NOT LISTED FOR SALE

316 Highland Rd Ithaca, NY 14850

2 Beds
1 Bath
25,694 Sq Ft
3.32 Acres

Last Sold July 15, 2022

Last sale price $4,100,000 $160 Per Sq Ft

960 Days on Market

Highlights

  • 3.32 Acre Lot
  • Furnished
  • Storage
  • Cayuga Heights Elementary School Rated A-
  • Window Unit Cooling System
  • Hot Water Heating System

About This Home

As of July 2022

North campus area apartment building in Cayuga Heights within walking distance of campus and on TCAT #30 bus. 35 Studios, 6 one bedrooms, 10 two bedrooms, and one office. Lots of parking. 3.32 acres! See docs for details from 2017. Under rented and excellent investment potential.

Last Agent to Sell the Property

Susan Lustick

Warren Real Estate of Ithaca Inc. Brokerage Email: slustick@gmail.com License #30LU0738088 Listed on: 10/29/2019

Last Buyer's Agent

Susan Lustick

Warren Real Estate of Ithaca Inc. Brokerage Email: slustick@gmail.com License #30LU0738088 Listed on: 10/29/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $122,488

Year Built

  • Built in 1974

Lot Details

  • 3.32 Acre Lot

Home Design

  • Block Foundation
  • Frame Construction

Interior Spaces

  • 25,694 Sq Ft Home
  • Furnished
  • Storage

Kitchen

  • Electric Oven
  • Electric Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Garage
  • Common or Shared Parking

Schools

  • Cayuga Heights Elementary School
  • Boynton Middle School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Hot Water Heating System

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 503001 15.-6-1.2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$122,488

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Prop. Type: Multi Family
  • Lot Size Acres: 3.32
  • Directions: Highland Road opposite the Congregational Church, long driveway, apartments not visible from Highland Rd. On public bus route.
  • Garage Yn: Yes
  • Year Built: 1974
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: slustick@gmail.com
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Exhaust Fan, Electric Oven, Electric Range, Microwave, Refrigerator, Range Hood, Washer
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Interior Amenities: Storage
  • Living Area: 25694.0

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Common, Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water
  • 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: 144619.0
  • Parcel #: 503001 15.-6-1.2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 52

Tax Info

  • Tax Annual Amount: 122488.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2022 07/15/22 Sold $4,100,000 -2.4% $160 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
10/29/2019 10/29/19 For Sale $4,200,000 -- $163 / 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 $120,150 $4,240,000 $196,200 $4,043,800
2023 $131,964 $4,240,000 $196,200 $4,043,800
2022 $134,547 $4,240,000 $196,200 $4,043,800
2021 $132,174 $4,025,000 $196,200 $3,828,800
2020 $128,306 $4,025,000 $196,200 $3,828,800
2019 $106,202 $3,850,000 $196,200 $3,653,800
2018 $125,242 $3,850,000 $196,200 $3,653,800
2017 $118,243 $3,500,000 $196,200 $3,303,800
2016 $113,229 $3,500,000 $196,200 $3,303,800
2015 -- $2,750,000 $196,200 $2,553,800
2014 -- $2,750,000 $196,200 $2,553,800
Source: Public Records

Agents Affiliated with this Home

  • Susan Lustick

    Seller's Agent in 2022

    Susan Lustick

    Warren Real Estate of Ithaca Inc.

    (607) 280-1642

    23 in this area

    80 Total Sales

    Susan Lustick
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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB400686

New York Tompkins County Ithaca 14850

316 Highland Rd, Ithaca, NY

Not Listed for Sale

MultiFamily

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