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109 West Jay Street

109 West Jay Street, Ithaca, NY 14850
Property in Ithaca
Sold Aug 27, 2021
$295,000
$221,250 by M & T Bank
Mortgage Due Aug 27, 2051
Sold Oct 21, 2005
$155,000
$124,000 by Tompkins Trust Co
Mortgage Due Jan 01, 2022
109 West Jay Street has been categorized by the local assessors in Ithaca, NY as a residential type of property. The building on the property was first built in 1870 and is 154 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 109 West Jay Street has 1,818 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 450 ft. The area measurement of the land has been determined as 4,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a covered porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of a material which is produced from two or more constituent materials. In terms of heating, it is utilizing a hot water heating system and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 109 West Jay Street sold most recently in Aug 26, 2021 for a total of $295,000. If you work out the math, that's approximately a cost of $162.27 per sqft. Before that, the property was also sold for $155,000 in Oct 21, 2005. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $10,409 in taxes each year. 109 West Jay Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $325,000. If we break it down further, the land itself was valued at $44,500. Improvements to the property, however, were assessed at a total of $280,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Asbestos Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Composition
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 4,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,818
  • Gross Building Area: 1,818
  • Building Area: 1,818
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 1,818
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.103
  • Standard Land Use Code: Duplex (2 units, any combination)

Ownership

  • Current Owner : DAKPA THUPTEN
  • Current Owner 2: LHAMO LOBSANG
  • Previous Owner : MARTIN ELLIOT S
  • Owner Before Previous Owner: WANG PING ZHEN

Neighborhood

  • School District Name: Ithaca City School District
  • School Tax School District: ITHACA
  • Census Tract: 000700

Zoning

  • Zoning: R-2B

Geography

  • District: 500700
  • Section: 27.00
  • Parcel: 500700 27.-1-2
  • Block: 1
  • Lot: 2.000
  • Municipality: ITHACA
  • Latitude: 42.4505
  • Longitude: -76.5005

    Address

  • Full Address: 109 W Jay St
  • Address - House Number: 109
  • Street Direction: W
  • Address - Street Name: Jay
  • Address - Suffix Type: St
  • State: NY
  • City Name: Ithaca
  • Carrier Code: C004
  • 4-Digit Zip Code: 3535
  • Zip Code: 14850

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,409
  • Tax Rate Code Area: 500700

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 55
  • Final Value: 353,433
  • High Value: 461,257
  • Low Value: 245,609

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $221,250
  • First Open Lien Mortgage Lender: M & T BANK
  • First Open Lien Mortgage Recording Date: Aug 27, 2021
  • First Open Lien Mortgage Loan Amount: $221,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 27, 2051

    Market Valuation

  • Market Total Value: $325,000
  • Market Land Value: $44,500
  • Market Improvement Value: $280,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $325,000
  • Assessed Land Value: $44,500
  • Assessed Improvements Value: $280,500

    Sales

  • Current Sale Contract Date: Aug 26, 2021
  • Current Sale Recording Date: Aug 27, 2021
  • Current Sale Transaction ID: 11854087692
  • Current Sale Price: $295,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-10032
  • Previous Sale Recording Date: Oct 21, 2005
  • Previous Sale Contract Date: Oct 21, 2005
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: M & T BANK
  • First Mortgage Transaction Date: Aug 27, 2021
  • First Mortgage Loan Amount: $221,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: TOMPKINS TRUST CO
  • Previous Mortgage Transaction Date: Oct 21, 2005
  • Previous Mortgage Loan Amount: $124,000
  • Previous Mortgage Term: 194
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Jan 01, 2022

About Ithaca



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Frequently Asked Questions

What neighborhood is 109 West Jay Street located in?
The 109 West Jay Street is a located in the neighborhood of Ithaca in Ithaca, Ithaca.
What is the average sales price for listings in 109 West Jay Street?
The average sales price for units in 109 West Jay Street is $295,000 , or $162/sqft. currently.

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