1198 Westport Way

1198 Westport Way has been categorized by the local assessors in Covington, KY as a residential type of property. The building on the property was first built in 2010 and is 14 years old. The building has a total of 2 stories. In addition, 1198 Westport Way has 2,861 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 1,307 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1198 Westport Way was last sold in Oct 13, 2023 for $675,000. According to our calculations, that's $235.93 per sqft. Prior to that sales transaction, the property was sold for $500,000 in Mar 22, 2016. Current property owners are expected to pay $6,996 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 1198 Westport Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $525,200. To break that down further, the land itself was valued at $25,000. While improvements to the property were assessed at a total of $500,200. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.