NOT LISTED FOR SALE

501 Salem Dr Ithaca, NY 14850

Estimated Value: $495,422 - $530,000

6 Beds
2.5 Baths
2,616 Sq Ft
$198/Sq Ft Est. Value

Last Sold May 08, 2014

Last sale price $286,000 $109 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $3,546/month

67 Days on Market

Highlights

  • Beach Access
  • Deck
  • Wood Flooring
  • Northeast School Rated A
  • Pond
  • Main Floor Primary Bedroom

About This Home

As of May 2014

Lovely spacious home borders Sapsucker Sanctuary. Amazing yard with Treehouse. 6 bedrooms, plenty of space, hardwood floors. Light and bright-ready to move into!Walk to N.E. and Dewitt schools-wonderful family home.

Last Agent to Sell the Property

Melissa Miller Fedrizzi

RE/MAX In Motion Brokerage Email: melissa.miller@remax.net License #10491209900 Listed on: 01/30/2014

RE/MAX In Motion

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1967

Lot Details

  • 0.43 Acre Lot

Parking

  • 2 Car Garage

Home Design

  • Brick or Stone Mason
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,616 Sq Ft Home
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Beach Access
  • Pond
  • Deck
  • Patio

Schools

  • Northeast Elementary School

Utilities

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

Community Details

  • Northeast Subdivision

Listing and Financial Details

  • Assessor Parcel Number 70-7-1

Home Details

Home Type

Single Family

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.43
  • Water Body Name: None
  • Subdivision Name: Northeast
  • Garage Yn: Yes
  • Year Built: 1967
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: melissa.miller@remax.net
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Oven, Gas Range, Refrigerator, Washer
  • Has Basement: Full, Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Ceramic Tile, Hardwood, Varies
  • Interior Amenities: Main Level Primary
  • Living Area: 2616.0

Exterior Features

  • Lot Features: Pond
  • Waterfront Features: Beach Access
  • Construction Type: Brick, Frame, Other, See Remarks, Wood Siding
  • Exterior Features: Deck, Patio
  • Patio And Porch Features: Deck, Patio
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage

Utilities

  • Heating: Gas, Wood, 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: 18730.0
  • Parcel #: 70-7-1
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2014
Closed on
May 8, 2014
Sold by
Zhang Zhiwu
Bought by
Riehl Marcus B
Seller's Agent
Melissa Miller Fedrizzi
RE/MAX In Motion
List Price
$298,500
Sold Price
$286,000
Premium/Discount to List
-$12,500
-4.19%
Current Estimated Value
$518,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,106
Avg. Annual Appreciation
5.23%
Original Mortgage
$200,000
Outstanding Balance
$152,878
Interest Rate
4.41%
Mortgage Type
Unknown
Estimated Equity
$365,228

Purchase Details

Closed on
Jun 27, 2005
Sold by
Birman Kenneth
Bought by
Li Wanling
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
Riehl Marcus B $286,000 Johnathan O. Albanese
Li Wanling $229,000 William Crane
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riehl Marcus B $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2014 05/08/14 Sold $286,000 -4.2% $109 / Sq Ft
04/08/2014 04/08/14 Pending -- -- --
01/30/2014 01/30/14 For Sale $298,500 -- $114 / 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 $9,987 $400,000 $56,000 $344,000
2023 $9,899 $360,000 $56,000 $304,000
2022 $9,434 $327,000 $56,000 $271,000
2021 $8,979 $300,000 $56,000 $244,000
2020 $9,012 $300,000 $56,000 $244,000
2019 $4,036 $300,000 $56,000 $244,000
2018 $7,519 $300,000 $56,000 $244,000
2017 $8,947 $285,000 $56,000 $229,000
2016 $9,014 $285,000 $56,000 $229,000
2015 -- $285,000 $56,000 $229,000
2014 -- $245,000 $56,000 $189,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB140075

APN: 503089-070-000-0007-001-000-0000

New York Tompkins County Ithaca 14850

501 Salem Dr, Ithaca, NY

Not Listed for Sale

Detached

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