NOT LISTED FOR SALE

6470 Timberlake Terrace Ovid, NY 14521

Estimated Value: $648,000 - $1,865,000

9.4 Acres
$131,560 Price per Acre
409,464 Sq Ft Lot

Last Sold February 23, 2022

Last sale price $1,000,000 $159 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,040/month

71 Days on Market

Highlights

  • Beach Access
  • Views
  • The river is a source of water for the property
  • Wooded Lot
  • Baseboard Heating
  • High Speed Internet

About This Lot

As of February 2022

In the Heart of wine country on beautiful Cayuga Lake. Prime setting for new development with 9.4 acres with lake views and 681' of waterfront. Prime location for mid-lake marina, and cabin/cottages, or other development being at the centrally located between Ithaca and Seneca Falls, and across the lake from Aurora. Includes four 3 bedroom Townhouses with private metered water supply, and electric in place for future expansion. A rare opportunity!

Last Agent to Sell the Property

Timothy Spooner

Listing by Four Seasons Sotheby's Int'l License #10301216094 Listed on: 08/18/2021

Four Seasons Sotheby's Int'l

Last Buyer's Agent

Non MLS

Listing by Non MLS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $30,111

Year Built

  • Built in 1974

Lot Details

  • 9.4 Acre Lot
  • Lot Dimensions are 681x608
  • Property fronts a state road
  • Level Lot
  • Wooded Lot

Parking

  • Gravel Driveway

Interior Spaces

  • 6,272 Sq Ft Home
  • 2-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Beach Access
  • Water Access
  • Property is near a lake

Utilities

  • Baseboard Heating
  • The river is a source of water for the property
  • The lake is a source of water for the property
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 30
  • Assessor Parcel Number 453089-014-000-0001-030-001-0000

Property Details

Property Type

Land

Est. Annual Taxes

$30,111

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Topography: Level,Sloping
  • Development Status: Proposed, Raw Land, Site Plan Approved
  • Property Sub Type: Multi Family
  • Property Type: Land
  • Year Built: 1974
  • Lot Features: Residential Lot, Views, Wooded, Gentle Sloping, Lake Front, Level
  • Road Frontage Type: State Road
  • Water Body Name: Cayuga Lake
  • Directions: GPS /Map is not accurate. About a 1/2 mile south of Popular Beach Rd on Rte 89. Look for Lake Country Estates Sign. (Pin mark is right, but not off Lower Lakewood Rd)
  • Architectural Style: Other
  • Unit Levels: Two
  • Property Sub Type Additional: Residential,Recreation
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Recreational
  • Appliances: Electric Water Heater
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 9.4
  • View: Yes
  • Waterfront Features: Beach Access, Lake, Lake Front, See Remarks, Water Access
  • Waterfront: Yes
  • Exterior Features: Blacktop Driveway, Gravel Driveway

Utilities

  • Heating: Electric, Baseboard
  • HeatingYN: Yes
  • Utilities: High Speed Internet Available
  • Water Source: Lake, River

Schools

  • Junior High Dist: South Seneca

Lot Info

  • Parcel Number: 453089-014-000-0001-030-001-0000
  • Current Use: Recreational
  • Lot Dimensions: 681X608
  • ResoLotSizeUnits: Acres
  • Zoning Description: Residential Multi Use
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 30111.0
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Feb 23, 2022
Sold by
Lake Country Lp Est
Bought by
Matzo Ball Properties Llc
Seller's Agent
Timothy Spooner
Four Seasons Sotheby's Int'l
Buyer's Agent
Non MLS
Non MLS
List Price
$1,450,000
Sold Price
$1,000,000
Premium/Discount to List
-$450,000
-31.03%
Current Estimated Value
$1,236,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,667
Avg. Annual Appreciation
6.18%
Original Mortgage
$228,750
Outstanding Balance
$213,219
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,023,448
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
Matzo Ball Properties Llc $999,990 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matzo Ball Properties Llc $228,750
Open Matzo Ball Properties Llc $896,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2022 02/23/22 Sold $1,000,000 -31.0% $159 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $1,450,000 -- $231 / Sq Ft
Source: Upstate New York Real Estate Information Services (UNYREIS)

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 $4,244 $119,700 $3,100 $116,600
2023 $4,244 $119,700 $3,100 $116,600
2022 $4,054 $119,700 $3,100 $116,600
2021 $4,021 $119,700 $3,100 $116,600
2020 $3,837 $119,700 $3,100 $116,600
2019 $1,530 $119,700 $3,100 $116,600
2018 $3,643 $119,700 $3,100 $116,600
2017 $3,590 $119,700 $3,100 $116,600
2016 $3,609 $119,700 $3,100 $116,600
2015 -- $119,700 $3,100 $116,600
2014 -- $119,700 $3,100 $116,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upstate New York Real Estate Information Services (UNYREIS)

MLS Number: R1360735

Upstate New York Real Estate Information Services (UNYREIS)

APN: 453089-014-000-0001-030-001-0000