$300,000
SOLD MAY 10, 2021
-- Bed
-- Bath
3,824 Sq Ft
2,544 Sq Ft Lot

Recently Sold

$78 Per Sq Ft

13% Below List Price

118 Days on Market

Highlights

  • Balcony
  • Enclosed patio or porch
  • Wood Fence
  • Wood Frame Window
  • Efficiency Studio Dwelling Unit
  • 5-minute walk to Basil Lewis Park

About This Home

As of May 2023

Awesome location! 5plex in great location near Mainstrasse dining & shopping. Four out of five units fully rehabbed. $42k yr ACTUAL gross rent. 2, 2 Bedroom & 3 efficiencies. All new windows, decks, rehabbed interiors. Owner pays water/trash. Walk to exciting Mainstrasse and be part of one of Cincy/NKY hottest locations! Covington's urban core is on the move and this investment is ready to go! Make the final unit your own and keep renting the rest! Call now for all the detail and a private showing!

Last Agent to Sell the Property

Michele Mamo

Coldwell Banker Realty Listed on: 11/19/2020

Last Buyer's Agent

Michele Mamo

Coldwell Banker Realty Listed on: 11/19/2020

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,734

Year Built

  • Built in 1860

Lot Details

  • 2,544 Sq Ft Lot
  • Wood Fence

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3,824 Sq Ft Home
  • 2-Story Property
  • Non-Functioning Fireplace
  • Wood Frame Window
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Balcony
  • Enclosed patio or porch

Additional Homes

  • Efficiency Studio Dwelling Unit

Schools

  • John G. Carlisle Elementary School
  • Holmes Middle School
  • Holmes Senior High School

Utilities

  • No Cooling
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Assessor Parcel Number 054-21-15-020.00

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $2,500
  • Other Expense $2,500
  • Trash Expense $900
  • Water Sewer Expense $2,072
  • New Taxes Expense $3,971
  • Gross Income $35,700
  • Net Operating Income $33,957

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,734

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Cooling: None
  • Property Sub Type: Apartment
  • Owner Pays: Water
  • Lot Size Acres: 0.06
  • Year Built: 1860
  • Lot Size: Irregular
  • Directions: From I-75, exit onto Pike Street. Head east on pike for 1/2 mile. Left on Craig.
  • New Construction: No
  • Structure Type: Apartment
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: John G. Carlisle 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: Irregular
  • Sewer:Public Sewer: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities Electric Company: Duke
  • Utilities Gas Company: Duke
  • Water Company: SD1
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.0584
  • General Property Description:Living Area: 3824.0
  • General Property Description:Lot Size Square Feet: 2543.9
  • Security Features:Smoke Detector(s): Yes
  • Location Tax Legal Info:Tax ID: 054-21-15-020.00
  • Appliances Refrigerators: Yes
  • General Property Description:Fireplaces Total: 1
  • Fencing:Wood3: Yes
  • Foundation:Stone3: Yes
  • Roof:Metal3: Yes
  • Cooling:None9: Yes
  • General Property Description:_pound_ of Buildings: 1
  • Utilities:Separate Air Condition: No
  • Utilities:Separate Furnace: No
  • Utilities:Separate Gas Electric: No
  • Structure Type:Apartment: Yes
  • General Property Description:Number Of Units Total: 5
  • Levels:Two2: Yes
  • Unit Info:Efficiency Units: 3
  • Unit Type:Efficiency: Yes
  • Financial Info:Maintenance Expense: 2500.0
  • Financial Info Net Operating Income: 33957.0
  • Financial Info:New Taxes Expense: 3971.0
  • Financial Info:Other Expense: 2500.0
  • Financial Info:Trash Expense: 900.0
  • Financial Info:Water Sewer Expense: 2072.0
  • Special Features: None

Interior Features

  • Heating: Electric
  • Levels: Two
  • Property Type: MultiFamily
  • Tenant Pays: Electricity
  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Fireplace Features: Inoperable
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 3824.0
  • Window Features: Wood Frames
  • Full Basement: Yes
  • Fireplace Features:Inoperable: Yes
  • Appliances Range: Yes

