $112,000 $20,000 $92,000
2021 $1,287 $57,000 $20,000 $37,000
2020 $1,283 $57,000 $20,000 $37,000
2019 $1,293 $57,000 $20,000 $37,000
2018 $1,311 $57,000 $20,000 $37,000
2017 $1,324 $57,000 $20,000 $37,000
2015 $1,982 $99,000 $15,000 $84,000
2014 $2,051 $99,000 $15,000 $84,000
Source: Public Records

Agents Affiliated with this Home

  • Doris Brooks

    Seller's Agent in 2022

    Doris Brooks

    Neltner Realty

    (859) 663-0809

    1 in this area

    28 Total Sales

    Doris Brooks
    Section Image

  • C

    Buyer's Agent in 2022

    Christopher Fries

    OwnerLand Realty, Inc.

    Section Image
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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 604261

Northern Kentucky Multiple Listing Service

APN: 055-14-21-003.00

Kentucky Kenton County Covington 41014 Wallace Woods

2001 Scott Blvd, Covington, KY

Not Listed for Sale

MultiFamily

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