NOT LISTED FOR SALE

505 E State St Ithaca, NY 14850

-- Bed
-- Bath
2,000 Sq Ft
2,100 Sq Ft Lot

Sale Details

Date Sold: September 14, 2020

Last sale price $205,000 $102 Per Sq Ft

68 Days on Market

Highlights

  • Storage
  • Forced Air Heating System
  • Coin Laundry
  • DeWitt Middle School Rated A-

About This Home

As of September 2020

Viable income property - non owner occupied - 4 bedrooms leased separately at $450/month/BR - very low vacancy ratio past 9 years. (contact listing agent.) Two full bathrooms shared - one central kitchen shared - central living room shared - finished attic space for some storage - coinop laundry in basement. On street parking. Quick downhill walk to Ithaca Commons and all downtown amenities - bus service to campuses. Shown by minimum 24 hours advanced appointments M - F. Floor plan diagrams and Occupancy Certificate in documents.

Last Agent to Sell the Property

Jack Balcome

Concept Real Estate Brokerage Email: jlbalcome@gmail.com License #37BA0772388 Listed on: 06/08/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,880

Year Built

  • Built in 1975

Lot Details

  • 2,100 Sq Ft Lot
  • Lot Dimensions are 28x76

Parking

  • No Driveway

Home Design

  • Poured Concrete
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 2,000 Sq Ft Home
  • Storage
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave

Schools

  • Belle Sherman Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 4 Units
  • Coin Laundry
  • Gross Income $21,600

Listing and Financial Details

  • Tenant pays for electricity, heat, water
  • Assessor Parcel Number 500700 69.-6-7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,880

Year Built

Built in 1975

Lot Details

2,100 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.0482
  • Lot Size: 28X76
  • Directions: First house on right going up State St from Green St (E)
  • Year Built: 1975
  • Attribution Contact: jlbalcome@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Appliances: Gas Oven, Gas Range, Microwave, Refrigerator
  • Has Basement: Full
  • Basement YN: Yes
  • Interior Amenities: Storage
  • Living Area: 2000.0

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Poured
  • Roof: Asphalt

Garage/Parking

  • Parking Features: No Driveway

Utilities

  • Laundry Features: Common Area, Coin-operated
  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Utilities: Sewer Available, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Laundry Facilities

Schools

  • Elementary School: Belle Sherman
  • Junior High Dist: Ithaca

Lot Info

  • Lot Size Sq Ft: 2100.0
  • Parcel #: 500700 69.-6-7

Rental Info

  • Tenant Pays: Electricity, Heat, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 21600.0

Tax Info

  • Tax Annual Amount: 6880.0
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
09/14/2020 09/14/20 Sold $205,000 -4.7% $103 / Sq Ft
08/15/2020 08/15/20 Pending -- -- --
06/08/2020 06/08/20 For Sale $215,000 -- $108 / 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 $8,681 $230,000 $30,000 $200,000
2024 $4,588 $230,000 $30,000 $200,000
2023 $5,034 $230,000 $30,000 $200,000
2022 $7,927 $230,000 $30,000 $200,000
2021 $7,590 $210,000 $30,000 $180,000
2020 $4,744 $210,000 $30,000 $180,000
2019 $5,456 $190,000 $30,000 $160,000
2018 $4,507 $190,000 $30,000 $160,000
2017 $4,268 $175,000 $35,000 $140,000
2016 $4,307 $175,000 $35,000 $140,000
2015 -- $160,000 $35,000 $125,000
2014 -- $160,000 $35,000 $125,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Ithaca Board of REALTORS®

MLS Number: IB402170

Your Personal Tour Guide

Ask me questions while you tour the home.