Ithaca New York Real Estate News & Listings Presented By Audrey Edelman Realty USA

Contemporary Log Home

Fri, 27 May 2011 19:12:45 GMT

Located on a quiet street this contemporary log home offers a flexible open floor plan. Huge master bedroom suite with vaulted ceilings and updated bath. Large family room with woodstove and newly refinished floors. Open kitchen with new stainless steel appliances. Private back deck with hot tub. Beautiful property that has been professionally landscaped with 2 koi ponds. Finished walk out basement provides more space for playroom, office, workshop, or additional family room. This home has been lovingly maintained and move in ready.

Great Cayuga Heights Home

Mon, 24 Jan 2011 23:04:28 GMT

Great home in a low traffic quiet Cayuga Heights neighborhood. Home sits on almost half acre corner lot. Many improvements; new arch. shingle roof, exterior stain, energy star heating and central AC, air filtration system, garage door, gutters and garden shed. Open floor plan includes large family room with fireplace and vaulted ceiling, eat-in kitchen and formal dining. Ample attic storage. Walking distance to Cornell, elementary school, mall and community corners.

Home on Almost 10 Acres!

Thu, 23 Sep 2010 02:25:03 GMT

Home on almost 10 acres of land with a great garage. Home needs some updating but is solid with new carpeting, new replacement windows, updated bathroom, and a new boiler. Large, bright, eat-in kitchen and main level master bedroom. Garage is an over sized 2 car with a large shed at the back. It was as a welding shop and has concrete floors and is ready for use as a mechanics shop, welding, woodworking, or just to store your things. Great opportunity.

Beautiful Downtown Craftsman

Tue, 15 Jun 2010 07:58:29 GMT

Wonderful craftsman with 3 floors of living space. This home features original chestnut woodwork and oak floors. Beautifully updated kitchen and bath with laundry. Brand new main level 1/2 bath, new interior and exterior paint, new living room windows, and new storm windows. Spacious front porch overlooks Six Mile Creek. Private fenced yard back porch and second story screened porch. Walking distance to downtown.

Great Home with Income Apartment

Sun, 17 Jan 2010 03:35:36 GMT

This attractive, move in ready, two family property makes for a great investment. Live in one unit and rent the other to help with expenses, or use as a secondary dwelling for a family member. Features a two bedroom house as well as a detached single bedroom apartment, both of which have separate utilities and off-street parking. Both units have a good rental history and currently bring in $1350/month in income, tenants pay all utilities. Lovely, quiet, country setting, conveniently located within 10 minutes of Ithaca as well as being handily on the TCAT bus route. With many improvements, this property boasts a large open kitchen with newer appliances. New laminate floor and carpeting. Other improvements include windows, furnace, three decks, detached four car garage perfect for a workshop, and complete fenced in yard for children or pets. All this and more!

9015 Route 414, Lodi 14860

Tue, 24 Mar 2009 12:01:57 GMT

Ever dream of owning your own winery in the Fingerlakes Region? This is your opportunity. Located in the heart of the Seneca Wine Trail (east), this 14.7 acre parcel is prepared and ready for a winery—gravel drive, 50 car parking area and surrounded by acres of tillable land. Breathtaking views of Seneca Lake. Great visibility near some of the area’s most popular wineries. Perfect site for retail shop and vinifera grapes

$8,000 Tax Credit Available

Fri, 20 Mar 2009 21:39:00 GMT

$8,000 Tax Credit Available

For a limited time home buyers can claim a special tax credit worth up to $8,000. The American Recovery and Reinvestment Act offers qualifying homebuyers a tax credit equal to 10 percent of a home's purchase price, up to a maximum of $8,000. The tax credit is offered to first time homebuyers, and those who have not owned a principle residence in the past three years. To be eligible for the tax credit, the home purchase must be recorded between January 1 through December 1, 2009.

The full tax credit is offered to buyers with reported income up to $75,000, or $150,000 for married couples filing a joint return. Partial tax credits are available to for those with income levels up to $95,000, or $170,000 for those filing jointly. Contact us today for more details on this exciting program!

Should I Buy a Home Now?

Mon, 16 Mar 2009 03:00:00 GMT

We are often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don’t know where the bottom is until you see it in the rear view mirror, meaning until you’ve missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It’s important to live in a home that reflects your taste and values, yet is within your financial “comfort zone.” To that end, it may be more important to lock in today’s relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give us a call if we can be of any assistance in determining how much home you can afford in today’s market.