R
Seller's Agent in 2024
Rick Glabach
Warren Real Estate of Ithaca Inc. (Downtown)
192-198 Pinckney Rd Ithaca, NY 14850
8
Beds
2
Baths
7,200
Sq Ft
1980
Built
Highlights
- Barn
- Private Yard
- Coin Laundry
- Wood Flooring
- Baseboard Heating
About This Home
As of December 2024Excellent investment opportunity within minutes of the Ithaca Commons. 8 unit apartment complex on over 2 acres of park-like surroundings. Each apartment has 2 bedrooms with a full and a half bathroom. Ten minutes to Cornell University. This investment property generates approximately $100,000 /year in rent. Coin-op laundry conveys with sale and provides additional income. These apartments are housed in two two-story buildings and offer 7200 total square feet of rentable space. Coin-op laundry on the first floor of one of the two buildings.
Last Agent to Sell the Property
Rick Glabach
Warren Real Estate of Ithaca Inc. (Downtown) License #10401350105 Listed on: 04/22/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,354
Year Built
- Built in 1980
Lot Details
- Lot Dimensions are 340x275
- Private Yard
Home Design
- Slab Foundation
- Frame Construction
- Asphalt Roof
- Aluminum Siding
- Concrete Block And Stucco Construction
Interior Spaces
- 8 Bedrooms
- 7,200 Sq Ft Home
- 2-Story Property
Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
Flooring
- Wood
- Vinyl
Parking
- 1.5 Car Garage
- Driveway
Schools
- Freeville Elementary School
Utilities
- Heating System Uses Gas
- Baseboard Heating
- Well
- Gas Water Heater
- Septic Tank
Additional Features
- Outbuilding
- Barn
Listing and Financial Details
- The owner pays for grounds care, trash collection, water
- Assessor Parcel Number 42.-1-40.112
Community Details
Overview
- Association fees include common area maintenance, trash collection, water
- 8 Units
Amenities
- Coin Laundry
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/21/2024 12/21/24 | Sold | $775,200 | -2.5% | $108 / Sq Ft |
| 10/27/2024 10/27/24 | Off Market | $795,000 | -- | -- |
| 08/16/2024 08/16/24 | Price Changed | $795,000 | -9.1% | $110 / Sq Ft |
| 08/05/2024 08/05/24 | Price Changed | $875,000 | -10.3% | $122 / Sq Ft |
| 04/22/2024 04/22/24 | For Sale | $975,000 | -- | $135 / 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 | $16,976 | $600,000 | $40,000 | $560,000 |
| 2023 | $15,353 | $480,000 | $40,000 | $440,000 |
| 2022 | $15,696 | $480,000 | $40,000 | $440,000 |
| 2021 | $15,715 | $470,000 | $40,000 | $430,000 |
| 2020 | $15,632 | $470,000 | $40,000 | $430,000 |
| 2019 | $5,518 | $470,000 | $40,000 | $430,000 |
| 2018 | $15,966 | $470,000 | $40,000 | $430,000 |
| 2017 | $15,122 | $450,000 | $40,000 | $410,000 |
| 2016 | $15,136 | $450,000 | $40,000 | $410,000 |
| 2015 | -- | $400,000 | $40,000 | $360,000 |
| 2014 | -- | $400,000 | $40,000 | $360,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Andrew Schreck
A
Buyer's Agent in 2024
Andrew Schreck
Warren Real Estate of Ithaca Inc. (Downtown)
(585) 802-7827
7 in this area
37 Total Sales
Map
Source: Ithaca Board of REALTORS®
MLS Number: R1528678
APN: 502489-042-000-0001-040-112-0000
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