In the period from September 27 to October 3, a total of five residential properties were sold across Cortland County, New York. The combined value of these transactions reached over one million dollars, with sales recorded in the communities of Cortland, Cortlandville, Homer, and Scott.
The sales data reveals a wide range of property values, from an affordable home in Scott that sold for $85,000 to a substantial property in Homer that changed hands for $415,000. The median sale price for this period was $125,000 for a home located in the city of Cortland.
Key Takeaways
- Five home sales were recorded in Cortland County between September 27 and October 3.
- The total value of all transactions was $1,045,000.
- The highest sale price was $415,000 for a property in Homer.
- The lowest sale price was $85,000 for a home in the town of Scott.
- The median sale price was identified as $125,000.
A Detailed Look at Cortland County's Recent Home Sales
The real estate market in Cortland County showed varied activity in the last week of September and the beginning of October. The five transactions provide a snapshot of the housing landscape, with significant differences in price, size, and location. These sales occurred in four distinct municipalities within the county.
Homer Property Tops Sales List at $415,000
The most significant transaction during this period took place in Homer. A property located at 5691-5697 Route 281 was purchased by Daniel Stevens and Nora Greeley for $415,000.
This substantial property spans 4,144 square feet and includes five bedrooms and three bathrooms. The sale price breaks down to approximately $100 per square foot, reflecting a strong market value for a larger home in the area.
Transaction Highlight: Homer
- Address: 5691-5697 Route 281
- Sale Price: $415,000
- Size: 4,144 sq. ft.
- Price per Sq. Ft.: $100
- Features: 5 Bedrooms, 3 Bathrooms
Cortlandville Home Sells for Over $300,000
In the town of Cortlandville, a single-family home at 3671 Delaware Ave. was sold for $305,000. The new owners are Christopher Burke and Rita Burke. This property offers 1,636 square feet of living space, containing three bedrooms and two bathrooms.
Notably, this home commanded the highest price per square foot among the five sales, at $186 per square foot. This figure suggests a high demand for properties in this specific location or that the home possesses modern features and updates that justify its premium valuation.
Sales Activity in the City of Cortland
The city of Cortland saw two properties change hands during this period, including the home that represented the median sale price for the week.
Morningside Drive Home Represents Median Sale
The median sale was a 1,952-square-foot home at 53 Morningside Drive, which sold for $125,000. The property was purchased by Scott Steve from sellers Paul N. Klinger and Kimberly M. Klinger.
This four-bedroom, three-bathroom house was valued at $64 per square foot. Its position as the median sale indicates a central point in the local market's activity for the week.
Maple Avenue Property Acquired by Investment Firm
The second transaction in Cortland involved a property at 81 Maple Ave. It was sold to B&E Rentals LLC for $115,000 by Joseph E. Caza II and Laticia S. Caza. The purchase by a rental company suggests this property may serve as an investment or rental unit.
At 2,352 square feet, this five-bedroom, two-bathroom home was the second largest in this sales report. However, its price per square foot was the lowest at just $49, which could indicate the property requires renovations or is situated in a more affordable part of the city.
Understanding Price Per Square Foot
The price per square foot is a common metric used to compare property values. It is calculated by dividing the sale price of a home by its total square footage. This figure can be influenced by many factors, including the property's location, age, condition, and recent upgrades.
Most Affordable Transaction Recorded in Scott
Rounding out the week's sales was the most affordable home, located at 6346 Cold Brook Road in the town of Scott. The property was sold by Kelly Lonis and Dana Lonis to Eric Chapman for $85,000.
This home measures 1,328 square feet and includes three bedrooms and one bathroom. The sale price equates to $64 per square foot, the same per-square-foot value as the median-priced home in Cortland, despite the significant difference in overall price. This highlights how size and location interact to determine a home's final market value.
Summary of Cortland County Real Estate Activity
The five transactions recorded between September 27 and October 3 paint a diverse picture of the Cortland County real estate market. The total sales volume of $1,045,000 demonstrates continued movement in the local housing sector.
The data reveals a market with a wide spectrum of pricing, from accessible homes under $100,000 to larger properties exceeding $400,000. Price per square foot varied dramatically, from a low of $49 to a high of $186, underscoring the importance of location and property condition in determining value across the county.
