NOT LISTED FOR SALE

316 Highland Rd Ithaca, NY 14850

Cayuga Heights Area
2 Beds
1 Bath
25,694 Sq Ft
3.32 Acre Lot

Sale Details

Date 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

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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
  • Gross Income $483,010

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

3.32 Acres

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
  • 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

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 52
  • Annual Gross Income: 483010.0

Tax Info

  • Tax Annual Amount: 122488.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2019
Closed on
Jul 13, 2022
Sold by
Bought by
Seller's Agent
Susan Lustick
Warren Real Estate of Ithaca Inc.
Buyer's Agent
Susan Lustick
Warren Real Estate of Ithaca Inc.
List Price
$4,200,000
Sold Price
$4,100,000
Premium/Discount to List
-$100,000
-2.38%

Purchase Details

Listed on
Oct 29, 2019
Closed on
Jul 6, 2022
Sold by
Bought by
Seller's Agent
Susan Lustick
Warren Real Estate of Ithaca Inc.
Buyer's Agent
Susan Lustick
Warren Real Estate of Ithaca Inc.
List Price
$4,200,000
Sold Price
$4,100,000
Premium/Discount to List
-$100,000
-2.38%

Purchase Details

Closed on
Aug 23, 2016
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Ithaca, NY

  • KiRa Fritzky-Randolph Real Estate Agent - Howard Hanna

    KiRa Fritzky-Randolph

    Howard Hanna

    (607) 605-6797

    54 Total Sales

    3 in Cayuga Heights

    $349K - $505K Price Range

    KiRa Fritzky-Randolph
     Section Image
  • Heather Gowe Real Estate Agent - Warren Real Estate

    Heather Gowe

    Warren Real Estate

    (607) 252-9035

    82 Total Sales

    3 in Cayuga Heights

    $610K - $685K Price Range

    Heather Gowe
     Section Image
  • Kathleen Seaman Real Estate Agent - Warren Real Estate of Ithaca

    Kathleen Seaman

    Warren Real Estate of Ithaca

    (607) 603-7882

    198 Total Sales

    16 in Cayuga Heights

    $450K - $1.6M Price Range

    Kathleen Seaman
     Section Image
  • Brian DeYoung Real Estate Agent - Berkshire Hathaway HomeService

    Brian DeYoung

    Berkshire Hathaway HomeService

    (607) 882-6581

    77 Total Sales

    4 in Cayuga Heights

    $150K - $670K Price Range

    Brian DeYoung
     Section Image
  • Terri Starr Real Estate Agent - Howard Hanna S Tier Inc

    Terri Starr

    Howard Hanna S Tier Inc

    (607) 564-4392

    111 Total Sales

    1 in Cayuga Heights

    $435,000 Price

    Terri Starr
     Section Image
  • Jamie Jensen Real Estate Agent - Howard Hanna

    Jamie Jensen

    Howard Hanna

    (607) 391-2590

    131 Total Sales

    3 in Cayuga Heights

    $325K - $681K Price Range

    Jamie Jensen
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$683,333 None Available
$1,366,666 None Available
$683,333 None Available
$1,366,666 None Available
-- Clune Robert J
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $250,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 -- $4,240,000 $196,200 $4,043,800
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 Real Estate Agent - Warren Real Estate of Ithaca Inc.

    Seller's Agent in 2022

    Susan Lustick

    Warren Real Estate of Ithaca Inc.

    (607) 280-1642

    74 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

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