Heather Gowe
Warren Real Estate
(607) 252-9035
82 Total Sales
1 in Downtown Ithaca
$930,100 Price
114 S Geneva St Ithaca, NY 14850
Downtown Ithaca NeighborhoodEstimated Value: $601,413
Studio
--
Bath
3,915
Sq Ft
$154/Sq Ft
Est. Value
Highlights
- 0.17 Acre Lot
- Forced Air Heating System
- 4-minute walk to Bernie Milton Pavilion
- DeWitt Middle School Rated A-
About This Home
As of July 2021Fantastic location and excellent ROI with 8% CAP rate. Multi-unit commercial property in the heart of downtown Ithaca. Take over an existing lease ending 10/31/21 providing a gross yearly rent of $68,676 with automatic annual renewal. 2,284 square feet of office space on the main floor with 2 bathrooms. 3 apartments upstairs legal for 6 unrelated occupants. Apartments are 2 bedroom, 1 bedroom, and a studio. Current tenant Master leases the building and is responsible for all utilities, trash, landscaping, snow removal. Tenant maintains all interior including: heating, window AC units, doors, walls, fixtures, and responsible for repairs to keep premises in good repair. Owner maintains the roof, driveway, plumbing and exterior walls. Entire exterior just painted. Ample parking lot w/ entry from Green or Geneva St, with room for more than 10 cars. Instant source of positive cash flow, and will be highly profitable as completely residential multi-unit in the heart of a thriving downtown.
Last Agent to Sell the Property
Howard Hanna S Tier Inc Brokerage Email: homes@clagalla.com License #10301206699 Listed on: 07/22/2020
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,920
Year Built
- Built in 1975
Lot Details
- 7,405 Sq Ft Lot
Home Design
- 3,915 Sq Ft Home
- Stone Foundation
- Poured Concrete
- Frame Construction
- Asphalt Roof
Kitchen
- Gas Oven
- Gas Range
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Schools
- Dewitt Middle School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- Gross Income $68,676
Listing and Financial Details
- Tenant pays for common area maintenance, electricity, heat, janitorial service
- Assessor Parcel Number 71.-4-7
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
Listed on
Jul 22, 2020
Closed on
Jul 26, 2021
Sold by
Bought by
Seller's Agent
Claudia Lagalla
Howard Hanna S Tier Inc
Buyer's Agent
Colleen Cowan
Warren Real Estate of Ithaca Inc.
List Price
$495,000
Sold Price
$500,000
Premium/Discount to List
$5,000
1.01%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,413
Avg. Annual Appreciation
3.71%
Original Mortgage
$400,000
Outstanding Balance
$356,165
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$245,248
Purchase Details
Closed on
May 17, 2006
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
$75,000
Interest Rate
6.42%
Mortgage Type
Commercial
Purchase Details
Closed on
May 22, 2000
Sold by
Bought by
Purchase Details
Closed on
Oct 4, 1999
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Ithaca, NY
-
Heather Gowe
-
Brian DeYoung
Brian DeYoung
Berkshire Hathaway HomeService
(607) 882-6581
77 Total Sales
1 in Downtown Ithaca
$490,000 Price
-
Jamie Jensen
Jamie Jensen
Howard Hanna
(607) 391-2590
131 Total Sales
1 in Downtown Ithaca
$420,000 Price
-
Johan Dulfer
Johan Dulfer
Berkshire Hathaway HomeServices Heritage Realty
(315) 566-0022
79 Total Sales
1 in Downtown Ithaca
$400,000 Price
-
Susan Lustick
Susan Lustick
Responds QuicklyWarren Real Estate
(607) 275-5954
72 Total Sales
1 in Downtown Ithaca
$283,500 Price
-
David Huckle
David Huckle
Pyramid Brokerage Company
(607) 366-9376
48 Total Sales
6 in Downtown Ithaca
$400K - $2M Price Range
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 |
|---|---|---|---|
| $500,000 | None Available | ||
| $240,000 | Matthew A Peterson | ||
| -- | -- | ||
| $125,417 | -- |
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 |
|---|---|---|---|
| Open | $206,320 | ||
| Open | $400,000 | ||
| Previous Owner | $75,000 | ||
| Closed | $150,000 |
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 |
|---|---|---|---|---|
| 07/26/2021 07/26/21 | Sold | $500,000 | +1.0% | $128 / Sq Ft |
| 06/26/2021 06/26/21 | Pending | -- | -- | -- |
| 07/22/2020 07/22/20 | For Sale | $495,000 | -- | $126 / 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 | $19,661 | $550,000 | $65,000 | $485,000 |
| 2024 | $11,161 | $550,000 | $65,000 | $485,000 |
| 2023 | $12,222 | $550,000 | $65,000 | $485,000 |
| 2022 | $18,346 | $475,000 | $65,000 | $410,000 |
| 2021 | $18,346 | $475,000 | $65,000 | $410,000 |
| 2020 | $5,763 | $220,000 | $65,000 | $155,000 |
| 2019 | $4,942 | $290,000 | $65,000 | $225,000 |
| 2018 | $7,063 | $290,000 | $65,000 | $225,000 |
| 2017 | $7,240 | $290,000 | $65,000 | $225,000 |
| 2016 | $7,305 | $290,000 | $65,000 | $225,000 |
| 2015 | -- | $275,000 | $65,000 | $210,000 |
| 2014 | -- | $275,000 | $65,000 | $210,000 |
Source: Public Records
Agents Affiliated with this Home
-
Claudia Lagalla
Seller's Agent in 2021
Claudia Lagalla
Howard Hanna S Tier Inc
(607) 342-3749
100 Total Sales
-
Colleen Cowan
Buyer's Agent in 2021
Colleen Cowan
Warren Real Estate of Ithaca Inc.
(607) 342-6495
1 in this area
93 Total Sales
Map
Source: Ithaca Board of REALTORS®
MLS Number: IB402515
APN: 500700-071-000-0004-007-000-0000
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