NOT LISTED FOR SALE

501 Johnson St Unit 2 Covington, KY 41011

Downtown Covington Neighborhood

Estimated Value: $402,000 - $543,000

1 Bed
4 Baths
925 Sq Ft
$528/Sq Ft Est. Value

About This Home

Unbeatable location in Old Town Mutter Gottes neighborhood, with off street parking included. This stylish, luxury 2nd floor apartment is just one block from historic Mainstrasse, walking distance to Madison and Pike Street and quick access over the Brent Spence Bridge to Cincinnati. This charming 1 BR, 1 BA apartment boasts generous living space and sleeping space with high ceilings and exposed brick throughout the apartment, updated spacious eat-in kitchen with quartz counters and stainless appliances, updated bathroom with tile shower, in-unit washer and dryer, storage space, and outdoor common area. Convenient to downtown, shopping and trendy new restaurants. Available 6/1/2021 for move-in. Rent includes water, sewer, garbage removal.

Non-smoking and no pets.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2016
Sold by
Skyline Development Llc
Bought by
4Lion Properties Llc
Current Estimated Value
$488,333

Purchase Details

Closed on
Jan 4, 2016
Sold by
Gamm Corey
Bought by
Skyline Development Llc

Purchase Details

Closed on
May 28, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Gamm Corey T

Purchase Details

Closed on
Feb 3, 2014
Sold by
Thornton Allen W and Thornton Shelby
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Sep 23, 2003
Sold by
Powell Vincent W and Powell Kathleen S
Bought by
Thornton Allen W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,100
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 1995
Sold by
Klee Paul
Bought by
Powell Timothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.58%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
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
4Lion Properties Llc $80,600 Attorney
4Lion Properties Llc $80,600 Attorney
Skyline Development Llc $66,262 Attorney
Skyline Development Llc $66,262 Attorney
Gamm Corey T $55,100 Servicelink Llc
Gamm Corey T $55,100 Servicelink Llc
Federal Home Loan Mortgage Corporation $68,251 None Available
Federal Home Loan Mortgage Corporation $68,251 None Available
Thornton Allen W $103,000 --
Thornton Allen W $103,000 --
Powell Timothy J $37,000 --
Powell Timothy J $37,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thornton Allen W $72,100
Previous Owner Powell Timothy J $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2025 03/23/25 Off Market $1,285 -- --
03/08/2025 03/08/25 Price Changed $1,285 -2.7% $1 / Sq Ft
02/18/2025 02/18/25 For Rent $1,320 -- --

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 $5,300 $400,000 $25,000 $375,000
2024 $5,260 $400,000 $25,000 $375,000
2023 $5,328 $400,000 $25,000 $375,000
2022 $5,253 $400,000 $25,000 $375,000
2021 $6,055 $400,000 $25,000 $375,000
2020 $6,024 $400,000 $25,000 $375,000
2019 $1,288 $80,600 $5,000 $75,600
2018 $1,314 $80,600 $5,000 $75,600
2017 $1,332 $80,600 $5,000 $75,600
2015 $1,555 $55,100 $5,000 $50,100
2014 $2,389 $103,000 $5,000 $98,000
Source: Public Records

Map

Kentucky Kenton County Covington 41011 Downtown Covington

501 Johnson St Unit 2, Covington, KY

Not Listed for Sale

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