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3 Cliff Park Cir
Score
0
Ithaca, NY

3 Cliff Park Cir

407K
5 bd • 3 ba • 1,566 sf

This analysis was generated on 3/11/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$407,000

Price/Sq.Ft

$260

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Price Position: Price per sqft is $259.90. Unable to compare to comparable properties due to lack of market data. • Appreciation Trend: Unable to analyze historical appreciation rates due to lack of market data. • Rental Income: $2,270/month with 99% occupancy • Schools: Unable to assess school quality impact on property value due to lack of available school data. • Future Development: Further research is needed to identify specific planned developments near 3 Cliff Park Cir. • The layout appears functional, with a clear separation between living spaces and bedrooms. The kitchen is adjacent to a dining area, which is convenient. Staircase placement is somewhat awkward.

The Bad

• Kitchen Renovation (MEDIUM priority): $15,000 • Carpet Replacement (LOW priority): $2,000 • Lack of available market data makes it difficult to assess potential risks accurately. • Reliance on student population for rental income could create vacancy risks during academic breaks or economic downturns. • Natural light appears adequate in the main living areas. The kitchen benefits from a window over the sink. The basement may have limited natural light. • The layout appears functional, with a clear separation between living spaces and bedrooms. The kitchen is adjacent to a dining area, which is convenient. Staircase placement is somewhat awkward. • Climate Risk: A comprehensive climate risk assessment is needed to determine specific insurance implications. Proximity to Cayuga Lake and gorges may influence flood risk assessment.

The Ugly

No critical issues identified
Outdated Kitchen

Outdated Kitchen

The kitchen features outdated appliances and cabinet finishes. The countertops are laminate, which is a lower-end material.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $27,240 with 99% occupancy rate Value Investors: Projected 11.8% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $17,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$58,846

Property History

Price History
Ownership Timeline
$0Cash Purchase
Jun 12, 1998
William D CorbinRobert Travis, Suzanne Travis
Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Financials

Monthly Costs
Market Rent (5 bed)

$1,350

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$407,000
Price/sqft
$260
Layout
5 bd3 ba
0

Stats in the Area

Based on 2 comparable properties nearby

Average Price

$340,105

19.7%

Your price is 19.7% above average

Median Price

$407,000

0.0%

Based on 2 recent sales

Price per Sq.Ft

$215

20.9%

Your price is 20.9% above average $/sqft

Comparable Properties

3 Cliff Park Circle, Ithaca-City, NY 14850
Price: $407,000
Sq.Ft: 1,566
Beds/Baths: 5/3
$/Sq.Ft:
$2600.0%
Sale Date: 1/7/2025
612 E Seneca Street, Ithaca-City, NY 14850
Price: $273,210
Sq.Ft: 1,603
Beds/Baths: N/A/N/A
$/Sq.Ft:
$17034.4%
Sale Date: 2/7/2025

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