125 Kelvin Place Ithaca, NY 14850
Cornell Heights Neighborhood
6
Beds
3
Baths
2,512
Sq Ft
0.4
Acres
About This Home
As of October 2022This well maintained classic Arts and Crafts residence is available for sale in Cornell Heights in a location that is hard to beat. A total of six bedrooms occupy the 2nd and 3rd levels with one full bath on each upper floor and a guest half bath on the main level. Featuring a formal living room for intimate conversations by the fireplace, an open spacious kitchen, a formal dining room that opens to a hidden side porch oasis for summer gatherings, and a TV den for cozy Netflix nights. Period light fixtures, pocket doors, and beautiful hardwood floors throughout. Enjoy privacy on this large corner lot with back patio garden. Walk to main campus, listen to the daily chimes, enjoy an after dinner walk around Beebe Lake, or mosey over to the Arts Quad for a summer concert. NO Cornell ground lease.
Last Agent to Sell the Property
Howard Hanna S Tier Inc Brokerage Email: jackietmei@gmail.com License #10401285353 Listed on: 02/08/2022
Last Buyer's Agent
Howard Hanna S Tier Inc Brokerage Email: jackietmei@gmail.com License #10401285353 Listed on: 02/08/2022
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
Total Days on Market
46
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
$10,895,483
Interest Rate
6.88%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$10,198,336
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
6.58%
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
Create a Home Valuation Report for This Property
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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 | $12,788 | $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
2 in this area
58 Total Sales
-
Jill Burlington
Buyer's Agent in 2022
Jill Burlington
Warren Real Estate of Ithaca Inc.
(607) 592-0474
8 in this area
321 Total Sales
Map
Source: Ithaca Board of REALTORS®
MLS Number: IB405966
APN: 500700-009-000-0004-001-000-0000
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