$760,000
SOLD OCT 29, 2024

921 E State St Unit 23 Ithaca, NY 14850

10 Beds
4 Baths
3,362 Sq Ft
7,688 Sq Ft Lot

Recently Sold

$226 Per Sq Ft

4% Below List Price

105 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Baseboard Heating
  • DeWitt Middle School Rated A-
  • Furnished
  • Heating System Uses Steam

About This Home

As of October 2024

$102,000 annual income and tenants pay all of the utilities! Great turnkey duplex that is fully rented through July 2025. New roof (2021) - and so many updates - including flooring, electrical (no more fuses), windows on main floor, many appliances, and painted throughout. Layout includes two side by side two story apartments, each with 5 bedrooms, 2 full bathrooms, an open living dining living area, a kitchen, washer and dryer, and plenty of parking behind the house. Strong rental history with no vacancies after initial renovations were completed. Professionally maintained by a local landlord. This home has consistently been rented to groups for at least two years at a time. Tenants pay all utilities, including water, gas, electric, internet and trash. Entire home is furnished, including the bedrooms.

Last Agent to Sell the Property

Helen Yunis

Howard Hanna S Tier Inc Brokerage Phone: 607-280-3070 License #10401279197 Listed on: 07/09/2024

Howard Hanna S Tier Inc

Last Buyer's Agent

Kathleen Spooner

Warren Real Estate of Ithaca Inc. (Downtown) License #10401271343

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,959

Year Built

  • Built in 1870

Lot Details

  • 7,688 Sq Ft Lot
  • Lot Dimensions are 59x130

Parking

  • Paved Parking

Home Design

  • Duplex
  • Stone Foundation
  • Shingle Roof
  • Membrane Roofing
  • Asphalt Roof
  • Rubber Roof
  • Siding

Interior Spaces

  • 3,362 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Location

  • Property is near public transit

Schools

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

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 500700-089-000-0003-002-000-0000

Community Details

Overview

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

Building Details

  • Net Operating Income $73,596

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,959

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.1765
  • Lot Size: 59X130
  • Road Frontage Type: City Street
  • Directions: Traveling from downtown Ithaca up East State Street. Property located on West side of street. Parking available behind duplex. Drive is located immediately before you reach duplex.
  • Architectural Style: Duplex
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built Details: Existing
  • Year Built: 1870
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Duplex
  • Attribution Contact: 607-280-3070
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1870

Interior Features

  • Furnished: Furnished
  • Appliances: Electric Water Heater, Gas Water Heater
  • Has Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 10
  • Fireplace: No
  • Flooring: Hardwood, Tile, Varies, Vinyl
  • Interior Amenities: Pull Down Attic Stairs
  • Living Area: 3362.0
  • Stories: 2

Exterior Features

  • Lot Features: Near Public Transit, Residential Lot
  • Waterfront: No
  • Construction Type: Composite Siding
  • Foundation Details: Stone
  • Property Condition: Resale
  • Roof: Asphalt, Membrane, Rubber, Shingle

Garage/Parking

  • Parking Features: Paved

Utilities

  • Heating: Electric, Gas, Baseboard, Steam
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • 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

  • Lot Size Sq Ft: 7688.0
  • Parcel #: 500700-089-000-0003-002-000-0000
  • Zoning Description: Other - See Remarks
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Property Net Operating Income: 73596.0

Tax Info

  • Tax Annual Amount: 21959.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2018
Sold by
Cope Edward A and Cope Caroline B
Bought by
East Seneca Properties
Current Estimated Value
$793,702

Purchase Details

Closed on
Apr 29, 2016
Sold by
Klotz Jan
Bought by
Cope Edward and Cope

Purchase Details

Closed on
Apr 27, 2000
Sold by
Gabriella Carol
Bought by
Ocpe Edward A

Purchase Details

Closed on
Jun 30, 1994
Sold by
Menke Mary and Menke William
Bought by
Gabriella-Petyk Carol
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $540,000 --
Deed $400,000 Aldridge Elizabeth
Deed $133,000 James A Salk
Deed $118,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2024 10/29/24 Sold $760,000 -3.8% $226 / Sq Ft
10/22/2024 10/22/24 Pending -- -- --
07/09/2024 07/09/24 For Sale $790,000 -- $235 / 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 $23,285 $800,000 $79,000 $721,000
2023 $14,117 $648,000 $79,000 $569,000
2022 $20,040 $600,000 $79,000 $521,000
2021 $19,030 $540,000 $79,000 $461,000
2020 $12,237 $540,000 $79,000 $461,000
2019 $10,318 $500,000 $79,000 $421,000
2018 $11,824 $500,000 $79,000 $421,000
2017 $8,536 $350,000 $46,700 $303,300
2016 $8,615 $350,000 $46,700 $303,300
2015 -- $300,000 $46,700 $253,300
2014 -- $300,000 $46,700 $253,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: R1548644

APN: 500700-089-000-0003-002-000-0000