Seller's Agent in 2022
Cory Behm
Transaction Alliance LLC
(513) 560-5489
8 in this area
300 Total Sales
3 Wallace Ave Covington, KY 41014
Wallace Woods NeighborhoodEstimated Value: $295,000 - $335,000
5
Beds
3
Baths
2,730
Sq Ft
$117/Sq Ft
Est. Value
Highlights
- Porch
- Mini Split Air Conditioners
- Forced Air Heating and Cooling System
About This Home
As of December 2022Great investment opportunity in coveted Wallace Woods neighborhood. Units 1 and 2 recently remodeled. Fully rented at $650, $850 and $850. The 2 bedroom units have leases until February and the 1 bedroom is month to month. Spacious units rented below market (could be substantially higher). All separate gas/electric! Owner pays water/sewer.
Last Agent to Sell the Property
Transaction Alliance LLC License #261522 Listed on: 11/02/2022
Last Buyer's Agent
Cory Behm
RE/MAX Alliance Realty
Property Details
Home Type
- Multi-Family
Lot Details
- 2,174
Parking
- On-Street Parking
Home Design
- Triplex
- Brick Exterior Construction
- Wood Foundation
- Shingle Roof
Interior Spaces
- 2,730 Sq Ft Home
- 3-Story Property
- Decorative Fireplace
- Vinyl Clad Windows
- Basement Fills Entire Space Under The House
Kitchen
- Gas Oven
- Gas Range
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Schools
- Sixth District Elementary School
- Holmes Middle School
- Holmes Senior High School
Utilities
- Mini Split Air Conditioners
- Forced Air Heating and Cooling System
- Furnace
- Separate Meters
Additional Features
- Porch
- 2,174 Sq Ft Lot
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for sewer, water
- Assessor Parcel Number 055-14-22-007.00
Community Details
Overview
- 3 Units
- The community has rules related to allowing corporate owners
Building Details
- Gross Income $28,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 25, 2023
Sold by
Mumford Samuel
Bought by
3 Wallace Ave Llc
Current Estimated Value
Purchase Details
Listed on
Nov 2, 2022
Closed on
Dec 5, 2022
Sold by
Spooner Michael Thomas and Spooner Nicole
Bought by
Mumford Samuel
Seller's Agent
Cory Behm
Transaction Alliance LLC
Buyer's Agent
Cory Behm
Transaction Alliance LLC
List Price
$274,900
Sold Price
$274,900
Views
25
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.99%
Original Mortgage
$206,175
Interest Rate
7.08%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 23, 2020
Closed on
Jan 28, 2021
Sold by
Stokes & Lang Llc
Bought by
Spooner Michael Thomas
Seller's Agent
Michele Mamo
Coldwell Banker Realty
Buyer's Agent
Cory Behm
Transaction Alliance LLC
List Price
$199,900
Sold Price
$175,000
Premium/Discount to List
-$24,900
-12.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.65%
Original Mortgage
$131,250
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 15, 2017
Sold by
Middleton John and Middleton Janet
Bought by
Stokes & Lang Llc
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
4.16%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Oct 15, 2004
Sold by
Sittason Becky A
Bought by
Middleton John and Middleton Janet
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,900
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 27, 2001
Sold by
Mid Ohio Securities
Bought by
Mid Ohio Securities
Purchase Details
Closed on
Oct 23, 1998
Sold by
Kravis Robert M
Bought by
Investor Capital Management Inc
Create a Home Valuation Report for This Property
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 3 Wallace Ave Llc | $274,900 | None Listed On Document | |
| 3 Wallace Ave Llc | $274,900 | None Listed On Document | |
| Mumford Samuel | $274,900 | 360 American Title | |
| Mumford Samuel | $274,900 | 360 American Title | |
| Spooner Michael Thomas | $175,000 | 360 American Title Svcs Llc | |
| Stokes & Lang Llc | $85,000 | Springdale Title Llc | |
| Middleton John | $70,000 | -- | |
| Mid Ohio Securities | $85,000 | -- | |
| Investor Capital Management Inc | $38,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mumford Samuel | $206,175 | |
| Previous Owner | Spooner Michael Thomas | $131,250 | |
| Previous Owner | Stokes & Lang Llc | $80,000 | |
| Previous Owner | Middleton John | $91,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/05/2022 12/05/22 | Sold | $274,900 | 0.0% | $101 / Sq Ft | |
| 11/02/2022 11/02/22 | Pending | -- | -- | -- | |
| 11/02/2022 11/02/22 | For Sale | $274,900 | +57.1% | $101 / Sq Ft | |
| 01/29/2021 01/29/21 | Sold | $175,000 | -12.5% | -- | View Prior Sale |
| 12/23/2020 12/23/20 | Pending | -- | -- | -- | |
| 11/23/2020 11/23/20 | For Sale | $199,900 | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $3,642 | $274,900 | $15,000 | $259,900 |
| 2024 | $3,615 | $274,900 | $15,000 | $259,900 |
| 2023 | $3,662 | $274,900 | $15,000 | $259,900 |
| 2022 | $2,340 | $175,000 | $15,000 | $160,000 |
| 2021 | $1,346 | $85,000 | $15,000 | $70,000 |
| 2020 | $1,339 | $85,000 | $15,000 | $70,000 |
| 2019 | $1,354 | $85,000 | $15,000 | $70,000 |
| 2018 | $1,381 | $85,000 | $15,000 | $70,000 |
| 2017 | $1,245 | $75,000 | $15,000 | $60,000 |
| 2015 | $1,684 | $75,000 | $15,000 | $60,000 |
| 2014 | $1,750 | $90,000 | $15,000 | $75,000 |
Source: Public Records
Agents Affiliated with this Home
-
Cory Behm
-
M
Seller's Agent in 2021
Michele Mamo
Coldwell Banker Realty
Map
Source: Northern Kentucky Multiple Listing Service
MLS Number: 609197
APN: 055-14-22-007.00
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.
Nearby Homes
- 2009 Greenup St
- 2009 Russell St
- 118 E 24th St
- 2043 Garrard St
- 1904 Greenup St
- 332 W 21st St
- 2414 Herman St
- 16 E 18th St
- 435 Wallace Ave
- 509 W 21st St
- 1721 Russell St
- 2502 Center St
- 509 E 20th St
- 1712 Banklick St
- 2225 Oakland Ave
- 1619 Greenup St
- 1629 Russell St
- 21 E 26th St
- 402 E 18th St
- 1837 Jefferson Ave
- 1 Wallace Ave
- 5 Wallace Ave
- 2214 Madison Ave
- 9 Wallace Ave
- 11 Wallace Ave
- 2048 Madison Ave
- 2211 Madison Ave
- 15 Wallace Ave
- 2213 Madison Ave
- 2220 Madison Ave
- 14 Wallace Ave
- 2201 Madison Ave
- 2215 Madison Ave
- 16 Wallace Ave
- 16 Wallace Ave Unit D
- 16 Wallace Ave Unit C
- 16 Wallace Ave Unit B
- 17 Wallace Ave
- 2222 Madison Ave
- 2045 Madison Ave