NOT LISTED FOR SALE

527 Spencer Rd Ithaca, NY 14850

Spencer Road Neighborhood

Estimated Value: $271,000 - $406,000

6 Beds
3 Baths
3,072 Sq Ft
$105/Sq Ft Est. Value

Last Sold August 02, 2024

Last sale price $255,000 $83 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,120/month

141 Days on Market

Highlights

  • 1.13 Acre Lot
  • Deck
  • Wooded Lot
  • South Hill School Rated A-
  • Property is near public transit
  • Cathedral Ceiling

About This Home

As of August 2024

You have to see this property. Living here is like being in the country with over an acre lot and surrounded by woods with walking trails right behind the lot, South Hill location between Ithaca College and Cornell University, yet close to downtown and the business district. It will appeal to a family that can live in a two bedroom apartment and rent out the 4 Bedroom side to students from nearby schools or a family needing four bedrooms that could use a little extra income to smooth the way. Independent electrical meters. All electric heat to satisfy the State of NY which doesn't seem to be fond of gas any more. Schedule a showing with your favorite REALTOR at the earliest opportunity. Vacant, so showing is easy, Basics are good. Driveway maintenance and snow removal is shared with two other houses on the hillside. In one word: Unique. In two: Easily affordable. See it soon. Must be bought as a two family dwelling. Selling in as is condition, Cash or rehab financing will work.

Last Agent to Sell the Property

Kenneth Benedict

Ken Benedict R.E. & Appraisals License #37BE0901865 Listed on: 01/16/2024

Last Buyer's Agent

Jamie Jones

Howard Hanna S Tier Inc License #10401338751

Howard Hanna S Tier Inc

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,823

Year Built

  • Built in 1988

Lot Details

  • Lot Dimensions are 250x196
  • Wooded Lot

Parking

  • 2 Car Garage
  • Common or Shared Parking

Home Design

  • Semi-Detached or Twin Home
  • Fixer Upper
  • Block Foundation
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Asphalt Roof
  • Copper Plumbing
  • Cedar

Interior Spaces

  • 3,072 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • 1 Fireplace
  • Thermal Windows
  • Sliding Doors
  • Storage
  • Washer Hookup
  • Finished Basement
  • Crawl Space

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Balcony
  • Deck
  • Patio

Schools

  • South Hill Elementary School
  • Boynton Middle School
  • Ithaca Senior High School

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Accessible Doors
  • Property is near public transit

Community Details

  • Association fees include snow removal, water
  • 2 Units

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 500700-124-000-0002-006-001-0000

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,823

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Semi-Detached
  • Prop. Type: Residential
  • Lot Size Acres: 1.1272
  • Lot Size: 250X196
  • Directions: Spencer Road, turn at the Salvation Army or at the quick fill gas station, go to 527 (there is a sign). Go up the driveway that serves 2 other houses and you will find 527 straight ahead at the top of the driveway. Lockbox is on B
  • Architectural Style: Duplex
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Existing
  • Year Built: 1988
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Semi-Detached
  • Special Features: RealEstateOwned
  • Stories: 2
  • Year Built: 1988

Interior Features

  • Appliances: Electric Water Heater
  • Accessibility Features: Accessible Doors
  • Has Basement: Crawl Space, Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Door Features: Sliding Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Resilient, Varies
  • Interior Amenities: Ceiling Fan(s), Cathedral Ceiling(s), Sliding Glass Door(s), Storage, Skylights
  • Living Area: 3072.0
  • Stories: 2
  • Window Features: Skylight(s), Thermal Windows

Exterior Features

  • Lot Features: Irregular Lot, Near Public Transit, Wooded
  • Waterfront: No
  • Construction Type: Cedar, Frame, Copper Plumbing
  • Exterior Features: Balcony, Deck, Patio
  • Foundation Details: Block
  • Patio And Porch Features: Balcony, Deck, Patio
  • Property Condition: Resale, Fixer
  • Roof: Asphalt, Pitched, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Common, Garage, Gravel, Two or More Spaces

Utilities

  • Laundry Features: Washer Hookup
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Snow Removal, Water

Schools

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

Lot Info

  • Lot Size Sq Ft: 49100.0
  • Parcel #: 500700-124-000-0002-006-001-0000
  • Zoning Description: Residential 2 Unit
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5823.0
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2017
Sold by
Mcarthy Esq
Bought by
The Bank Of New York Mellon F/K/A The Bank Of
Current Estimated Value
$323,496

Purchase Details

Closed on
Jan 21, 1998
Sold by
Riley Mary Mccall
Bought by
Nemcek Richard T and Nemcek Madeline E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Bank Of New York Mellon F/K/A The Bank Of $133,847 Leopold & Assoc, Llp
Nemcek Richard T $95,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2024 08/02/24 Sold $255,000 -3.7% $83 / Sq Ft
06/08/2024 06/08/24 Pending -- -- --
05/03/2024 05/03/24 Price Changed $264,900 -3.6% $86 / Sq Ft
01/19/2024 01/19/24 For Sale $274,900 -- $89 / 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 $5,160 $255,000 $74,500 $180,500
2023 $4,899 $220,000 $74,500 $145,500
2022 $7,186 $200,000 $74,500 $125,500
2021 $7,186 $200,000 $74,500 $125,500
2020 $5,333 $200,000 $74,500 $125,500
2019 $8,334 $300,000 $74,500 $225,500
2018 $7,141 $300,000 $74,500 $225,500
2017 $6,730 $275,000 $51,000 $224,000
2016 $6,792 $275,000 $51,000 $224,000
2015 -- $250,000 $51,000 $199,000
2014 -- $250,000 $51,000 $199,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Kenneth Benedict

    Ken Benedict R.E. & Appraisals

    Section Image
  • Jamie Jones

    Buyer's Agent in 2024

    Jamie Jones

    Howard Hanna S Tier Inc

    (607) 279-8847

    1 in this area

    59 Total Sales

    Jamie Jones
    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: R1517694

APN: 500700-124-000-0002-006-001-0000

New York Tompkins County Ithaca 14850 Spencer Road

527 Spencer Rd, Ithaca, NY

Not Listed for Sale

Townhouses

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