NOT LISTED FOR SALE

51 Morris Place Covington, KY 41011

Estimated Value: $588,000 - $598,169

4 Beds
4 Baths
-- Sq Ft
0.32 Acres

Last Sold November 06, 2020

Last sale price $399,900

Est. 56% increase in value since last sale

Current estimated payment $3,577/month

5 Days on Market

Highlights

  • View of Trees or Woods
  • Wooded Lot
  • Wood Frame Window
  • Fort Wright Elementary School Rated A-
  • 4 Fireplaces
  • Mini Split Air Conditioners

About This Home

As of November 2020

Completely Rehabbed in 2015, Fully Furnished Units w/ one car garages. Stainless steel appliances and granite countertops. Walk-in showers are all ceramic, All Hardwood floors. A pleasure to show.

Last Agent to Sell the Property

Teresa Gillum

Sibcy Cline, REALTORS-Florence Listed on: 09/22/2020

Last Buyer's Agent

Tom Reese

Huff Realty - Florence License #192344

Huff Realty - Florence

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 0.32 Acre Lot
  • Wooded Lot

Parking

  • 4 Car Garage
  • Rear-Facing Garage
  • Parking Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • 4 Fireplaces
  • Non-Functioning Fireplace
  • Vinyl Clad Windows
  • Wood Frame Window
  • Views of Woods
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

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

Utilities

  • Mini Split Air Conditioners
  • Central Air
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • 220 Volts
  • Gas Available

Listing and Financial Details

  • The owner pays for electricity, gas, heat, sewer, water
  • Assessor Parcel Number 027-40-10-020.00

Community Details

Overview

  • 4 Units
  • Barrington Woods Subdivision

Building Details

  • Electric Expense $4,025
  • Insurance Expense $2,781
  • Maintenance Expense $1,275
  • Trash Expense $152
  • Water Sewer Expense $1,129
  • New Taxes Expense $2,696
  • Gross Income $44,625
  • Net Operating Income $35,348

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • Cooling: Central Air
  • Property Sub Type: Multi Family
  • Owner Pays: Electricity, Gas, Heat, Sewer, Water
  • Lot Size Acres: 0.32
  • Year Built: 1949
  • Lot Size: Irregular
  • Subdivision Name: Barrington Woods
  • Directions: Dixie to George Huser L on Park. Brick bldg in turn off left.
  • New Construction: No
  • Structure Type: Quadruplex
  • 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
  • Location Tax Legal Info:Subdivision2: Other
  • Contract Info:Auction YN: No
  • General Property Description:Fireplace YN: Yes
  • General Property Description:Lot Size Dimensions: Irregular
  • Appliances Microwave: Yes
  • Cooling:Central Air: Yes
  • Foundation:Poured Concrete: Yes
  • Parking Features Parking Total: 4
  • Sewer:Public Sewer: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities Electric Company: duke
  • Utilities Gas Company: duke
  • Water Company: NKY Water Dist
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.3222
  • General Property Description:Lot Size Square Feet: 14035.03
  • Security Features:Smoke Detector(s): Yes
  • Location Tax Legal Info:Tax ID: 027-40-10-020.00
  • Appliances Refrigerators: Yes
  • General Property Description:Fireplaces Total: 4
  • Appliances Dryer: Yes
  • Washers: Yes
  • View:TreesWoods: 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: 4
  • Levels:Two2: Yes
  • Roof:Membrane: Yes
  • Owner Pays:Electricity4: Yes
  • Owner Pays:Gas4: Yes
  • Structure Type:Quadruplex: Yes
  • Financial Info:Electric Expense: 4025.0
  • Financial Info:Maintenance Expense: 1275.0
  • Financial Info Net Operating Income: 35348.0
  • Financial Info:New Taxes Expense: 2696.0
  • Financial Info:Trash Expense: 152.0
  • Financial Info:Water Sewer Expense: 1129.0
  • Special Features: None

