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559 Ridge Rd
Score
0
Lansing, NY

559 Ridge Rd

900K
6 bd • 8 ba • 3,816 sf

This analysis was generated 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

Property History

Price History
Ownership Timeline
$0Cash Purchase
Jul 9, 2024
Diane RutherfordDiane Rutherford Ret, Diane Rutherford
Warranty Deed
Non-Arm's Length Transactions
$425,000Cash Purchase
Aug 14, 2009
Bruce D AbbottDiane Rutherford
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Oct 18, 2000
Bruce D AbbottBruce D Abbott
Deed
Non-Arm's Length Transactions
$0Cash Purchase
Aug 31, 2000
Bruce D AbbottBruce D Abbott
Deed
Non-Arm's Length Transactions

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 (6 bed)

$1,440

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$900,000
Price/sqft
$236
Layout
6 bd•8 ba
0

Stats in the Area

Based on 3 comparable properties nearby

Average Price

$45,500

1878.0%

Your price is 1878.0% above average

Median Price

$40,750

2108.6%

Based on 3 recent sales

Price per Sq.Ft

N/A

No price per sq.ft data available

Comparable Properties

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

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