NOT LISTED FOR SALE

108 Ferris Place Ithaca, NY 14850

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

Last Sold June 04, 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: 09/11/2023

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

  • Assessor Parcel Number 500700-068-000-0010-003-000-0000

Community Details

Overview

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

Building Details

  • Net Operating Income $78,616

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,064

Year Built

Built in 1915

Lot Details

0

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
  • ResoBuildingAreaSource: PublicRecords
  • Attribution Contact: 607-227-2139
  • Special Features: None
  • Stories: 3
  • Year Built: 1915

Interior Features

  • Furnished: Furnished
  • Appliances: Electric Water Heater
  • 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
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Property Net Operating Income: 78616.0

Tax Info

  • Tax Annual Amount: 16064.0
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 +255.3% $209 / Sq Ft
04/18/2014 04/18/14 Sold $190,000 +1.3% $79 / Sq Ft View Prior Sale
03/19/2014 03/19/14 Pending -- -- --
02/18/2014 02/18/14 For Sale $187,500 -- $78 / Sq Ft
Source: Ithaca Board of REALTORS®

Tax History Compared to Growth

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 $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

APN: 500700 68.-10-3