NOT LISTED FOR SALE

48 Park Rd Covington, KY 41011

Estimated Value: $275,000 - $522,000

3 Beds
3 Baths
1,887 Sq Ft
$203/Sq Ft Est. Value

Sale Details

Date Sold: April 28, 2022

Last sale price $290,000 $154 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,365 / mo

3 Days on Market

Highlights

  • Deck
  • Property is near public transit
  • Eat-In Kitchen
  • Fort Wright Elementary School Rated A-
  • Covered Patio or Porch
  • Mini Split Air Conditioners

About This Home

As of April 2022

Great 2 Family on a quiet walkable street in a very convenient location in fabulous condition. 1st floor
unit has 2 bedrooms, 2 full baths, large eat-in fully equipped kitchen, finished lower level and large
covered private deck, hardwood floors. 2nd floor has great open floor plan, eat-in kitchen and fabulous
condition. Laundry and storage area in the lower level and nice outdoor spaces.

Last Agent to Sell the Property

Bettina Ramundo

Comey & Shepherd, LLC License #195972 Listed on: 03/16/2022

Comey & Shepherd, LLC

Last Buyer's Agent

Lori McClure

Pivot Realty Group License #242292

Pivot Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,081 Sq Ft Lot
  • Lot Dimensions are 50 x 134
  • Privacy Fence

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding
  • Block And Beam Construction

Interior Spaces

  • 1,887 Sq Ft Home
  • 1.5-Story Property
  • Brick Fireplace
  • Vinyl Clad Windows
  • Insulated Windows
  • Entrance Foyer
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Laundry on lower level

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Location

  • Property is near public transit

Schools

  • Ft Wright Elementary School
  • Turkey Foot Middle School
  • Dixie Heights High School

Utilities

  • Mini Split Air Conditioners
  • Forced Air Heating and Cooling System
  • Furnace
  • Separate Meters
  • 220 Volts
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, heat
  • The owner pays for sewer, water
  • Assessor Parcel Number 041-20-00-148.01

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,548
  • Water Sewer Expense $1,200
  • New Taxes Expense $2,064
  • Gross Income $22,200
  • Net Operating Income $17,388

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

6,081 Sq Ft Lot

Listing Details

  • Cooling: Central Air
  • Property Condition: Existing Structure
  • Property Sub Type: Multi Family
  • Owner Pays: Sewer, Water
  • Lot Size Acres: 0.14
  • Year Built: 1954
  • Lot Size: 50 x 134
  • Directions: 75 to W on Kyles Lane, L on 127 S/US-25 S/US-42 S, R. George Huser, L Park
  • New Construction: No
  • Structure Type: Duplex
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: Ft Wright Elementary
  • Location Tax Legal Info:Middle or Junior School: Turkey Foot Middle School
  • Location Tax Legal Info:High School: Dixie Heights High
  • Contract Info:Auction YN: No
  • General Property Description:Basement YN2: Yes
  • General Property Description:Fireplace YN: Yes
  • General Property Description:Lot Size Dimensions: 50 x 134
  • Cooling:Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities Electric Company: Duke
  • Utilities Gas Company: Duke
  • Water Company: Unknown
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.1396
  • General Property Description:Living Area: 1887.0
  • General Property Description:Lot Size Square Feet: 6081.0
  • Security Features:Smoke Detector(s): Yes
  • Location Tax Legal Info:Tax ID: 041-20-00-148.01
  • Appliances Refrigerators: Yes
  • Foundation:Block4: Yes
  • General Property Description:Fireplaces Total: 1
  • Fencing:Privacy: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Laundry Features:Lower Level: Yes
  • Roof:Asphalt: Yes
  • General Property Description:_pound_ of Buildings: 1
  • Utilities:Separate Air Condition: Yes
  • Utilities:Separate Furnace: Yes
  • Utilities:Separate Gas Electric: Yes
  • General Property Description:Number Of Units Total: 2
  • Structure Type:Duplex: Yes
  • Levels:One and One Half2: Yes
  • Financial Info Net Operating Income: 17388.0
  • Financial Info:New Taxes Expense: 2064.0
  • Financial Info:Water Sewer Expense: 1200.0
  • Special Features: None

