Seller's Agent in 2024
Christine DelVecchio
Warren Real Estate of Ithaca Inc.
(607) 227-3016
2 in this area
138 Total Sales
908 Danby Rd Ithaca, NY 14850
South Hill Neighborhood
4
Beds
4
Baths
2,915
Sq Ft
0.44
Acre Lot
Highlights
- Property is near public transit
- Wood Flooring
- Energy-Efficient Appliances
- South Hill School Rated A-
- Thermal Windows
- Hot Water Heating System
About This Home
As of October 2024Solid 4-unit investment rental with excellent rental history just outside the City of Ithaca. Fully leased through July 2025 with $66,000 gross income. Less than 1% vacancy over the past 24 years! Well maintained overall with newer windows, several units with updated kitchens, hardwood flooring in 3 of 4 units, LVT flooring in 1 unit. Some natural woodwork; 1 unit with exposed brick in kitchen; 1 unit with covered porch for entry/access. 3-car covered garage parking spaces and 4th garage space under house (full basement has potential for laundry hookups). Driveway is circular with ample off-street parking. Walk up attic for dry storage. Vinyl siding adds to low maintenance capital costs. Close to downtown Ithaca, Ithaca College and Cornell University. Rents include heat & electric, hot water, lawn mowing, snow removal. Tenants pay for their own garbage removal, laundry, cable/internet. Showings allowed with 24 hour notice as per NYS Rental Laws. Invest in Ithaca!
Last Agent to Sell the Property
Warren Real Estate of Ithaca Inc. Brokerage Phone: 607-227-3016 License #30DE0840160 Listed on: 07/23/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,470
Year Built
- Built in 1975
Lot Details
- 19,132 Sq Ft Lot
- Lot Dimensions are 100x190
- Rectangular Lot
Parking
- 3 Car Garage
- Parking Available
- Common or Shared Parking
Home Design
- Quadruplex
- Poured Concrete
- Frame Construction
- Shingle Roof
- Asphalt Roof
- Vinyl Siding
- Copper Plumbing
Interior Spaces
- 2,915 Sq Ft Home
- 2-Story Property
- Thermal Windows
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Schools
- South Hill Elementary School
- Boynton Middle School
- Ithaca Senior High School
Utilities
- Heating System Uses Gas
- Hot Water Heating System
- Heating System Uses Steam
- PEX Plumbing
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Additional Features
- Energy-Efficient Appliances
- Property is near public transit
Listing and Financial Details
- The owner pays for electricity, gas, grounds care, garage, heat, hot water, snow removal, water
- Tax Lot 6
- Assessor Parcel Number 503089-040-000-0003-006-000-0000
Community Details
Overview
- Association fees include electricity, gardener, heat, hot water, parking, snow removal, water
- 4 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- Operating Expense $17,583
- Gross Income $66,000
- Net Operating Income $39,947
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Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/29/2024 10/29/24 | Sold | $530,000 | -3.6% | $182 / Sq Ft |
| 10/17/2024 10/17/24 | Pending | -- | -- | -- |
| 08/31/2024 08/31/24 | Price Changed | $550,000 | -2.7% | $189 / Sq Ft |
| 07/23/2024 07/23/24 | For Sale | $565,000 | -- | $194 / Sq Ft |
Source: Ithaca Board of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | -- | $320,000 | $20,000 | $300,000 |
| 2024 | $9,224 | $320,000 | $20,000 | $300,000 |
| 2023 | $7,826 | $240,000 | $20,000 | $220,000 |
| 2022 | $8,130 | $240,000 | $20,000 | $220,000 |
| 2021 | $7,962 | $230,000 | $20,000 | $210,000 |
| 2020 | $7,964 | $230,000 | $20,000 | $210,000 |
| 2019 | $4,149 | $220,000 | $20,000 | $200,000 |
| 2018 | $7,571 | $220,000 | $20,000 | $200,000 |
| 2017 | $6,955 | $200,000 | $20,000 | $180,000 |
| 2016 | $6,952 | $200,000 | $20,000 | $180,000 |
| 2015 | -- | $185,000 | $20,000 | $165,000 |
| 2014 | -- | $185,000 | $20,000 | $165,000 |
Source: Public Records
Agents Affiliated with this Home
-
Christine DelVecchio
-
Jack Clausen
J
Buyer's Agent in 2024
Jack Clausen
PPM Homes LLC
(607) 272-1765
1 in this area
5 Total Sales
Map
Source: Ithaca Board of REALTORS®
MLS Number: R1553707
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