NOT LISTED FOR SALE

408 E Lincoln St Ithaca, NY 14850

Fall Creek Neighborhood

Estimated Value: $423,000 - $450,000

4 Beds
2.5 Baths
2,368 Sq Ft
$184/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $335,000 $141 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,882/month

67 Days on Market

Highlights

  • Deck
  • Eat-In Kitchen
  • Forced Air Heating System
  • Boynton Middle School Rated A-
  • Ceramic Tile Flooring
  • 2-minute walk to Ithaca Falls Natural Area

About This Home

As of December 2021

Fantastic 2 unit income property in highly desirable Fall Creek of downtown Ithaca with a spacious backyard. Each unit has a bedroom on the main floor, and another upstairs with a sliding glass door to the huge back deck overlooking a fabulous yard. Unit 406 has just been extensively renovated including an all new kitchen with laundry, brand new laminate floors and wall to wall carpet. Both units have brand new double pane windows. Both units are rented until 2022 for a total monthly rent of $2650 plus utilities. Located only 2 blocks from breathtaking Ithaca Falls. There is one off street parking spot, and plentiful street parking. Little need for a car when you live just under a mile from Ithaca's wonderful Farmer's Market at Steamboat Landing, the Cayuga Waterfront Trail, The Commons. and a multitude of restaurants, music venues, and cafes.

Last Agent to Sell the Property

Claudia Lagalla

Howard Hanna S Tier Inc Brokerage Email: homes@clagalla.com License #10301206699 Listed on: 09/24/2021

Howard Hanna S Tier Inc

Last Buyer's Agent

Heather Gowe/Reciprocal

Keller Williams Realty License #10401319453

Keller Williams Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1860

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 59x98
  • Partially Fenced Property

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Roof
  • Metal Roof
  • Vinyl Siding
  • Masonry
  • Stone

Interior Spaces

  • 2,368 Sq Ft Home
  • 2-Story Property

Kitchen

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

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Dirt Floor
  • Crawl Space

Parking

  • 2 Car Garage
  • Parking Available
  • On-Street Parking
  • Off-Site Parking

Schools

  • Fall Creek Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • Energy-Efficient Windows
  • Deck

Listing and Financial Details

  • Assessor Parcel Number 12.-3-15

Home Details

Home Type

Single Family

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Lot Size: 59X98
  • Directions: Lincoln St between N. Aurora and Linn St.
  • Architectural Style: Two Story
  • Unit Levels: Two
  • Efficiency: Windows
  • Building Stories: 2
  • Year Built: 1860
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: homes@clagalla.com
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Washer
  • Has Basement: Crawl Space, Dirt Floor, Walk-Out Access
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Carpet, Ceramic Tile, Laminate, Varies
  • Interior Amenities: Eat-in Kitchen
  • Living Area: 2368.0
  • Stories: 2

Exterior Features

  • Fencing: Partial
  • Construction Type: Frame, Masonry, Stone, Vinyl Siding
  • Exterior Features: Deck, Fence
  • Foundation Details: Stone
  • Patio And Porch Features: Deck
  • Roof: Asphalt, Metal

Garage/Parking

  • Parking Features: Concrete, Off Site, Other, Parking Available, One Space, On Street, See Remarks, Two or More Spaces

Utilities

  • Cooling: Separate Meters
  • Heating: Gas, Separate Meters, Forced Air
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

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

Lot Info

  • Lot Size Sq Ft: 5663.0
  • Parcel #: 12.-3-15
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
Dec 30, 2021
Sold by
Qi Fei and Lu Feng
Bought by
Smith Alan
Seller's Agent
Claudia Lagalla
Howard Hanna S Tier Inc
Buyer's Agent
Heather Gowe/Reciprocal
Keller Williams Realty
List Price
$335,000
Sold Price
$335,000
Current Estimated Value
$431,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,026
Avg. Annual Appreciation
6.75%
Original Mortgage
$251,250
Outstanding Balance
$231,558
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$205,243

Purchase Details

Closed on
Oct 5, 2015
Sold by
Baruch F
Bought by
Qi Fe and Lu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,750
Interest Rate
3.95%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 4, 2002
Sold by
Terry Robert D
Bought by
Runyon Edward C

Purchase Details

Closed on
Dec 17, 1997
Sold by
Manufacturers And Traders
Bought by
Terry Robert D

Purchase Details

Closed on
Dec 11, 1996
Sold by
Referee Crittenden Don
Bought by
Manufactures And Traders Compa
Source: Public Records
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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
Smith Alan $335,000 None Available
Qi Fe $195,000 Mariette Geldenhuys
Runyon Edward C $114,000 Michael Yehl
Terry Robert D $46,000 --
Manufactures And Traders Compa $61,058 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Alan $251,250
Previous Owner Qi Fe $141,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $335,000 0.0% $141 / Sq Ft
11/30/2021 11/30/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $335,000 -- $141 / 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 $7,805 $390,000 $47,600 $342,400
2023 $7,699 $350,000 $47,600 $302,400
2022 $9,915 $330,000 $47,600 $282,400
2021 $8,231 $230,000 $47,600 $182,400
2020 $5,199 $230,000 $47,600 $182,400
2019 $6,041 $200,000 $47,600 $152,400
2018 $4,799 $200,000 $47,600 $152,400
2017 $4,684 $190,000 $29,500 $160,500
2016 $4,727 $190,000 $29,500 $160,500
2015 -- $190,000 $29,500 $160,500
2014 -- $190,000 $29,500 $160,500
Source: Public Records

Agents Affiliated with this Home

  • Claudia Lagalla

    Seller's Agent in 2021

    Claudia Lagalla

    Howard Hanna S Tier Inc

    (607) 342-3749

    8 in this area

    125 Total Sales

    Claudia Lagalla
    Section Image

  • H

    Buyer's Agent in 2021

    Heather Gowe/Reciprocal

    Keller Williams Realty

    (607) 280-9069

    4 in this area

    98 Total Sales

    Heather Gowe/Reciprocal
    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB405397

APN: 500700-012-000-0003-015-000-0000

New York Tompkins County Ithaca 14850 Fall Creek

408 E Lincoln St, Ithaca, NY

Not Listed for Sale

Detached

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