NOT LISTED FOR SALE

27 Cedar Ln Ithaca, NY 14850

Estimated Value: $717,815 - $822,000

4 Beds
2 Baths
2,609 Sq Ft
$293/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $665,000 $255 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,503/month

56 Days on Market

Highlights

  • Lake Front
  • Beach Access
  • Contemporary Architecture
  • Cayuga Heights Elementary School Rated A-
  • Deck
  • Partially Wooded Lot

About This Home

As of May 2022

Unique opportunity to own a spectacular mid-century modern deck house on a quiet, wooded lot with view overlooking a gorge with waterfalls and scenic Cayuga Lake. The property sits on 1.14 acres at the end of a cul-de-sac. The view, the abundant wildlife, and the changing light off Cayuga Lake never fail to entertain and delight one's senses. See it all from the large vaulted great room with oak hardwood floors anda cozy fireplace. Enjoy coffee in the solarium off the kitchen. Spend your summer evenings relaxing on the wrap around deck, which has complete privacy facing the gorge and lake view. Want a little whimsy? Turn on the lights underneath your very own disco floor in the lower level! Excellent bones waiting for a few cosmetic upgrades to fully bring this wonderful property to life. Cayuga Heights Elementary/Boynton Middle School. Call your agent today for a private showing!

Last Agent to Sell the Property

Bruce Stark

Bruce Stark Brokerage Email: bruce@brucestark.com License #35ST1050127 Listed on: 03/02/2022

Last Buyer's Agent

Jill Burlington

Warren Real Estate of Ithaca Inc. License #30BU0950986

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,177

Year Built

  • Built in 1971

Lot Details

  • Lake Front
  • Partially Fenced Property
  • Partially Wooded Lot

Parking

  • No Garage

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,609 Sq Ft Home
  • Cathedral Ceiling
  • 2 Fireplaces
  • Home Office
  • Workshop
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Double Oven
  • Built-In Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Beach Access
  • Deck
  • Patio
  • Shed

Schools

  • Cayuga Heights Elementary School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 48.1-2-49

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,177

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Directions: Cayuga Heights Rd to Cedar Ln follow to dead end.
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Efficiency: Windows
  • Year Built: 1971
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: bruce@brucestark.com
  • Special Features: VirtualTour

Interior Features

  • Appliances: Built-In Range, Built-In Oven, Double Oven, Dryer, Dishwasher, Freezer, Disposal, Refrigerator, Washer
  • Has Basement: Full, Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood, Varies, Vinyl
  • Interior Amenities: Cathedral Ceiling(s), Home Office, Workshop
  • Living Area: 2609.0
  • Dining Room Type: Office, Workshop

Exterior Features

  • Fencing: Partial
  • Lot Features: Wooded, Lake Front
  • Waterfront Features: Beach Access, Lake Front
  • Waterfront: Yes
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Deck, Fence, Patio
  • Foundation Details: Block
  • Other Structures: Shed(s), Storage
  • Patio And Porch Features: Deck, Patio
  • Roof: Asphalt

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Baseboard
  • 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 #: 48.1-2-49
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
May 26, 2022
Sold by
Hunter Development Inc
Bought by
Leon Rachel and Bauder David P
Seller's Agent
Bruce Stark
Bruce Stark
Buyer's Agent
Jill Burlington
Warren Real Estate of Ithaca Inc.
List Price
$745,000
Sold Price
$665,000
Premium/Discount to List
-$80,000
-10.74%
Current Estimated Value
$764,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,954
Avg. Annual Appreciation
4.24%
Original Mortgage
$496,000
Outstanding Balance
$471,241
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$293,713

Purchase Details

Closed on
May 31, 2002
Sold by
Faigin Stanley
Bought by
Hunter Development Inc
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
Leon Rachel $665,000 None Available
Hunter Development Inc $280,000 Randall Marcus
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leon Rachel $496,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2022 05/27/22 Sold $665,000 -10.7% $255 / Sq Ft
04/27/2022 04/27/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $745,000 -- $286 / 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 $17,177 $680,000 $128,500 $551,500
2023 $17,177 $665,000 $128,500 $536,500
2022 $10,390 $390,000 $128,500 $261,500
2021 $10,138 $375,000 $128,500 $246,500
2020 $10,135 $375,000 $128,500 $246,500
2019 $3,352 $375,000 $128,500 $246,500
2018 $10,310 $375,000 $128,500 $246,500
2017 $10,490 $375,000 $128,500 $246,500
2016 $10,503 $375,000 $128,500 $246,500
2015 -- $375,000 $128,500 $246,500
2014 -- $375,000 $128,500 $246,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Bruce Stark

    Bruce Stark

    (607) 279-1874

    2 in this area

    10 Total Sales

    Bruce Stark
    Section Image
  • Jill Burlington

    Buyer's Agent in 2022

    Jill Burlington

    Warren Real Estate of Ithaca Inc.

    (607) 592-0474

    52 in this area

    299 Total Sales

    Jill Burlington
    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB406112

APN: 503201-048-001-0002-049-000-0000

New York Tompkins County Ithaca 14850

27 Cedar Ln, Ithaca, NY

This home is located at 27 Cedar Ln, Ithaca, NY 14850 since 02 March 2022 and is currently estimated at $764,954, approximately $293 per square foot. This property was built in 1971. 27 Cedar Ln is a home located in Tompkins County with nearby schools including Cayuga Heights Elementary School, Boynton Middle School, and Ithaca Senior High School.

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