$52,500
SOLD JAN 24, 2025

981 State Route 51 Ilion, NY 13357

3 Beds
1 Bath
1,672 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$31 Per Sq Ft

12% Below List Price

5 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Baseboard Heating
  • 2 Car Attached Garage
  • Laundry Room
  • Wood Siding

About This Home

As of January 2025

Embrace this incredible opportunity to transform a diamond in the rough into your dream country retreat, tailored to your unique tastes and desires. While the current state demands major renovations, the rewards are immense - instant equity in today's soaring housing market and the chance to craft a personalized oasis. Envision spacious rooms, ample bedrooms, and bathrooms seamlessly blending into an easy-living floor plan. Unleash your creativity in the massive attached garage and workshop, indulging in hobbies and pursuits that bring you joy. The owner's thoughtful plans provide a head start, guiding you towards realizing your vision. Nestled in a charming hamlet, yet moments away from the valley's vibrant attractions, this property's location is a true gem. Cash or rehab loans are welcome as you embark on this exciting journey, breathing new life into a space that will become an extension of your dreams. Seize this chance to build your forever home from the ground up!

Last Agent to Sell the Property

Kim Canavan

Listing by eXp Realty Brokerage Phone: 315-717-4058 License #10491208881 Listed on: 06/12/2024

eXp Realty

Last Buyer's Agent

Lou DeMichele

Listing by eXp Realty License #10301221204

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,777

Year Built

  • Built in 1890

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 55x166
  • Rural Setting

Parking

  • 2 Car Attached Garage
  • Gravel Driveway

Home Design

  • Stone Foundation
  • Wood Siding

Interior Spaces

  • 1,672 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Crawl Space
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 213200-131-029-0001-016-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,777

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1890
  • Attribution Contact: 315-717-4058
  • ResoLaundryFeatures: Main Level
  • Lot Features: Rural Lot
  • Directions: Take Cedarville Road to State Route 51.
  • Architectural Style: Two Story
  • Flooring: Hardwood, Varies
  • Garage Yn: Yes
  • Interior Features: Eat-in Kitchen
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Main Level Bathrooms: 1
  • Total Bedrooms: 8
  • Stories: 1

Exterior Features

  • Acres: 0.13
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Gravel Driveway
  • Foundation Details: Stone

Garage/Parking

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

Utilities

  • Heating: Oil, Baseboard, Hot Water
  • HeatingYN: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Mount Markham

Lot Info

  • Parcel Number: 213200-131-029-0001-016-000-0000
  • Lot Dimensions: 55X166
  • Lot Size Sq Ft: 5663.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1777.0
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Jan 24, 2025
Sold by
Jay Groah Group Llc
Bought by
Elevator Properties Inc
Seller's Agent
Kim Canavan
eXp Realty
Buyer's Agent
Lou DeMichele
eXp Realty
List Price
$59,900
Sold Price
$52,500
Premium/Discount to List
-$7,400
-12.35%
Views
52
Current Estimated Value
$85,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,915
Avg. Annual Appreciation
202.27%
Original Mortgage
$59,125
Outstanding Balance
$58,971
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$26,444

Purchase Details

Closed on
Apr 5, 2023
Sold by
Lamica Amber
Bought by
Jay Groah Group Llc

Purchase Details

Closed on
Nov 22, 2021
Sold by
Penree Clarence
Bought by
Lamica Amber

Purchase Details

Closed on
Aug 12, 2019
Sold by
Herkimer Country Of
Bought by
Penree Clarence E

Purchase Details

Closed on
Mar 1, 1996
Source: Public Records

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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 $52,500 None Available
Deed $55,000 None Available
Warranty Deed $15,000 None Available
Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $59,125 Purchase Money Mortgage
Previous Owner $150,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2025 01/24/25 Sold $52,500 -12.4% $31 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $59,900 -- $36 / Sq Ft
Source: Mid New York Regional MLS

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 $3,014 $52,900 $6,000 $46,900
2023 $1,754 $52,900 $6,000 $46,900
2022 $1,759 $52,900 $6,000 $46,900
2021 $1,777 $52,900 $6,000 $46,900
2020 $2,886 $52,900 $6,000 $46,900
2019 $2,864 $52,900 $6,000 $46,900
2018 $2,838 $52,900 $6,000 $46,900
2017 $2,862 $52,900 $6,000 $46,900
2016 $2,847 $52,900 $6,000 $46,900
2015 -- $52,900 $6,000 $46,900
2014 -- $52,900 $6,000 $46,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mid New York Regional MLS

MLS Number: S1545180

Mid New York Regional MLS

APN: 213200-131-029-0001-016-000-0000