Seller's Agent in 2023
Carol Bushberg
Warren Real Estate of Ithaca Inc. (Downtown)
(607) 279-4530
135 Total Sales
508 University Ave Ithaca, NY 14850
Studio
--
Bath
2,452
Sq Ft
6,970
Sq Ft Lot
Highlights
- Ceiling Fan
- Baseboard Heating
- Coin Laundry
- Boynton Middle School Rated A-
About This Home
As of November 2023This house was built as a rooming house and income property by Evelyn Powelson, who lived at 504 University. This house has 5 units, legal for 12 unrelated tenants. Owner working on new C of C, including fresh electrical cert. Gross income is $81,200 includ. $2k annually from 2 washers and 3 dryers in laundry. Tenants in neighboring bldgs also use laundry machines. 2 Navien combo boilers/hot water heaters; one serves ground floor apt and the other heats the other units.One of the Naviens makes hot water for the laundry. Seller pays for all heat and hot water, including laundry. 2 units on main level pay their own electric, but landlord pays all other electricity. Apts are provided partially furnished; seller to provide inventory of furniture and appliances.
Last Agent to Sell the Property
Warren Real Estate of Ithaca Inc. (Downtown) License #10301223410 Listed on: 06/16/2023
Last Buyer's Agent
Warren Real Estate of Ithaca Inc. (Downtown) License #10301223410 Listed on: 06/16/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,100
Year Built
- Built in 1895
Lot Details
- 6,970 Sq Ft Lot
Home Design
- Stone Foundation
- Frame Construction
- Asphalt Roof
Interior Spaces
- 2,452 Sq Ft Home
- Ceiling Fan
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Car Garage
- Parking Available
- No Driveway
- On-Street Parking
- Off-Site Parking
Schools
- Fall Creek Elementary School
- Boynton Middle School
Utilities
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- Separate Meters
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 500700 32.-2-1
Community Details
Overview
- 4 Units
- University Hill Historic Subdivision
Amenities
- Coin Laundry
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/08/2023 11/08/23 | Sold | $607,000 | -5.0% | $248 / Sq Ft |
| 10/09/2023 10/09/23 | Pending | -- | -- | -- |
| 06/16/2023 06/16/23 | For Sale | $639,000 | -- | $261 / Sq Ft |
Source: Ithaca Board of REALTORS®
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 | $10,207 | $500,000 | $65,000 | $435,000 |
| 2023 | $10,308 | $460,000 | $65,000 | $395,000 |
| 2022 | $16,245 | $460,000 | $65,000 | $395,000 |
| 2021 | $15,908 | $440,000 | $65,000 | $375,000 |
| 2020 | $10,126 | $440,000 | $65,000 | $375,000 |
| 2019 | $49 | $400,000 | $65,000 | $335,000 |
| 2018 | $9,656 | $400,000 | $65,000 | $335,000 |
| 2017 | $9,062 | $365,000 | $35,000 | $330,000 |
| 2016 | $9,144 | $365,000 | $35,000 | $330,000 |
| 2015 | -- | $350,000 | $35,000 | $315,000 |
| 2014 | -- | $350,000 | $35,000 | $315,000 |
Source: Public Records
Agents Affiliated with this Home
-
Carol Bushberg
Map
Source: Ithaca Board of REALTORS®
MLS Number: IB408818
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