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958 Lake St, Elmira, NY, 14901

11beds
3baths
3,131sqft
$59,000
$19price/sqft
$965/moest. monthly cost
$38,600/yrincome needed

About This Home

Spacious 3-story single-family home offering 4,679 sq ft of living space on a 9,724 sq ft lot. Formerly operated as a nursing home, this unique property features 11 bedrooms and 3 full bathrooms, presenting a rare opportunity for investors, large households, or potential conversion projects. Major updates include electrical improvements completed in 2020 and brand-new plumbing from the street to the home. The roof was replaced in 2016, and the property has no known foundation issues. Heating is provided by a gas furnace. The home does require repairs and is being sold as-is. Fire damage is present on the rear exterior, affecting the porch and back wall, along with one interior wall that needs replacement. Additionally, approximately 10 windows need to be replaced. There is no central air conditioning. Exterior features include private off-street parking and no garage. With its size, layout, and prior use, this property offers significant potential for redevelopment or restoration. Bring your vision and restore this expansive property to its full potential.#BA & #BR Owner Verified

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
61
BikeBikeable

Schools

--
Diven SchoolGrades PK-20.2 mi
4/10
Ernie Davis AcademyGrades 7-81.4 mi
3/10
Elmira High SchoolGrades 10-122.5 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1900

Materials

  • Foundation: Other,See Remarks
  • Roof: Other,See Remarks
  • Construction materials: Block,Concrete

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: See Remarks,Water Heater

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 11
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Features

  • Living/Dining Room,Other,See Remarks
  • Flooring: Other,See Remarks

Heating & Cooling

  • Heating features: Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 3,131
  • Total interior livable area: 3,131 sqft

Property

Details

  • Parcel number: 07040008900700050480000000
  • Special condition: Standard

Features

  • Stories: 3
  • Exterior features: See Remarks

Lot

  • Lot size: 9,722 sqft
  • Features: Rectangular,Rectangular Lot,Residential Lot
  • Lot size dimensions: 54 x 178

Parking

  • Parking features: No Garage

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

No climate risk data available.

How This Home’s Risks Compare

FEMA Declared Disasters in Chemung County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $298$3,576
Home Insurance *$52$624
Property Taxes $98$1,176
Electricity $517$6,209
Total$965$11,580
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$33,085/yr
40% on housing$28,950/yr
45% on housing$25,733/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.2%
2.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$19This listing

vs Other Active Listings

Avg $/sqft

ZIP 14901$56
Chemung County$88

vs Homes Sold Last Month

Median $/sqft

ZIP 14901$69
Chemung County$98

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-11Price change$75,000
2026-03-31Listed for sale$85,000
2024-08-12Listing removed$79,900
2023-01-27Sold$70,000
2022-11-14Contingent$79,900
2022-08-09Listed for sale$79,900
2020-03-23Listing removed$1
2020-03-10Listed for sale$1

For Sale by Agent

AgentDerek Greene
BrokerageThe Greene Realty Group

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