NOT LISTED FOR SALE

129 Elmira Rd Ithaca, NY 14850

Spencer Road Neighborhood

Estimated Value: $450,000 - $595,000

6 Beds
4 Baths
2,304 Sq Ft
$231/Sq Ft Est. Value

Last Sold November 09, 2022

Last sale price $467,500 $203 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,030/month

182 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Baseboard Heating
  • 4-minute walk to Titus Triangle
  • Boynton Middle School Rated A-
  • High Speed Internet

About This Home

As of November 2022

Solid downtown rental investment! Now is your opportunity to own maintenance-free with a newer construction duplex built in 2017. Walk to all your favorite amenities - even a restaurant next door! Thoughtful floor plan with tasteful finishes, this property is truly turn-key with an excellent rental history. Up/down duplex features 3 bedrooms and 2 full baths in EACH unit. Bright, spacious kitchen has contemporary style cabinets, range, dishwasher, French door refrigerator, and granite countertops. Breakfast bar features seating that opens to a spacious living room area. Large windows allow plenty of natural light to shine through. Property features plenty of parking, municipal services, and energy-efficient mini-splits for heat and A/C. Stellar location with GREAT rental income - tenants pay utilities. Leased through 2023 with owner-occupancy option available. Great investment in one of the strongest markets in the area! 125 Elmira Rd. also for sale (MLS 406378).

Last Agent to Sell the Property

Ryan Mitchell

Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Email: ryan@warrenhomes.com License #10401263065 Listed on: 04/11/2022

Last Buyer's Agent

Jenny Chai

Ithaca Real Estate, Inc. License #10311200553

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,015

Year Built

  • Built in 2017

Lot Details

  • 5,663 Sq Ft Lot

Home Design

  • Insulated Concrete Forms
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,304 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Fall Creek Elementary School

Utilities

  • Baseboard Heating
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 116.1-3.1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,015

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Directions: 129 Elmira Road, next to Mix Restaurant.
  • Architectural Style: Two Story
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2017
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: ryan@warrenhomes.com
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Other, See Remarks
  • Interior Amenities: Main Level Primary
  • Living Area: 2304.0
  • Stories: 2

Exterior Features

  • Lot Features: Other, See Remarks
  • Construction Type: Vinyl Siding, ICFs (Insulated Concrete Forms)
  • Roof: Asphalt

Utilities

  • Heating: Electric, Baseboard
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Elementary School: Fall Creek Elementary
  • Junior High Dist: Ithaca

Lot Info

  • Lot Size Sq Ft: 5663.0
  • Parcel #: 116.1-3.1
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2022
Closed on
Nov 9, 2022
Sold by
312-14 Spencer Rd Llc
Bought by
Dong Sun B
Seller's Agent
Ryan Mitchell
Warren Real Estate of Ithaca Inc. (Downtown)
Buyer's Agent
Jenny Chai
Ithaca Real Estate, Inc.
List Price
$489,000
Sold Price
$467,500
Premium/Discount to List
-$21,500
-4.4%
Current Estimated Value
$523,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,229
Avg. Annual Appreciation
3.57%
Original Mortgage
$357,638
Outstanding Balance
$348,964
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$166,284

Purchase Details

Closed on
Mar 2, 2017
Sold by
1015 Dryden Rd Llc
Bought by
312 & 14 Spencer Rd Llc

Purchase Details

Closed on
Sep 30, 2016
Sold by
312 & 14 Spencer Rd Llc
Bought by
1015 Dryden Rd Llc
Source: Public Records

Range of Values:

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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
Dong Sun B $476,850 None Available
312 & 14 Spencer Rd Llc -- Hiland Seth
312-14 Spencer Rd Llc -- Hiland Seth
1015 Dryden Rd Llc -- Hiland Seth
1015 Dryden Rd Llc -- Hiland Seth
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dong Sun B $357,638
Previous Owner 312 & 14 Spencer Rd Llc $334,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2022 11/09/22 Sold $467,500 -4.4% $203 / Sq Ft
10/10/2022 10/10/22 Pending -- -- --
04/11/2022 04/11/22 For Sale $489,000 -- $212 / 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 $15,015 $495,000 $85,600 $409,400
2023 $9,055 $413,000 $85,600 $327,400
2022 $12,472 $375,000 $85,600 $289,400
2021 $11,715 $330,000 $85,600 $244,400
2020 $7,490 $330,000 $85,600 $244,400
2019 $0 $300,000 $85,600 $214,400
2018 $7,141 $300,000 $85,600 $214,400
2017 $6,129 $250,000 $65,000 $185,000
Source: Public Records

Agents Affiliated with this Home

  • Ryan Mitchell

    Seller's Agent in 2022

    Ryan Mitchell

    Warren Real Estate of Ithaca Inc. (Downtown)

    (607) 591-0507

    4 in this area

    54 Total Sales

    Section Image
  • Jenny Chai

    Buyer's Agent in 2022

    Jenny Chai

    Ithaca Real Estate, Inc.

    (607) 379-9168

    2 in this area

    78 Total Sales

    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB406391

APN: 500700 116.-1-3.1

New York Tompkins County Ithaca 14850 Spencer Road

129 Elmira Rd, Ithaca, NY

This home is located at 129 Elmira Rd, Ithaca, NY 14850 since 11 April 2022 and is currently estimated at $531,615, approximately $230 per square foot. This property was built in 2017. 129 Elmira Rd is a home located in Tompkins County with nearby schools including Fall Creek Elementary School, Boynton Middle School, and Ithaca Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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