NOT LISTED FOR SALE

5501 Cold Springs Rd Trumansburg, NY 14886

Estimated Value: $378,794

41.17 Acres
$9,201 Price per Acre
1,793,365 Sq Ft Lot

Last Sold October 05, 2023

Last sale price $325,000

Est. 17% increase in value since last sale

Current estimated payment $2,281/month

287 Days on Market

Highlights

  • Barn
  • 41.17 Acre Lot
  • Shed
  • Charles O. Dickerson High School Rated 9+

About This Lot

As of October 2023

Seller willing to hold financing for qualified buyer for this prestgious 40 plus acres with MUNICIPAL WATER and development potential. Large stocked pond located towards wooded area. Year round running creek, trees: walnut, hard maple, veneer, hickory oak, apple and more. Outbuildings consist of concrete pads, electric and aluminum roofs. Electric runs down the driveway to the midpoint of the property. Financing may be available to qualified buyer. Must see opportunity! Sold AS IS.

Last Agent to Sell the Property

Kathleen Markowski

Warren Real Estate of Ithaca Inc. License #30MA0818780 Listed on: 11/22/2022

Last Buyer's Agent

Kathleen Markowski

Warren Real Estate of Ithaca Inc. License #30MA0818780 Listed on: 11/22/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,575

Lot Details

  • 41.17

Outdoor Features

  • Shed
  • Outbuilding

Schools

  • Trumansburg Elementary School

Utilities

  • Well
  • Septic Tank

Additional Features

  • 41.17 Acre Lot
  • Barn

Listing and Financial Details

  • Assessor Parcel Number 503689 21.-1-2.22

Property Details

Property Type

Land

Est. Annual Taxes

$3,575

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 41.17
  • Directions: Rt. 96, left onto Gold Springs Rd. on left
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Other, See Remarks
  • Other Structures: Barn(s), Outbuilding, Shed(s), Storage

Utilities

  • Sewer: Other, Septic Tank, See Remarks
  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: Public, Well

Schools

  • Elementary School: Trumansburg Elementary
  • Junior High Dist: Trumansburg

Lot Info

  • Lot Size Sq Ft: 1793365.0
  • Parcel #: 503689 21.-1-2.22
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2022
Closed on
Oct 5, 2023
Sold by
Teeter Fmly Devs Llc
Bought by
Cmc Coldsprings Llc
Seller's Agent
Kathleen Markowski
Warren Real Estate of Ithaca Inc.
Buyer's Agent
Kathleen Markowski
Warren Real Estate of Ithaca Inc.
List Price
$395,000
Sold Price
$325,000
Premium/Discount to List
-$70,000
-17.72%
Current Estimated Value
$378,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,794
Avg. Annual Appreciation
7.68%
Original Mortgage
$295,000
Outstanding Balance
$289,318
Interest Rate
7.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$89,476

Purchase Details

Closed on
Aug 12, 2015
Sold by
Cayuga Breeder Farm Llc
Bought by
Teeter Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 2009
Sold by
Cayuga Breeder Farm Llc
Bought by
Clemmens Thomas
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
Cmc Coldsprings Llc $325,000 None Available
Teeter Richard $130,000 Paul Tavelli
Clemmens Thomas $102,000 John J Hughes / Jr
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cmc Coldsprings Llc $295,000
Previous Owner Teeter Richard $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2023 10/05/23 Sold $325,000 -17.7% --
09/05/2023 09/05/23 Pending -- -- --
11/22/2022 11/22/22 For Sale $395,000 -- --
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 $3,575 $160,000 $150,500 $9,500
2023 $3,344 $130,000 $123,000 $7,000
2022 $3,631 $130,000 $123,000 $7,000
2021 $3,816 $130,000 $123,000 $7,000
2020 $6,390 $130,000 $123,000 $7,000
2019 $4,840 $130,000 $123,000 $7,000
2018 $6,529 $130,000 $123,000 $7,000
2017 $2,344 $130,000 $123,000 $7,000
2016 $6,161 $130,000 $123,000 $7,000
2015 -- $150,000 $90,300 $59,700
2014 -- $242,300 $90,300 $152,000
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Markowski

    Seller's Agent in 2023

    Kathleen Markowski

    Warren Real Estate of Ithaca Inc.

    (607) 342-0778

    41 Total Sales

    Kathleen Markowski
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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB407800

APN: 503689-021-000-0001-002-022-0000

New York Tompkins County Trumansburg 14886

5501 Cold Springs Rd, Trumansburg, NY

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