$485,000
SOLD FEB 4, 2025

27 Gilbert Rd Ithaca, NY 14850

2 Beds
1.5 Baths
1,234 Sq Ft
131.7 Acres

Recently Sold

$393 Per Sq Ft

19% Below List Price

106 Days on Market

Highlights

  • Home fronts a pond
  • The property is located in a historic district
  • Deck
  • South Hill School Rated A-
  • 131.7 Acre Lot
  • Secluded Lot

About This Home

As of February 2025

Escape to your private retreat on 130+ acres with a serene pond just steps away! This charming 2-bedroom home offers a peaceful getaway, featuring a spacious deck perfect for enjoying sunsets over the water. The cozy interior boasts a welcoming atmosphere, ideal for year-round living or a vacation escape. Plus, a bonus bunkhouse provides extra space for guests or a studio. Whether you're an outdoor enthusiast or simply seeking tranquility, this property is a nature lover's dream, with ample room for hiking, fishing, or just soaking in the beauty of your surroundings. Don't miss this rare opportunity to own your own slice of paradise!

Last Agent to Sell the Property

Kristopher Buchan

Listing by Tompkins Cortland Real Estate Brokerage Phone: 607.898.3456 License #10371200368 Listed on: 08/18/2024

Last Buyer's Agent

Jill Rosentel

Listing by Warren Real Estate of Ithaca Inc. (Downtown) License #10301201202

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,218

Year Built

  • Built in 1900

Lot Details

  • 131.7 Acre Lot
  • Lot Dimensions are 212x2112
  • Home fronts a pond
  • Secluded Lot
  • Irregular Lot
  • Private Yard

Home Design

  • Stone Foundation
  • Wood Siding

Interior Spaces

  • 1,234 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Wood Flooring
  • Partial Basement

Kitchen

  • Country Kitchen
  • Gas Oven
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Primary Bedroom on Main

Laundry

  • Laundry Room
  • Laundry on upper level

Parking

  • No Garage
  • Gravel Driveway

Outdoor Features

  • Deck
  • Open Patio
  • Porch

Location

  • The property is located in a historic district

Schools

  • Caroline Elementary School
  • Boynton Middle School
  • Ithaca Senior High School

Utilities

  • Heating System Uses Propane
  • Baseboard Heating
  • Heating System Uses Steam
  • Well
  • Propane Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 502200-012-000-0001-007-002-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,218

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1900
  • Attribution Contact: 607.898.3456
  • ResoLaundryFeatures: Upper Level
  • Lot Features: Historic District, Irregular Lot, Secluded
  • Water Body Name: Other
  • Directions: Coddington Road to East Miller. Left on Gilbert. Property at the end of Gilbert, #27. GPS does work accurately.
  • Architectural Style: Cabin, Two Story
  • Flooring: Hardwood, Varies
  • Garage Yn: No
  • Interior Features: Country Kitchen, Main Level Primary
  • Year Built Details: Existing
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Gas Oven, Gas Range, Propane Water Heater, Refrigerator
  • Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Total Bedrooms: 7
  • Stories: 1

Exterior Features

  • Acres: 131.7
  • Waterfront Features: Pond
  • Waterfront: Yes
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Deck, Gravel Driveway, Private Yard, See Remarks
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Open, Porch

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Heating: Propane, Baseboard, Steam
  • HeatingYN: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Ithaca
  • Ninth Grade High School: Ithaca Senior High
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Parcel Number: 502200-012-000-0001-007-002-0000
  • Lot Dimensions: 212X2112
  • Lot Size Sq Ft: 5736852.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 11218.0
  • Tax Lot: 7

MLS Schools

  • Elementary School: Caroline Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2010
Sold by
Gilbert John W & As Tr
Bought by
Gilbert Laurene Mongelli
Current Estimated Value
$521,789
Source: Public Records

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
Quit Claim Deed -- James A Salk
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Sold $485,000 -7.6% $393 / Sq Ft
12/02/2024 12/02/24 Pending -- -- --
10/15/2024 10/15/24 Price Changed $525,000 -12.5% $425 / Sq Ft
08/18/2024 08/18/24 For Sale $599,900 -- $486 / Sq Ft
Source: Cortland County 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 $10,285 $425,000 $290,500 $134,500
2023 $10,242 $385,000 $290,500 $94,500
2022 $9,388 $360,000 $290,500 $69,500
2021 $8,125 $285,000 $216,100 $68,900
2020 $8,055 $285,000 $216,100 $68,900
2019 $6,595 $285,000 $216,100 $68,900
2018 $6,364 $220,000 $216,100 $3,900
2017 $6,528 $220,000 $167,000 $53,000
2016 $6,627 $220,000 $167,000 $53,000
2015 -- $220,000 $167,000 $53,000
2014 -- $220,000 $167,000 $53,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cortland County Board of REALTORS®

MLS Number: S1559722

Cortland County Board of REALTORS®

APN: 502200-012-000-0001-007-002-0000