$720,000
$92K PRICE DROP

116 Heights Ct Unit 16 Ithaca, NY 14850

Cornell Heights Neighborhood

Estimated payment $5,630/month

Total Views 40,228
7 Beds
4 Baths
4,019 Sq Ft
$179 Price per Sq Ft

Highlights

  • Property is near public transit
  • Wood Flooring
  • Furnished
  • Cayuga Heights Elementary School Rated A-
  • 1 Fireplace
  • Hot Water Heating System

About This Home

116 & 116.5 Heights Court is a three-story, identical side-by-side duplex, located next to 114 Heights Court, which is also on the market. Nestled in the charming historic neighborhood of Cornell Heights, this property is just steps away from North Cornell Campus and boasts a consistent student rental history. Each side of the duplex features elegant hardwood floors, four bedrooms, and 1.5 bath. The modern kitchens for each unit come fully equipped. Each also has a washer and dryer in the full basement, and a rear porch leads to the shared parking area. Together with 114 Heights Court, this presents an excellent income opportunity. You can reside at 114 Heights Court while renting out 116/116.5 Heights Court, or use this as your gateway into the Ithaca student rental market.

Listing Agent

Kayla Lane

Dryden Realty License #10401270231 Listed on: 01/17/2025

Co-Listing Agent

James Lane

Dryden Realty License #10371201153

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,531

Year Built

  • Built in 1905

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Rectangular Lot

Home Design

  • Duplex
  • Block Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 4,019 Sq Ft Home
  • 3-Story Property
  • Furnished
  • 1 Fireplace
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms

Parking

  • 2 Car Garage
  • Common or Shared Parking

Location

  • Property is near public transit

Schools

  • Cayuga Heights Elementary School
  • Ithaca Senior High School

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • Heating System Uses Steam
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 8.-4-5

Community Details

Overview

  • Association fees include common area maintenance, snow removal
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $8,642
  • Gross Income $66,540
  • Net Operating Income $36,367

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,531

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size: 50X100
  • Road Frontage Type: City Street
  • Co List Office Mls Id: IB42
  • Co List Office Phone: 607-844-5130
  • Directions: Once on Heights Ct., building is about halfway down on right. No for sale sign, but for rent sign with Dryden Realty name. Find street parking as off street behind building is reserved and paid by residents.
  • Architectural Style: Duplex
  • Building Stories: 3
  • Structure Type: Duplex
  • Year Built Details: Existing
  • Year Built: 1905
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 3
  • Year Built: 1905

Interior Features

  • Furnished: Furnished
  • Appliances: Gas Water Heater
  • Owner Pays: Grounds Care, Snow Removal
  • Has Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Varies
  • Living Area: 4019.0
  • Stories: 3

Exterior Features

  • Lot Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
  • Waterfront: No
  • Construction Type: Stucco
  • Foundation Details: Block
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Parking Features: Common, Two or More Spaces

Utilities

  • Heating: Gas, Hot Water, Steam
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Snow Removal

Schools

  • Elementary School: Cayuga Heights Elementary
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High

Lot Info

  • Lot Size Sq Ft: 5000.0
  • Parcel #: 8.-4-5
  • Zoning Description: Residential 2 Unit

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 66540.0
  • Property Net Operating Income: 36367.0
  • Annual Operating Expense: 8642.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 21531.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $21,436 $675,000 $51,500 $623,500
2023 $14,117 $648,000 $51,500 $596,500
2022 $19,680 $600,000 $51,500 $548,500
2021 $18,333 $520,000 $51,500 $468,500
2020 $11,589 $520,000 $51,500 $468,500
2019 $10,495 $450,000 $51,500 $398,500
2018 $10,653 $450,000 $51,500 $398,500
2017 $8,777 $360,000 $41,300 $318,700
2016 $8,858 $360,000 $41,300 $318,700
2015 -- $300,000 $41,300 $258,700
2014 -- $300,000 $41,300 $258,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Price Changed $720,000 -11.3% $179 / Sq Ft
01/17/2025 01/17/25 For Sale $812,000 -- $202 / Sq Ft
Source: Ithaca Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $260,000 Randall Marcus
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $93,046 Unknown
Open $208,000 Purchase Money Mortgage
Source: Public Records

Source: Ithaca Board of REALTORS®

MLS Number: R1584792

APN: 500700-008-000-0004-005-000-0000

New York Tompkins County Ithaca 14850 Cornell Heights

116 Heights Ct Unit 16, Ithaca, NY

This home is located at 116 Heights Ct Unit 16, Ithaca, NY 14850 and is currently priced at $720,000, approximately $179 per square foot. This property was built in 1905. 116 Heights Ct Unit 16 is a home located in Tompkins County with nearby schools including Cayuga Heights Elementary School, Boynton Middle School, and Ithaca Senior High School.

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Nearby Homes
Listing Agent
Kayla Lane
Section Image
Dryden Realty
(607) 303-5886