$1,500,000
$250K PRICE DROP

Estimated payment $9,799/month

Total Views 34,096
15 Beds
-- Bath
7,858 Sq Ft
$191 Price per Sq Ft

Highlights

  • 3 Acre Lot
  • Deck
  • Wood Flooring
  • South Hill School Rated A-
  • Wooded Lot
  • Cooling System Mounted In Outer Wall Opening

About This Home

Five homes listed together to create a rare opportunity in a prime High-Density Residential area! Approx. 3-acres of land located across from Ithaca College and moments away from downtown Ithaca. Available now on Danby Rd. (96B). This gem presents an enticing prospect for developers & investors alike. One of the standout features of this property is the existing income-producing potential it offers. For the past 25 years, the 5 properties have been generating steady revenue, making it a promising investment opportunity with a proven track record. All the essential infrastructure for development is on-site. House Lots are beautifully landscaped, complementing the vibrant surroundings. With the flexibility of HDR Zoning to develop condominiums, townhouses, apartment buildings, and other multiple family housing for developers. The possibilities are endless!

Listing Agent

Elizabeth Cree

Berkshire Hathaway HomeServices Heritage Realty Brokerage Phone: 607-428-0708 License #10401334154 Listed on: 12/10/2024

Berkshire Hathaway HomeServices Heritage Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,680

Year Built

  • Built in 2007

Lot Details

  • 3 Acre Lot
  • Lot Dimensions are 326x270
  • Irregular Lot
  • Wooded Lot

Parking

  • 1 Car Garage
  • Gravel Driveway

Home Design

  • Asphalt Roof

Interior Spaces

  • 15 Bedrooms
  • 7,858 Sq Ft Home
  • 1-Story Property
  • Sliding Doors
  • Finished Basement
  • Crawl Space

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • South Hill Elementary School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 503089-039-000-0001-009-001-0000

Community Details

Overview

  • Association fees include common area maintenance, snow removal
  • 5 Units

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,680

Year Built

Built in 2007

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Other
  • Prop. Type: Multi Family
  • Lot Size Acres: 3.0
  • Lot Size: 326X270
  • Road Frontage Type: City Street
  • Directions: Head towards Ithaca College's Main campus from downtown. The property is mostly in a square and just past Cayuga Vistam across from College Circle Apartments.
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Existing
  • Year Built: 2007
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Other
  • Attribution Contact: 607-428-0708
  • Special Features: None
  • Stories: 1
  • Year Built: 2007

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer
  • Owner Pays: Grounds Care, Snow Removal
  • Has Basement: Crawl Space, Finished
  • Basement YN: Yes
  • Total Bedrooms: 15
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Laminate, Varies
  • Interior Amenities: Other, See Remarks, Sliding Glass Door(s)
  • Living Area: 7858.0
  • Stories: 1

Exterior Features

  • Lot Features: Irregular Lot, Residential Lot, Wooded
  • Waterfront: No
  • Construction Type: Other, See Remarks
  • Exterior Features: Deck, Gravel Driveway
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Three or more Spaces, Garage

Utilities

  • Laundry Features: Common Area, Washer Hookup
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Storage Facilities
  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Snow Removal

Schools

  • Elementary School: South Hill
  • Junior High Dist: Ithaca

Lot Info

  • Parcel #: 503089-039-000-0001-009-001-0000
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5

Tax Info

  • Tax Annual Amount: 21680.0
  • Tax Lot: 9

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,722 $355,000 $45,300 $309,700
2023 $6,722 $240,000 $45,300 $194,700
2022 $6,401 $218,000 $45,300 $172,700
2021 $4,945 $200,000 $45,300 $154,700
2020 $4,856 $200,000 $45,300 $154,700
2019 $2,691 $200,000 $45,300 $154,700
2018 $5,698 $200,000 $45,300 $154,700
2017 $5,812 $200,000 $30,200 $169,800
2016 $5,078 $175,000 $30,200 $144,800
2015 -- $175,000 $30,200 $144,800
2014 -- $175,000 $30,200 $144,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 Price Changed $1,500,000 -14.3% $191 / Sq Ft
12/10/2024 12/10/24 For Sale $1,750,000 -- $223 / Sq Ft
Source: Ithaca Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed -- --
Deed -- David Tylor
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $156,900 Unknown
Source: Public Records

Source: Ithaca Board of REALTORS®

MLS Number: R1580737

APN: 503089-039-000-0001-009-001-0000