NOT LISTED FOR SALE

402 Salem Dr Ithaca, NY 14850

Estimated Value: $435,000 - $470,000

5 Beds
2.5 Baths
2,458 Sq Ft
$183/Sq Ft Est. Value

Last Sold October 23, 2018

Last sale price $260,000 $106 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,183/month

18 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • 1 Car Garage
  • Northeast School Rated A
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of October 2018

Currently leased single family w/ accessory apartment in the attractive Northeast neighborhood. Upstairs is a 3 BR apt. Downstairs is a 2 BR apt. Convenient to schools, shopping and restaurants. Spacious apartments and large private yard. Own as an investment property- or convert to a 5 BR home, or live in one apartment and rent the other as the leases expire.

Last Agent to Sell the Property

Linda Slattery

Howard Hanna S Tier Inc Brokerage Email: lindaslattery4@gmail.com License #30SL0844850 Listed on: 09/04/2018

Last Buyer's Agent

Jenny Chai

Ithaca Real Estate, Inc. License #10311200553

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,970

Year Built

  • Built in 1961

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x150

Parking

  • 1 Car Garage

Home Design

  • 2,458 Sq Ft Home
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

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

Eco-Friendly Details

  • Energy-Efficient Windows

Schools

  • Northeast Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 503089 70.-9-4

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,970

Year Built

Built in 1961

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.34
  • Lot Size: 100X150
  • Water Body Name: None
  • Garage Yn: Yes
  • Efficiency: Windows
  • Year Built: 1961
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: lindaslattery4@gmail.com
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Oven, Gas Range, Refrigerator, Range Hood, Washer
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Carpet, Ceramic Tile, Hardwood, Varies, Vinyl
  • Interior Amenities: Eat-in Kitchen
  • Living Area: 2458.0

Exterior Features

  • Construction Type: Frame, Wood Siding
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage

Utilities

  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Elementary School: Northeast
  • Junior High Dist: Ithaca

Lot Info

  • Lot Size Sq Ft: 14810.0
  • Parcel #: 503089 70.-9-4
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2018
Closed on
Oct 23, 2018
Sold by
Shoham Ben-David Shai and Shoham Ben-David
Bought by
Li Weihong and Gao Zefeng
Seller's Agent
Linda Slattery
Howard Hanna S Tier Inc
Buyer's Agent
Jenny Chai
Ithaca Real Estate, Inc.
List Price
$249,500
Sold Price
$260,000
Premium/Discount to List
$10,500
4.21%
Current Estimated Value
$450,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,211
Avg. Annual Appreciation
8.31%
Original Mortgage
$195,000
Outstanding Balance
$118,020
Interest Rate
4.7%
Mortgage Type
Unknown
Estimated Equity
$332,191

Purchase Details

Closed on
Mar 17, 2004
Sold by
Cullen Thomas P
Bought by
Ben-David Shai
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
Li Weihong $260,000 --
Ben-David Shai $190,000 Matthews Peterson
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gao Zefeng $17,772
Open Li Weihong $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2018 10/23/18 Sold $260,000 +4.2% $106 / Sq Ft
09/23/2018 09/23/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $249,500 -- $102 / 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 $8,970 $385,000 $45,400 $339,600
2023 $8,970 $311,000 $45,400 $265,600
2022 $8,547 $283,000 $45,400 $237,600
2021 $8,160 $260,000 $45,400 $214,600
2020 $8,128 $260,000 $45,400 $214,600
2019 $3,815 $260,000 $45,400 $214,600
2018 $8,258 $260,000 $45,400 $214,600
2017 $7,312 $225,000 $45,400 $179,600
2016 $7,346 $225,000 $45,400 $179,600
2015 -- $225,000 $45,400 $179,600
2014 -- $210,000 $45,400 $164,600
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Linda Slattery

    Howard Hanna S Tier Inc

    (607) 257-0800

    4 Total Sales

    Linda Slattery
    Section Image
  • Jenny Chai

    Buyer's Agent in 2018

    Jenny Chai

    Ithaca Real Estate, Inc.

    (607) 379-9168

    5 in this area

    77 Total Sales

    Jenny Chai
    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB314703

APN: 503089-070-000-0009-004-000-0000

New York Tompkins County Ithaca 14850

402 Salem Dr, Ithaca, NY

This home is located at 402 Salem Dr, Ithaca, NY 14850 since 04 September 2018 and is currently estimated at $450,211, approximately $183 per square foot. This property was built in 1961. 402 Salem Dr is a home located in Tompkins County with nearby schools including Northeast School, DeWitt Middle School, and Ithaca Senior High School.

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