NOT LISTED FOR SALE

Estimated Value: $4,492,318

-- Bed
-- Bath
-- Sq Ft
0.38 Acres

Last Sold April 11, 2016

Last sale price $2,500,000

Est. 80% increase in value since last sale

Current estimated payment $31,174/month

129 Days on Market

Highlights

  • Furnished
  • Storage
  • Laundry Facilities
  • Cayuga Heights Elementary School Rated A-
  • Baseboard Heating

About This Home

As of April 2016

On the edge of Cornell University's campus sits a stately 29 bedroom, 10 bathroom home. Legal for 40 tenants, this Ivy League classic was rebuilt from the basement to the attic with quality finishes in 2012. It boasts a high end commercial kitchen, 4 full stories of living area, generous common rooms, and 15 private parking spots. Only a minute's walk to campus.

Last Agent to Sell the Property

Bryan Warren

Warren Real Estate of Ithaca Inc. Brokerage Email: bhwarren@warrenhomes.com License #31WA1115996 Listed on: 11/03/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,000

Year Built

  • Built in 1975

Lot Details

  • 0.38

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • Furnished
  • Storage
  • Finished Basement

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher

Laundry

  • Dryer
  • Washer

Schools

  • Cayuga Heights Elementary School

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 503400 8.-1-10

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,000

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Prop. Type: Multi Family
  • Lot Size: X178
  • Water Body Name: None
  • Directions: If you are driving West on Thurston Avenue (from Cornell Campus toward Stewart Ave.) the property is on the right hand side shortly after Highland Ave. joins Thurston Ave. from the North.
  • Year Built: 1975
  • Attribution Contact: bhwarren@warrenhomes.com
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Washer
  • Has Basement: Finished
  • Basement YN: Yes
  • Interior Amenities: Storage

Exterior Features

  • Foundation Details: Block
  • Roof: Asphalt

Utilities

  • Laundry Features: Common Area
  • Heating: Gas, Baseboard, Hot Water
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Elementary School: Cayuga Heights Elementary
  • Junior High Dist: Ithaca

Lot Info

  • Parcel #: 503400 8.-1-10
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 29

Tax Info

  • Tax Annual Amount: 21000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2015
Closed on
Apr 8, 2016
Sold by
210 Thurston Realty Llc
Bought by
Alpha Chi Omega National
Seller's Agent
Bryan Warren
Warren Real Estate of Ithaca Inc.
List Price
$2,750,000
Sold Price
$2,500,000
Premium/Discount to List
-$250,000
-9.09%
Current Estimated Value
$4,492,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,992,318
Avg. Annual Appreciation
6.22%

Purchase Details

Closed on
Dec 14, 2011
Sold by
Stavropoulos Stavros
Bought by
210 Thurston Realty Llc

Purchase Details

Closed on
Aug 30, 2007
Sold by
White Philip M
Bought by
Stavropoulos Bia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.71%
Mortgage Type
Commercial
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
Alpha Chi Omega National $2,500,000 Sausser Mark
210 Thurston Realty Llc $677,500 Ralph Nash
Stavropoulos Bia $575,000 Mariette Geldenhuys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stavropoulos Bia $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2016 04/11/16 Sold $2,500,000 -9.1% --
03/12/2016 03/12/16 Pending -- -- --
11/03/2015 11/03/15 For Sale $2,750,000 -- --
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 $80,362 $1,800,000 $115,000 $1,685,000
2023 $66,190 $3,030,000 $115,000 $2,915,000
2022 $106,753 $3,030,000 $115,000 $2,915,000
2021 $106,718 $3,030,000 $115,000 $2,915,000
2020 $68,334 $3,030,000 $115,000 $2,915,000
2019 $47,246 $2,750,000 $115,000 $2,635,000
2018 $65,066 $2,750,000 $115,000 $2,635,000
2017 $60,824 $2,500,000 $90,000 $2,410,000
2016 $49,843 $2,025,000 $90,000 $1,935,000
2015 -- $800,000 $90,000 $710,000
2014 -- $800,000 $90,000 $710,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB304074

APN: 500700-008-000-0001-010-000-0000