318 Lake Ave, Ithaca, NY 14850 Property Records

Tompkins County and Ithaca City property record for 318 Lake Ave, Ithaca, NY 14850

Property Summary

Property Type	Single Family Home
Details	3 bd · 1.5 ba · 1,502 sqft · built 1920
Lot Size	0.212 acres (9,240 sqft)
Owner	2 Individual Names on File
Last Sale	$275,000 (Apr 2021)
Tax Bill	$6,495 (2026)
Deeds & Mortgages	Jan 2026 Mortgage Apr 2021 Sale & Mortgage
Flood Zone	Zone X (moderate risk)
APN	`500700 34.-1-3`

Property Details

APN / Parcel Number

Primary APN	`500700 34.-1-3`
Alternative APN	`070003400000010030000000`

Interior

Bedrooms	3 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Stories	2 Stories
Building Area	1,502 sqft Living Area
1st Floor Area	782 sqft
2nd Floor Area	720 sqft

Exterior

Year Built	Built 1920
Effective Year Built	Effective 1920
Architectural Style	Traditional
Exterior Material	Aluminum/Vinyl
Lot Area	9,240 sqft (0.212 acres)
Lot Dimensions	132 ft deep x 70 ft wide
Garage Type	Detached
Garage Area	480 sqft
Parking Spaces	2 Parking Spaces
Porch	Slab
Porch Area	230 sqft

Utilities, Heating & Cooling

Heating System	Forced Air with A/C
Heating Fuel	Gas
Sewer	Municipal
Water Source	Commercial

Location & Zoning

Street Address	318 LAKE AVE
City	ITHACA
State	NY
Zip	14850-3510
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R-2B
Legal Block	1
Legal Lot Number	3.000
Jurisdiction	TOMPKINS NY
Township / Civil Division	ITHACA
Census Block Group	1
Census Block	1028
Census Tract	800

Owner

318 Lake Ave is owned and occupied by two individuals who bought it in April 2021.

Source: Tompkins County and Ithaca City records, as of September 23, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	2 Individual Names on File
Mailing Address	318 LAKE AVE, ITHACA, NY 14850-3510
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Jan 5, 2026	Deed of Trust, Mortgage · Closed-End Mortgage TOMPKINS COMMUNITY BANK
Apr 23, 2021	Warranty Deed, Transfer · Stand-Alone First Mortgage TOMPKINS TRUST CO

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Apr 23, 2021 · Amount on File
Deed Sale	Apr 23, 2021 · Amount on File
Prior Sale	Jan 19, 2000 · Amount on File
Deed Document Number	20214241
Prior Transfer Date	Dec 24, 2019
Prior Transfer Doc	0002000307
Record Updated	Oct 29, 2026

January 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	TOMPKINS NY
Property Address	318 LAKE AVE, ITHACA, NY 14850-3510
Transaction Type	Mortgage
Record Updated	Jan 28, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000000045
Date	Jan 5, 2026
Instrument	2026-00045

Lender

Name	TOMPKINS COMMUNITY BANK

Agreement

Type	Closed-End Mortgage
Amount	Amount on Record
Term	349 Months
Due	Feb 1, 2055

Interest

Rate Type	Adjustable Rate

April 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	TOMPKINS NY
Recording Date	Apr 23, 2021
Property Address	318 LAKE AVE, ITHACA, NY 14850-3510
Document Number	4241
Instrument Date	Apr 22, 2021
Instrument	2021-04241
Transaction Type	Transfer
Record Updated	May 12, 2021

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants by the Entirety
Address	318 LAKE AVE, ITHACA, NY 14850-3510
Investor	Possibly a Property Investor

Mortgage

Document Number	4242
Date	Apr 23, 2021
Instrument	2021-04242

Lender

Name	TOMPKINS TRUST CO
Type	Mortgage Company

Agreement

Type	Stand-Alone First Mortgage
Amount	Amount on Record

Tax Assessment & Valuation

The 2026 property tax bill for 318 Lake Ave was $6,495, down 37.3% from the year before.

Source: Tompkins County and Ithaca City assessment roll, as of May 14, 2026

Property Jurisdictions

Type	Name
State	New York
County	Tompkins County
Municipality	Ithaca City
Unified School District	Ithaca City School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$6,495.00 (-37.32%)
2025	$10,362.00	$320,000 Land $53,400 Building $266,600	$320,000 Land $53,400 Building $266,600
2023		$303,000 Land $53,400 Building $249,600	$303,000 Land $53,400 Building $249,600

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 318 Lake Ave in Zone X, an area of moderate flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective June 17, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X moderate risk · 1% annual chance, depth under 1 ft
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 50 policies
Nearby Flood Policies	50 in force
Nearby Flood Claims	8 (1978–1996)
Most Recent Claim	May 1996 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 318 Lake Ave is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 97% of the US · lower than 96% of New York
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	ITHACA CITY serves 29,457 people · EPA ID NY5404416
Water Source	Surface water
Last State Inspection	Aug 2025
Lead	2 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	Chlorine dioxide resolved · Feb 2020
Treatment and Procedure	None last 10 years
Monitoring and Reporting	1 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 243 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
Empire Long Distance Fiber	1,000 / 100
Starlink Satellite	280 / 30

May also be available: Fiberspark, Verizon.

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