216 W Pike St Covington, KY 41011
Mainstrasse Neighborhood
1
Bed
2.5
Baths
2,779
Sq Ft
4,092
Sq Ft Lot
Highlights
- Open Floorplan
- Property is near public transit
- Private Yard
- Deck
- 2 Fireplaces
- 4-minute walk to Basil Lewis Park
About This Home
As of October 2024Looking for live/work space with an entire extra lot to build on or garden? Come take a look at this rare opportunity that doesn't come along often... First floor is an 800 sq foot commercial space with a bath and wet bar, the upper 2 floors offer an upside-down floor plan with 1.5 bedrooms, 2 full baths, 2 decks and a lot of awesomeness! Designed by a local architect as a primary residence. Due to flexible zoning, the building can be used in a multitude of ways. Lots of built in storage as well as hand built features that can be found throughout. Centrally located on the Pike Street corridor steps from Mainstrasse and Downtown Covington. Offering immediate occupancy.
Last Agent to Sell the Property
Comey & Shepherd REALTORS License #202929 Listed on: 09/17/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $204
Year Built
- Built in 1865
Lot Details
- 4,092 Sq Ft Lot
- Wood Fence
- Private Yard
Parking
- On-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
- Stone Foundation
- Membrane Roofing
Interior Spaces
- 2,779 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Built-In Features
- Chandelier
- Track Lighting
- 2 Fireplaces
- Decorative Fireplace
- Wood Frame Window
- Aluminum Window Frames
- Storage
- Neighborhood Views
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Electric Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 1 Bedroom
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
- Smart Thermostat
- Fire and Smoke Detector
Outdoor Features
- Deck
- Covered Patio or Porch
Schools
- John G. Carlisle Elementary School
- Holmes Middle School
- Holmes Senior High School
Utilities
- Mini Split Air Conditioners
- Cooling System Mounted In Outer Wall Opening
- Forced Air Zoned Cooling and Heating System
- Heating System Uses Natural Gas
- Mini Split Heat Pump
- Furnace
- Gas Available
- Cable TV Available
Additional Features
- Efficiency Studio Dwelling Unit
- Property is near public transit
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for electricity, heat
- The owner pays for gas, heat, sewer, water
- Assessor Parcel Number 054-21-15.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 17, 2024
Closed on
Oct 25, 2024
Sold by
Meyer Christopher John and Meyer Megan
Bought by
Albanese David and Albanese Sarah
Seller's Agent
Rebecca Weber
Comey & Shepherd REALTORS
Buyer's Agent
Olivia Hines
Keller Williams Advisors
List Price
$425,000
Sold Price
$425,000
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
$44,000
Avg. Annual Appreciation
12.44%
Original Mortgage
$382,500
Outstanding Balance
$379,062
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$89,938
Purchase Details
Closed on
Jul 12, 2017
Sold by
Pike Street Associates Llc
Bought by
Meyer Christopher John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
3.94%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 26, 2014
Sold by
The Ivory Trust
Bought by
Pike Street Associates Llc
Purchase Details
Closed on
Dec 17, 2002
Sold by
Meyer Michael P
Bought by
Ivory Trust
Purchase Details
Closed on
Jun 11, 2001
Sold by
Meyer Michael P
Bought by
Kentucky Herb Company Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.05%
Mortgage Type
Commercial
Similar Homes in Covington, KY
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $425,000 | None Listed On Document | |
| Warranty Deed | $213,750 | Kentucky Land Title Agency | |
| Warranty Deed | $77,000 | None Available | |
| Deed | $54,000 | -- | |
| Deed | $52,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $382,500 | New Conventional | |
| Previous Owner | $171,000 | Commercial | |
| Previous Owner | $52,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/25/2024 10/25/24 | Sold | $425,000 | 0.0% | $153 / Sq Ft |
| 09/21/2024 09/21/24 | Pending | -- | -- | -- |
| 09/17/2024 09/17/24 | For Sale | $425,000 | -- | $153 / 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 | $204 | $15,500 | $14,000 | $1,500 |
| 2023 | $206 | $15,500 | $14,000 | $1,500 |
| 2022 | $446 | $15,500 | $14,000 | $1,500 |
| 2021 | $477 | $15,500 | $14,000 | $1,500 |
| 2020 | $476 | $15,500 | $14,000 | $1,500 |
| 2019 | $478 | $15,500 | $14,000 | $1,500 |
| 2018 | $768 | $15,500 | $14,000 | $1,500 |
| 2017 | $608 | $5,000 | $5,000 | $0 |
| 2015 | $154 | $5,000 | $5,000 | $0 |
| 2014 | $179 | $10,000 | $10,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Rebecca Weber
Seller's Agent in 2024
Rebecca Weber
Comey & Shepherd REALTORS
(513) 676-1432
21 in this area
175 Total Sales
-
Olivia Hines
Buyer's Agent in 2024
Olivia Hines
Keller Williams Advisors
(317) 373-6051
1 in this area
107 Total Sales
Map
Source: Northern Kentucky Multiple Listing Service
MLS Number: 626544
APN: 054-21-15-014.00
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