NOT LISTED FOR SALE

218 Fall Creek Dr Ithaca, NY 14850

Cornell Heights Neighborhood

Estimated Value: $515,000 - $779,893

5 Beds
3.5 Baths
2,504 Sq Ft
$280/Sq Ft Est. Value

Last Sold August 06, 2021

Last sale price $519,000 $207 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,758/month

62 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • 1 Fireplace
  • Cayuga Heights Elementary School Rated A-
  • Wood Flooring
  • Workshop

About This Home

As of August 2021

Fantastic location, Fantastic opportunity. This Historic 2-family Colonial home in the heart of Cornell Heights can be used as a single family property or a duplex. Modern conveniences with classic charm including an updated Custom Cherry Kitchen with leathered Brazilian Granite countertops, hardwood floors and immaculate wood trim throughout the house. Located only 100 yards from the suspension bridge your walk to campus has never been easier. The inviting main floor plan has great flow and is perfect for entertaining. Off street parking for up to 6 cars, including 4 driveway spaces and a detached 2 car garage makes hosting a breeze. Garage includes a 2nd story lofted storage area. 3 beds and 2.5 baths in the main house, and 2 beds and 1 bath in the apartment. Make this home yours today.

Last Agent to Sell the Property

Kyle Gebhart

Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Email: kylewarrenhomes@gmail.com License #10401269082 Listed on: 05/05/2021

Last Buyer's Agent

Heather Gowe/Reciprocal

Keller Williams Realty License #10401319453

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 81x165
  • Partially Fenced Property

Parking

  • 2 Car Garage
  • Common or Shared Parking

Home Design

  • Colonial Architecture
  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Pre-Cast Concrete Construction

Interior Spaces

  • 2,504 Sq Ft Home
  • Skylights
  • 1 Fireplace
  • Entrance Foyer
  • Workshop

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Walk-Up Access
  • Exterior Basement Entry

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Balcony
  • Deck

Schools

  • Cayuga Heights Elementary School
  • Boynton Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Cornell Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 500700 10.-1-8

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.31
  • Lot Size: 81X165
  • Subdivision Name: CORNELL HEIGHTS
  • Directions: From Stewart Ave. Travel East on Thurston Ave, and then make a right onto Fall Creek Drive. Turn right into the shared driveway and park in the rear parking lot.
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Efficiency: Windows
  • Year Built: 1925
  • ResoBuildingAreaSource: PublicRecords
  • Attribution Contact: kylewarrenhomes@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Full, Partial, Walk-Up Access, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood, Varies
  • Interior Amenities: Entrance Foyer, Eat-in Kitchen, Skylights, Workshop
  • Living Area: 2504.0
  • Dining Room Type: Workshop, Entry/Foyer
  • Window Features: Skylight(s)

Exterior Features

  • Fencing: Partial
  • Construction Type: Frame, Wood Siding, Pre-Cast Concrete
  • Exterior Features: Balcony, Deck, Fence
  • Patio And Porch Features: Balcony, Deck
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Common, Garage

Utilities

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

Schools

  • Elementary School: Cayuga Heights Elementary
  • Junior High Dist: Ithaca
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Lot Size Sq Ft: 13504.0
  • Parcel #: 500700 10.-1-8
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2021
Closed on
Aug 6, 2021
Sold by
Swensen Charles C and Barbey Alix V
Bought by
Ting Ft
Seller's Agent
Kyle Gebhart
Warren Real Estate of Ithaca Inc. (Downtown)
Buyer's Agent
Heather Gowe/Reciprocal
Keller Williams Realty
List Price
$519,000
Sold Price
$519,000
Current Estimated Value
$699,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,973
Avg. Annual Appreciation
7.07%
Original Mortgage
$389,250
Outstanding Balance
$353,949
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$346,024

Purchase Details

Listed on
Jan 30, 2017
Closed on
May 9, 2017
Sold by
Camp Robert C
Bought by
Swensen Philip M
Seller's Agent
Christine DelVecchio
Warren Real Estate of Ithaca Inc.
Buyer's Agent
Kyle Gebhart
Warren Real Estate of Ithaca Inc. (Downtown)
List Price
$459,900
Sold Price
$440,000
Premium/Discount to List
-$19,900
-4.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.96%
Original Mortgage
$352,000
Interest Rate
4.1%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 25, 1997
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ting Ft $519,000 None Available
Swensen Philip M $440,000 Crittenden Don
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ting Ft $389,250
Previous Owner Swensen Philip M $352,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/06/2021 08/06/21 Sold $519,000 0.0% $207 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $519,000 +18.0% $207 / Sq Ft
05/08/2017 05/08/17 Sold $440,000 -4.3% $168 / Sq Ft View Prior Sale
04/08/2017 04/08/17 Pending -- -- --
01/30/2017 01/30/17 For Sale $459,900 -- $176 / 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 $13,095 $660,000 $113,300 $546,700
2023 $14,117 $648,000 $113,300 $534,700
2022 $19,770 $600,000 $113,300 $486,700
2021 $18,507 $525,000 $113,300 $411,700
2020 $11,988 $525,000 $113,300 $411,700
2019 $2,795 $500,000 $113,300 $386,700
2018 $11,824 $500,000 $113,300 $386,700
2017 $9,198 $425,000 $63,200 $361,800
2016 $7,371 $345,000 $63,200 $281,800
2015 -- $315,000 $63,200 $251,800
2014 -- $315,000 $63,200 $251,800
Source: Public Records

Agents Affiliated with this Home

  • Kyle Gebhart

    Seller's Agent in 2021

    Kyle Gebhart

    Warren Real Estate of Ithaca Inc. (Downtown)

    (607) 277-2660

    1 in this area

    121 Total Sales

    Kyle Gebhart
    Section Image

  • H

    Buyer's Agent in 2021

    Heather Gowe/Reciprocal

    Keller Williams Realty

    (607) 280-9069

    1 in this area

    101 Total Sales

    Heather Gowe/Reciprocal
    Section Image

  • C

    Seller's Agent in 2017

    Christine DelVecchio

    Warren Real Estate of Ithaca Inc.

    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB404343

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

New York Tompkins County Ithaca 14850 Cornell Heights

218 Fall Creek Dr, Ithaca, NY

Not Listed for Sale

MultiFamily

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