NOT LISTED FOR SALE

Estimated Value: $308,733

-- Bed
-- Bath
5,829 Sq Ft
$53/Sq Ft Est. Value

Last Sold May 11, 2022

Last sale price $265,000 $45 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,935/month

156 Days on Market

Highlights

  • Wood Frame Window
  • Fireplace
  • Forced Air Heating System
  • 1 Car Detached Garage
  • Window Unit Cooling System

About This Home

As of May 2022

4 one bedroom apartments with retail space plus a detached 1 car garage. Rents are below market and has room to grow. Buyers must submit proof of funds for down payment (20%) or a letter of interest from a lender before a showing will be accepted. Buyer to confirm zoning, square footage, school district and utilities. Buyer to confirm their own operating expenses, provided below are estimated Current avg. rents for 1 beds are $650 and retail is $700, which are below market. Agent /owned.

Last Agent to Sell the Property

Jesse Brewer

C.A.P. License #209621 Listed on: 09/28/2021

Last Buyer's Agent

Mallory Vining

Coldwell Banker Realty License #266134

Coldwell Banker Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,485

Lot Details

  • 4,950 Sq Ft Lot

Parking

  • 1 Car Detached Garage
  • Public Parking

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 5,829 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Wood Frame Window
  • Basement
  • Crawl Space

Kitchen

  • Gas Oven
  • Gas Range

Schools

  • Latonia Elementary School
  • Holmes Middle School
  • Holmes Senior High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 056-32-02-002.00

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $3,500
  • Insurance Expense $1,500
  • Maintenance Expense $2,000
  • Trash Expense $1,200
  • Water Sewer Expense $3,000
  • New Taxes Expense $4,000
  • Gross Income $41,100
  • Net Operating Income $23,920

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,485

Lot Details

0

Parking

1

Listing Details

  • Cooling: Window Unit(s)
  • Property Condition: Existing Structure, Unknown
  • Property Sub Type: Apartment
  • Lot Size Acres: 0.11
  • Lot Size: irr
  • Directions: Decoursey to Southern
  • New Construction: No
  • Structure Type: Apartment
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: Latonia Elementary
  • Location Tax Legal Info:Middle or Junior School: Holmes Middle School
  • Location Tax Legal Info:High School: Holmes Senior High
  • Contract Info:Auction YN: No
  • General Property Description:Basement YN2: Yes
  • General Property Description:Fireplace YN: No
  • General Property Description:Lot Size Dimensions: irr
  • Parking Features Parking Total: 1
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Natural Gas Available: Yes
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.1136
  • General Property Description:Living Area: 5829.0
  • General Property Description:Lot Size Square Feet: 4950.0
  • Location Tax Legal Info:Tax ID: 056-32-02-002.00
  • Foundation:Stone3: Yes
  • Cooling:Window Unit(s): Yes
  • General Property Description:_pound_ of Buildings: 1
  • Structure Type:Apartment: Yes
  • General Property Description:Number Of Units Total: 5
  • Levels:Three Or More2: Yes
  • Financial Info:Electric Expense: 3500.0
  • Financial Info:Maintenance Expense: 2000.0
  • Financial Info Net Operating Income: 23920.0
  • Financial Info:New Taxes Expense: 4000.0
  • Financial Info:Trash Expense: 1200.0
  • Financial Info:Water Sewer Expense: 3000.0
  • Special Features: None

Interior Features

  • Heating: Forced Air
  • Levels: Three Or More
  • Property Type: MultiFamily
  • Number Of Buildings: 1
  • Appliances: Gas Range, Gas Oven
  • Fireplace Features: None
  • Fireplace: No
  • Living Area: 5829.0
  • Window Features: Wood Frames
  • Appliances:Gas Range: Yes
  • Basement:Crawl Space: Yes
  • Appliances:Gas Oven: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Brick
  • Foundation Details: Stone
  • Construction Materials:Brick2: Yes
  • Window Features:Wood Frames: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Public, Detached
  • Total Parking Spaces: 1.0
  • General Property Description:Garage Spaces: 1.0
  • Parking Features:Detached: Yes
  • Parking Features:Public2: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Heating:Forced Air: Yes

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 3000.0

Schools

  • Elementary School: Latonia Elementary
  • Junior High Dist: Covington Indep
  • High School: Holmes Senior High
  • Middle Or Junior School: Holmes Middle School

Lot Info

  • Lot Size Sq Ft: 4950.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 41100.0
  • Net Operating Income: 23920.0
  • Number Of Units Total: 5
  • Electric Expense: 3500.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 2000.0
  • Vacancy Allowance Rate: 1980.0

Tax Info

  • New Taxes Expense: 4000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2021
Closed on
May 1, 2022
Sold by
Amos Brewer Les Llc
Bought by
Vining Jesse Joseph
Seller's Agent
Jesse Brewer
C.A.P.
Buyer's Agent
Mallory Vining
Coldwell Banker Realty
Sold Price
$265,000
Current Estimated Value
$308,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,733
Original Mortgage
$212,000
Interest Rate
4.42%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 1, 2021
Sold by
Moerlein Joshua Ryan
Bought by
Amos Brewer Companies Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$936,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2018
Sold by
Kroth David L and Kroth Kathryn A
Bought by
Ryan Josghua and Moerlein Joshua Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.15%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 9, 2004
Sold by
Dontay Co Llc
Bought by
Kroth David L and Kroth Kathryn A

Purchase Details

Closed on
Jan 5, 2004
Sold by
Diamond Development Llc
Bought by
Dontay Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,115
Interest Rate
5.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 4, 2004
Sold by
Diamond Properties I Llc
Bought by
Diamond Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,115
Interest Rate
5.85%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Vining Jesse Joseph $265,000 None Listed On Document
Amos Brewer Companies Llc $425,000 None Available
Ryan Josghua $160,000 Central Land Title Agency
Kroth David L $180,000 Kentucky Land Title Agency
Dontay Co Llc $169,900 --
Diamond Development Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vining Jesse J $212,000
Closed Vining Jesse Joseph $212,000
Previous Owner Amos Brewer Companies Llc $936,000
Previous Owner Ryan Josghua $128,000
Previous Owner Dontay Co Llc $72,115
Previous Owner Dontay Co Llc $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2022 05/11/22 Sold $265,000 -3.6% $45 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
02/24/2022 02/24/22 For Sale -- -- --
02/14/2022 02/14/22 Pending -- -- --
01/11/2022 01/11/22 For Sale -- -- --
12/16/2021 12/16/21 Pending -- -- --
11/06/2021 11/06/21 For Sale $275,000 0.0% $47 / Sq Ft
11/06/2021 11/06/21 Price Changed $275,000 -1.8% $47 / Sq Ft
11/03/2021 11/03/21 Pending -- -- --
09/28/2021 09/28/21 For Sale $280,000 -- $48 / Sq Ft
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
2024 $3,485 $265,000 $14,000 $251,000
2023 $3,530 $265,000 $14,000 $251,000
2022 $3,413 $230,000 $14,000 $216,000
2021 $2,827 $160,000 $14,000 $146,000
2020 $2,815 $160,000 $14,000 $146,000
2019 $2,842 $160,000 $14,000 $146,000
2018 $2,894 $160,000 $14,000 $146,000
2017 $2,853 $155,000 $30,000 $125,000
2015 $2,951 $155,000 $30,000 $125,000
2014 $3,047 $155,000 $30,000 $125,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 553483

Northern Kentucky Multiple Listing Service

APN: 056-32-02-002.00