125 Kelvin Place Ithaca, NY 14850
Cornell Heights Neighborhood
6
Beds
2.5
Baths
2,512
Sq Ft
0.4
Acres
Highlights
- Wood Flooring
- 1 Fireplace
- Built-In Double Oven
- Cayuga Heights Elementary School Rated A-
- Home Office
- 1 Car Detached Garage
About This Home
As of October 2022Timeless craftsman in highly desirable Cornell Heights neighborhood on large, corner lot. A 6 bedroom, 2.5 bath historic beauty with 3 levels of living, hardwood flooring throughout and abundant natural light. The main level boasts a large welcoming entrance hall with den and formal living room on either side, powder room, formal dining room with private side porch, and large eat-in-kitchen that leads to back patio and garden. Four bedrooms and full bath on the second level and two more bedrooms, changing room, and full bath on the third level. Start and end your day with daily chimes concerts. Walk to main campus in 10 minutes. No Cornell land lease. Where dreams come home.
Last Agent to Sell the Property
Howard Hanna S Tier Inc Brokerage Email: jackietmei@gmail.com License #10401285353 Listed on: 07/15/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $20,131
Year Built
- Built in 1905
Parking
- 1 Car Detached Garage
Home Design
- Stone Foundation
- Frame Construction
- Asphalt Roof
- Cedar
Interior Spaces
- 2,512 Sq Ft Home
- 1 Fireplace
- Entrance Foyer
- Home Office
- Partially Finished Basement
Kitchen
- Eat-In Kitchen
- Built-In Double Oven
- Built-In Range
- Range Hood
- Recirculated Exhaust Fan
- Dishwasher
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
Laundry
- Dryer
- Washer
Schools
- Cayuga Heights Elementary School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Hot Water Heating System
- High Speed Internet
Additional Features
- Energy-Efficient Windows
- Patio
- 0.4 Acre Lot
Listing and Financial Details
- Assessor Parcel Number 9.-4-1
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 7, 2024
Sold by
Lodge At Cornell Hts Llc
Bought by
Kelvin Place 125 Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,000,000
Outstanding Balance
$10,865,819
Interest Rate
6.88%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$10,173,802
Purchase Details
Listed on
Jul 15, 2022
Closed on
Oct 20, 2022
Sold by
Orr Douglas and Mitchell Julia
Bought by
Lodge At Cornell Hts Llc
Seller's Agent
Jacqueline Mei
Howard Hanna S Tier Inc
Buyer's Agent
Jill Burlington
Warren Real Estate of Ithaca Inc.
List Price
$599,000
Sold Price
$590,000
Premium/Discount to List
-$9,000
-1.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.76%
Original Mortgage
$472,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 30, 2020
Sold by
Rosano Rocco and Rosano Elizabeth
Bought by
Cooper Peter W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 22, 1997
Similar Homes in Ithaca, NY
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $600,000 | None Available | |
| Warranty Deed | $590,000 | None Available | |
| Warranty Deed | $138,400 | None Available | |
| Warranty Deed | $138,400 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $11,000,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $7,000,000 | Purchase Money Mortgage | |
| Previous Owner | $472,000 | Purchase Money Mortgage | |
| Previous Owner | $120,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $120,000 | New Conventional | |
| Previous Owner | $5,897 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/21/2022 10/21/22 | Sold | $590,000 | -1.5% | $235 / Sq Ft |
| 09/21/2022 09/21/22 | Pending | -- | -- | -- |
| 07/15/2022 07/15/22 | For Sale | $599,000 | -3.2% | $238 / Sq Ft |
| 04/25/2022 04/25/22 | Sold | $619,000 | 0.0% | $246 / Sq Ft |
| 03/26/2022 03/26/22 | Pending | -- | -- | -- |
| 02/08/2022 02/08/22 | For Sale | $619,000 | -- | $246 / Sq Ft |
Source: Ithaca Board of REALTORS®
Tax History Compared to Growth
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 | $20,131 | $660,000 | $109,800 | $550,200 |
| 2023 | $12,788 | $590,000 | $109,800 | $480,200 |
| 2022 | $17,034 | $525,000 | $109,800 | $415,200 |
| 2021 | $16,192 | $475,000 | $109,800 | $365,200 |
| 2020 | $10,285 | $475,000 | $109,800 | $365,200 |
| 2019 | $2,378 | $450,000 | $109,800 | $340,200 |
| 2018 | $10,078 | $450,000 | $109,800 | $340,200 |
| 2017 | $8,434 | $370,000 | $65,000 | $305,000 |
| 2016 | $8,515 | $370,000 | $65,000 | $305,000 |
| 2015 | -- | $350,000 | $65,000 | $285,000 |
| 2014 | -- | $350,000 | $65,000 | $285,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jacqueline Mei
J
Seller's Agent in 2022
Jacqueline Mei
Howard Hanna S Tier Inc
(607) 280-1921
3 in this area
58 Total Sales
-
Jill Burlington
Buyer's Agent in 2022
Jill Burlington
Warren Real Estate of Ithaca Inc.
(607) 592-0474
9 in this area
304 Total Sales
Map
Source: Ithaca Board of REALTORS®
MLS Number: IB407133
APN: 500700-009-000-0004-001-000-0000
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