NOT LISTED FOR SALE

108 Ferris Place Ithaca, NY 14850

Ithaca Area
8 Beds
3 Baths
3,227 Sq Ft
5,100 Sq Ft Lot

Sale Details

Date Sold: June 4, 2024

Last sale price $625,000 $194 Per Sq Ft

149 Days on Market

Highlights

  • Property is near public transit
  • Furnished
  • Patio
  • DeWitt Middle School Rated A-
  • Cooling Available
  • Tile Flooring

About This Home

As of June 2024

Great opportunity to own a Collegetown investment property that has been completely and tastefully renovated. Every surface has been touched from the heating and air conditioning to the beautiful kitchens with stainless appliances, updated tiled baths, new floors, paint, lighting, and in unit washer and dryers. Great ceiling height and spacious rooms. Too many upgrades to mention all. Fully rented through the 2023-24 school year.

Last Agent to Sell the Property

Hallie Magden

Howard Hanna S Tier Inc Brokerage Phone: 607-227-2139 License #30MA0946188 Listed on: 09/07/2023

Howard Hanna S Tier Inc

Last Buyer's Agent

Kelly Skeval

Howard Hanna S Tier Inc License #10401286257

Howard Hanna S Tier Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,064

Year Built

  • Built in 1915

Lot Details

  • 5,100 Sq Ft Lot
  • Lot Dimensions are 60x85

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Stone Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 3,227 Sq Ft Home
  • 3-Story Property
  • Furnished

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Cooling Available
  • Air Source Heat Pump
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Patio
  • Property is near public transit

Listing and Financial Details

  • The owner pays for grounds care, snow removal, water
  • Assessor Parcel Number 500700-068-000-0010-003-000-0000

Community Details

Overview

  • Association fees include gardener, snow removal, water
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • Gross Income $94,680
  • Net Operating Income $78,616

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,064

Year Built

Built in 1915

Lot Details

5,100 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.1171
  • Lot Size: 60X85
  • Road Frontage Type: City Street, Main Thoroughfare
  • Directions: Take State Street right onto Ferris Place.
  • Architectural Style: Duplex
  • Building Stories: 3
  • Year Built Details: Existing
  • Year Built: 1915
  • Attribution Contact: 607-227-2139
  • Special Features: None
  • Stories: 3
  • Year Built: 1915

Interior Features

  • Furnished: Furnished
  • Appliances: Electric Water Heater
  • Owner Pays: Grounds Care, Snow Removal, Water
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Other, See Remarks, Tile, Varies, Vinyl
  • Living Area: 3227.0
  • Stories: 3

Exterior Features

  • Lot Features: Near Public Transit, Residential Lot
  • Waterfront: No
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Patio
  • Foundation Details: Stone
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Parking Features: Paved, One Space

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Gardener, Snow Removal, Water

Schools

  • Junior High Dist: Ithaca

Lot Info

  • Lot Size Sq Ft: 5100.0
  • Parcel #: 500700-068-000-0010-003-000-0000
  • Zoning Description: Residential 2 Unit

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 94680.0
  • Property Net Operating Income: 78616.0
  • Number Of Separate Electric Meters: 2

Tax Info

  • Tax Annual Amount: 16064.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2024
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,979
Interest Rate
0.0709%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
0.0366%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 18, 2014
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$637,755 None Available
-- None Available
-- Heidi Paulino
$190,000 Heidi Paulino
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $573,979
Previous Owner $520,000
Closed $120,000
Closed $262,000
Closed $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/04/2024 06/04/24 Sold $625,000 -7.4% $194 / Sq Ft
02/07/2024 02/07/24 Pending -- -- --
09/11/2023 09/11/23 For Sale $675,000 -- $209 / Sq Ft
Source: Ithaca Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $19,811 $600,000 $74,300 $525,700
2024 $12,002 $600,000 $74,300 $525,700
2023 $9,852 $450,000 $74,300 $375,700
2022 $14,879 $450,000 $74,300 $375,700
2021 $13,928 $393,555 $74,300 $319,255
2020 $8,733 $393,555 $74,300 $319,255
2019 $8,062 $330,000 $74,300 $255,700
2018 $7,843 $330,000 $74,300 $255,700
2017 $7,332 $300,000 $54,000 $246,000
2016 $7,400 $300,000 $54,000 $246,000
2015 -- $200,000 $54,000 $146,000
2014 -- $200,000 $54,000 $146,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: R1497115

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