Interior Features

  • Interior Amenities: Entrance Foyer, Eat-in Kitchen, 220 Volts
  • Heating: Forced Air
  • Levels: One and One Half
  • Property Type: MultiFamily
  • Tenant Pays: Electricity, Gas, Heat
  • Number Of Buildings: 1
  • Appliances: Electric Range, Electric Oven, Dishwasher, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Brick
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1887.0
  • Window Features: Insulated Window(s), Vinyl Frames
  • Full Basement: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Electric Oven: Yes
  • Interior Features:Entrance Foyer2: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen2: Yes
  • Fireplace Features:Brick3: Yes
  • Interior Features 220 Volts: Yes

Exterior Features

  • Fencing: Privacy
  • Roof: Asphalt
  • Lot Features: Near Public Transit
  • Construction Type: Block, Vinyl Siding
  • Foundation Details: Block
  • Patio And Porch Features: Covered, Deck, Porch
  • Construction Materials:Vinyl Siding: Yes
  • Window Features:Insulated Window(s): Yes
  • Window Features:Vinyl Frames: Yes
  • Patio and Porch Features:Covered: Yes
  • Patio and Porch Features:Deck: Yes
  • Patio and Porch Features:Porch: Yes
  • Construction Materials:Block3: Yes

Garage/Parking

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

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Ft Wright Elementary
  • Junior High Dist: Kenton Co Public
  • High School: Dixie Heights High
  • Middle Or Junior School: Turkey Foot Middle School

Lot Info

  • Lot Size Sq Ft: 6081.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 22200.0
  • Net Operating Income: 17388.0
  • Number Of Units Total: 2
  • Insurance Expense: 1548.0

Tax Info

  • New Taxes Expense: 2064.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2022
Closed on
Apr 28, 2022
Sold by
Meade Brandon S and Meade Amber
Bought by
Winslow Pamela Susan
Seller's Agent
Bettina Ramundo
Comey & Shepherd, LLC
Buyer's Agent
Lori McClure
Pivot Realty Group
List Price
$290,000
Sold Price
$290,000
Current Estimated Value
$400,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,866
Avg. Annual Appreciation
7.15%
Original Mortgage
$284,747
Outstanding Balance
$267,286
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$115,824

Purchase Details

Closed on
Apr 23, 2011
Sold by
Preece Kevin R
Bought by
Meade Brandon S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,187
Interest Rate
4.81%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 2, 2000
Sold by
Shultz Ronald J
Bought by
Preece Kevin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
8.14%
Mortgage Type
New Conventional
Source: Public Records
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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
Winslow Pamela Susan $290,000 None Listed On Document
Meade Brandon S $160,250 Arrow Title Agency Llc
Preece Kevin R $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winslow Pamela Susan $284,747
Previous Owner Meade Brandon S $156,187
Previous Owner Preece Kevin R $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2022 04/28/22 Sold $290,000 0.0% $154 / Sq Ft
03/20/2022 03/20/22 Pending -- -- --
03/16/2022 03/16/22 For Sale $290,000 -- $154 / Sq Ft
Source: Northern Kentucky Multiple Listing Service

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 $2,874 $290,000 $45,000 $245,000
2024 $2,973 $290,000 $45,000 $245,000
2023 $3,091 $290,000 $40,000 $250,000
2022 $2,001 $180,000 $40,000 $140,000
2021 $2,043 $180,000 $40,000 $140,000
2020 $2,064 $180,000 $40,000 $140,000
2019 $2,015 $175,000 $40,000 $135,000
2018 $2,021 $175,000 $40,000 $135,000
2017 $1,965 $175,000 $40,000 $135,000
2015 $1,743 $160,200 $20,000 $140,200
2014 $1,714 $160,200 $20,000 $140,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 602112

Northern Kentucky Multiple Listing Service

APN: 041-20-00-148.01

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