NOT LISTED FOR SALE

5375 New York 89 Romulus, NY 14541

Estimated Value: $1,398,821

2 Beds
1 Bath
1,008 Sq Ft
$1,388/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $420,000 $417 Per Sq Ft

Est. 233% increase in value since last sale

Current estimated payment $7,677/month

470 Days on Market

Highlights

  • Lake Front
  • Wood Flooring
  • The river is a source of water for the property
  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

As of January 2021

Open Floor Plan Cayuga Lake cottage with heat and air conditioning,you can live here year road or extended season.Large wrap deck allows the owner to have a panoramic view of the east shore of Cayuga Lake.Caterdral Ceilings in Living Room.The largest bedroom has a door to the front deck and private setting area. With 204' of lake frontage and surrounding mature trees,this home has a very private feel.Under Cottage has two railway systems for boats, accessed by 3 overhead doors.The lower level also houses all the mechanicals.Move-in ready for next owner.Easy drive to Ithaca,on Cayuga Wine Trail

Last Agent to Sell the Property

Vicki Schamel

Keller Williams Realty (Stfl) Brokerage Email: vickischamel@kw.com License #30SC046701 Listed on: 09/03/2019

Keller Williams Realty (Stfl)

Last Buyer's Agent

Linda Hirvonen

Warren Real Estate of Ithaca Inc. License #30HI0646949

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $657

Year Built

  • Built in 1991

Lot Details

  • 2.5 Acre Lot
  • Lake Front

Home Design

  • Ranch Style House
  • Cottage
  • Block Foundation
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 1,008 Sq Ft Home
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Romulus Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • The river is a source of water for the property
  • The lake is a source of water for the property
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 15-1-06.1

Home Details

Home Type

Single Family

Est. Annual Taxes

$657

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.5
  • Water Body Name: Cayuga
  • Directions: From Watkins Glen take NYS RT 414 30 Miles to Ernsberger Road, Turn Right go to the end of the road and turn right onto Route 89 cottage is on the left. From Ithaca, Take Rt 89 North 29 miles towards Ernsberger Road Cottage is on righ
  • Architectural Style: Cottage, Ranch
  • Year Built: 1991
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: vickischamel@kw.com
  • Special Features: VirtualTour

Interior Features

  • Appliances: Exhaust Fan, Microwave, Refrigerator, Range Hood
  • Has Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Hardwood, Varies
  • Living Area: 1008.0

Exterior Features

  • Lot Features: Lake Front
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Block

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Lake, River

Schools

  • Elementary School: Romulus Elementary
  • Junior High Dist: Romulus

Lot Info

  • Lot Size Sq Ft: 108900.0
  • Parcel #: 15-1-06.1
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2021
Sold by
Knapp Farms Inc
Bought by
Seenca Cove Inc
Current Estimated Value
$1,398,821

Purchase Details

Listed on
Sep 3, 2019
Closed on
Jan 13, 2021
Sold by
Knapp Farms Inc
Bought by
Paolangeli Michael and Paolangeli Ashley
Seller's Agent
Vicki Schamel
Keller Williams Realty (Stfl)
Buyer's Agent
Linda Hirvonen
Warren Real Estate of Ithaca Inc.
List Price
$450,000
Sold Price
$420,000
Premium/Discount to List
-$30,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.82%
Original Mortgage
$357,000
Interest Rate
2.67%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Seenca Cove Inc $1,115,000 None Available
Paolangeli Michael $420,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seneca Cove Inc $1,700,000
Previous Owner Paolangeli Michael $357,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $420,000 -6.7% $417 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
09/03/2019 09/03/19 For Sale $450,000 -- $446 / 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 $657 $141,300 $141,300 $0
2023 -- $141,300 $141,300 $0
2022 $0 $141,300 $141,300 $0
2021 $4,559 $141,300 $141,300 $0
2020 $4,559 $574,700 $520,100 $54,600
2019 $4,559 $574,700 $520,100 $54,600
2018 $13,570 $574,700 $520,100 $54,600
2017 $13,214 $574,700 $520,100 $54,600
2016 $13,365 $574,700 $520,100 $54,600
2015 -- $574,700 $520,100 $54,600
2014 -- $574,700 $520,100 $54,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB400519

APN: 453600-015-000-0001-006-001-0000