312 E Martin Luther King jr Blvd Covington, KY 41011
Eastside Covington NeighborhoodEstimated Value: $151,000 - $296,000
8
Beds
2
Baths
2,604
Sq Ft
$88/Sq Ft
Est. Value
About This Home
As of January 2022Investment opportunity in Covington, Kentucky! 2 HUGE units with a ton of value add potential! Unit 1 is a 3BR/1BA and Unit 2 is 5BR/1BA! Ideas would include turning another room into a bathroom in Unit 2 and updating all units to maximize rental income. Unit 2 is vacant and ready to be turned for a new tenant and Unit 1 is on a month to month lease. Property is sold as is where is.
Last Agent to Sell the Property
Keller Williams Realty Services License #247197 Listed on: 10/08/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,710
Lot Details
- 1,742 Sq Ft Lot
- Lot Dimensions are 25' x 89'
Home Design
- Duplex
- Brick Exterior Construction
- Stone Foundation
- Shingle Roof
Interior Spaces
- 2,604 Sq Ft Home
- 3-Story Property
- Vinyl Clad Windows
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 2 Full Bathrooms
Parking
- No Garage
- On-Street Parking
Schools
- John G. Carlisle Elementary School
- Holmes Middle School
- Holmes Senior High School
Utilities
- Mini Split Air Conditioners
- Forced Air Heating and Cooling System
- Furnace
- Separate Meters
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for electricity, gas, heat
- The owner pays for sewer, water
- Assessor Parcel Number 054-42-02-025.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 8, 2021
Closed on
Jan 18, 2022
Sold by
Mak Kentucky Llc
Bought by
Hensley Addison
Seller's Agent
Josh Tungate
Keller Williams Realty Services
Buyer's Agent
Cara Klare
Coldwell Banker Realty FM
List Price
$125,000
Sold Price
$130,000
Premium/Discount to List
$5,000
4%
Total Days on Market
3
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
$98,369
Avg. Annual Appreciation
21.87%
Original Mortgage
$127,645
Interest Rate
3.05%
Mortgage Type
FHA
Purchase Details
Listed on
Oct 8, 2021
Closed on
Jan 11, 2022
Sold by
Mak Kentucky Llc
Bought by
Hensley Addison
Seller's Agent
Josh Tungate
Keller Williams Realty Services
Buyer's Agent
Cara Klare
Coldwell Banker Realty FM
List Price
$125,000
Sold Price
$130,000
Premium/Discount to List
$5,000
4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,645
Interest Rate
3.05%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 12, 2018
Sold by
G Marie Properties Llc
Bought by
Mak Kentucky 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
4.6%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 17, 2018
Sold by
Lewis Robert E and Lewis Paula E
Bought by
G Marie Properties 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
4.6%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Apr 25, 2017
Sold by
G Marie Properties Llc
Bought by
Lewis Robert E and Lewis Paula E
Purchase Details
Closed on
Dec 17, 2004
Sold by
Lewis Robert and Lewis Kristin M
Bought by
G Marie Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
5.67%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 22, 2003
Sold by
Josey Shawna
Bought by
Gmac Mortgage
Purchase Details
Closed on
Feb 23, 2003
Sold by
Gmac Mortgage Corp
Bought by
Hud
Purchase Details
Closed on
Apr 3, 1995
Sold by
Scalf Ronald D
Bought by
Josey Shauna M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,307
Interest Rate
8.86%
Mortgage Type
FHA
Similar Home in Covington, KY
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 |
|---|---|---|---|
| Hensley Addison | $130,000 | Springdale Title | |
| Hensley Addison | $130,000 | Springdale Title | |
| Mak Kentucky Llc | $86,000 | 360 American Title Services | |
| G Marie Properties Llc | $38,901 | None Available | |
| Lewis Robert E | $60,000 | None Available | |
| G Marie Properties Llc | -- | -- | |
| Gmac Mortgage | $36,500 | -- | |
| Hud | $36,500 | -- | |
| Josey Shauna M | $49,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hensley Addison | $98,000 | |
| Closed | Hensley Addison | $127,645 | |
| Closed | Hensley Addison | $127,645 | |
| Previous Owner | Mak Kentucky Llc | $52,000 | |
| Previous Owner | Lewis Robert Earl | $66,700 | |
| Previous Owner | Lewis Robert Erving | $91,000 | |
| Previous Owner | Josey Shauna M | $50,307 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/04/2022 01/04/22 | Sold | $130,000 | +4.0% | $50 / Sq Ft |
| 10/11/2021 10/11/21 | Pending | -- | -- | -- |
| 10/08/2021 10/08/21 | For Sale | $125,000 | -- | $48 / 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 | $1,710 | $130,000 | $5,000 | $125,000 |
| 2023 | $1,732 | $130,000 | $5,000 | $125,000 |
| 2022 | $839 | $59,000 | $5,000 | $54,000 |
| 2021 | $957 | $59,000 | $2,000 | $57,000 |
| 2020 | $952 | $59,000 | $2,000 | $57,000 |
| 2019 | $963 | $59,000 | $2,000 | $57,000 |
| 2018 | $997 | $60,000 | $2,000 | $58,000 |
| 2017 | $1,011 | $60,000 | $5,000 | $55,000 |
| 2015 | $1,329 | $60,000 | $5,000 | $55,000 |
| 2014 | $1,187 | $60,000 | $5,000 | $55,000 |
Source: Public Records
Agents Affiliated with this Home
-
Josh Tungate
Seller's Agent in 2022
Josh Tungate
Keller Williams Realty Services
(859) 962-9955
1 in this area
70 Total Sales
-
Cara Klare
Buyer's Agent in 2022
Cara Klare
Coldwell Banker Realty FM
(859) 609-7266
1 in this area
49 Total Sales
-
Scott Oyler
Buyer Co-Listing Agent in 2022
Scott Oyler
Coldwell Banker Realty
(513) 547-2997
1 in this area
1,275 Total Sales
Map
Source: Northern Kentucky Multiple Listing Service
MLS Number: 553730
APN: 054-42-02-025.00
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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.
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