NOT LISTED FOR SALE

78 Cortland St Marathon, NY 13803

Estimated Value: $117,000 - $154,000

5 Beds
3 Baths
1,884 Sq Ft
$75/Sq Ft Est. Value

Last Sold July 26, 2022

Last sale price $118,000 $63 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $872/month

16 Days on Market

Highlights

  • Deck
  • High Speed Internet
  • Wall to Wall Carpet
  • Baseboard Heating

About This Home

As of July 2022

Great 3 unit income property opportunity! Nice size apartments each with 2 bedrooms. Unit A&B offer washer/dryer hook up. 1 car detached garage and plenty of parking. Metal roof only 5 years old and newer windows upstairs. Marathon Electric heat helps keep costs down. Unit B has nice back deck. Close to I-81 and a neutral location and only 20-30 minutes to Ithaca & Binghamton. Less than 10 minutes to Greek Peak & Hope Lake Lodge.

Last Agent to Sell the Property

Tracy Koenig

Listing by Yaman Real Estate License #10401247553 Listed on: 02/25/2022

Last Buyer's Agent

Susan Sherman Broyles

Listing by Yaman Real Estate License #10301222882

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,911

Year Built

  • Built in 1870

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 189 x 86

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,884 Sq Ft Home
  • 1.7-Story Property
  • Basement Fills Entire Space Under The House
  • Scuttle Attic Hole

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 1 Car Garage
  • Stone Driveway
  • Shared Driveway

Schools

  • William Appleby Elementary School

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Deck
  • Flood Zone Lot

Community Details

  • 3 Units
  • 3 Separate Electric Meters

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 15
  • Assessor Parcel Number 113401-157-012-0001-015-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,911

Year Built

Built in 1870

Lot Details

0

Listing Details

  • NY Swis Code: Marathon-Village-113401
  • Total Assessed Value: 65700
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 189
  • Lot Dimension Front: 86
  • Lot Information: Flood Zone, Neighborhood Street
  • Lot Number: 15
  • Nearest Cross Street: Main St
  • Number of Stories: 1.7000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 315423.68
  • Ratio Close Price By Sq Ft: 62.63
  • Ratio List Price By Acres: 336541.03
  • Ratio List Price By Sq Ft: 66.83
  • Regional Board Code: Syracuse
  • Rent Includes: No Utilities
  • School Tax: 987
  • Sub Board Code: Cortland
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Village: Marathon-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 16294
  • Age of Building: 152
  • Year Built: 1870
  • Above Grade Finished Sq Ft: 1884
  • Directions To Property: From Cortland I-81 to Exit 9 Marathon. Left off exit, house is on the right.
  • Sq Ft Total Pub: 1884
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1870

Interior Features

  • Additional Interior Features: Laundry- Separate Hook ups- Some
  • Attic Description: Scuttle Access
  • Basement Description: Full
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 1884

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available, Deck, High Speed Internet
  • Number of Acres: 0.3741

Garage/Parking

  • Number of Electric Meters: 3
  • Number of Garage Spaces: 1.0000
  • Parking Driveway: 2 or More Spaces, Garage, Shared, Stone/Gravel

Utilities

  • Heating Fuel Description: Electric
  • Hvac Type: Baseboard
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Electric

Schools

  • School District: Marathon
  • Elementary School: William Appleby Elementary

Lot Info

  • Parcel Number: 113401-157-012-0001-015-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 2911

MLS Schools

  • Elementary School Name: William Appleby Elementary
  • School District Name: Marathon

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Herdman Rachel Michelle $95,120
Closed Herdman Rachel Michelle $3,567
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2022 07/26/22 Sold $118,000 -6.3% $63 / Sq Ft
03/13/2022 03/13/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $125,900 -- $67 / Sq Ft
Source: Cortland County 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 $1,331 $65,700 $10,200 $55,500
2023 $3,102 $65,700 $10,200 $55,500
2022 $2,302 $65,700 $10,200 $55,500
2021 $2,299 $65,700 $10,200 $55,500
2020 $2,902 $65,700 $10,200 $55,500
2018 $1,264 $65,700 $10,200 $55,500
2017 $2,209 $65,700 $10,200 $55,500
2016 $2,217 $65,700 $10,200 $55,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cortland County Board of REALTORS®

MLS Number: S1390358

Cortland County Board of REALTORS®

APN: 113401-157-012-0001-015-000-0000