masterkey logo
559 Ridge Rd
Lansing, NY

559 Ridge Rd

$900,000
6 bd • 8 ba • 3,816 sf

This analysis was generated by artificial intelligence on 1/15/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$900,000

Price/Sq.Ft

$236

Year Built

1993

AI Property Analysis

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

The Good

This expansive 6-bedroom, 8-bathroom home in Lansing offers breathtaking lake views and is conveniently located near Ithaca, Cornell, and the Finger Lakes Wine Region. With over 5,000 square feet, the property features a large kitchen with high-end appliances, cherry cabinets, and a great room with vaulted ceilings. The home boasts multiple private outdoor areas, a sunroom, a hot tub, and a potting studio. The property is zoned for both commercial and residential use, making it versatile for potential buyers.

The Bad

The home is priced above its estimated market value of $744,000, which could be a concern for potential buyers. Additionally, being previously used as an Inn, it may require updates to convert back to a full-time residence. Also, the property is not owner-occupied, which may mean less personalized maintenance.

The Ugly

There are no major red flags or deal-breakers with this property. However, the discrepancy between the listing price and estimated market value might deter some buyers.

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

This property is ideal for buyers looking for a large family home with stunning views or those interested in investment opportunities such as running a bed and breakfast or a rental property. It's also suitable for professionals working in Ithaca or at Cornell University, seeking a spacious retreat.

Not For

This property may not be suitable for first-time homebuyers or those with a limited budget due to its high price and potential renovation needs. It's also less ideal for those seeking a smaller, low-maintenance property.
Demographics
Area Median Income

$89,519

Price Prediction Challenge

Think you know what 559 Ridge Rd will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Risk Assessment

Risk Analysis

While the property is not in a flood zone, potential buyers should ensure thorough inspections are conducted. Market volatility in the Lansing area may affect property values. Additionally, buyers should verify zoning regulations if considering commercial use.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$45,500

-94.9% below list price

Median Price

$40,750

Based on 3 recent sales

Price per Sq.Ft

$0

Comparable Properties

0 Lake Forest Dr Lot 2, Lansing, NY
Price: $55,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 7/24/2024
17 Maple Avenue, Lansing, NY
Price: $40,750
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 7/24/2024
19 Maple Avenue, Lansing, NY
Price: $40,750
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 7/24/2024

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings

$27,000

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results