NOT LISTED FOR SALE

978 Dryden Rd Ithaca, NY 14850

Varna Neighborhood

Estimated Value: $395,000 - $614,000

5 Beds
3 Baths
2,038 Sq Ft
$249/Sq Ft Est. Value

Last Sold March 29, 2017

Last sale price $175,000 $86 Per Sq Ft

Est. 190% increase in value since last sale

Current estimated payment $3,559/month

158 Days on Market

Highlights

  • Baseboard Heating
  • DeWitt Middle School Rated A-
  • Walk-Up Access

About This Home

As of March 2017

Excellent investment! Excellent location! This three-unit property is located on a bus route, just five minutes from the Cornell Vet School and conveniently located to downtown Ithaca and to Dryden, New York. The lower apartments, a 1 bedroom and a 1+ bedroom, are fully rented. The top-floor 3-bedroom (with spacious attic) is vacant and ready for renovation--or for renting. Tenants pay their own electric/heat. Hurry!

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 65x117

Home Design

  • Asphalt Roof

Kitchen

  • Range Hood
  • Recirculated Exhaust Fan

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Exterior Basement Entry

Schools

  • Caroline Elementary School

Utilities

  • Baseboard Heating

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 502489 56.-3-6

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Lot Size: 65X117
  • Water Body Name: None
  • Directions: Leaving Ithaca head East on NY 366/Dryden Rd destination on left. 1.5 miles past Cornell Orchards
  • Year Built: 1930
  • Attribution Contact: josephsteuer@me.com
  • Special Features: None

Interior Features

  • Appliances: Exhaust Fan, Refrigerator, Range Hood
  • Has Basement: Exterior Entry, Full, Walk-Up Access, Walk-Out Access
  • Basement YN: Yes

Exterior Features

  • Lot Features: Other, See Remarks
  • Roof: Asphalt

Utilities

  • Heating: Electric, Baseboard
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Elementary School: Caroline Elementary
  • Junior High Dist: Ithaca

Lot Info

  • Lot Size Sq Ft: 7405.0
  • Parcel #: 502489 56.-3-6
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2021
Sold by
Diakomihalis Ilias
Bought by
Katz Natalie R and Sela Tal
Current Estimated Value
$507,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Outstanding Balance
$290,000
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$217,745

Purchase Details

Listed on
Sep 21, 2016
Closed on
Mar 29, 2017
Sold by
Anderson Celeste M
Bought by
Diakomihalis Ilias
List Price
$189,500
Sold Price
$175,000
Premium/Discount to List
-$14,500
-7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.96%
Original Mortgage
$140,000
Interest Rate
4.1%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Katz Natalie R $400,000 None Available
Diakomihalis Ilias $175,000 Michael May
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katz Natalie R $320,000
Previous Owner Diakomihalis Ilias $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2017 03/29/17 Sold $175,000 -7.7% $86 / Sq Ft
02/27/2017 02/27/17 Pending -- -- --
09/21/2016 09/21/16 For Sale $189,500 -- $93 / 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 $10,691 $425,000 $7,000 $418,000
2023 $11,750 $425,000 $7,000 $418,000
2022 $10,692 $400,000 $7,000 $393,000
2021 $9,851 $350,000 $7,000 $343,000
2020 $7,887 $350,000 $7,000 $343,000
2019 $2,081 $175,000 $7,000 $168,000
2018 $3,976 $155,000 $7,000 $148,000
2017 $4,924 $155,000 $11,000 $144,000
2016 $4,799 $155,000 $11,000 $144,000
2015 -- $136,000 $11,000 $125,000
2014 -- $136,000 $11,000 $125,000
Source: Public Records

Map

Source: Ithaca Board of REALTORS®

MLS Number: IB307634

APN: 502489-056-000-0003-006-000-0000

New York Tompkins County Ithaca 14850 Varna

978 Dryden Rd, Ithaca, NY

Not Listed for Sale

MultiFamily

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