NOT LISTED FOR SALE

7 Observatory Cir Ithaca, NY 14850

Varna Neighborhood

Estimated Value: $327,000 - $618,000

5 Beds
5 Baths
3,200 Sq Ft
$157/Sq Ft Est. Value

About This Home

Observatory Circle: Nestled adjacent to the prestigious Cornell University campus and the renowned Cornell Vet School, Observatory Circle is an exclusive private community in Ithaca, New York. This serene enclave features expansive 3,200-square-foot paired homes, each designed with high ceilings and expansive glass windows that offer breathtaking views and a seamless blend of luxury and nature.

Located near Varna, Dryden Rd., and Flat Rock, Observatory Circle is perfect for outdoor enthusiasts, providing easy access to scenic hiking trails through lush forests and picturesque woods. Each spacious single-family home includes 5 bedrooms, 4 baths, and a garage, ensuring ample room for comfortable and sophisticated living.

The homes boast a thoughtful layout that balances communal and private spaces, ideal for entertaining and relaxation. Residents enjoy the tranquility of a secluded community with the convenience of proximity to Cornell University and the vibrant city of Ithaca, offering cultural, educational, and recreational opportunities. Experience unparalleled comfort and sophistication in Observatory Circle, the perfect place to call home.

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2025 05/24/25 Off Market $4,635 -- --
04/22/2025 04/22/25 Price Changed $4,635 0.0% $1 / Sq Ft
04/22/2025 04/22/25 For Rent $4,635 +8.2% --
02/13/2025 02/13/25 Off Market $4,285 -- --
01/11/2025 01/11/25 For Rent $4,285 0.0% --
12/25/2024 12/25/24 Off Market $4,285 -- --
11/21/2024 11/21/24 For Rent $4,285 0.0% --
11/21/2024 11/21/24 Off Market $4,285 -- --
10/04/2024 10/04/24 For Rent $4,285 -- --

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 $11,510 $465,000 $18,000 $447,000
2023 $9,478 $347,000 $18,000 $329,000
2022 $8,578 $315,000 $18,000 $297,000
2021 $8,325 $300,000 $18,000 $282,000
2020 $8,295 $300,000 $18,000 $282,000
2019 $3,319 $300,000 $18,000 $282,000
2018 $8,389 $300,000 $10,400 $289,600
2017 $8,483 $300,000 $16,200 $283,800
2016 $8,555 $300,000 $16,200 $283,800
2015 -- $280,000 $16,200 $263,800
2014 -- $280,000 $16,200 $263,800
Source: Public Records

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