NOT LISTED FOR SALE

230 Pleasant St Ithaca, NY 14850

South Hill Neighborhood

Estimated Value: $407,000

7 Beds
2 Baths
4,500 Sq Ft
$90/Sq Ft Est. Value

Last Sold September 01, 2023

Last sale price $805,000 $179 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $2,784/month

195 Days on Market

Highlights

  • Furnished
  • Hot Water Heating System
  • Coin Laundry
  • South Hill School Rated A-
  • Garage

About This Home

As of September 2023

Fully rented, 4-unit property on South Hill with off-street parking and consists of two tax parcels with a total of 14 bedrooms. One 3-bedroom and one 4-bedroom on each side. Under 8x gross and room to grow. Near the commons and on-site coin-operated laundry available. If you're new to the rental business, or looking to solidify your presence in Ithaca, look no further because this is in the heart of downtown, the most sought after location for students and young professionals. Both properties represent an attrective investment opportunity, and have demonstrated tremendous historical growth in a vibrant rental market. As the new owner, you'll thrive for many years to come.

Last Agent to Sell the Property

Brian DeYoung

Berkshire Hathaway HomeServices Heritage Realty License #30DE1022539 Listed on: 01/19/2023

Berkshire Hathaway HomeServices Heritage Realty

Last Buyer's Agent

Melissa Shames

Howard Hanna S Tier Inc License #10401258536

Howard Hanna S Tier Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,427

Year Built

  • Built in 1920

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 58x80

Parking

  • Garage

Home Design

  • Block Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 4,500 Sq Ft Home
  • Furnished
  • Finished Basement

Kitchen

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

Laundry

  • Dryer
  • Washer

Schools

  • South Hill Elementary School
  • Boynton Middle School

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • Separate Meters

Community Details

  • 4 Units
  • Coin Laundry

Listing and Financial Details

  • Assessor Parcel Number 81.-8-12

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,427

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.05
  • Lot Size: 58X80
  • Directions: Located South of The Commons at corner of Pleasant St and South Aurora. Parking on Pleasant on Pleasant St.
  • Garage Yn: Yes
  • Year Built: 1920
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Washer
  • Has Basement: Finished
  • Basement YN: Yes
  • Living Area: 4500.0

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Block, Stone
  • Roof: Asphalt

Garage/Parking

  • Parking Features: Garage

Utilities

  • Laundry Features: Common Area, Coin-operated
  • Cooling: Separate Meters
  • Heating: Gas, Separate Meters, Hot Water
  • Heating Yn: Yes
  • Utilities: Sewer Available, Water Connected
  • Water Source: Connected, Public

Schools

  • Elementary School: South Hill
  • Junior High Dist: Ithaca
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Lot Size Sq Ft: 2178.0
  • Parcel #: 81.-8-12
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 22427.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2023
Closed on
Aug 31, 2023
Sold by
Lu Hungcheng and Kan Shu L
Bought by
Choi Jae Y
Seller's Agent
Brian DeYoung
Berkshire Hathaway HomeServices Heritage Realty
Buyer's Agent
Melissa Shames
Howard Hanna S Tier Inc
List Price
$845,000
Sold Price
$805,000
Premium/Discount to List
-$40,000
-4.73%
Views
31
Current Estimated Value
$407,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$398,000
Original Mortgage
$618,750
Outstanding Balance
$605,178
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
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
Choi Jae Y $825,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choi Jae Y $618,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2023 09/01/23 Sold $805,000 -4.7% $179 / Sq Ft
08/02/2023 08/02/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $845,000 -- $188 / 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
2023 $7,828 $356,000 $30,000 $326,000
2022 $11,594 $330,000 $30,000 $300,000
2021 $11,257 $310,000 $30,000 $280,000
2020 $7,091 $310,000 $30,000 $280,000
2019 $7,716 $280,000 $30,000 $250,000
2018 $6,730 $280,000 $30,000 $250,000
2017 $6,006 $250,000 $20,000 $230,000
2016 $6,240 $250,000 $20,000 $230,000
2015 -- $220,000 $20,000 $200,000
2014 -- $220,000 $20,000 $200,000
Source: Public Records

Agents Affiliated with this Home

  • Brian DeYoung

    Seller's Agent in 2023

    Brian DeYoung

    Berkshire Hathaway HomeServices Heritage Realty

    (607) 275-1234

    3 in this area

    78 Total Sales

    Brian DeYoung
    Section Image
  • Melissa Shames

    Buyer's Agent in 2023

    Melissa Shames

    Howard Hanna S Tier Inc

    (607) 257-0800

    13 in this area

    129 Total Sales

    Melissa Shames
    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB407982

APN: 500700-081-000-0008-012-000-0000

New York Tompkins County Ithaca 14850 South Hill

230 Pleasant St, Ithaca, NY

Not Listed for Sale

MultiFamily

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