NOT LISTED FOR SALE

202 Lake St Ithaca, NY 14850

3 Beds
3 Baths
1,704 Sq Ft
1870 Built

Sale Details

Date Sold: April 29, 2022

Last sale price $415,000 $244 Per Sq Ft

86 Days on Market

Highlights

  • Lake Front
  • Forced Air Heating System
  • 4-minute walk to Ithaca Falls Natural Area
  • Boynton Middle School Rated A-

About This Home

As of April 2022

Whether you are looking for an investment property or a sweet place to live and make passive income, you will be impressed with this beautifully maintained three unit investment property. Enjoy lake views and a convenient location close to Ithaca Falls, Fall Creek, Ithaca High School and Cornell campus. This home offers 3 spacious units, has been updated from top to bottom, and is completely turn key. Great rental history, plenty of parking, and storage as well. Apartment 1 is 2 bedroom, 1 bath; Apt 2 is studio with 1 full bath; Apt 3 is 1 bedroom, 1 bath.

Last Agent to Sell the Property

Jill Rosentel

Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Email: Jill@CarolBushberg.com License #10301201202 Listed on: 01/03/2022

Last Buyer's Agent

Jill Rosentel

Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Email: Jill@CarolBushberg.com License #10301201202 Listed on: 01/03/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1870

Lot Details

  • Lake Front

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 1,704 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Fall Creek Elementary School
  • Boynton Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 500700 28.-4-7

Property Details

Home Type

Multi-Family

Year Built

Built in 1870

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Directions: Take University Ave and stay left on lake street. House is on the left. Or from Ithaca Falls, go up Lake St and house is on the right. Parking at the rear.
  • Year Built: 1870
  • Attribution Contact: Jill@CarolBushberg.com
  • Special Features: VirtualTour

Interior Features

  • Appliances: See Remarks
  • Has Basement: Full
  • Basement YN: Yes
  • Living Area: 1704.0

Exterior Features

  • Lot Features: Lake Front
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Frame
  • Foundation Details: Stone
  • Roof: Asphalt

Utilities

  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Utilities: Sewer Available, Water Connected
  • Water Source: Connected, Public

Schools

  • Elementary School: Fall Creek Elementary
  • Junior High Dist: Ithaca
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Parcel #: 500700 28.-4-7

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 3
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/29/2022 04/29/22 Sold $415,000 -2.4% $244 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
01/03/2022 01/03/22 For Sale $425,000 +28.8% $249 / Sq Ft
09/11/2014 09/11/14 Sold $330,000 +6.5% $194 / Sq Ft View Prior Sale
08/12/2014 08/12/14 Pending -- -- --
01/01/1800 01/01/00 For Sale $310,000 -- $182 / Sq Ft
Source: Ithaca Board of REALTORS®

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
2025 $12,156 $360,000 $51,000 $309,000
2024 $7,299 $360,000 $51,000 $309,000
2023 $7,994 $360,000 $51,000 $309,000
2022 $12,720 $360,000 $51,000 $309,000
2021 $12,384 $340,000 $51,000 $289,000
2020 $7,905 $340,000 $51,000 $289,000
2019 $9,735 $330,000 $51,000 $279,000
2018 $7,901 $330,000 $51,000 $279,000
2017 $7,387 $300,000 $51,000 $249,000
2016 $7,455 $300,000 $51,000 $249,000
2015 -- $300,000 $51,000 $249,000
2014 -- $225,000 $51,000 $174,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB405813

APN: 500700 28.-4-7

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