Interior Features

  • Interior Amenities: 220 Volts
  • Heating: Natural Gas
  • Levels: Two
  • Property Type: MultiFamily
  • Number Of Buildings: 1
  • Appliances: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Inoperable
  • Fireplaces: 4
  • Fireplace: Yes
  • Window Features: Vinyl Clad Window(s), Wood Frames
  • Full Basement: Yes
  • Appliances Dishwasher: Yes
  • Fireplace Features:Inoperable: Yes
  • Appliances Range: Yes
  • Laundry Features:In Unit: Yes
  • Interior Features 220 Volts: Yes

Exterior Features

  • View: Trees/Woods
  • Roof: Membrane
  • Lot Features: Wooded
  • View: Yes
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Poured Concrete
  • Construction Materials:Brick2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Window Features:Vinyl Clad Window(s): Yes
  • Lot Features:Wooded: Yes
  • Window Features:Wood Frames: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot, Garage, Garage Faces Rear
  • Total Parking Spaces: 4.0
  • General Property Description:Garage Spaces: 4.0
  • Parking Features:Garage5: Yes
  • Parking Features:Garage Faces Rear: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: In Unit
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Heating:Natural Gas2: Yes

Fee Information

  • Trash Expense: 152.0
  • Annual Water Sewer Expense: 1129.0

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: 14035.03
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 44625.0
  • Net Operating Income: 35348.0
  • Number Of Units Total: 4
  • Electric Expense: 4025.0
  • Insurance Expense: 2781.0
  • Maintenance Expense: 1275.0
  • Vacancy Allowance Rate: 18.0

Tax Info

  • New Taxes Expense: 2696.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2021
Sold by
Gleason Patrick J and Gleason Melanie
Bought by
Pmg Holdings Llc
Current Estimated Value
$625,188

Purchase Details

Listed on
Sep 22, 2020
Closed on
Nov 6, 2020
Sold by
Jordel Properties Llc
Bought by
Gleason Patrick J
Seller's Agent
Teresa Gillum
Sibcy Cline, REALTORS-Florence
Buyer's Agent
Tom Reese
Huff Realty - Florence
List Price
$399,900
Sold Price
$399,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%
Original Mortgage
$299,900
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2014
Sold by
The Huntington National Bank
Bought by
Jordel Properties Llc

Purchase Details

Closed on
Sep 30, 2013
Sold by
Kenton County
Bought by
The Huntington National Bank

Purchase Details

Closed on
Mar 25, 2005
Sold by
Eastgate Village Ltd
Bought by
Holbrook Lanny R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 1998
Sold by
Eismann Rudolf
Bought by
Eastgate Village Ltd
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
Pmg Holdings Llc -- Capital Title
Gleason Patrick J $399,900 None Available
Jordel Properties Llc $118,000 Multiple
The Huntington National Bank $98,000 None Available
Holbrook Lanny R -- --
Eastgate Village Ltd $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gleason Patrick J $299,900
Previous Owner Holbrook Lanny R $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2020 11/06/20 Sold $399,900 0.0% --
09/27/2020 09/27/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $399,900 -- --
Source: Northern Kentucky Multiple Listing Service

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 $3,963 $399,900 $60,000 $339,900
2024 $4,099 $399,900 $60,000 $339,900
2023 $4,263 $399,900 $60,000 $339,900
2022 $4,580 $399,900 $60,000 $339,900
2021 $4,672 $399,900 $60,000 $339,900
2020 $3,394 $280,000 $60,000 $220,000
2019 $1,608 $118,000 $40,000 $78,000
2018 $1,612 $118,000 $40,000 $78,000
2017 $1,574 $118,000 $40,000 $78,000
2015 $1,299 $118,000 $40,000 $78,000
2014 $989 $90,000 $40,000 $50,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 542033

Northern Kentucky Multiple Listing Service

APN: 027-40-10-020.00