NOT LISTED FOR SALE
13 Beds
4 Baths
4,391 Sq Ft
3,102 Sq Ft Lot

Sale Details

Date Sold: January 29, 2024

Last sale price $650,000 $148 Per Sq Ft

92 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Woodwork
  • Wood Flooring
  • Furnished
  • Baseboard Heating

About This Home

As of January 2024

Just reduced!! 13 br Collegetown 4 unit, with one apt on each of four levels. Located in the EH Historic District, which governs only the exterior of the building. Two 4 br apts, one 3br, and one 2br unit. 3 br and 2nd flr 4 br apts leased at $750 per br, furnished and including utils. Still signing leases for the 3rd flr 4-br unit, at the same rent and terms. The 2 br unit facing Seneca St. is leased unfurnished for 11 mos at $1245 per mo through 7.31.24. Off-street parking space leased for $80 per month for fall term. When fully leased, proj. rent for 23.24 is $96,995, includ. parking and on 10 month leases. New C of C in process. Deed, survey, current leases, expired C of C, railing height variance and encroachment agreement uploaded to docs. 10 year old tear off roof.

Last Agent to Sell the Property

Carol Bushberg

Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Email: carol@carolbushberg.com License #10301223410 Listed on: 09/28/2023

Last Buyer's Agent

Tam Marion Warren

Warren Real Estate of Ithaca Inc. License #10301210708

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,338

Year Built

  • Built in 1920

Lot Details

  • 3,102 Sq Ft Lot
  • Lot Dimensions are 47x66
  • Corner Lot
  • Rectangular Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 4,391 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Woodwork
  • Fire Escape

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 4 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Location

  • Property is near public transit

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • The owner pays for all utilities, water
  • Tax Lot 8
  • Assessor Parcel Number 500700-63.-11-8

Community Details

Overview

  • Association fees include all utilities, water
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • Gross Income $96,995
  • Net Operating Income $76,657

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,338

Year Built

Built in 1920

Lot Details

3,102 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.0712
  • Lot Size: 47X66
  • Road Frontage Type: City Street
  • Directions: At the northwest corner of Stewart Avenue and East Seneca Street.
  • Building Stories: 3
  • Year Built Details: Existing
  • Year Built: 1920
  • Attribution Contact: carol@carolbushberg.com
  • Special Features: VirtualTour
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Furnished: Furnished
  • Appliances: Gas Water Heater
  • Owner Pays: All Utilities, Water
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 13
  • Fireplace: No
  • Flooring: Hardwood, Varies, Vinyl
  • Interior Amenities: Natural Woodwork
  • Living Area: 4391.0
  • Stories: 3

Exterior Features

  • Lot Features: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
  • Waterfront: No
  • Construction Type: Frame
  • Foundation Details: Stone
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Parking Features: Other, See Remarks

Utilities

  • Laundry Features: Common Area
  • Security: Fire Escape
  • Heating: Gas, Baseboard, Hot Water
  • Heating Yn: Yes
  • 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: All Utilities, Water

Schools

  • Junior High Dist: Ithaca

Lot Info

  • Lot Size Sq Ft: 3102.0
  • Parcel #: 500700-63.-11-8

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 96995.0
  • Property Net Operating Income: 76657.0
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 20338.0
  • Tax Lot: 8

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2023
Closed on
Jan 29, 2024
Sold by
Bought by
Seller's Agent
Carol Bushberg
Warren Real Estate of Ithaca Inc. (Downtown)
Buyer's Agent
Tam Marion Warren
Warren Real Estate of Ithaca Inc.
List Price
$725,000
Sold Price
$650,000
Premium/Discount to List
-$75,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,624
Outstanding Balance
$512,987
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,000
Interest Rate
3.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 14, 2007
Sold by
Bought by

Purchase Details

Closed on
Aug 21, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,800
Interest Rate
6.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,800
Interest Rate
6.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$650,000 None Available
-- --
-- --
-- --
-- Jonathan O Albanese
$316,000 John Albanese
$175,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $527,624
Closed $10,278
Previous Owner $383,000
Previous Owner $273,457
Previous Owner $252,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/29/2024 01/29/24 Sold $650,000 -10.3% $148 / Sq Ft
12/30/2023 12/30/23 Pending -- -- --
09/28/2023 09/28/23 For Sale $725,000 -- $165 / Sq Ft
Source: Ithaca Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $19,656 $700,000 $55,000 $645,000
2024 $10,125 $500,000 $55,000 $445,000
2023 $13,028 $590,000 $55,000 $535,000
2022 $20,589 $590,000 $55,000 $535,000
2021 $20,084 $560,000 $55,000 $505,000
2020 $12,752 $560,000 $55,000 $505,000
2019 $14,513 $510,000 $55,000 $455,000
2018 $12,174 $510,000 $55,000 $455,000
2017 $11,415 $465,000 $50,000 $415,000
2016 $11,519 $465,000 $50,000 $415,000
2015 -- $440,000 $50,000 $390,000
2014 -- $440,000 $50,000 $390,000
Source: Public Records

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Map

Source: Ithaca Board of REALTORS®

MLS Number: R1501053

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