Doug Mayberry
Huff Realty - Florence
(859) 600-6390
179 Total Sales
1 in Wallace Woods
$250,000 Price
501 Wallace Ave Unit 3 Covington, KY 41014
Wallace Woods NeighborhoodEstimated Value: $276,000 - $556,000
6
Beds
2
Baths
3,060
Sq Ft
$135/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Neighborhood Views
- Porch
- 2 Fireplaces
- Stainless Steel Appliances
- Forced Air Heating and Cooling System
About This Home
As of March 2023Great income producing property in desirable Wallace Woods! This conveniently located duplex has two 3 bed/1bath units, each featuring modern amenities with old world charm, new stainless steel appliances, beautiful hardwood flooring, new hot water heaters, newer windows, plumbing and electric. Start your investment portfolio here! 1-year Achosa home warranty in place. Please allow 24 hours notice for all showings. Buyer to verify all information.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1908
Lot Details
- 3,724 Sq Ft Lot
- Lot Dimensions are 36'x94'
Parking
- On-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
- Stone Foundation
- Slate Roof
- Wood Siding
Interior Spaces
- 3,060 Sq Ft Home
- 2-Story Property
- 2 Fireplaces
- Non-Functioning Fireplace
- Brick Fireplace
- Vinyl Clad Windows
- Insulated Windows
- Neighborhood Views
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
Kitchen
- Electric Oven
- Electric Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Schools
- Sixth District Elementary School
- Holmes Middle School
- Holmes Senior High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- 220 Volts
- Cable TV Available
Additional Features
- Porch
- Property is near public transit
Listing and Financial Details
- Home warranty included in the sale of the property
- Tenant pays for electricity, gas, heat
- The owner pays for sewer, water
- Assessor Parcel Number 055-32-25-008.03
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $2,324
- Water Sewer Expense $903
- Gross Income $39,240
- Net Operating Income $36,013
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 2, 2023
Closed on
Mar 20, 2023
Sold by
Bought by
Seller's Agent
Nick Foltz
Pivot Realty Group
Buyer's Agent
Andrew Duncan
Keller Williams Advisors
List Price
$349,900
Sold Price
$335,000
Premium/Discount to List
-$14,900
-4.26%
Views
62
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
$77,355
Avg. Annual Appreciation
6.36%
Purchase Details
Closed on
Apr 27, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
4.42%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 10, 2020
Sold by
Bought by
Purchase Details
Listed on
Jul 22, 2020
Closed on
Sep 9, 2020
Sold by
Bought by
Seller's Agent
Stephanie Benedetti
RE/MAX Victory + Affiliates
Buyer's Agent
Nick Foltz
Pivot Realty Group
List Price
$259,900
Sold Price
$265,000
Premium/Discount to List
$5,100
1.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.78%
Original Mortgage
$198,750
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 8, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,250
Interest Rate
4.4%
Mortgage Type
Construction
Purchase Details
Closed on
Feb 6, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,250
Interest Rate
4.4%
Mortgage Type
Construction
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Wallace Woods, KY
-
Doug Mayberry
-
Martha Works Larsen
Martha Works Larsen
Century 21 Premiere Properties
(859) 479-0970
196 Total Sales
2 in Wallace Woods
$265K - $310K Price Range
-
Lindsay Archer
Lindsay Archer
Horan Rosenhagen Real Estate
(513) 866-3543
112 Total Sales
1 in Wallace Woods
$250,000 Price
-
Stacy Meece
Stacy Meece
Berkshire Hathaway HomeService
(513) 586-7002
253 Total Sales
2 in Wallace Woods
$40K - $265K Price Range
-
Felicia Huesman
Felicia Huesman
Huff Realty - CC
(513) 854-7862
130 Total Sales
2 in Wallace Woods
$150K - $308K Price Range
-
Jake Burdine
Jake Burdine
Cahill Real Estate Services
(859) 600-6596
91 Total Sales
1 in Wallace Woods
$258,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $335,000 | None Listed On Document | ||
| -- | None Listed On Document | ||
| -- | None Available | ||
| $265,000 | Agility Closing & Ttl Svcs I | ||
| $75,000 | Kentucky Land Title Agcy | ||
| $60,000 | Kentucky Land Title Agency |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $208,000 | ||
| Previous Owner | $198,750 | ||
| Previous Owner | $89,250 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/21/2023 03/21/23 | Sold | $335,000 | -4.3% | $109 / Sq Ft | |
| 03/07/2023 03/07/23 | Pending | -- | -- | -- | |
| 03/03/2023 03/03/23 | For Sale | $349,900 | +32.0% | $114 / Sq Ft | |
| 09/09/2020 09/09/20 | Sold | $265,000 | +2.0% | $87 / Sq Ft | View Prior Sale |
| 07/24/2020 07/24/20 | Pending | -- | -- | -- | |
| 07/22/2020 07/22/20 | For Sale | $259,900 | -- | $85 / Sq Ft |
Source: Northern Kentucky Multiple Listing Service
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,439 | $335,000 | $5,000 | $330,000 |
| 2024 | $4,405 | $335,000 | $5,000 | $330,000 |
| 2023 | $3,530 | $265,000 | $5,000 | $260,000 |
| 2022 | $3,506 | $265,000 | $5,000 | $260,000 |
| 2021 | $4,037 | $265,000 | $5,000 | $260,000 |
| 2020 | $1,785 | $115,000 | $5,000 | $110,000 |
| 2019 | $1,805 | $115,000 | $5,000 | $110,000 |
| 2018 | $1,842 | $115,000 | $5,000 | $110,000 |
| 2017 | $1,869 | $115,000 | $15,000 | $100,000 |
| 2015 | $2,355 | $115,000 | $15,000 | $100,000 |
| 2014 | $2,220 | $115,000 | $15,000 | $100,000 |
Source: Public Records
Agents Affiliated with this Home
-
Nick Foltz
Seller's Agent in 2023
Nick Foltz
Pivot Realty Group
(513) 401-6462
4 in this area
260 Total Sales
-
Samara Carpenter
Seller Co-Listing Agent in 2023
Samara Carpenter
Pivot Realty Group
(859) 866-2978
4 in this area
98 Total Sales
-
Andrew Duncan
Buyer's Agent in 2023
Andrew Duncan
Keller Williams Advisors
(513) 335-4393
2 in this area
103 Total Sales
-
Stephanie Benedetti
Seller's Agent in 2020
Stephanie Benedetti
RE/MAX
(859) 393-1564
2 in this area
81 Total Sales
Map
Source: Northern Kentucky Multiple Listing Service
MLS Number: 611668
APN: 055-32-25-008.03
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 2026 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
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