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(SOLD) $80,000

1517 Garrard Street Covington, KY  41001

  • 6 Beds
  • 4 Baths

Property Description for 1517 Garrard Street Covington, KY 41001

Have you been looking for the perfect 1031 exchange? This second over first duplex is rehab ready! Both units are framed out for 3 bedrooms, 2 full bathrooms, and in-unit laundry. Strong rental comps averaging $1500/mo for 3/2. PEX plumbing and drainpipe has been roughed in. Off-street parking, original fireplaces (non-working), some replacement windows have been installed. Several tax incentives may be in place for rehab of this building. Northern Kentucky Opportunity Zone Prospectus and the City of Covington Economic Development Strategy and Incentives are great places to start. Call the listing agent for more information or to schedule a walkthrough appointment.

Address:1517 Garrard Street Covington KY 41001
Status:Sold
Sold On: 10/25/2022
Price:$92,000
Bedrooms:6 Beds
Bathrooms:4 Full Baths
Year Built:9999
Lot Size:0.13
County: Kenton
School System : Covington Independent
MLS #:22021813

Lot Dimensions:5460
Directions:From 71, turn east onto MLK Jr. Blvd, pass the Cathedral Basilica of the Assumption, right onto Garrard St, property is just past E. 15th St intersection on the right.
Abv. Grnd. Sq. Ft. :2,800

Loan Price
$450
Price And Interest $417/month
Property Tax $0/month
MTG INS $0/month
HOME INS $33/month
Price
$80,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$396 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Mandatory HOA Fee:$

Area: 056 - Kenton County
Subdivision: Covington
Zip Code:41001

School System:Covington Independent
High School:Holmes High School
Middle School:Holmes Middle School
Elementary School:Sixth District

Cool:None
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Laura Elliott with EXP Realty, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Covington, KY Market Report

282
Avg. DOM
$156.89
Avg. $ / Sq.Ft.
$ 235,000
Med. List Price

The house prices in Covington are not dropping at the moment. There has been a increase in price of $94,500.00. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Covington are going Up. The average house price is $265,000.00 and the average price per square feet is $164.35 per square feet. At the moment, the amount of homes listed is exactly 17 houses, with 6 with active status, 1 with pending status and 10 sold in Covington .

The most popular place to buy a home in Covington is 12-Other Counties. 12-Other Counties is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Covington .

The average amount of property taxes you would have to pay for a home in Covington is $0.00. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Covington are staying listed for an average of 24 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Covington was 33595 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Covington is $300,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Covington is $209,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Covington in year and the newest built house is in year 1922.

The average size of properties in Covington is 1642.17 sq.ft. , the biggest one being 2174 sq.ft. and the smaller being 1112 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.