NOT LISTED FOR SALE

Estimated Value: $694,000 - $868,084

5 Beds
5 Baths
-- Sq Ft
9,583 Sq Ft Lot

Last Sold May 14, 2021

Last sale price $588,000

Est. 33% increase in value since last sale

Current estimated payment $4,899/month

108 Days on Market

Highlights

  • 0.22 Acre Lot
  • 4 Fireplaces
  • Mini Split Air Conditioners
  • Deck
  • Wood Frame Window
  • 2-minute walk to Randolph Park

About This Home

As of May 2021

Beautiful Italianate 6-unit property available on sought-after historic tree-lined street! Spacious rooms, hardwoods, large windows, charming historic interiors & several units have their own exterior entrance. Centrally located in walkable neighborhood close to restaurants, shops, suspension bridge, highway & more. Great income potential, each unit has separate utilities and their own HVAC systems. Don’t miss this fabulous opportunity.

Last Agent to Sell the Property

Gillian Meadows Barnes

Keller Williams Advisors License #266651 Listed on: 11/10/2020

Keller Williams Advisors

Last Buyer's Agent

Gillian Meadows Barnes

Keller Williams Advisors License #266651 Listed on: 11/10/2020

Keller Williams Advisors

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,732

Lot Details

  • 9,583 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Membrane Roofing

Interior Spaces

  • 2-Story Property
  • 4 Fireplaces
  • Non-Functioning Fireplace
  • Double Hung Windows
  • Wood Frame Window
  • Basement Fills Entire Space Under The House
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • First 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
  • The owner pays for water
  • Assessor Parcel Number 054-23-19-010.00

Community Details

Overview

  • 6 Units
  • The community has rules related to allowing corporate owners

Building Details

  • Water Sewer Expense $1,800
  • Gross Income $65,388

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,732

Lot Details

0

Listing Details

  • Cooling: Central Air
  • Property Condition: Unknown
  • Property Sub Type: Apartment
  • Owner Pays: Water
  • Lot Size Acres: 0.22
  • Lot Size: 50 X 90' WS GARRARD 100' S 7TH PARCEL A
  • Directions: W. 3rd Street on to KY 8, left on Sanford Street, left on E. 7th, right on Garrard.
  • New Construction: No
  • Structure Type: Apartment
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: First District 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:Fireplace YN: Yes
  • General Property Description:Lot Size Dimensions: 50 X 90' WS GARRARD 100' S 7TH PARCEL A
  • Cooling:Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Natural Gas Available: Yes
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.22
  • General Property Description:Lot Size Square Feet: 9583.2
  • Location Tax Legal Info:Tax ID: 054-23-19-010.00
  • Appliances Refrigerators: Yes
  • General Property Description:Fireplaces Total: 4
  • Foundation:Stone3: Yes
  • General Property Description:_pound_ of Buildings: 1
  • Utilities:Separate Air Condition: Yes
  • Utilities:Separate Furnace: Yes
  • Utilities:Separate Gas Electric: Yes
  • Structure Type:Apartment: Yes
  • General Property Description:Number Of Units Total: 6
  • Levels:Two2: Yes
  • Property Ownership:Corporate: Yes
  • Roof:Membrane: Yes
  • Financial Info:Water Sewer Expense: 1800.0
  • Special Features: VirtualTour

Interior Features

  • Heating: Natural Gas, Forced Air
  • Levels: Two
  • Property Type: MultiFamily
  • Tenant Pays: Electricity, Gas
  • Number Of Buildings: 1
  • Appliances: Dishwasher, Oven, Range, Refrigerator
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Inoperable
  • Fireplaces: 4
  • Fireplace: Yes
  • Window Features: Double Hung, Wood Frames
  • Full Basement: Yes
  • Appliances Dishwasher: Yes
  • Fireplace Features:Inoperable: Yes
  • Appliances Range: Yes

