5 months on rocket

509 Wallace Ave, Covington, KY, 41014

$325,000

Home List Price

$3,859*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
2,206 SqFt
$147/SqFt
Multi

Location

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509 Wallace Ave, Covington$325,000

Buyer Closing Credits

$3,859*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1913
HeatingNatural Gas, Forced Air
CoolingCentral Air
FireplaceInoperable
ViewCity
MLS #624884
Lot Size0.11 Acres
StatusActive

About 509 Wallace Ave

Great 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!

Property Details

Property Features

Property Information:

  • Year Built: 1913
  • Living Area: 2,206 SqFt

Listing Office:

  • Office Name: Comey & Shepherd, REALTORS
  • Office Phone: (513) 489-2100
  • Listing Agent: Jonathan Amster

Interior Features

Interior Information:

  • Appliances: Stainless Steel Appliance(s), Gas Oven, Dishwasher, Dryer, Refrigerator, Washer
  • Fireplace: Inoperable

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Balcony, Outdoor Grill

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: North on Madison, Right on Wallace, home on right, just past Eastern Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $325,000
  • Price Per SqFt: $147/SqFt

Tax Information:

  • Annual Amount: $3,063
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Covington, KY.

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Covington, KY

City

Med. List Price

$249.9K

Med. Price/SqFt

$179

Avg. Days On Market

66

# of Sold Homes

2

509 Wallace Ave vs Covington

151 DAYS ON ROCKET

+85 Days

$325,000

+$75K More

$147/SqFt

-$32 Less

KEY TAKEAWAY

This property is $75K more than the Median List Price and $32/SqFt less than other homes in Covington, KY.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Name: Northern Kentucky Multiple Listing Service
  • MLS Number: #624884

Listing Office:

  • Office Name: Comey & Shepherd, REALTORS
  • Office Phone: (513) 489-2100
  • Listing Agent: Jonathan Amster

Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northern Kentucky Multiple Listing Service, Inc. (NKMLS). Real estate listings held by other brokerage firms are marked with the Broker Reciprocity Logo and detailed information about them includes the name of the listing broker. The broker providing the data believes the data to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. MLS content and images © Copyright ©2024, Northern Kentucky Multiple Listing Service, Inc. All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 9:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 13, 2021Home Sold
$271,500
Apr 29, 2013Home Sold
$162,000
Jan 12, 2012Home Sold
$162,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,063$162,000
2019$2,564$162,000
2018$2,565$162,000
2017$2,602$162,000

History based on county public records data.

Payment Calculator

$1,690

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-795614
5
/10

  • Sixth District Elementary School

  • 19th and Maryland

  • 0.34 miles

  • Public District Grades KG-5

school-card-donut-795615
9
/10

  • Glenn O Swing Elementary School

  • 501 W 19th St

  • 0.82 miles

  • Public District Grades KG-5

school-card-donut-795616
1
/10

  • Ninth District Elementary School

  • 2800 Indiana Ave

  • 1.07 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,591. Most Covington, KY residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Covington, KY

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Covington, KY.

Covington's housing market is diverse, offering a range of options from historic row houses to contemporary condominiums. Single-family homes are prevalent, with a mix of Victorian, Italianate, and modern architectural styles. The market is balanced with a homeownership rate around 60%, leaving a substantial portion of properties available for rent.

What is it like to live in Covington, KY?

Covington is celebrated for its historic charm and vibrant arts scene. The community prides itself on a rich heritage with events like the MainStrasse Village Oktoberfest, reflecting the area's strong German roots. The city's riverfront location contributes to its picturesque setting and leisurely lifestyle.

Is it easy to get around Covington, KY without a car?

The city provides a robust selection of services, including public and private educational institutions, with a focus on catering to a diverse population. Healthcare facilities are comprehensive, offering a range of services from primary care to specialized treatments. Retail and dining establishments are plentiful, showcasing local flavors and crafts, and the public library system is well-integrated into the community.

Transportation in Covington, KY.

Covington's transport infrastructure includes a network of buses that facilitate movement within the city and connections to neighboring areas. The city is also bike-friendly, with several dedicated lanes and trails. Major highways nearby provide easy access for commuters, and ongoing projects aim to enhance the efficiency of local transportation.

Rocket Homes›Kentucky›Kenton County›Covington›41014›509 Wallace Ave

This home is located at 509 Wallace Ave in Covington, KY and zip code 41014. This 2,206 square foot home, which was built in 1913, sits on a 0.11 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 23, 2024 and is currently priced at $325,000.

The inventory of homes for sale in Covington, KY between October 2024 and November 2024 increased by 37.1%. While the average time on the market in November 2024 was 66 days, the median list price was $249,950.

From Rocket Homes Real Estate and based on county public records data.

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