NOT LISTED FOR SALE

49 Summit Ave Corning, NY 14830

Estimated Value: $427,476 - $492,000

5 Beds
4 Baths
3,473 Sq Ft
$131/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $395,000 $114 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,228/month

15 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Subterranean Parking
  • Corning-Painted Post High School Rated A-
  • 2 Fireplaces
  • 2 Car Attached Garage

About This Home

As of August 2022

A fantastic Southside hill gem! Situated on a surprisingly flat corner lot w/ an ample yard, a large deck and covered patio, outdoor living is a breeze. Entertain in the gorgeous new kitchen, w/ granite, high-end appliances, breakfast bar and eating area. Convenience and space, offering 3 separate living areas- one on each level, a first floor br & full bath, 1st fl laundry & office! Multiple potential Owner's suites, one w/ it's own den! 4br's & 3 full baths up, and another rarity on the hill; an attached 2 car garage! A quick walk downtown to Market St, or minutes by car to the Finger Lakes!

Last Agent to Sell the Property

Daniel Mower

Listing by Keller Williams Realty Southern Tier & Finger Lakes License #10301205665 Listed on: 06/28/2022

Keller Williams Realty Southern Tier & Finger Lakes

Last Buyer's Agent

Daniel Mower

Listing by Keller Williams Realty Southern Tier & Finger Lakes License #10301205665 Listed on: 06/28/2022

Keller Williams Realty Southern Tier & Finger Lakes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,070

Year Built

  • Built in 1961

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 115x128
  • Property is Fully Fenced

Parking

  • 2 Car Attached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Siding

Interior Spaces

  • 3,473 Sq Ft Home
  • Ceiling Fan
  • 2 Fireplaces

Kitchen

  • Oven
  • Free-Standing Range
  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

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

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Vented Exhaust Fan
  • Gas Water Heater
  • Water Softener is Owned
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 317.16.02-026.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,070

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1961
  • Water Body Name: None
  • Subdivision Name: NONE
  • Directions: i86 to downtown Corning, exit 46. Take Centerway towards downtown. Cross Denison pkwy onto Cedar St. Home is at the top of Cedar, on corner of Summit.
  • Architectural Style: Colonial
  • Flooring: Carpet, Ceramic Tile, Hardwood, Varies
  • Garage Yn: Yes
  • Interior Features: Ceiling Fan(s), Storage
  • Year Built Details: Existing
  • Master Plan Zoning: Res
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Free-Standing Range, Gas Water Heater, Oven, Refrigerator, Range Hood, Washer, Water Softener Owned
  • Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplaces: 2

Exterior Features

  • Fencing: Full
  • Acres: 0.34
  • Waterfront: No
  • Construction Type: Brick, Composite Siding
  • Exterior Features: Blacktop Driveway, Fully Fenced, Patio
  • Foundation Details: Block
  • Patio And Porch Features: Patio

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Underground, Garage, Off Street

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available, Sewer Connected, Water Available
  • Water Source: Not Connected, Public

Schools

  • Junior High Dist: Corning-Painted Post

Lot Info

  • Parcel Number: 317.16.02-026.000
  • Lot Dimensions: 115X128
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 14070.0

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Aug 12, 2022
Sold by
Marchetti Meghan E
Bought by
Fallon Daniel P and Silva Patricia L
Seller's Agent
Daniel Mower
Keller Williams Realty Southern Tier & Finger Lakes
Buyer's Agent
Daniel Mower
Keller Williams Realty Southern Tier & Finger Lakes
List Price
$389,900
Sold Price
$395,000
Premium/Discount to List
$5,100
1.31%
Current Estimated Value
$445,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,266
Avg. Annual Appreciation
4.21%
Original Mortgage
$316,000
Outstanding Balance
$302,112
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$151,757

Purchase Details

Listed on
May 5, 2021
Closed on
Jul 21, 2021
Sold by
Gross Timothy M and Gross Meghan H
Bought by
Marchetti Meghan E
Seller's Agent
Daniel Mower
Keller Williams Realty Southern Tier & Finger Lakes
Buyer's Agent
Daniel Mower
Keller Williams Realty Southern Tier & Finger Lakes
List Price
$350,000
Sold Price
$352,000
Premium/Discount to List
$2,000
0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.49%
Original Mortgage
$281,600
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 26, 2014
Closed on
Jul 1, 2014
Sold by
Hatch Ronald D
Bought by
Gross Timothy M
Seller's Agent
Nancy Sterling
Howard Hanna Corning Denison
Buyer's Agent
Norman E. Schamel
Keller Williams Realty Southern Tier & Finger Lakes
List Price
$285,000
Sold Price
$280,000
Premium/Discount to List
-$5,000
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.29%
Original Mortgage
$274,928
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 2003
Sold by
Gachter Andre M
Bought by
Hatch Ronald D

Purchase Details

Closed on
Mar 6, 1996
Sold by
Blowers Carl H
Bought by
Gachter Andre M and Gachter Kathryn A

Purchase Details

Closed on
Feb 12, 1996
Sold by
Blowers Carl H
Bought by
Gachter Andre M and Gachter Kathryn A
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
Fallon Daniel P $395,000 None Available
Marchetti Meghan E $352,000 None Available
Gross Timothy M $280,000 James Gabriel
Hatch Ronald D $197,500 Mustico Ziff, Weiermiller, H
Gachter Andre M $184,900 --
Gachter Andre M $184,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fallon Daniel P $316,000
Previous Owner Marchetti Meghan E $281,600
Previous Owner Gross Timothy M $274,928
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/12/2022 08/12/22 Sold $395,000 +1.3% $114 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $389,900 +10.8% $112 / Sq Ft
07/21/2021 07/21/21 Sold $352,000 +0.6% $101 / Sq Ft View Prior Sale
06/21/2021 06/21/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $350,000 +25.0% $101 / Sq Ft
07/02/2014 07/02/14 Sold $280,000 -1.8% $81 / Sq Ft View Prior Sale
06/02/2014 06/02/14 Pending -- -- --
03/26/2014 03/26/14 For Sale $285,000 -- $82 / Sq Ft
Source: Elmira-Corning Regional Association 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 $10,742 $396,000 $26,000 $370,000
2023 $10,856 $396,000 $26,000 $370,000
2022 $13,934 $300,000 $23,500 $276,500
2021 $9,687 $280,000 $23,500 $256,500
2020 $6,065 $280,000 $23,500 $256,500
2019 $12,488 $280,000 $23,500 $256,500
2018 $12,488 $280,000 $23,500 $256,500
2017 $8,525 $280,000 $23,500 $256,500
2016 $8,435 $280,000 $23,500 $256,500
2015 -- $280,000 $23,500 $256,500
2014 -- $220,000 $23,500 $196,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Elmira-Corning Regional Association of REALTORS®

MLS Number: EC266175

APN: 460300-317-016-0002-026-000