NOT LISTED FOR SALE

123 Salem Dr Ithaca, NY 14850

Estimated Value: $357,000 - $410,000

5 Beds
2.5 Baths
2,131 Sq Ft
$182/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $300,000 $141 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,653/month

72 Days on Market

Highlights

  • Deck
  • Raised Ranch Architecture
  • Main Floor Primary Bedroom
  • Northeast School Rated A
  • Wood Flooring
  • 4-minute walk to Salem Park

About This Home

As of August 2023

Classic 1960's raised ranch with its characteristically efficient use of space, shallow roof with broadly overhanging eaves and hardwood floors. Ideally located on a corner lot in a desirable Northeast neighborhood on a bus route for easily accessed public transportation. Main level living with living & dining rooms, kitchen with adjacent large pantry, linen closet, 3 bedrooms and 1 & 1/2 baths. Plus, huge lower-level rec room, 2 more bedrooms or office, another full bath and large utility/laundry area that connects to the attached garage. Some updates include newer furnace with central AC, newer water heater, vinyl siding and a solidly built back deck out the kitchen door. Large lot with plenty of mature trees and privacy. Make an appointment to see it today and check out the virtual???????????????????????????????????????? tour.

Last Agent to Sell the Property

Allison Hogue

Warren Real Estate of Ithaca Inc. License #10301218831 Listed on: 05/01/2023

Last Buyer's Agent

Lirong Wu

Warren Real Estate of Ithaca Inc. License #10401342943

Warren Real Estate of Ithaca Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1967

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 150x140

Parking

  • 1 Car Garage

Home Design

  • Raised Ranch Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,131 Sq Ft Home
  • Ceiling Fan
  • Home Office

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher

Flooring

  • Wood
  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Partially Finished Basement

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

Schools

  • Northeast Elementary School
  • Dewitt Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • High Speed Internet

Additional Features

  • Energy-Efficient Windows
  • Deck

Listing and Financial Details

  • Assessor Parcel Number 70.-10-1.6

Home Details

Home Type

Single Family

Year Built

Built in 1967

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.48
  • Lot Size: 150X140
  • Directions: Hanshaw Rd to Salem Drive, house on right at corner of Sycamore & Salem
  • Architectural Style: Raised Ranch
  • Garage Yn: Yes
  • Efficiency: Windows
  • Year Built: 1967
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Oven, Gas Range, Refrigerator, Range Hood, Washer
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Concrete, Hardwood, Varies, Vinyl
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Home Office, Main Level Primary
  • Living Area: 2131.0
  • Dining Room Type: Office

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Deck
  • Foundation Details: Block
  • Patio And Porch Features: Deck
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Elementary School: Northeast
  • Junior High Dist: Ithaca
  • Middle Or Junior School: Dewitt Middle

Lot Info

  • Lot Size Sq Ft: 20909.0
  • Parcel #: 70.-10-1.6
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Aug 11, 2023
Sold by
Prabhu Vasundhara and Prabhu Purnima
Bought by
Lin Tingting and Wang Rongqiang
Seller's Agent
Allison Hogue
Warren Real Estate of Ithaca Inc.
Buyer's Agent
Lirong Wu
Warren Real Estate of Ithaca Inc.
List Price
$337,000
Sold Price
$300,000
Premium/Discount to List
-$37,000
-10.98%
Current Estimated Value
$386,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,951
Avg. Annual Appreciation
11.24%
Original Mortgage
$200,000
Outstanding Balance
$195,443
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$191,508

Purchase Details

Closed on
Feb 22, 2022
Sold by
Prabhu Narahari U
Bought by
Prabhu Vasundhara and Prabhu Purnima
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lin Tingting $300,000 None Available
Prabhu Vasundhara -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Tingting $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2023 08/11/23 Sold $300,000 -11.0% $141 / Sq Ft
07/12/2023 07/12/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $337,000 -- $158 / 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 $7,587 $300,000 $53,800 $246,200
2023 $8,104 $311,000 $53,800 $257,200
2022 $7,716 $283,000 $53,800 $229,200
2021 $7,329 $260,000 $53,800 $206,200
2020 $7,350 $260,000 $53,800 $206,200
2019 $3,535 $260,000 $53,800 $206,200
2018 $7,487 $260,000 $53,800 $206,200
2017 $6,579 $225,000 $53,800 $171,200
2016 $6,626 $225,000 $53,800 $171,200
2015 -- $225,000 $53,800 $171,200
2014 -- $210,000 $53,800 $156,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB408596

APN: 503089-070-000-0010-001-006-0000