NOT LISTED FOR SALE

505 N Aurora St Ithaca, NY 14850

Fall Creek Neighborhood

Estimated Value: $354,000 - $456,000

3 Beds
2 Baths
2,178 Sq Ft
$189/Sq Ft Est. Value

Last Sold November 18, 2021

Last sale price $365,000 $168 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,428/month

92 Days on Market

Highlights

  • Hot Water Heating System
  • Boynton Middle School Rated A-
  • 5-minute walk to Thompson Park

About This Home

As of November 2021

Lots of potential here! In the heart of Fall Creek, this Duplex and Carriage House are ready for an Owner Occupied makeover, or an Investor with a keen eye! That being said, this property is being sold As Is. Only 1 of 3 potential units is currently occupied, allowing for flexible owner occupancy and income potential. The duplex does have a CofC and the upstairs is partially occupied on a month to month basis. The downstairs is available for new or owner occupancy. The carriage house does not have a CofC and is gutted of sheetrock, however does still have all the classic oak woodwork in place, and could be renovated with some efficiency.

Last Agent to Sell the Property

Ishka J Alpern

Flatiron Management Brokerage Email: ishkaj@gmail.com License #10491209648 Listed on: 07/19/2021

Last Buyer's Agent

Ishka J Alpern

Flatiron Management Brokerage Email: ishkaj@gmail.com License #10491209648 Listed on: 07/19/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,824

Year Built

  • Built in 1910

Lot Details

  • 5,825 Sq Ft Lot
  • Lot Dimensions are 50x55

Parking

  • No Driveway

Home Design

  • 2,178 Sq Ft Home
  • Poured Concrete
  • Frame Construction
  • Asphalt Roof

Kitchen

  • Electric Oven
  • Electric Range

Basement

  • Basement Fills Entire Space Under The House
  • Dirt Floor

Schools

  • Fall Creek Elementary School
  • Boynton Middle School

Utilities

  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 46.-4-17.1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,824

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.1337
  • Lot Size: 50X55
  • Directions: Heading South on Aurora st between Marshall and Farm streets there are intermittent public street parking spaces on your right. 505-507 is toward the South/Eastern corner of the block. Also, there is a 4 space parking lot in the fire
  • Year Built: 1910
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: ishkaj@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Has Basement: Dirt Floor, Full
  • Basement YN: Yes
  • Living Area: 2178.0

Exterior Features

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

Garage/Parking

  • Parking Features: No Driveway

Utilities

  • Heating: Hot Water
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Elementary School: Fall Creek Elementary
  • Junior High Dist: Ithaca
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Lot Size Sq Ft: 5825.0
  • Parcel #: 46.-4-17.1
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2021
Closed on
Nov 18, 2021
Sold by
Mccary Ian
Bought by
Macdonald Trevor
Seller's Agent
Ishka J Alpern
Flatiron Management
Buyer's Agent
Ishka J Alpern
Flatiron Management
List Price
$395,000
Sold Price
$365,000
Premium/Discount to List
-$30,000
-7.59%
Current Estimated Value
$412,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,069
Avg. Annual Appreciation
3.18%
Original Mortgage
$300,000
Outstanding Balance
$274,898
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$137,171
Source: Public Records

Range of Values:

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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
Macdonald Trevor $365,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macdonald Trevor $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2021 11/18/21 Sold $365,000 -7.6% $168 / Sq Ft
10/19/2021 10/19/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $395,000 -- $181 / 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 $2,824 $83,000 $59,000 $24,000
2023 $1,868 $83,000 $59,000 $24,000
2022 $2,757 $75,000 $59,000 $16,000
2021 $2,757 $75,000 $59,000 $16,000
2020 $1,778 $75,000 $59,000 $16,000
2019 $1,443 $75,000 $59,000 $16,000
2018 $1,814 $75,000 $59,000 $16,000
2017 $1,861 $75,000 $20,500 $54,500
2016 $392 $110,000 $20,500 $89,500
2015 -- $100,000 $20,500 $79,500
2014 -- $100,000 $20,500 $79,500
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2021

    Ishka J Alpern

    Flatiron Management

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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB404957

APN: 500700-046-000-0004-017-002-0000

New York Tompkins County Ithaca 14850 Fall Creek

505 N Aurora St, Ithaca, NY

This home is located at 505 N Aurora St, Ithaca, NY 14850 since 19 July 2021 and is currently estimated at $412,069, approximately $189 per square foot. This property was built in 1910. 505 N Aurora St is a home located in Tompkins County with nearby schools including Fall Creek Elementary School, Boynton Middle School, and Ithaca Senior High School.

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