NOT LISTED FOR SALE

919 E State St Ithaca, NY 14850

Estimated Value: $452,000 - $487,000

5 Beds
2 Baths
1,748 Sq Ft
$266/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $409,000 $234 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,186/month

5 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • Skylights
  • DeWitt Middle School Rated A-
  • Corner Lot
  • Forced Air Heating System

About This Home

As of April 2024

This is a single family property currently used as an income property. Interest rates are dropping and it's a great time to invest in this well maintained, 5 bedroom 2 bathroom property. Fully leased through the end of July 2025, no turnover this summer, it is the perfect landlord opportunity! It features hardwood floors throughout. Upgrades include: 2 new bathrooms, new windows throughout most of the ground floor, and a high-efficiency furnace. A blend of comfort and convenience, this gracious home includes driveway parking and an unrented storage garage. Professionally maintained by a local landlord. This home has consistently been rented to groups for two years at a time. Tenants pay all utilities, including water, gas, electric, internet and trash. Entire home is furnished, including bedrooms. Annual rent 23-24 = $51,072 and 24-25 = $53,220.

Last Agent to Sell the Property

Helen Yunis

Howard Hanna S Tier Inc License #10401279197 Listed on: 02/08/2024

Howard Hanna S Tier Inc

Last Buyer's Agent

Garrett Venuto

Warren Real Estate of Ithaca Inc. License #10401360100

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,127

Year Built

  • Built in 1870

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 58x80
  • Corner Lot

Parking

  • 1 Car Garage

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,748 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Partially Finished Basement
  • Walk-Out Basement
  • Attic

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Schools

  • Belle Sherman Elementary School
  • Dewitt Middle School
  • Ithaca Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 500700-089-000-0003-001-000-0000

Community Details

Overview

  • Association fees include common area maintenance, gardener, snow removal
  • 2 Units

Building Details

  • Net Operating Income $41,945

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,127

Year Built

Built in 1870

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Lot Size: 58X80
  • Road Frontage Type: City Street
  • Directions: Located on the corner of Valentine Place and East State Street.
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built Details: Existing
  • Year Built: 1870
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour
  • Stories: 3
  • Year Built: 1870

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Varies
  • Interior Amenities: Attic
  • Living Area: 1748.0
  • Stories: 3
  • Window Features: Skylight(s)

Exterior Features

  • Lot Features: Corner Lot, Residential Lot
  • Waterfront: No
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Stone
  • Property Condition: Resale
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Garage, Gravel, Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • HOA Rent Includes: Common Area Maintenance, Gardener, Snow Removal

Schools

  • Elementary School: Belle Sherman
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High
  • Middle Or Junior School: Dewitt Middle

Lot Info

  • Parcel #: 500700-089-000-0003-001-000-0000
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 1
  • Property Net Operating Income: 41945.0

Tax Info

  • Tax Annual Amount: 9127.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2024
Closed on
Apr 29, 2024
Sold by
East Seneca Prop Llc
Bought by
Cayuga 220 Properties Llc
Seller's Agent
Helen Yunis
Howard Hanna S Tier Inc
Buyer's Agent
Garrett Venuto
Warren Real Estate of Ithaca Inc.
List Price
$409,000
Sold Price
$409,000
Views
3
Current Estimated Value
$465,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,115
Avg. Annual Appreciation
8.16%

Purchase Details

Closed on
Mar 6, 2018
Sold by
Klotz Jan D
Bought by
East Seneca Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 2005
Sold by
Cope Edward A & As Ind & P
Bought by
Klotz Jan D

Purchase Details

Closed on
May 5, 2000
Sold by
Petyk Ihor G
Bought by
Cope Edward A

Purchase Details

Closed on
Oct 25, 1996
Sold by
Proctor Robert B
Bought by
Petyk Ihor G and Petyk Jane A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cayuga 220 Properties Llc $409,000 None Available
East Seneca Properties $280,000 --
East Seneca Properties $280,000 --
East Seneca Properties $280,000 --
Klotz Jan D $85,470 --
Klotz Jan D $85,470 --
Cope Edward A $120,000 Salk James A
Cope Edward A $120,000 Salk James A
Petyk Ihor G $105,000 --
Petyk Ihor G $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner East Seneca Properties $656,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2024 04/30/24 Sold $409,000 0.0% $234 / Sq Ft
02/13/2024 02/13/24 Pending -- -- --
02/08/2024 02/08/24 For Sale $409,000 -- $234 / 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 $8,899 $450,000 $61,300 $388,700
2023 $7,295 $335,000 $61,300 $273,700
2022 $10,403 $310,000 $61,300 $248,700
2021 $9,898 $280,000 $61,300 $218,700
2020 $6,284 $280,000 $61,300 $218,700
2019 $6,031 $250,000 $61,300 $188,700
2018 $5,912 $250,000 $61,300 $188,700
2017 $4,870 $200,000 $36,700 $163,300
2016 $4,915 $200,000 $36,700 $163,300
2015 -- $180,000 $36,700 $143,300
2014 -- $180,000 $36,700 $143,300
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2024

    Helen Yunis

    Howard Hanna S Tier Inc

    (607) 280-3070

    96 Total Sales

    Helen Yunis
    Section Image
  • Garrett Venuto

    Buyer's Agent in 2024

    Garrett Venuto

    Warren Real Estate of Ithaca Inc.

    (607) 592-1762

    60 Total Sales

    Garrett Venuto
    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: R1520508

APN: 500700-089-000-0003-001-000-0000

New York Tompkins County Ithaca 14850

919 E State St, Ithaca, NY

Not Listed for Sale

MultiFamily

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