Closed

$607,000

508 University Ave, Ithaca, NY 14850

8beds

0baths

2,452sqft

Multi Family

Built in 1895

-- sqft lot

$597,200 Zestimate^®

$248/sqft

$1,473 Estimated rent

Home value

$597,200

$549,000 - $645,000

$1,473/mo

Zestimate^® history

Owner options

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$1,473/mo

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$1,473/mo

Rent Zestimate^®

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$4,243/mo

Est. payment

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$4,243/mo

Est. payment

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What's special

This house was built as a rooming house and income property by Evelyn Powelson, who lived at 504 University. This house has 5 units, legal for 12 unrelated tenants. Owner working on new C of C, including fresh electrical cert. Gross income is $81,200 includ. $2k annually from 2 washers and 3 dryers in laundry. Tenants in neighboring bldgs also use laundry machines. 2 Navien combo boilers/hot water heaters; one serves ground floor apt and the other heats the other units.One of the Naviens makes hot water for the laundry. Seller pays for all heat and hot water, including laundry. 2 units on main level pay their own electric, but landlord pays all other electricity. Apts are provided partially furnished; seller to provide inventory of furniture and appliances.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 0

Heating

Gas, Separate Meters, Baseboard, Hot Water

Cooling

Separate Meters

Appliances

Included: See Remarks
Laundry: Common Area, Coin-operated

Features

Ceiling Fan(s)
Basement: Full,Partially Finished,Walk-Out Access

Interior area

Total structure area: 2,452
Total interior livable area: 2,452 sqft

Property

Parking

Parking features: Concrete, No Driveway, Off Site, Other, Parking Available, One Space, On Street, See Remarks, Two or More Spaces

Lot

Size: 6,969 sqft

Details

Parcel number: 500700 32.21

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame
Foundation: Stone
Roof: Asphalt

Condition

Year built: 1895

Utilities & green energy

Sewer: Connected
Water: Connected, Public
Utilities for property: Sewer Connected, Water Connected

Community & neighborhood

Community

Community features: Laundry Facilities

Location

Region: Ithaca
Subdivision: University Hill Historic

Other

Other facts

Listing terms: Conventional

Price history

Date	Event	Price
11/8/2023	Sold	$607,000-5%$248/sqft
Source: NYSAMLSs #IB408818 Report a problem
9/26/2023	Pending sale	$639,000$261/sqft
Source: ITMLS #408818 Report a problem
7/5/2023	Contingent	$639,000$261/sqft
Source: ITMLS #408818 Report a problem
6/17/2023	Listed for sale	$639,000-0.8%$261/sqft
Source: ITMLS #408818 Report a problem
9/9/2022	Listing removed	--
Source: ITMLS #406574 Report a problem
5/4/2022	Listed for sale	$644,000-1.6%$263/sqft
Source: ITMLS #406574 Report a problem
4/16/2022	Listing removed	--
Source: ITMLS #405433 Report a problem
12/6/2021	Contingent	$654,150$267/sqft
Source: ITMLS #405433 Report a problem
10/26/2021	Listed for sale	$654,150$267/sqft
Source: ITMLS #405433 Report a problem