NOT LISTED FOR SALE

Estimated Value: $615,000

0.58 Acre
$1,060,345 Price per Acre
25,265 Sq Ft Lot

Last Sold October 23, 2023

Last sale price $900,000 $553 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $3,469/month

381 Days on Market

About This Lot

As of October 2023

Prime Infill Development Site located in Ithaca's Commercial Corridor. Vacant Corner Lot -- 0.58 acre's consisting of 5 parcels -- at signalized intersection. Heavy Traffic - 35,106 AADT. Nearby are a mix of retailers, restaurants, apartments and residences. Attractive flexible zoning - WEDZ-1a - allows for multi-family development and range of other commercial uses. Level lot with utilities at street. Exceptional visibility. Aerial + Flyer accompanies listing.

Last Agent to Sell the Property

David Huckle

Pyramid Brokerage Company - Co License #10301217083 Listed on: 09/07/2022

Property Details

Property Type

  • Land

Lot Details

  • 0.58 Acre Lot
  • Cleared Lot

Parking

  • No Driveway

Location

  • City Lot

Schools

  • Beverly J Martin Elementary School
  • Boynton Middle School

Listing and Financial Details

  • Assessor Parcel Number 72.-2-9

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.58
  • Directions: Corner of N. Meadow & W. Seneca Streets, Ithaca
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: City Lot, Other, See Remarks, Cleared

Garage/Parking

  • Parking Features: No Driveway

Utilities

  • Utilities: Natural Gas Available, Other, See Remarks, Sewer Connected
  • Water Source: Public

Schools

  • Elementary School: Beverly J Martin Elementary
  • Junior High Dist: Ithaca
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Lot Size Sq Ft: 25265.0
  • Parcel #: 72.-2-9
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2022
Closed on
Oct 20, 2023
Sold by
Community Bank Na
Bought by
Meadow On Seneca Hsng Cor
Seller's Agent
David Huckle
Pyramid Brokerage Company - Co
List Price
$750,000
Sold Price
$900,000
Premium/Discount to List
$150,000
20%
Current Estimated Value
$615,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$285,000
Avg. Annual Appreciation
-16.03%
Original Mortgage
$1,400,000
Outstanding Balance
$1,372,781
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$757,781

Purchase Details

Closed on
Nov 4, 2013
Sold by
Quach Helen
Bought by
Wells Steven M

Purchase Details

Closed on
Nov 24, 2003
Sold by
Kir Sook Yin Ching
Bought by
Quach Helen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Meadow On Seneca Hsng Cor $900,000 None Available
Wells Steven M $735,000 Randall B. Marcus
Quach Helen $80,000 Michael Pichel
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meadow On Seneca Hsng Cor $1,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2023 10/23/23 Sold $900,000 +20.0% $553 / Sq Ft
09/23/2023 09/23/23 Pending -- -- --
09/07/2022 09/07/22 For Sale $750,000 -- $461 / 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 $2,968 $758,000 $758,000 $0
2023 $3,446 $160,000 $160,000 $0
2022 $5,743 $160,000 $160,000 $0
2021 $5,743 $160,000 $160,000 $0
2020 $3,665 $160,000 $160,000 $0
2019 $4,611 $160,000 $160,000 $0
2018 $3,747 $160,000 $160,000 $0
2017 $3,721 $150,000 $62,200 $87,800
2016 $3,755 $150,000 $62,200 $87,800
2015 -- $125,000 $62,200 $62,800
2014 -- $150,000 $62,200 $87,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB407435

APN: 500700-072-000-0002-009-000-0000