NOT LISTED FOR SALE

Estimated Value: $385,000 - $440,000

3 Beds
3 Baths
1,996 Sq Ft
$205/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $333,000 $167 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,180/month

50 Days on Market

Highlights

  • Heating System Uses Steam
  • Partially Fenced Property
  • 2-minute walk to Ithaca Falls Natural Area
  • Boynton Middle School Rated A-

About This Home

As of September 2020

Great Fall Creek three-unit with lots of character and small, easy to rent units. Could also be great owner occupied. Excellent mechanicals. Current rental income exceeds $35,000. Long term tenants in all apartments and income could be increased. 2018 Certificate of Compliance shows building legal for 6 unrelated. Landlord pays heat (brand new boiler); electricity in apts paid by tenants. New hot water heater, main drain, and single station fire alarm panel. Ample off street parking. A fine investment.

Last Agent to Sell the Property

Carol Bushberg

Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Email: carol@carolbushberg.com License #10301223410 Listed on: 07/07/2020

Last Buyer's Agent

Fayerty Cokeley

Warren Real Estate of Ithaca Inc. (Downtown) License #10401278688

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,800

Year Built

  • Built in 1910

Lot Details

  • 4,356 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • 1,996 Sq Ft Home
  • Poured Concrete
  • Frame Construction
  • Asphalt Roof

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Recirculated Exhaust Fan

Basement

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

Schools

  • Fall Creek Elementary School
  • Boynton Middle School

Utilities

  • Heating System Uses Gas
  • Heating System Uses Steam

Community Details

  • Fall Creek Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 500700 12.-4-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,800

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.1
  • Subdivision Name: Fall Creek
  • Directions: On North Aurora, between East Lincoln and East Falls Street. House is on the west side of the street, white, aluminum siding.
  • Year Built: 1910
  • ResoBuildingAreaSource: PublicRecords
  • Attribution Contact: carol@carolbushberg.com
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Appliances: Exhaust Fan, Gas Oven, Gas Range, Refrigerator, Range Hood
  • Has Basement: Full, Walk-Out Access
  • Basement YN: Yes
  • Living Area: 1996.0

Exterior Features

  • Fencing: Partial
  • Construction Type: Frame
  • Exterior Features: Fence
  • Foundation Details: Poured
  • Roof: Asphalt

Utilities

  • Heating: Gas, Steam
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Elementary School: Fall Creek Elementary
  • Junior High Dist: Ithaca
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Lot Size Sq Ft: 4356.0
  • Parcel #: 500700 12.-4-5
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Other, See Remarks

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 9800.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2021
Sold by
Central Ny Invstr Llc
Bought by
Templeton & Pelletier Llc
Current Estimated Value
$409,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,250
Outstanding Balance
$94,864
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$314,469

Purchase Details

Listed on
Jul 7, 2020
Closed on
Sep 21, 2020
Sold by
Osherow David L and Osherow Deborah L
Bought by
Z-Dobbins Zachariah H
Seller's Agent
Carol Bushberg
Warren Real Estate of Ithaca Inc. (Downtown)
Buyer's Agent
Fayerty Cokeley
Warren Real Estate of Ithaca Inc. (Downtown)
List Price
$334,000
Sold Price
$333,000
Premium/Discount to List
-$1,000
-0.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%
Original Mortgage
$266,400
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 1, 1800
Closed on
Apr 4, 2014
Sold by
Eyster William J
Bought by
Osherow David L
List Price
$225,000
Sold Price
$251,108
Premium/Discount to List
$26,108
11.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%

Purchase Details

Closed on
Mar 28, 2008
Sold by
Miller Jack L
Bought by
Eyster William J

Purchase Details

Closed on
May 27, 2003
Sold by
Vogel Marilyn
Bought by
Miller Jack L

Purchase Details

Closed on
Aug 24, 2001
Sold by
Mprescp Joseph T
Bought by
Vogel Alan
Source: Public Records

Range of Values:

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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
Templeton & Pelletier Llc $125,000 Stewart Title
Z-Dobbins Zachariah H $333,000 None Available
Osherow David L $251,108 Michael May
Eyster William J $190,000 Mark Wheeler
Miller Jack L $160,000 Don Crittendon
Vogel Alan $75,000 Salk Jim
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Templeton & Pelletier Llc $106,250
Previous Owner Z-Dobbins Zachariah H $266,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/25/2020 09/25/20 Sold $333,000 -0.3% $167 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $334,000 +33.0% $167 / Sq Ft
04/04/2014 04/04/14 Sold $251,108 +11.6% $126 / Sq Ft View Prior Sale
03/05/2014 03/05/14 Pending -- -- --
01/01/1800 01/01/00 For Sale $225,000 -- $113 / 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 $12,189 $360,000 $38,800 $321,200
2023 $8,188 $369,000 $38,800 $330,200
2022 $11,104 $335,000 $38,800 $296,200
2021 $10,178 $280,000 $38,800 $241,200
2020 $6,499 $280,000 $38,800 $241,200
2019 $4,489 $265,000 $38,800 $226,200
2018 $6,379 $265,000 $38,800 $226,200
2017 $6,184 $250,000 $27,900 $222,100
2016 $6,240 $250,000 $27,900 $222,100
2015 -- $220,000 $27,900 $192,100
2014 -- $220,000 $27,900 $192,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB402415

APN: 500700-012-000-0004-005-000-0000