NOT LISTED FOR SALE

1124 Lake St Elmira, NY 14901

Estimated Value: $33,000 - $63,000

2 Beds
2 Baths
2,112 Sq Ft
$21/Sq Ft Est. Value

Last Sold June 08, 2021

Last sale price $18,000 $9 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $286/month

124 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • Carpet
  • Open Patio

About This Home

As of June 2021

CALLING ALL INVESTORS! A great investment opportunity at a great price! This 2-Unit Side/Side is currently occupied on both sides, all you have to do is take over! Separate utilities in both units, and tenants are responsible for all utilities. Home is in need of some repairs, but it's ready to start paying out, so you can make the repairs as you go. One 3 bedroom, and one 2 bedroom, each with 1 bath. Current tenants are long term, and would like to stay. Current owner is willing to provide a contractor's estimate for cost of repairs to be completed. Inspection for buyer's information only.

Last Agent to Sell the Property

Nicholas Brown

Listing by Signature Properties Corning License #10401306342 Listed on: 01/05/2021

Last Buyer's Agent

Khalid Osman

Listing by Warren Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,971 Sq Ft Lot
  • Lot Dimensions are 114x69

Home Design

  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 2,112 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Free-Standing Range

Flooring

  • Carpet
  • Vinyl

Parking

  • Parking Available
  • Off-Street Parking

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Wall Furnace
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 89.07-5-8

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1920
  • Water Body Name: None
  • Subdivision Name: NONE
  • Directions: Travel north on Lake St, Towards Pidgeon Point. Property is on the right, just before the laundromat. Parking area is in the rear, off of Oak St.
  • Architectural Style: Two Story
  • Flooring: Carpet, Varies, Vinyl
  • Year Built Details: Existing
  • Master Plan Zoning: Res
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Free-Standing Range, Oven, Refrigerator
  • Basement: Full
  • Basement YN: Yes

Exterior Features

  • Acres: 0.183
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Stone
  • Patio And Porch Features: Open, Porch

Garage/Parking

  • Parking Features: Off Street, Parking Available

Utilities

  • Heating: Gas, Forced Air, Wall Furnace
  • HeatingYN: Yes
  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Junior High Dist: Elmira

Lot Info

  • Parcel Number: 89.07-5-8
  • Lot Dimensions: 114X69
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2229.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2025
Sold by
Chemung County and Moss
Bought by
Big Flip Solutions Llc
Current Estimated Value
$45,191

Purchase Details

Closed on
Oct 28, 2024
Sold by
Chemung County Treasurer
Bought by
County Of Chemung

Purchase Details

Listed on
Jan 5, 2021
Closed on
May 24, 2021
Sold by
Orr Zachery
Bought by
Ocasio Octavian
Seller's Agent
Nicholas Brown
Signature Properties Corning
Buyer's Agent
Khalid Osman
Warren Real Estate
List Price
$35,000
Sold Price
$18,000
Premium/Discount to List
-$17,000
-48.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.69%

Purchase Details

Closed on
Aug 1, 2017
Sold by
Shark Corporation
Bought by
Orr Zaxhary

Purchase Details

Closed on
Mar 29, 2000

Purchase Details

Closed on
Oct 15, 1998

Purchase Details

Closed on
Oct 28, 1997
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
Big Flip Solutions Llc $19,500 None Available
County Of Chemung $20,000 None Available
Ocasio Octavian $18,000 None Available
Ocasio Octavian $18,000 None Available
Orr Zaxhary $30,000 --
Orr Zaxhary $30,000 --
-- $27,700 --
-- $27,700 --
-- -- --
-- -- --
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2021 06/08/21 Sold $18,000 -48.6% $9 / Sq Ft
05/09/2021 05/09/21 Pending -- -- --
01/05/2021 01/05/21 For Sale $35,000 -- $17 / Sq Ft
Source: Elmira-Corning Regional Association 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 $3,826 $20,000 $5,300 $14,700
2023 $3,823 $20,000 $5,300 $14,700
2022 $708 $20,000 $5,300 $14,700
2021 $698 $20,000 $5,300 $14,700
2020 $842 $20,000 $5,300 $14,700
2019 $405 $20,000 $5,300 $14,700
2018 $2,166 $20,000 $5,300 $14,700
2017 $708 $20,000 $5,300 $14,700
2016 $703 $20,000 $5,300 $14,700
2015 -- $20,000 $5,300 $14,700
2014 -- $20,000 $5,300 $14,700
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Nicholas Brown

    Signature Properties Corning

    Section Image

  • K

    Buyer's Agent in 2021

    Khalid Osman

    Warren Real Estate

See All Agents

Map

Source: Elmira-Corning Regional Association of REALTORS®

MLS Number: EC261295

APN: 070400-089-007-0005-008-000-0000

New York Chemung County Elmira 14901

1124 Lake St, Elmira, NY

This home is located at 1124 Lake St, Elmira, NY 14901 since 05 January 2021 and is currently estimated at $45,191, approximately $21 per square foot. This property was built in 1920. 1124 Lake St is a home located in Chemung County with nearby schools including Diven Elementary School, Hendy Avenue School, and Elmira High School.

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