A
Seller's Agent in 2023
Andrew Schreck
Warren Real Estate of Ithaca Inc. (Downtown)
(585) 802-7827
4 in this area
37 Total Sales
509 S Aurora St Ithaca, NY 14850
South Hill NeighborhoodEstimated Value: $574,257
7
Beds
3
Baths
2,752
Sq Ft
$209/Sq Ft
Est. Value
Highlights
- Lake Front
- Furnished
- Walk-Up Access
- South Hill School Rated A-
- Ceiling Fan
- Heating System Uses Gas
About This Home
As of April 2023A special opportunity to own a 3 unit property on Ithaca's South Hill. Located just a short walk from downtown Ithaca and 5 minute drive to Ithaca College and Cornell make it accommodable to anyone's needs. Apartment 1 is a 2 bedroom with a new kitchen and bath. The bedrooms are spacious with ceiling fans and hardwood floors. Apartment 2 is a 3 bedroom with new kitchen and beautiful natural light throughout. Apartment 3 is a 2 bedroom with hardwood floors and a breathtaking lake view! Each unit has its own furnace, hot water heater and washer/dryer. The house has a new water line from the road, new siding, new roof and new paved driveway. This property has been very well maintained, has always had a 100% occupancy and will be bringing in over $61k in 2022 with 2 apartments rented through July 2023! Tenants pay all utilities and plenty of off-street parking make this a must see for any investor. Please reference mls # 406115 is same owner and willing to sell as package.
Last Agent to Sell the Property
Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Email: schrecky@warrenhomes.com License #10401361299 Listed on: 03/18/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,864
Year Built
- Built in 1890
Lot Details
- 5,000 Sq Ft Lot
- Lot Dimensions are 50x100
- Lake Front
Parking
- Common or Shared Parking
Home Design
- Block Foundation
- Frame Construction
- Asphalt Roof
Interior Spaces
- 2,752 Sq Ft Home
- Furnished
- Ceiling Fan
Kitchen
- Gas Oven
- Gas Range
- Range Hood
- Recirculated Exhaust Fan
- Dishwasher
Laundry
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
- Exterior Basement Entry
Schools
- South Hill Elementary School
Utilities
- Heating System Uses Gas
- Separate Meters
Community Details
- 3 Units
Listing and Financial Details
- Tenant pays for electricity, heat, water
- Assessor Parcel Number 92.-6-11
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 18, 2022
Closed on
Apr 10, 2023
Sold by
Schreck Andrew H
Bought by
Slate Road Llc
Seller's Agent
Andrew Schreck
Warren Real Estate of Ithaca Inc. (Downtown)
Buyer's Agent
Linda Santos
Warren Real Estate of Ithaca Inc. (Downtown)
List Price
$525,000
Sold Price
$505,000
Premium/Discount to List
-$20,000
-3.81%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,257
Avg. Annual Appreciation
4.80%
Original Mortgage
$404,000
Outstanding Balance
$392,874
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$181,383
Purchase Details
Closed on
Dec 28, 2018
Sold by
Brolo Properties Llc
Bought by
Schreck Andrew H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.8%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 19, 2018
Sold by
Schreck Robert R
Bought by
Brolo Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.8%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 24, 2010
Sold by
Bayo Richard
Bought by
Schreck Robert R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4.48%
Mortgage Type
Unknown
Purchase Details
Closed on
Apr 17, 2006
Sold by
Bayo Richard & As Ind & P
Bought by
Bayo Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.28%
Mortgage Type
Unknown
Purchase Details
Closed on
Jun 10, 2005
Sold by
Fenton Vern E
Bought by
Bayo Richard
Purchase Details
Closed on
Jan 21, 1997
Purchase Details
Closed on
Aug 24, 1995
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Slate Road Llc | $505,000 | None Available | |
| Schreck Andrew H | $400,000 | -- | |
| Brolo Properties Llc | -- | -- | |
| Schreck Robert R | $250,000 | Ed Mazza | |
| Bayo Richard | -- | Katrina Thaler Medeiros | |
| Bayo Richard | $240,000 | Katrina Medeiros | |
| -- | -- | -- | |
| -- | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Slate Road Llc | $404,000 | |
| Previous Owner | Schreck Andrew H | $320,000 | |
| Previous Owner | Brolo Properties Llc | $320,000 | |
| Previous Owner | Schreck Robert R | $187,500 | |
| Previous Owner | Bayo Richard | $175,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/10/2023 04/10/23 | Sold | $505,000 | -3.8% | $184 / Sq Ft |
| 03/11/2023 03/11/23 | Pending | -- | -- | -- |
| 03/18/2022 03/18/22 | For Sale | $525,000 | -- | $191 / Sq Ft |
Source: Ithaca Board of REALTORS®
Tax History Compared to Growth
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 | $10,140 | $505,000 | $45,000 | $460,000 |
| 2023 | $10,708 | $486,000 | $45,000 | $441,000 |
| 2022 | $15,571 | $450,000 | $45,000 | $405,000 |
| 2021 | $15,066 | $420,000 | $45,000 | $375,000 |
| 2020 | $9,358 | $420,000 | $45,000 | $375,000 |
| 2019 | $9,567 | $350,000 | $45,000 | $305,000 |
| 2018 | $8,369 | $350,000 | $45,000 | $305,000 |
| 2017 | $7,748 | $315,000 | $27,000 | $288,000 |
| 2016 | $7,819 | $315,000 | $27,000 | $288,000 |
| 2015 | -- | $275,000 | $27,000 | $248,000 |
| 2014 | -- | $275,000 | $27,000 | $248,000 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Schreck
-
Linda Santos
L
Buyer's Agent in 2023
Linda Santos
Warren Real Estate of Ithaca Inc. (Downtown)
(607) 227-6062
5 in this area
85 Total Sales
Map
Source: Ithaca Board of REALTORS®
MLS Number: IB406141
APN: 500700-092-000-0006-011-000-0000
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