$465,000
SOLD MAR 18, 2025

215 Prospect St Unit 17 Ithaca, NY 14850

South Hill Neighborhood
6 Beds
4 Baths
1,864 Sq Ft
7,728 Sq Ft Lot

Recently Sold

$249 Per Sq Ft

5% Below List Price

248 Days on Market

Highlights

  • Wood Flooring
  • South Hill School Rated A-
  • Forced Air Heating System

About This Home

As of March 2025

If you're looking for an easy-to-rent investment property, near Ithaca College and Cornell University, this is the place for you! Already fully rented - the interior has been completely renovated in 2019. There are three bedrooms per unit and 1.5 bathrooms, so each apartment can accommodate up to 3 people comfortably. Owner is a licensed real estate agent.

Last Agent to Sell the Property

Andrew Schreck

Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Phone: 585-802-7827 License #10401361299 Listed on: 07/11/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,167

Year Built

  • Built in 1864

Lot Details

  • 7,728 Sq Ft Lot
  • Lot Dimensions are 46x168

Home Design

  • Duplex
  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,864 Sq Ft Home
  • 2-Story Property
  • Walk-Out Basement

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • Common or Shared Parking
  • Paved Parking

Schools

  • South Hill Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 82.-2-4

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,167

Year Built

Built in 1864

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.177
  • Lot Size: 46X168
  • Road Frontage Type: City Street
  • Directions: From S Meadow, take a left onto W Clinton St, Continue ont0 Prospect St.
  • Architectural Style: Duplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Existing
  • Year Built: 1864
  • ResoBuildingAreaSource: PublicRecords
  • Attribution Contact: 585-802-7827
  • Special Features: None
  • Stories: 2
  • Year Built: 1864

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Walk-Out Access
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Hardwood, Varies, Vinyl
  • Living Area: 1864.0
  • Stories: 2

Exterior Features

  • Lot Features: Residential Lot
  • Waterfront: No
  • Construction Type: Frame
  • Foundation Details: Block
  • Property Condition: Resale
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Common, Gravel

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: South Hill
  • Junior High Dist: Ithaca

Lot Info

  • Lot Size Sq Ft: 7728.0
  • Parcel #: 82.-2-4
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 13167.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2018
Sold by
Malison Peter J
Bought by
Schreck Properties Llc
Current Estimated Value
$478,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Outstanding Balance
$149,767
Interest Rate
4.7%
Mortgage Type
Unknown
Estimated Equity
$328,767

Purchase Details

Closed on
Apr 5, 1999
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $300,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $170,000 Unknown
Closed $170,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2025 03/18/25 Sold $465,000 -5.1% $249 / Sq Ft
01/20/2025 01/20/25 Off Market $489,900 -- --
01/02/2025 01/02/25 For Sale $489,900 0.0% $263 / Sq Ft
12/16/2024 12/16/24 Off Market $489,900 -- --
11/06/2024 11/06/24 Price Changed $489,900 +0.2% $263 / Sq Ft
07/12/2024 07/12/24 For Sale $489,000 -- $262 / 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 $13,904 $450,000 $52,500 $397,500
2023 $8,883 $405,000 $52,500 $352,500
2022 $12,652 $375,000 $52,500 $322,500
2021 $12,063 $340,000 $52,500 $287,500
2020 $7,908 $340,000 $52,500 $287,500
2019 $7,410 $340,000 $52,500 $287,500
2018 $8,077 $340,000 $52,500 $287,500
2017 $6,160 $260,000 $32,800 $227,200
2016 $6,428 $260,000 $32,800 $227,200
2015 -- $200,000 $32,800 $167,200
2014 -- $200,000 $32,800 $167,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: R1549745

APN: 500700-082-000-0002-004-000-0000