$555,000
SOLD MAY 16, 2025
5 Beds
6 Baths
3,424 Sq Ft
0.71 Acres

Recently Sold

$162 Per Sq Ft

4% Below List Price

87 Days on Market

Highlights

  • Property is near public transit
  • 2 Fireplaces
  • Views
  • South Hill School Rated A-
  • Skylights
  • Patio

About This Home

As of May 2025

Welcome to 128 East King Road, an exceptional multifamily property offering two meticulously maintained townhome units in a prime location, ideally situated near both Cornell University and Ithaca College. This property provides an outstanding opportunity for university staff, students, or anyone seeking convenient access to Ithaca's renowned educational institutions and vibrant cultural scene. Both units enjoy serene lake views, adding a peaceful and picturesque element to their already desirable location. The thoughtfully designed single-floor layout ensures maximum privacy, with no adjoining walls between the units-only a shared garage wall guaranteeing a quiet, comfortable living experience. Apartment #1 features 3 bedrooms and 2.5 bathrooms, including a spacious master suite with a walk-in closet and a bonus second-floor living space. Apartment #2 offers 2 bedrooms and 2.5 bathrooms, also with a generously sized master suite and walk-in closet. Both units have been updated with numerous enhancements, including upgrades to mechanical systems, appliances, and flooring throughout. Whether you are looking to invest in a property with strong rental potential or seeking a comfortable, convenient residence close to Ithaca's academic hub, 128 East King Road offers a unique and valuable opportunity not to be missed.

Last Agent to Sell the Property

Linda Hirvonen

Warren Real Estate of Ithaca Inc. Brokerage Phone: 607-592-3665 License #30HI0646949 Listed on: 02/18/2025

Last Buyer's Agent

Rio Lange

Keller Williams Realty License #10401301832

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,654

Year Built

  • Built in 1994

Lot Details

  • 0.71 Acre Lot
  • Lot Dimensions are 153x209
  • Rectangular Lot

Parking

  • 4 Car Garage
  • Garage Door Opener

Home Design

  • Duplex
  • Slab Foundation
  • Asphalt Roof
  • Wood Siding
  • Radon Mitigation System

Interior Spaces

  • 3,424 Sq Ft Home
  • 1-Story Property
  • Skylights
  • 2 Fireplaces
  • Property Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • South Hill Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Energy-Efficient Windows
  • Patio
  • Property is near public transit

Listing and Financial Details

  • The owner pays for grounds care, garage, snow removal
  • Tax Lot 503089
  • Assessor Parcel Number 43.-1-3.9

Community Details

Overview

  • Association fees include gardener, parking, snow removal
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,654

Year Built

Built in 1994

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.71
  • Lot Size: 153X209
  • Directions: Take Rt. 96 past Ithaca College. Turn left at the light onto E. King Rd. The house is the 3rd house past the Montessori School on the left. The sign is on the house due to ice.
  • Architectural Style: Duplex
  • Garage Yn: Yes
  • Efficiency: Windows
  • Year Built Details: Existing
  • Year Built: 1994
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 607-592-3665
  • Special Features: None
  • Year Built: 1994

Interior Features

  • Appliances: Gas Water Heater
  • Owner Pays: Grounds Care, Garage, Snow Removal
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Varies, Vinyl
  • Living Area: 3424.0
  • Stories: 1
  • Window Features: Skylight(s)

Exterior Features

  • Lot Features: Near Public Transit, Rectangular, Rectangular Lot
  • View: Slope View
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Patio
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 4.0
  • Parking Features: Two or More Spaces, Garage, Garage Door Opener

Utilities

  • Security: Radon Mitigation System
  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • 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: Gardener, Parking, Snow Removal

Schools

  • Elementary School: South Hill
  • Junior High Dist: Ithaca

Lot Info

  • Parcel #: 43.-1-3.9
  • Zoning Description: Residential 2 Unit
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 12654.0
  • Tax Lot: 503089

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2010
Sold by
Ithaca Estates Properties
Bought by
Red Oak Cayuga Properties
Current Estimated Value
$558,905

Purchase Details

Closed on
May 22, 1998
Sold by
Thomas Brenna J and Thomas Patricia M
Bought by
Schulz Ingo and Schulz Betty H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Deed $335,000 Kim Rothman
Deed $138,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2025 05/16/25 Sold $555,000 -4.1% $162 / Sq Ft
02/18/2025 02/18/25 For Sale $579,000 -- $169 / 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 $12,653 $495,000 $39,200 $455,800
2023 $11,538 $408,000 $39,200 $368,800
2022 $10,988 $371,000 $39,200 $331,800
2021 $10,466 $340,000 $39,200 $300,800
2020 $10,582 $340,000 $39,200 $300,800
2019 $4,942 $350,000 $39,200 $310,800
2018 $10,941 $350,000 $39,200 $310,800
2017 $11,146 $350,000 $25,900 $324,100
2016 $10,287 $320,000 $25,900 $294,100
2015 -- $320,000 $25,900 $294,100
2014 -- $320,000 $25,900 $294,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: R1588887

APN: 503089-043-000-0001-003-009-0000