Exterior Features

  • Roof: Membrane
  • Construction Type: Brick
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Patio
  • Construction Materials:Brick2: Yes
  • Patio and Porch Features:Deck: Yes
  • Patio and Porch Features:Patio: Yes
  • Window Features:Double Hung: Yes
  • Window Features:Wood Frames: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, On Street
  • Parking Features:On Street: Yes
  • Parking Features:No Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Heating:Natural Gas2: Yes
  • Heating:Forced Air: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

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

Lot Info

  • Lot Size Sq Ft: 9583.2
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 65388.0
  • Number Of Units Total: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2020
Closed on
May 14, 2021
Sold by
Preferred Properties Associates Llc
Bought by
709 Garrard St Llc
Seller's Agent
Gillian Meadows Barnes
Keller Williams Advisors
Buyer's Agent
Gillian Meadows Barnes
Keller Williams Advisors
List Price
$600,000
Sold Price
$588,000
Premium/Discount to List
-$12,000
-2%
Current Estimated Value
$781,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,042
Avg. Annual Appreciation
6.79%
Original Mortgage
$470,400
Outstanding Balance
$417,069
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$362,283

Purchase Details

Listed on
Nov 10, 2020
Closed on
May 11, 2021
Sold by
Preferred Properties Associates Llc
Bought by
709 Garrad St Llc
Seller's Agent
Gillian Meadows Barnes
Keller Williams Advisors
Buyer's Agent
Gillian Meadows Barnes
Keller Williams Advisors
List Price
$600,000
Sold Price
$588,000
Premium/Discount to List
-$12,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,400
Outstanding Balance
$417,069
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$362,283

Purchase Details

Closed on
Sep 12, 2019
Sold by
Prefered Properties Associates Llc
Bought by
Prefered Properties Associates Llc

Purchase Details

Closed on
Mar 31, 2016
Sold by
Li Jianjun and Wang Nan
Bought by
Preferred Properties Associates Llc

Purchase Details

Closed on
Jul 17, 2015
Sold by
Pmj Enterprises Llc
Bought by
Li Jianjun and Wang Nan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 2011
Sold by
Gasock Elf Llc
Bought by
Pmj Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.62%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 11, 2006
Sold by
Sumbi Paul M
Bought by
Gasock Elf Llc

Purchase Details

Closed on
Jun 23, 2006
Sold by
Reliance Properties Llc
Bought by
Sumbi Ii Paul M and Sumbi Ii Paul Mulwa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 5, 1996
Sold by
Schrage Thomas A
Bought by
Reliance Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.99%
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
709 Garrard St Llc $588,000 None Listed On Document
709 Garrad St Llc $588,000 None Available
Prefered Properties Associates Llc -- Kentucky Land Title Agcy Inc
Preferred Properties Associates Llc -- Kentucky Land Title Agency I
Li Jianjun $280,000 Prominent Title Agency Llc
Pmj Enterprises Llc $299,000 None Available
Gasock Elf Llc -- None Available
Sumbi Ii Paul M $375,000 None Available
Reliance Properties Inc $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 709 Garrard St Llc $470,400
Closed 709 Garrad St Llc $470,400
Previous Owner Li Jianjun $210,000
Previous Owner Pmj Enterprises Llc $240,000
Previous Owner Sumbi Ii Paul M $281,250
Previous Owner Reliance Properties Inc $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $588,000 -2.0% --
02/26/2021 02/26/21 Pending -- -- --
02/03/2021 02/03/21 For Sale $600,000 0.0% --
12/29/2020 12/29/20 Pending -- -- --
11/10/2020 11/10/20 For Sale $600,000 -- --
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 $7,732 $588,000 $34,000 $554,000
2023 $7,832 $588,000 $34,000 $554,000
2022 $7,952 $588,000 $34,000 $554,000
2021 $3,965 $242,500 $34,000 $208,500
2020 $3,947 $242,500 $34,000 $208,500
2019 $4,553 $280,000 $71,500 $208,500
2018 $4,753 $280,000 $71,500 $208,500
2017 $4,818 $280,000 $75,000 $205,000
2015 $6,140 $300,000 $75,000 $225,000
2014 $6,484 $300,000 $75,000 $225,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 543681

Northern Kentucky Multiple Listing Service

APN: 054-23-19-010.00