Seller's Agent in 2025
Jonathan Amster
Comey & Shepherd, REALTORS
(513) 307-3937
1 in this area
92 Total Sales
509 Wallace Ave Covington, KY 41014
Wallace Woods Neighborhood
3
Beds
2.5
Baths
2,206
Sq Ft
4,795
Sq Ft Lot
Highlights
- City View
- Covered Patio or Porch
- Balcony
- 2 Fireplaces
- Stainless Steel Appliances
- Mini Split Air Conditioners
About This Home
As of February 2025Great 2 unit all brick building with long term tenants on 1 year leases at $1300 each. Property generates $2600 per month in rental income, tenants pay gas & electric, owner pays water/sewer. Both units were updated about 15 years ago and retain great historic charm as well. Property has fenced in backyard with covered porch. Great opportunity and location!
Last Agent to Sell the Property
Comey & Shepherd, REALTORS License #215839 Listed on: 07/23/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1913
Lot Details
- 4,795 Sq Ft Lot
- Wood Fence
Parking
- On-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
- Stone Foundation
- Shingle Roof
Interior Spaces
- 2,206 Sq Ft Home
- 3-Story Property
- 2 Fireplaces
- Non-Functioning Fireplace
- Vinyl Clad Windows
- City Views
Kitchen
- Gas Oven
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Outdoor Features
- Balcony
- Covered Patio or Porch
- Outdoor Grill
Schools
- Sixth District Elementary School
- Holmes Middle School
- Holmes Senior High School
Utilities
- Mini Split Air Conditioners
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Furnace
- Separate Meters
Listing and Financial Details
- Tenant pays for electricity, gas, heat
- The owner pays for sewer, water
- Assessor Parcel Number 055-32-25-002.00
Community Details
Overview
- 2 Units
Building Details
- New Taxes Expense $5,210
- Gross Income $31,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 23, 2024
Closed on
Feb 14, 2025
Sold by
Happy Dog Properties Llc
Bought by
Swing Kasey
Seller's Agent
Jonathan Amster
Comey & Shepherd, REALTORS
Buyer's Agent
Jody Connett
Huff Realty - CC
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%
Views
84
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
$43,758
Avg. Annual Appreciation
16.73%
Original Mortgage
$240,000
Outstanding Balance
$238,163
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$105,595
Purchase Details
Listed on
Apr 7, 2021
Closed on
May 10, 2021
Sold by
Chapdelaine David R and Chapdelaine Sarah F
Bought by
Happy Dog Properties Llc
Seller's Agent
Whitney Jolly
Keller Williams Realty Services
Buyer's Agent
Jody Connett
Huff Realty - CC
List Price
$275,000
Sold Price
$271,500
Premium/Discount to List
-$3,500
-1.27%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.68%
Purchase Details
Closed on
Apr 24, 2013
Sold by
Luttrull Richard C and Luttrull Suzanne M
Bought by
Chapdelaine David R and Chapdelaine Sarah F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
3.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 10, 2012
Sold by
Gatherwright Jennifer and Garamy Philip T
Bought by
Luttrull Richard C and Luttrull Suzanne M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,893
Interest Rate
4.06%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 28, 2003
Sold by
Chamblee Richard E and Chamblee Kara S
Bought by
Gatherwright Jennifer
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,800
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 27, 1997
Sold by
Curry James R
Bought by
Chamblee Richard E and Chamblee Kara
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,400
Interest Rate
12.67%
Mortgage Type
New Conventional
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $300,000 | None Listed On Document | |
| Warranty Deed | $271,500 | None Available | |
| Warranty Deed | $162,000 | Lawyers Title Cincinnati Inc | |
| Warranty Deed | $162,000 | None Available | |
| Warranty Deed | $124,000 | Priority Land Title Agency | |
| Deed | $58,440 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $240,000 | New Conventional | |
| Previous Owner | $129,600 | New Conventional | |
| Previous Owner | $157,893 | FHA | |
| Previous Owner | $100,800 | Purchase Money Mortgage | |
| Previous Owner | $64,400 | New Conventional | |
| Closed | $25,200 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/14/2025 02/14/25 | Sold | $300,000 | -7.7% | $136 / Sq Ft | |
| 01/15/2025 01/15/25 | Pending | -- | -- | -- | |
| 11/07/2024 11/07/24 | For Sale | $325,000 | 0.0% | $147 / Sq Ft | |
| 08/27/2024 08/27/24 | Pending | -- | -- | -- | |
| 07/23/2024 07/23/24 | For Sale | $325,000 | +19.7% | $147 / Sq Ft | |
| 05/10/2021 05/10/21 | Sold | $271,500 | -1.3% | $123 / Sq Ft | View Prior Sale |
| 04/10/2021 04/10/21 | Pending | -- | -- | -- | |
| 04/07/2021 04/07/21 | For Sale | $275,000 | -- | $125 / 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 |
|---|---|---|---|---|
| 2025 | $3,597 | $271,500 | $5,000 | $266,500 |
| 2024 | $3,570 | $271,500 | $5,000 | $266,500 |
| 2023 | $3,616 | $271,500 | $5,000 | $266,500 |
| 2022 | $3,590 | $271,500 | $5,000 | $266,500 |
| 2021 | $2,497 | $162,000 | $5,000 | $157,000 |
| 2020 | $2,484 | $162,000 | $5,000 | $157,000 |
| 2019 | $2,512 | $162,000 | $5,000 | $157,000 |
| 2018 | $2,565 | $162,000 | $5,000 | $157,000 |
| 2017 | $2,602 | $162,000 | $15,000 | $147,000 |
| 2015 | $3,232 | $162,000 | $15,000 | $147,000 |
| 2014 | $3,102 | $162,000 | $15,000 | $147,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Amster
-
Jody Connett
Buyer's Agent in 2025
Jody Connett
Huff Realty - CC
(859) 630-0867
3 in this area
121 Total Sales
-
Whitney Jolly
Seller's Agent in 2021
Whitney Jolly
Keller Williams Realty Services
(859) 380-5811
1 in this area
166 Total Sales
Map
Source: Northern Kentucky Multiple Listing Service
MLS Number: 624884
APN: 055-32-25-002.00
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