Exterior Features

  • Fencing: Wood
  • Roof: Metal
  • Construction Type: Brick, Wood Siding
  • Exterior Features: Balcony
  • Foundation Details: Stone
  • Patio And Porch Features: Enclosed
  • Construction Materials:Brick2: Yes
  • Construction Materials:Wood Siding: Yes
  • Window Features:Wood Frames: Yes
  • Patio and Porch Features:Enclosed: Yes
  • Exterior Features:Balcony: 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
  • Security: Smoke Detector(s)
  • Cooling Y N: No
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Heating:Electric2: Yes

Fee Information

  • Trash Expense: 900.0
  • Annual Water Sewer Expense: 2072.0

Schools

  • Elementary School: John G. Carlisle Elementary
  • Junior High Dist: Covington Indep
  • High School: Holmes Senior High
  • Middle Or Junior School: Holmes Middle School

Lot Info

  • Lot Size Sq Ft: 2543.9
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 35700.0
  • Net Operating Income: 33957.0
  • Other Expense: 2500.0
  • Number Of Units Total: 5
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2500.0
  • Vacancy Allowance Rate: 11400.0

Tax Info

  • New Taxes Expense: 3971.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
May 31, 2023
Sold by
Edf Kentucky Llc
Bought by
Browning Brothers Llc
Seller's Agent
Brian Weber
eXp Realty, LLC
Buyer's Agent
George Paskal
Private Real Estate Collection
List Price
$395,000
Sold Price
$360,000
Premium/Discount to List
-$35,000
-8.86%
Views
59
Current Estimated Value
$455,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,285
Avg. Annual Appreciation
17.36%

Purchase Details

Listed on
May 8, 2023
Closed on
May 15, 2023
Sold by
Oconnell Thomas Joseph and Oconnell Elizabeth Karen
Bought by
Thomas Joseph Oconnell And Elizabeth Karen Oc
Seller's Agent
Brian Weber
eXp Realty, LLC
Buyer's Agent
George Paskal
Private Real Estate Collection
List Price
$395,000
Sold Price
$360,000
Premium/Discount to List
-$35,000
-8.86%
Views
59

Purchase Details

Listed on
Nov 19, 2020
Closed on
Apr 28, 2021
Sold by
Stokes & Lang Llc
Bought by
Edf Kentucky Llc
Seller's Agent
Michele Mamo
Coldwell Banker Realty
Buyer's Agent
Michele Mamo
Coldwell Banker Realty
List Price
$345,000
Sold Price
$300,000
Premium/Discount to List
-$45,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.25%

Purchase Details

Closed on
Apr 11, 2019
Sold by
Brewer Family Trust
Bought by
Stokes & Lang Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 28, 2018
Sold by
Solomon & Solomon Capital Llc
Bought by
Brewer Jesse and Brewer Family Revocable Trust

Purchase Details

Closed on
Nov 26, 2014
Sold by
Hamer Christopher and Hamer Joan
Bought by
Solomon & Solomon Capital Llc
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 Type Sale Price Title Company
Deed $360,000 None Listed On Document
Deed -- None Listed On Document
Deed -- None Listed On Document
Warranty Deed $300,000 360 American Title Svcs Llc
Fiduciary Deed $190,000 Prominent Title Agency Llc
Warranty Deed $55,000 None Available
Warranty Deed $20,000 360 American Title Svcs Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $200,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $360,000 -8.9% $94 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $395,000 +31.7% $103 / Sq Ft
05/10/2021 05/10/21 Sold $300,000 -7.7% $78 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
02/19/2021 02/19/21 Price Changed $325,000 -5.8% $85 / Sq Ft
11/19/2020 11/19/20 For Sale $345,000 -- $90 / 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 $4,734 $360,000 $15,000 $345,000
2023 $3,996 $300,000 $15,000 $285,000
2022 $4,224 $300,000 $15,000 $285,000
2021 $3,180 $190,000 $12,000 $178,000
2020 $3,166 $190,000 $12,000 $178,000
2019 $1,168 $55,000 $12,000 $43,000
2018 $713 $22,000 $12,000 $10,000
2017 $687 $20,000 $10,000 $10,000
2015 $836 $20,000 $10,000 $10,000
2014 $905 $45,000 $5,000 $40,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 543949

Northern Kentucky Multiple Listing Service

APN: 054-21-15-020.00