NOT LISTED FOR SALE

509 S Cayuga St Ithaca, NY 14850

South Hill Neighborhood
-- Bed
-- Bath
3,424 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: June 23, 2021

Last sale price $440,000 $129 Per Sq Ft

42 Days on Market

Highlights

  • Forced Air Heating System
  • South Hill School Rated A-
  • Laundry Facilities

About This Home

As of June 2021

Downtown living with income! Just a few blocks to the center of Ithaca and close to restaurants, shopping, parks, Six Mile Creek, bus line and all the conveniences that the City of Ithaca offers. Spacious 4 bedroom main floor with almost 1900 square feet plus two large 1 bedroom apartments. Main unit has spacious rooms, family room, living room, versatile space for dining room, high ceilings and hardwood floors. Covered front porch, stone patio and a large yard. Upstairs offers two well sized and desirable 1 bedroom apartments. Fully rented. Location appeals to local, Cornell and Ithaca College rental markets. R-3b zoning. Separate heating and electric meters for each unit. Common laundry area. Full walk up attic can provide many options for additional use. Currently a 3 unit income producing rental property but could also be owner occupied with 2 rental units.Owner Financingis available to qualified buyers. Well maintained with updates over time and a very convenient location!

Last Agent to Sell the Property

Steven Saggese

Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Email: steve@ithacahomefinder.com License #30SA0532613 Listed on: 04/11/2021

Last Buyer's Agent

Audra Bartlett

Howard Hanna S Tier Inc License #10401326144

Property Details

Home Type

  • Multi-Family

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60x150

Parking

  • No Driveway

Home Design

  • 3,424 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Asphalt Roof

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher

Basement

  • Walk-Out Basement
  • Partial Basement

Schools

  • South Hill Elementary School
  • Boynton Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 3 Units
  • Laundry Facilities
  • Gross Income $52,980

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 92-10-13

Property Details

Home Type

Multi-Family

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Lot Size: 60X150
  • Directions: Just past the intersection of South Cayuga and Spencer Street
  • Attribution Contact: steve@ithacahomefinder.com
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator
  • Has Basement: Partial, Walk-Out Access
  • Basement YN: Yes
  • Living Area: 3424.0

Exterior Features

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

Garage/Parking

  • Parking Features: No Driveway

Utilities

  • Laundry Features: Common Area
  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Elementary School: South Hill
  • Junior High Dist: Ithaca
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Lot Size Sq Ft: 8712.0
  • Parcel #: 92-10-13

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Gross Income: 52980.0

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
Apr 11, 2021
Closed on
Jun 23, 2021
Sold by
Bought by
Seller's Agent
Steven Saggese
Warren Real Estate of Ithaca Inc. (Downtown)
Buyer's Agent
Audra Bartlett
Howard Hanna S Tier Inc
List Price
$425,000
Sold Price
$440,000
Premium/Discount to List
$15,000
3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Interest Rate
0.029%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2001
Sold by
Bought by
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
$440,000 None Available
$102,500 Mazza & Mazza
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 $374,000
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
06/23/2021 06/23/21 Sold $440,000 +3.5% $129 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
04/11/2021 04/11/21 For Sale $425,000 -- $124 / 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 $10,127 $300,000 $60,000 $240,000
2024 $6,124 $300,000 $60,000 $240,000
2023 $6,702 $300,000 $60,000 $240,000
2022 $10,566 $300,000 $60,000 $240,000
2021 $10,229 $280,000 $60,000 $220,000
2020 $6,404 $280,000 $60,000 $220,000
2019 $7,248 $250,000 $60,000 $190,000
2018 $6,028 $250,000 $60,000 $190,000
2017 $5,702 $230,000 $35,000 $195,000
2016 $5,754 $230,000 $35,000 $195,000
2015 -- $210,000 $35,000 $175,000
2014 -- $210,000 $35,000 $175,000
Source: Public Records

Agents Affiliated with this Home

  • Steven Saggese

    Seller's Agent in 2021

    Steven Saggese

    Warren Real Estate of Ithaca Inc. (Downtown)

    (607) 280-4350

    18 in this area

    255 Total Sales

    Steven Saggese
    Section Image

  • A

    Buyer's Agent in 2021

    Audra Bartlett

    Howard Hanna S Tier Inc

See All Agents

Map

Source: Ithaca Board of REALTORS®

MLS Number: IB404137

New York Tompkins County Ithaca 14850 South Hill

509 S Cayuga St, Ithaca, NY

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