NOT LISTED FOR SALE

3 Alberta St Covington, KY 41016

Estimated Value: $125,000 - $212,000

3 Beds
3 Baths
2,022 Sq Ft
$79/Sq Ft Est. Value

Last Sold March 29, 2022

Last sale price $104,000 $51 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $946/month

158 Days on Market

Highlights

  • Fireplace
  • Window Unit Cooling System
  • Heating System Uses Natural Gas

About This Home

As of March 2022

Back on market due to buyer financing issues - NOT property related - strictly buyer related! Amazing opportunity at this price. Ready for new owner. All tenants are on month to month agreement currently. Great for owner occupant; Live in one unit while the other two make your mortgage payment or rent all three units and have cash flow. Convenient to everything! Recent rents ($450,$500,$650) are below market due to long term tenants. Current owner has made many updates and improvements to property ( replaced roof, gutters w/leaf guards, water heater, windows and flooring) All appliances stay.

Last Agent to Sell the Property

Tracy Acuff

Smart Move Realty, LLC License #189973 Listed on: 09/09/2021

Last Buyer's Agent

Deron Schell

Huff Realty - Florence License #231105

Huff Realty - Florence

Property Details

Home Type

  • Multi-Family

Lot Details

  • 4,543 Sq Ft Lot
  • Lot Dimensions are 45x95

Parking

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

Home Design

  • Triplex
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2,022 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Insulated Windows
  • Partial Basement

Schools

  • Mary A. Goetz Elementary School
  • Ludlow Middle School
  • Ludlow High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • The community has rules related to allowing corporate owners

Listing and Financial Details

  • Assessor Parcel Number 040-14-05-010.00

Property Details

Home Type

Multi-Family

Lot Details

0

Parking

3

Listing Details

  • Cooling: Window Unit(s)
  • Property Condition: Existing Structure, Unknown
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.1
  • Lot Size: 45x95
  • Directions: Highway Ave to Alberta
  • New Construction: No
  • Structure Type: Triplex
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: Mary A. Goetz Elementary
  • Location Tax Legal Info:Middle or Junior School: Ludlow Middle School
  • Location Tax Legal Info:High School: Ludlow High
  • Contract Info:Auction YN: No
  • General Property Description:Basement YN2: Yes
  • General Property Description:Fireplace YN: No
  • General Property Description:Lot Size Dimensions: 45x95
  • Remarks Misc:Agent Only Remarks: Please have buyer sign all attached documents and submit with offer. Zoning is R1-J , but property has been a 3 unit building for many years. Buyer and Buyer's agent to verify use. Please call or text 859-653-8676 to let me know you have submitted an offer.
  • Parking Features Parking Total: 3
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Natural Gas Available: Yes
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.1043
  • General Property Description:Living Area: 2022.0
  • General Property Description:Lot Size Square Feet: 4543.31
  • Location Tax Legal Info:Tax ID: 040-14-05-010.00
  • Foundation:Block4: Yes
  • Cooling:Window Unit(s): Yes
  • General Property Description:_pound_ of Buildings: 1
  • General Property Description:Number Of Units Total: 3
  • Property Ownership:Corporate: Yes
  • Levels:Three Or More2: Yes
  • Structure Type:Triplex: Yes
  • Special Features: None

Interior Features

  • Heating: Natural Gas
  • Levels: Three Or More
  • Property Type: MultiFamily
  • Number Of Buildings: 1
  • Appliances: See Remarks
  • Fireplace Features: None
  • Fireplace: No
  • Living Area: 2022.0
  • Window Features: Insulated Window(s)
  • Basement:Partial: Yes
  • Appliances:See Remarks32: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Other
  • Foundation Details: Block
  • Window Features:Insulated Window(s): Yes
  • Construction Materials:Other7: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, Off Street, On Street
  • Total Parking Spaces: 3.0
  • General Property Description:Garage Spaces: 3.0
  • Parking Features:Off Street2: Yes
  • 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:Natural Gas2: Yes

Schools

  • Elementary School: Mary A. Goetz Elementary
  • Junior High Dist: Ludlow Indep
  • High School: Ludlow High
  • Middle Or Junior School: Ludlow Middle School

Lot Info

  • Lot Size Sq Ft: 4543.31
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2024
Sold by
Parker Lynn Properties Llc
Bought by
Platinum Prop Mgmt Group Llc
Current Estimated Value
$159,000

Purchase Details

Listed on
Sep 9, 2021
Closed on
Mar 29, 2022
Sold by
Sandals Llc
Bought by
Parker Lynn Properties Llc
Seller's Agent
Tracy Acuff
Smart Move Realty, LLC
Buyer's Agent
Deron Schell
Huff Realty - Florence
Sold Price
$104,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.99%
Original Mortgage
$78,000
Interest Rate
4.42%

Purchase Details

Closed on
Jan 30, 2014
Sold by
The Little Family Real Estate Holding Co
Bought by
Sandals Llc
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
Platinum Prop Mgmt Group Llc $104,000 None Listed On Document
Parker Lynn Properties Llc $104,000 Rosenberg Jay A
Sandals Llc $25,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parker Lynn Properties Llc $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2022 03/29/22 Sold $104,000 -9.1% $51 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
02/08/2022 02/08/22 For Sale -- -- --
01/27/2022 01/27/22 Pending -- -- --
01/21/2022 01/21/22 For Sale -- -- --
12/23/2021 12/23/21 Pending -- -- --
11/11/2021 11/11/21 Price Changed $114,392 -8.4% $57 / Sq Ft
10/21/2021 10/21/21 Price Changed $124,900 0.0% $62 / Sq Ft
10/21/2021 10/21/21 For Sale $124,900 -3.8% $62 / Sq Ft
10/11/2021 10/11/21 Pending -- -- --
10/01/2021 10/01/21 Price Changed $129,900 -7.1% $64 / Sq Ft
09/20/2021 09/20/21 Price Changed $139,900 -9.7% $69 / Sq Ft
09/09/2021 09/09/21 For Sale $154,900 -- $77 / 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
2025 $1,358 $104,000 $10,000 $94,000
2024 $1,352 $104,000 $10,000 $94,000
2023 $1,338 $104,000 $10,000 $94,000
2022 $1,375 $104,000 $10,000 $94,000
2021 $423 $25,000 $10,000 $15,000
2020 $422 $25,000 $10,000 $15,000
2019 $420 $25,000 $10,000 $15,000
2018 $417 $25,000 $10,000 $15,000
2017 $412 $25,000 $10,000 $15,000
2015 $385 $25,000 $10,000 $15,000
2014 $993 $75,000 $10,000 $65,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 552865

Northern Kentucky Multiple Listing Service

APN: 040-14-05-010.00