NOT LISTED FOR SALE

545 Spencer Rd Unit 47 Ithaca, NY 14850

Spencer Road Neighborhood

Estimated Value: $316,000 - $361,750

8 Beds
2 Baths
2,916 Sq Ft
$117/Sq Ft Est. Value

Last Sold August 30, 2021

Last sale price $266,000 $91 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,749/month

78 Days on Market

Highlights

  • 0.69 Acre Lot
  • South Hill School Rated A-
  • Forced Air Heating System

About This Home

As of August 2021

Looking for turn-key short term rental cash cow? Welcome to the Downtown Ithaca Hideout! This spacious side by side duplex sits on an oversized lot bordering the buttermilk nature trail. Many improvements and very strong rental income. Newly rebuilt front porch with added privacy fence and new retaining wall. Conveniently located on the bus route and close to downtown shopping. Less than 3 miles from Cornell or IC. Solid owner occupy or investment opportunity. Each unit features 4 bedrooms and 1 bathroom with a private yard. Zoned for 3 unrelated each side. Endless opportunities and loads of potential. Currently both sides are being run as short term rentals, more info available at https://abnb.me/AgCVFsoj7gb. Rental management and furnishings are avilable to the new owner. Current management team has great host reviews on AirBnb.

Last Agent to Sell the Property

Christopher Kusznir

Key Brokers Brokerage Email: Chris@MyKeyBrokers.com License #10491206761 Listed on: 05/14/2021

Last Buyer's Agent

Terri Starr

Howard Hanna S Tier Inc License #10401327833

Howard Hanna S Tier Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,038

Year Built

  • Built in 1900

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 140x214

Parking

  • No Driveway

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 2,916 Sq Ft Home
  • Crawl Space

Kitchen

  • Gas Oven
  • Gas Range
  • Freezer

Schools

  • Fall Creek Elementary School
  • Boynton Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 500700 124.-2-4

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,038

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.69
  • Lot Size: 140X214
  • Year Built: 1900
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: Chris@MyKeyBrokers.com
  • Special Features: VirtualTour

Interior Features

  • Appliances: Freezer, Gas Oven, Gas Range, Refrigerator
  • Has Basement: Crawl Space
  • Living Area: 2916.0

Exterior Features

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

Garage/Parking

  • Parking Features: No Driveway

Utilities

  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Elementary School: Fall Creek Elementary
  • Junior High Dist: Ithaca
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Lot Size Sq Ft: 30056.0
  • Parcel #: 500700 124.-2-4
  • ResoLotSizeUnits: Acres

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2021
Closed on
Aug 30, 2021
Sold by
Kusznir Chris and Figueroa George
Bought by
Godshall Derek K and Godshall Amy N
Seller's Agent
Christopher Kusznir
Key Brokers
Buyer's Agent
Terri Starr
Howard Hanna S Tier Inc
List Price
$279,900
Sold Price
$266,000
Premium/Discount to List
-$13,900
-4.97%
Current Estimated Value
$346,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,180
Avg. Annual Appreciation
9.06%
Original Mortgage
$216,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 2006
Sold by
Edwards Donald E & As Ind & P
Bought by
Kusznir Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2002
Sold by
Carlson Gary P
Bought by
Edwards Donald E
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
Godshall Derek K $270,000 None Available
Kusznir Chris $161,500 Joseph Allen
Edwards Donald E $65,000 Steven Bowman
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Godshall Derek K $216,000
Previous Owner Kusznir Chris $137,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2021 08/30/21 Sold $266,000 -5.0% $91 / Sq Ft
07/31/2021 07/31/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $279,900 -- $96 / 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 $10,038 $315,000 $65,300 $249,700
2023 $6,557 $297,000 $65,300 $231,700
2022 $9,445 $270,000 $65,300 $204,700
2021 $9,276 $260,000 $65,300 $194,700
2020 $5,823 $260,000 $65,300 $194,700
2019 $5,689 $220,000 $65,300 $154,700
2018 $5,267 $220,000 $65,300 $154,700
2017 $4,564 $185,000 $41,600 $143,400
2016 $4,605 $185,000 $41,600 $143,400
2015 -- $170,000 $41,600 $128,400
2014 -- $170,000 $41,600 $128,400
Source: Public Records

Agents Affiliated with this Home

  • Christopher Kusznir

    Seller's Agent in 2021

    Christopher Kusznir

    Key Brokers

    (607) 279-5967

    2 in this area

    24 Total Sales

    Section Image
  • Terri Starr

    Buyer's Agent in 2021

    Terri Starr

    Howard Hanna S Tier Inc

    (607) 220-4555

    1 in this area

    118 Total Sales

    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB404404

APN: 500700-124-000-0002-004-000-0000

New York Tompkins County Ithaca 14850 Spencer Road

545 Spencer Rd Unit 47, Ithaca, NY

This home is located at 545 Spencer Rd Unit 47, Ithaca, NY 14850 since 14 May 2021 and is currently estimated at $340,438, approximately $116 per square foot. This property was built in 1900. 545 Spencer Rd Unit 47 is a home located in Tompkins County with nearby schools including South Hill School, Boynton Middle School, and Ithaca Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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