NOT LISTED FOR SALE

404 University Ave Ithaca, NY 14850

Ithaca Area
-- Bed
-- Bath
4,731 Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: June 3, 2021

Last sale price $750,000 $159 Per Sq Ft

81 Days on Market

Highlights

  • Furnished
  • Baseboard Heating
  • Coin Laundry
  • Boynton Middle School Rated A-

About This Home

As of June 2021

Purpose built classic 5 unit apartment house featuring 4 - three bedroom & 1 - one bedroom furnished units. The four 3-bedroom units are almost identical in floor plan. Spacious sunny its with many features. Some units have dishwashers. Tenants in 3 bedroom units pay electricity. Common coin -op laundry. Excellent mechanical condition with each unit having own thermostat. Metal roof recently recoated. House is lovely sage green w/cream trim, extensive heavy concrete work just completed to re-support rear porches. Great property. Two apartments renewing for 21-22, 3 still available. Apartment #1 is leased to two persons and is renewing.

Last Agent to Sell the Property

Christopher Anagnost

Christopher George Real Estate Brokerage Email: chris@christophergeorgerealestate.com License #37AN0236407 Listed on: 02/12/2021

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,000

Year Built

  • Built in 1900

Lot Details

  • 8,276 Sq Ft Lot

Parking

  • No Driveway

Home Design

  • Stone Foundation
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 4,731 Sq Ft Home
  • Furnished

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher

Partially Finished Basement

  • Walk-Out Basement
  • Partial Basement

Schools

  • Fall Creek Elementary School

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 32.-2-7

Community Details

Overview

  • 5 Units
  • University Ave. Historic Subdivision

Additional Features

  • Coin Laundry
  • Gross Income $102,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,000

Year Built

Built in 1900

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Prop. Type: Multi Family
  • Lot Size Acres: 0.19
  • Lot Size: 60X
  • Subdivision Name: University Ave. Historic
  • Directions: Property is 2/3's way up University Ave, past Llenroc Ave and near Lake St. House is on west side - no off-street parking.
  • Year Built: 1900
  • Attribution Contact: chris@christophergeorgerealestate.com
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Furnished: Furnished
  • Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
  • Has Basement: Partial, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Living Area: 4731.0

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Stone
  • Roof: Metal

Garage/Parking

  • Parking Features: No Driveway

Utilities

  • Laundry Features: Common Area, Coin-operated
  • Heating: Gas, Baseboard, Hot Water
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Laundry Facilities

Schools

  • Elementary School: Fall Creek Elementary
  • Junior High Dist: Ithaca

Lot Info

  • Lot Size Sq Ft: 8276.0
  • Parcel #: 32.-2-7

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 5
  • Annual Gross Income: 102840.0

Tax Info

  • Tax Annual Amount: 22000.0

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
Feb 12, 2021
Closed on
Jun 3, 2021
Sold by
Bought by
Seller's Agent
Christopher Anagnost
Christopher George Real Estate
List Price
$850,000
Sold Price
$750,000
Premium/Discount to List
-$100,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,000
Outstanding Balance
$494,062
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,596
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,156
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2000
Sold by
Bought by
Source: Public Records

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
$750,000 None Available
$240,000 Liam Murphy
$218,500 Liam Murphy
$180,000 Mazza Edward
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
Open $558,000
Previous Owner $250,000
Previous Owner $2,000,000
Closed $110,596
Previous Owner $83,156
Closed $50,000
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
06/03/2021 06/03/21 Sold $750,000 -11.8% $159 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
02/12/2021 02/12/21 For Sale $850,000 -- $180 / 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 $24,662 $750,000 $90,000 $660,000
2024 $15,105 $750,000 $90,000 $660,000
2023 $16,554 $750,000 $90,000 $660,000
2022 $25,871 $750,000 $90,000 $660,000
2021 $25,029 $700,000 $90,000 $610,000
2020 $15,387 $700,000 $90,000 $610,000
2019 $18,284 $550,000 $90,000 $460,000
2018 $13,169 $550,000 $90,000 $460,000
2017 $14,118 $575,000 $40,000 $535,000
2016 $14,247 $575,000 $40,000 $535,000
2015 -- $575,000 $40,000 $535,000
2014 -- $575,000 $40,000 $535,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB403706

APN: 500700-032-000-0002-007-000-0000

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