NOT LISTED FOR SALE

509 S Aurora St Ithaca, NY 14850

South Hill Neighborhood

Estimated Value: $417,000 - $582,000

7 Beds
3 Baths
2,752 Sq Ft
$191/Sq Ft Est. Value

Sale Details

Date Sold: April 10, 2023

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

Est. 4% increase in value since last sale

Current estimated payment $3,397 / mo

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
  • Gross Income $61,800

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

5,000 Sq Ft Lot

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
  • 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

Rental Info

  • Tenant Pays: Electricity, Heat, Water

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Gross Income: 61800.0

Tax Info

  • Tax Annual Amount: 13864.0

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2022
Closed on
Apr 10, 2023
Sold by
Bought by
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
$526,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,735
Avg. Annual Appreciation
1.31%
Original Mortgage
$404,000
Interest Rate
0.0665%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 2018
Sold by
Bought by

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
0.048%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 19, 2018
Sold by
Bought by

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
0.048%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 24, 2010
Sold by
Bought by

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
0.0448%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 17, 2006
Sold by
Bought by

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
0.0628%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 10, 2005
Sold by
Bought by

Purchase Details

Closed on
Jan 21, 1997

Purchase Details

Closed on
Aug 24, 1995
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$505,000 None Available
$400,000 --
-- --
$250,000 Ed Mazza
-- Katrina Thaler Medeiros
$240,000 Katrina Medeiros
-- --
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $404,000
Previous Owner $320,000
Previous Owner $320,000
Closed $187,500
Closed $175,000
Source: Public Records

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
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

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 $17,417 $505,000 $45,000 $460,000
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

  • A

    Seller's Agent in 2023

    Andrew Schreck

    Warren Real Estate of Ithaca Inc. (Downtown)

    (585) 802-7827

    5 in this area

    47 Total Sales

    Andrew Schreck
    Section Image

  • L

    Buyer's Agent in 2023

    Linda Santos

    Warren Real Estate of Ithaca Inc. (Downtown)

    (607) 227-6062

    5 in this area

    83 Total Sales

    Linda Santos
    Section Image
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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

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