Seller's Agent in 2023
Carol Bushberg
Warren Real Estate of Ithaca Inc. (Downtown)
(607) 279-4530
127 Total Sales
502 University Ave Ithaca, NY 14850
Ithaca Area
Studio
--
Bath
2,040
Sq Ft
0.37
Acre Lot
Highlights
- Forced Air Heating System
- Ceiling Fan
- Laundry Facilities
- Boynton Middle School Rated A-
- Baseboard Heating
About This Home
As of October 2023One of the oldest homes on University Avenue, the Mary B. Wood House was built for and occupied by Ezra Cornell's mother-in-law and is named after her. The house is Second Empire style and was built in 1873. Fully leased and the gross income for 2022.2023 year is $72,600.Converted to student housing in the 1980s, this house has 5 units, legal for 8 unrelated people. 2019 Certificate of Compliance to convey. Landlord's style is to pay utilities, though there are 3 heating systems and future owner could pass on heating costs for 2 of 5 units.3rd heating system heats 3 remaining apts. Landlord provides hot and cold water, most furnishings and all appliances on site. Seller to provide inventory of personal property. Tenants in this building have the right to use coin-op laundry located at 508 University, owned by the same landlord.
Last Agent to Sell the Property
Warren Real Estate of Ithaca Inc. (Downtown) License #10301223410 Listed on: 12/06/2022
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,950
Year Built
- Built in 1873
Lot Details
- 16,117 Sq Ft Lot
- Lot Dimensions are 67x243
Home Design
- Stone Foundation
- Frame Construction
Interior Spaces
- 2,040 Sq Ft Home
- Ceiling Fan
- Partially Finished Basement
- Walk-Out Basement
Parking
- 2 Car Garage
- Parking Available
- On-Street Parking
- Off-Site Parking
Schools
- Fall Creek Elementary School
- Boynton Middle School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- Separate Meters
Community Details
- University Hill Historic Subdivision
- Laundry Facilities
- Gross Income $72,600
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 500700 32.-2-3
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
Closed on
Feb 29, 2000
Sold by
Bought by
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 |
|---|---|---|---|
| $140,000 | Peter Miller |
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 | $61,305 | ||
| Closed | $57,382 |
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 |
|---|---|---|---|---|
| 10/31/2023 10/31/23 | Sold | $570,000 | -4.2% | $279 / Sq Ft |
| 10/01/2023 10/01/23 | Pending | -- | -- | -- |
| 12/06/2022 12/06/22 | For Sale | $595,000 | -- | $292 / 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 | $15,045 | $450,000 | $95,000 | $355,000 |
| 2024 | $9,227 | $450,000 | $95,000 | $355,000 |
| 2023 | $8,369 | $370,000 | $95,000 | $275,000 |
| 2022 | $13,134 | $370,000 | $95,000 | $275,000 |
| 2021 | $12,797 | $350,000 | $95,000 | $255,000 |
| 2020 | $8,128 | $350,000 | $95,000 | $255,000 |
| 2019 | $9,342 | $320,000 | $95,000 | $225,000 |
| 2018 | $7,783 | $320,000 | $95,000 | $225,000 |
| 2017 | $7,377 | $295,000 | $45,000 | $250,000 |
| 2016 | $7,443 | $295,000 | $45,000 | $250,000 |
| 2015 | -- | $275,000 | $45,000 | $230,000 |
| 2014 | -- | $275,000 | $45,000 | $230,000 |
Source: Public Records
Agents Affiliated with this Home
-
Carol Bushberg
-
Edward Finegan
E
Seller Co-Listing Agent in 2023
Edward Finegan
EDWARD J FINEGAN
(607) 279-0234
10 Total Sales
-
Andrew Schreck
A
Buyer's Agent in 2023
Andrew Schreck
Warren Real Estate of Ithaca Inc. (Downtown)
(585) 802-7827
48 Total Sales
Map
Source: Ithaca Board of REALTORS®
MLS Number: IB407834
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