Cortland  »  13045

41 Prospect Terrace, Cortland, NY 13045

Cortland, Cortlandville
Building in 13045
3 Stories
Built in 1972
Nearby Active Listings
125 Groton Avenue - Photo 1
125 Groton Avenue
Cortland, Cortlandville
$2,200
|
5 Bed
|
2 Bath
By Jenna Davi
Welcome to 41 Prospect Terrace, a building located in Cortland, Cortlandville in Cortland, NY. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1972. There are a total of 3 floors. The market value for the land that the building sits on has been listed at $49,315. In addition, improvements upon the building have an added value of $489,384. In total, the total market value of the property as a whole is $538,699. According to local assessors, the total value of the building is currently valued at $393,250. Specifically, the value of the land that the property sits on has been assessed at $36,000. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
General
Year Built
1972
Effective Year Built
1972
Building Count
1
Bedroom Count
0
Building Condition
Average
Building Quality
B
Construction Type
unknown
Building Style
unknown
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Count
3
Living Units
6
Floor Cover
unknown
Basement Type
Unspecified basement
Basement Area
3,232
Garage Type
Mixed use
Garage Square Area
1,920
Parking Space Count
7
Patio Type
unknown
Porch Type
Covered porch
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Land Acres
0.492
Standard Land Use Code
Apartments (generic)
County Land Use Code
unknown
Ownership
Current Owner's Name
LIFETIME QTIP TRUST
Owner Address - City
FAYETTEVILLE
Owner Address - State
NY
Owner Address - ZIP Code
13066
Ownership Rights Codes
Trustee/Conservator
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Cortland City School District
School Tax School District
CORTLAND
Census Tract
970800
Census Block Code
1006
Census Group
1
Census Year
2020
Census - Combined Statistical Area - Area Code
296
Census - Combined Statistical Area - Area Name
Ithaca-Cortland, NY
Census - County FIPS
36023
Census - Full FIPS
360239708001006
Census - Metro Micro Statistical Area - Area Code
18660
Census - Metro Micro Statistical Area - Area Name
Cortland, NY
Census - Metro Micro Statistical Area - Area Type
micropolitan
Census - Place FIPS
3618388
Census Source
US Census Bureau
Census State FIPS
36
Census Tract Code
970800
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
3608460
School District - Unified - Name
Cortland City School District
Zoning
Zoning
05 - COMME
Geography
District
110200
Section
86.65
Parcel
110200 86.65-01-04.000
Block
1
Lot
4.000
Lot Code
unknown
Municipality
CORTLAND
Latitude
42.597
Longitude
-76.1861
FIPS
36023
Mailing Carrier Code
R003
Mailing Full Street Address
5514 SANDSTONE WAY
Mailing House Number
5514
Mailing Street Mode
WAY
Mailing Street
SANDSTONE
Mailing 4-Digit Zip Code
9684
Geo Status Code
unknown
Valuation
Timestamp
2024-02-26 19:29:33
UCID Flag
C
More About The Building
In total, the building area is listed as 9,642 square feet. The depth of the property lot was measured at 1,757 square feet and the front at 1,220 square feet. The building itself has 9,642 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 41 Prospect Terrace is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the 13045 area have a median price of $2,200. Those in the 25th percentile, have a price around $2,200. While those in the 75th percentile, have a price around $2,200. Typically, the buildings in this area have a median sqft of 1,636. That means that the median price per sqft is around $1. In other words, the price per sqft for buildings in the 25th percentile is $1. While the price per sqft for buildings in the 75th percentile is $1. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There are currently no one bedroom listings being advertised in the area.
  • There are currently no two bedroom listings being advertised in the area.
  • There are currently no three bedroom listings being advertised in the area.
  • There is currently a single advertised four bedroom listing.
About The Area
41 Prospect Terrace is located in 13045. There are 29,609 people living here. There are 10,660 households. Most of these households have an average family size of 3.07 people. According to the census, 41% are currently renting while 59% own their homes. The median age of this population is around 33.4 years old. On average, most folks in the zipcode are unmarried. About 5% of folks speak a language other than English in this area. The area's employment rate is currently around 58.6%. Speaking of employment, the median income is $47,667. Most folks will commute by car for around 17.9 minutes. Finally, we know that 30% of residents in the area have graduated with their high school degree. Additionally, 16% and 12% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Cortland County, New York has a population of 48,713 people. Based on census records, there are 17,683 registered households. Families in this area are on average made up of 3.15 people per household. Most folks are unmarried. They are also typically around 36.2 years old. Does diversity matter to you? Right now, 4% of folks speak a language other than English here. About 35% rent while 65% purchased their homes. Right now, the community is made up of 34% of residents who have graduated with at least a high school degree. On top of that, 14% have a Bachelor's degree and 11% have a Master's degree. The employment rate is currently around 60.4%. Those employed, have a median income of $50,910. If you move here, you can expect to commute mostly by car for around 20.7 minutes.

Finally, let's take a look at the stats related to Cortland, NY Urban Area. The urban area is home to 27,124 people. A total of 9,767 households are registered here. With average family sizes being listed at 3.11 people. About 31% of residents have graduated with a high school degree. Of the rest, 16% have their Bachelor's and 11% have their Master's degree. Folks speaking a language other than English, make up about 5% of the population. Speaking of your commute, 57.2% of people in this area are employed. The recorded median income is currently at $44,537 per year. The median population age has been listed at 31.1 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 48% of the population while homeowners are at about 52% of the population.
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Studio Median Rent
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1BR Median Rent
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2BR Median Rent
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3BR Median Rent
PUBLIC TRANSIT
4
YMCA (0.22 mi - 5 min walk)
Cortland Transit
4
Cortland Standard (0.30 mi - 7 min walk)
Cortland Transit
1
Cortland Post Office (0.30 mi - 7 min walk)
Cortland Transit
1
TC3 Extension Center (0.32 mi - 8 min walk)
Cortland Transit
2
Downtown Main Street (0.33 mi - 8 min walk)
Cortland Transit

Nearby Schools

(within attendance boundary)
FRANKLYN S BARRY SCHOOL  •  0.73 mi
20 Raymond Ave, Cortland, NY 13045
Public  •  Elementary  •  Grades KG to 6
Cortland City School District
CORTLAND JUNIOR HIGH SCHOOL  •  4.46 mi
S Valley View Dr, Cortland, NY 13045
Public  •  Middle School  •  Grades 7 to 8
Cortland City School District
CORTLAND HIGH SCHOOL  •  2.02 mi
8 Valley View Dr, Cortland, NY 13045
Public  •  High School  •  Grades 9 to 12
Cortland City School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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