NOT LISTED FOR SALE

8 Cedar Ln Ithaca, NY 14850

Estimated Value: $696,000 - $762,000

4 Beds
2.5 Baths
2,561 Sq Ft
$283/Sq Ft Est. Value

Last Sold July 10, 2023

Last sale price $660,000 $258 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,915/month

54 Days on Market

Highlights

  • Lake Front
  • Deck
  • Partially Wooded Lot
  • Cayuga Heights Elementary School Rated A-
  • Contemporary Architecture
  • Cathedral Ceiling

About This Home

As of July 2023

Custom designed contemporary on 1.32 acres with lake views & spectacular sunsets. First time on the market! Wrap-around deck with BBQ area. Peonies, snowdrops, may apples, oaks, maples, mushrooms & wild flowers. Vaulted living room with UV blinds & double sided fireplace adjoining family room with decks. Formal dining room overlooks the gardens. Hardwood floors in dining, family room and kitchen. Spacious kitchen with wet bar, reverse-osmosis water supply, pantry and center island. Adjoining half bath, laundry & utility room. Primary suite with fireplace and heatilator; primary bath w/ dressing area, radiant heat and step in shower. 2nd floor guest suite with ensuite bath. Two more bedrooms for office/work spaces. Dry basement with generator, exercise area, storage, potential workshop. Fiologic system to detect water leaks. Security system. Minutes to Cornell Uni., downtown Ithaca, shopping, health care facilities, restaurants & Lakeshore park.A must see! Don't miss this opportunity.

Last Agent to Sell the Property

Siu-Ling Chaloemtiarana

Warren Real Estate of Ithaca Inc. License #30CH0747719 Listed on: 04/17/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,282

Year Built

  • Built in 1984

Lot Details

  • 1.32 Acre Lot
  • Lake Front
  • Partially Fenced Property
  • Partially Wooded Lot

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Frame Construction
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 2,561 Sq Ft Home
  • Cathedral Ceiling
  • 1 Fireplace
  • Entrance Foyer
  • Partially Finished Basement

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Cayuga Heights Elementary School

Utilities

  • Heating System Uses Propane
  • Heating System Powered By Leased Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Separate Meters
  • High Speed Internet

Additional Features

  • Energy-Efficient Windows
  • Deck

Listing and Financial Details

  • Assessor Parcel Number 503201 48.1-2-38.4

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,282

Year Built

Built in 1984

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.32
  • Directions: Take route 13 exit to Cayuga Heights. Cedar Lane is 0.3 miles from exit. Across from Shannon Park.
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Efficiency: Windows
  • Year Built: 1984
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Range Hood, Washer
  • Has Basement: Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood, Varies
  • Interior Amenities: Cathedral Ceiling(s), Entrance Foyer, Eat-in Kitchen, Kitchen Island
  • Living Area: 2561.0
  • Dining Room Type: Entry/Foyer

Exterior Features

  • Fencing: Partial
  • Lot Features: Wooded, Lake Front
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Cedar, Frame
  • Exterior Features: Deck, Fence, Propane Tank - Leased
  • Foundation Details: Poured
  • Patio And Porch Features: Deck
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Separate Meters
  • Heating: Propane, Separate Meters, Baseboard, Hot Water
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Elementary School: Cayuga Heights Elementary
  • Junior High Dist: Ithaca

Lot Info

  • Lot Size Sq Ft: 57499.0
  • Parcel #: 503201 48.1-2-38.4
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2023
Closed on
Jul 10, 2023
Sold by
Greenwood Davydd J and Greenwood Pilar F
Bought by
Juarez Felipe and Muto Pauline
Seller's Agent
Siu-Ling Chaloemtiarana
Warren Real Estate of Ithaca Inc.
List Price
$685,000
Sold Price
$660,000
Premium/Discount to List
-$25,000
-3.65%
Current Estimated Value
$714,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,200
Avg. Annual Appreciation
4.63%
Original Mortgage
$460,000
Outstanding Balance
$447,550
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$277,583
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
Juarez Felipe $660,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Juarez Felipe $460,000
Previous Owner Greenwood Davydd J $263,000
Previous Owner Greenwood Davydd J $320,000
Previous Owner Greenwood Davydd J $38,630
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $660,000 -3.6% $258 / Sq Ft
06/10/2023 06/10/23 Pending -- -- --
04/17/2023 04/17/23 For Sale $685,000 -- $267 / 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 $12,282 $660,000 $134,000 $526,000
2023 $12,282 $494,000 $133,000 $361,000
2022 $11,889 $470,000 $133,000 $337,000
2021 $11,384 $440,000 $133,000 $307,000
2020 $11,384 $440,000 $133,000 $307,000
2019 $3,923 $440,000 $133,000 $307,000
2018 $10,476 $400,000 $133,000 $267,000
2017 $10,657 $400,000 $133,000 $267,000
2016 $10,668 $400,000 $133,000 $267,000
2015 -- $400,000 $133,000 $267,000
2014 -- $400,000 $133,000 $267,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB408486

APN: 503201-048-001-0002-038-004-0000