NOT LISTED FOR SALE

Estimated Value: $393,875 - $472,000

6 Beds
3 Baths
2,676 Sq Ft
$158/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $345,000 $129 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,805/month

11 Days on Market

Highlights

  • 36 Feet of Waterfront
  • Corner Lot
  • Forced Air Cooling System
  • Boynton Middle School Rated A-
  • Woodwork
  • Property is near a bus stop

About This Home

As of December 2023

Three-unit downtown Ithaca across from Ithaca Falls, on bus route and walking distance to Cornell.
First floor -apartment #1: large living room with unique windows, 2 bedrooms, kitchen, updated bathroom, enclosed porch. Rent was $1,305/mo. Second floor-apartment #2: large living room, 3 bedrooms, kitchen, bathroom, enclosed porch. Rent was $1,365/mo.Third floor- apartment #3: kitchen, bath, dining, large living room, 1 bedroom. Rent was$990/mo. Owner pays utitliies. No separate meters. Sold as-is. Seller will not repair.

Last Agent to Sell the Property

Loueen Rosenbush

Listing by Berkshire Hathaway CNY Realty Brokerage Phone: 607-592-7400 License #10401292773 Listed on: 10/12/2023

Berkshire Hathaway CNY Realty

Last Buyer's Agent

Loueen Rosenbush

Listing by Berkshire Hathaway CNY Realty Brokerage Phone: 607-592-7400 License #10401292773 Listed on: 10/12/2023

Berkshire Hathaway CNY Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,341

Year Built

  • Built in 1890

Lot Details

  • 2,592 Sq Ft Lot
  • Lot Dimensions are 72 x 36
  • 36 Feet of Waterfront
  • River Front
  • Corner Lot
  • Rectangular Lot

Parking

  • No Driveway

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2,676 Sq Ft Home
  • 2.5-Story Property
  • Woodwork
  • Fire Escape

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Location

  • Property is near a bus stop

Schools

  • Fall Creek Elementary School
  • Boynton Middle School
  • Ithaca Senior High School

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Rent includes cooking gas, electric, grounds maintenance, heat, hot water, lawn maintenance, refuse removal, snow removal, water
  • Tax Lot 4
  • Assessor Parcel Number 500700-012-000-0002-004-000-0000

Community Details

Overview

  • 3 Units
  • Section 12 Community
  • Section 12 Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Gross Income $43,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,341

Year Built

Built in 1890

Lot Details

0

Listing Details

  • NY Swis Code: Ithaca-City-500700
  • Total Assessed Value: 300000
  • Foundation Description: Block
  • Gross Annual Income: 43920
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 72
  • Lot Dimension Front: 36
  • Lot Information: Corner Lot, Near Bus Line, Neighborhood Street
  • Lot Number: 4
  • Lot Shape: Rectangular
  • Nearest Cross Street: Lake
  • Number of Stories: 2.5000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 5798319.33
  • Ratio Close Price By Sq Ft: 128.92
  • Ratio List Price By Acres: 7225210.08
  • Ratio List Price By Sq Ft: 160.65
  • Regional Board Code: Syracuse
  • Rent Includes: Cooking Gas, Electric, Grounds Maintenance, Heat, Hot Water, Lawn Maintenance, Refuse Removal, Snow Removal, Water
  • Roof Description: Asphalt
  • School Tax: 5051
  • Sub Board Code: Syracuse
  • Type of Residence: 3 Unit, Rehab Needed
  • Type of Sale: Bank Owned / REO
  • Year Built Description: Existing
  • Lot Sq Ft: 2592
  • Age of Building: 133
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 2676
  • Directions To Property: Corner of Lake St and E Falls St across from Ithaca Falls. Parking across the street.
  • Sq Ft Total Pub: 2676
  • Subdivision Comm Complex: Section 12
  • Attribution Contact: 607-592-7400
  • EnergyEquipment: None
  • WaterRelatedFeatures: Other - See Remarks
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1890

Interior Features

  • Full Bathrooms: 3
  • Additional Interior Features: Natural Woodwork - some
  • Basement Description: Crawl Space, Full
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Total Bathrooms: 3.00
  • Total Bedrooms: 6
  • Total Sq Ft: 2676

Exterior Features

  • Construction: Composition, Wood
  • Waterfront Name: Fall Creek
  • Additional Exterior Features: Fire Escape, High Speed Internet
  • Number of Acres: 0.0595
  • Waterfront Description: River/Stream/Creek
  • Waterfront Frontage: 36

Garage/Parking

  • Number of Electric Meters: 1
  • Parking Driveway: No Driveway

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 1
  • Number of Heating Units: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 500700-012-000-0002-004-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 10341

MLS Schools

  • Elementary School Name: Fall Creek Elementary
  • High School Name: Ithaca Senior High
  • Middle School Name: Boynton Middle
  • School District Name: Ithaca

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Dec 5, 2023
Sold by
Omaha Prop Mgr Llc
Bought by
Nopany Mudit
Seller's Agent
Loueen Rosenbush
Berkshire Hathaway CNY Realty
Buyer's Agent
Loueen Rosenbush
Berkshire Hathaway CNY Realty
List Price
$429,900
Sold Price
$345,000
Premium/Discount to List
-$84,900
-19.75%
Views
15
Current Estimated Value
$422,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,719
Avg. Annual Appreciation
10.81%

Purchase Details

Closed on
Jan 29, 2023
Sold by
Mfra T T and Mfra Sosnow
Bought by
Omaha Prop Mgr Llc

Purchase Details

Closed on
Jan 12, 2007
Sold by
Kallstrom Lars R
Bought by
Sosnow Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,915
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nopany Mudit $345,000 None Available
Omaha Prop Mgr Llc $335,700 None Available
Sosnow Susan L $202,128 Jonathan O Albanese
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sosnow Susan L $181,915
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2023 12/29/23 Sold $345,000 -19.7% $129 / Sq Ft
10/23/2023 10/23/23 Pending -- -- --
10/12/2023 10/12/23 For Sale $429,900 -- $161 / Sq Ft
Source: Central New York Information Services

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 $7,006 $345,000 $28,000 $317,000
2023 $7,348 $330,000 $28,000 $302,000
2022 $10,465 $300,000 $28,000 $272,000
2021 $10,044 $275,000 $28,000 $247,000
2020 $6,385 $275,000 $28,000 $247,000
2019 $7,615 $260,000 $28,000 $232,000
2018 $6,262 $260,000 $28,000 $232,000
2017 $5,943 $240,000 $21,800 $218,200
2016 $5,997 $240,000 $21,800 $218,200
2015 -- $215,000 $21,800 $193,200
2014 -- $215,000 $21,800 $193,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central New York Information Services

MLS Number: S1504137

Central New York Information Services

APN: 500700-012-000-0002-004-000-0000