$595,000
$50K PRICE DROP

Estimated payment $5,051/month

Total Views 30,326
7 Beds
5 Baths
3,335 Sq Ft
$178 Price per Sq Ft

Highlights

  • 18.5 Acre Lot
  • Property is near public transit
  • Wood Flooring
  • Cayuga Heights Elementary School Rated A-
  • Wooded Lot
  • Private Yard

About This Home

Rare 18.5-Acre Opportunity in the City of Ithaca located near the Cayuga Waterfront Trail and Downtown, this expansive property offers privacy and stunning views of the Ithaca College Towers. The land consists of six tax parcels, featuring a mix of wooded areas, wide open spaces, and scenic creeks. The woods surrounding the structures provide privacy, while the large open areas are perfect for outdoor activities.
The property includes 442 Floral Ave, a quaint 3-bedroom, 2-bath home, with a newly updated 1-bedroom apartment featuring a new kitchen and bathroom. The property is on all municipal services, with 50 feet of road frontage on Floral Ave and a 6-foot right-of-way along the south side of 440 Floral Ave. 438 Floral Ave contains two dwelling units—a spacious 2-bedroom apartment and a studio apartment with municipal water, natural gas, and septic, plus a storage shed. New kitchens are being installed in 438A & 438B Floral Ave, the interior will be freshly painted, and new luxury vinyl plank flooring will be installed. 438 Floral Ave also features a 50-foot deeded right-of-way along the northwest side of Towerview Apartments, currently servicing both 438 & 442 Floral Ave. Additionally, there are two unopened portions of road frontage each 60 feet wide, offering future access potential. This unique offering presents incredible potential for development, investment, or a private retreat, and buyers are encouraged to explore parcel consolidation and potential future access to city streets.

Listing Agent

Lindsay Garner

Linz Real Estate License #37GA1044494 Listed on: 05/13/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,104

Year Built

  • Built in 1935

Lot Details

  • 18.5 Acre Lot
  • Lot Dimensions are 50x1062
  • Irregular Lot
  • Wooded Lot
  • Private Yard

Home Design

  • Quadruplex
  • Fixer Upper
  • Block Foundation
  • Stone Foundation
  • Metal Roof
  • Wood Siding
  • Shake Siding
  • Copper Plumbing

Interior Spaces

  • 3,335 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Frame Window
  • Storage
  • Storm Windows
  • Property Views

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Crawl Space

Parking

  • Parking Available
  • Paved Parking

Location

  • Property is near public transit

Schools

  • Cayuga Heights Elementary School
  • Boynton Middle School
  • Ithaca Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Hot Water Heating System
  • PEX Plumbing
  • Gas Water Heater
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 98.-1-(1&4&5) &, 99.-1-(5&2&1)

Community Details

Overview

  • Association fees include common area maintenance, electricity, gardener, heat, hot water, snow removal, water
  • 4 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,104

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 18.5
  • Lot Size: 50X1062
  • Directions: Take W State Street/Route 79 turn left onto Floral Ave/Route 13A the driveway entrance will be on the right hand side just after 356 Floral Avenue and directly across the street from 361 Floral Avenue.
  • Architectural Style: Other, See Remarks, Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Existing
  • Year Built: 1935
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1935

Interior Features

  • Appliances: Gas Water Heater
  • Owner Pays: Electricity, Grounds Care, Heat, Hot Water, Snow Removal, Water
  • Has Basement: Crawl Space, Full, Walk-Out Access, Sump Pump
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Other, See Remarks, Varies, Vinyl
  • Interior Amenities: Ceiling Fan(s), Storage
  • Living Area: 3335.0
  • Stories: 2
  • Window Features: Storm Window(s), Wood Frames

Exterior Features

  • Lot Features: Irregular Lot, Near Public Transit, Wooded
  • View: Slope View
  • View: Yes
  • Waterfront: No
  • Construction Type: Shake Siding, Wood Siding, Copper Plumbing, PEX Plumbing
  • Exterior Features: Private Yard, See Remarks
  • Foundation Details: Block, Stone
  • Property Condition: Resale, Fixer
  • Roof: Metal

Garage/Parking

  • Parking Features: Gravel, Other, Parking Available, See Remarks

Utilities

  • Cooling: Other, See Remarks, Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Other, See Remarks, Forced Air, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected, Septic Tank
  • Utilities: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Electricity, Gardener, Heat, Hot Water, Snow Removal, Water

Schools

  • Elementary School: Cayuga Heights Elementary
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Lot Size Sq Ft: 805860.0
  • Parcel #: 98.-1-(1&4&5) &, 99.-1-(5&2&1)
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 21104.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,181 $120,000 $26,300 $93,700
2023 $1,631 $72,000 $26,300 $45,700
2022 $2,139 $65,000 $26,300 $38,700
2021 $1,887 $50,000 $26,300 $23,700
2020 $1,205 $50,000 $26,300 $23,700
2019 $1,050 $50,000 $26,300 $23,700
2018 $1,229 $50,000 $26,300 $23,700
2017 $5,833 $30,000 $13,000 $17,000
2016 $784 $30,000 $13,000 $17,000
2015 -- $30,000 $13,000 $17,000
2014 -- $30,000 $13,000 $17,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2024 07/24/24 Price Changed $595,000 0.0% $178 / Sq Ft
07/24/2024 07/24/24 Price Changed $595,000 -7.8% $178 / Sq Ft
05/15/2024 05/15/24 For Sale $645,000 0.0% $193 / Sq Ft
05/13/2024 05/13/24 For Sale $645,000 -- $193 / Sq Ft
Source: Ithaca Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Executors Deed -- None Available
Deed $18,000 --
Source: Public Records

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Source: Ithaca Board of REALTORS®

MLS Number: R1536305

APN: 500700-099-000-0001-003-000-0000