NOT LISTED FOR SALE

509 S Aurora St Ithaca, NY 14850

South Hill Neighborhood

Estimated Value: $511,000 - $594,744

7 Beds
3 Baths
2,752 Sq Ft
$202/Sq Ft Est. Value

Last Sold April 10, 2023

Last sale price $505,000 $184 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,320/month

358 Days on Market

Highlights

  • Lake Front
  • Furnished
  • Walk-Up Access
  • South Hill School Rated A-
  • Ceiling Fan
  • Heating System Uses Gas

About This Home

As of April 2023

A 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

Andrew Schreck

Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Email: schrecky@warrenhomes.com License #10401361299 Listed on: 03/18/2022

Last Buyer's Agent

Linda Santos

Warren Real Estate of Ithaca Inc. (Downtown) License #40SA1150031

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,864

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.1148
  • Lot Size: 50X100
  • Directions: From downtown Ithaca, head up S. Aurora Street (96B). Blue house on the left right before Hillview traffic light. Driveway on right of house
  • Year Built: 1890
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: schrecky@warrenhomes.com
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Oven, Gas Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Full, Walk-Up Access, Walk-Out Access
  • Basement YN: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 2752.0

Exterior Features

  • Lot Features: Lake Front
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Frame
  • Foundation Details: Block
  • Roof: Asphalt

Garage/Parking

  • Parking Features: Common

Utilities

  • Cooling: Separate Meters
  • Heating: Gas, Separate Meters
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Elementary School: South Hill
  • Junior High Dist: Ithaca

Lot Info

  • Lot Size Sq Ft: 5000.0
  • Parcel #: 92.-6-11
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Heat, Water

Multi Family

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

Tax Info

  • Tax Annual Amount: 13864.0

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
$554,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,936
Avg. Annual Appreciation
2.47%
Original Mortgage
$404,000
Outstanding Balance
$393,700
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$142,327

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
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
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 Change Sq Ft Price
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

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 $16,373 $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

  • A

    Seller's Agent in 2023

    Andrew Schreck

    Warren Real Estate of Ithaca Inc. (Downtown)

    (585) 802-7827

    4 in this area

    32 Total Sales

    Andrew Schreck
    Section Image

  • L

    Buyer's Agent in 2023

    Linda Santos

    Warren Real Estate of Ithaca Inc. (Downtown)

    (607) 227-6062

    6 in this area

    88 Total Sales

    Linda Santos
    Section Image
See All Agents

Map

Source: Ithaca Board of REALTORS®

MLS Number: IB406141

APN: 500700-092-000-0006-011-000-0000

New York Tompkins County Ithaca 14850 South Hill

509 S Aurora St, Ithaca, NY

This home is located at 509 S Aurora St, Ithaca, NY 14850 since 18 March 2022 and is currently estimated at $554,936, approximately $201 per square foot. This property was built in 1890. 509 S Aurora St is a home located in Tompkins County with nearby schools including South Hill School, Boynton Middle School, and Ithaca Senior High School.

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