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1159 W Water St, Elmira, NY, 14905

6beds
5baths
5,533sqft
$515,000
$93price/sqft
$4,651/moest. monthly cost
$186,040/yrincome needed

About This Home

Welcome home to this sprawling, meticulously updated Colonial that perfectly blends luxury, scale, and multi-purpose living. Completely remodeled in 2022, the property boasts major capital upgrades including a brand-new roof, windows, and high-efficiency HVAC systems with central AC. The main residence is defined by its soaring high ceilings and an expansive layout designed for both grand entertaining and quiet productivity. At the heart of the home is a true chef’s kitchen, fully equipped with a premium THOR range, a sleek French door refrigerator, and a massive walk-through butler's pantry. For formal gatherings, the elegant living room features a cozy wood-burning fireplace and opens directly into a sunlit three-seasons porch. Additional living spaces include a dedicated home office/study and a large secondary living room perfect for media or relaxation. Upstairs, you will find four bedrooms and three bathrooms, highlighted by a spacious owner’s suite with a spa-like soaking tub and walk-in shower, alongside a secondary guest suite complete with its own private bath. Bridging the main home and the private living quarters is a bonus room currently utilized as a home gym, which features a secured door to maintain maximum privacy between the wings. The fully independent in-law suite—also beautifully remodeled in 2022—features two bedrooms, one full bathroom, and its own dedicated laundry room to mirror the main house's amenities. Engineered for true independence, the suite includes its own separate entrance, dedicated parking, and independent electrical service. Situated on a generous, partially fenced corner lot, the exterior offers plenty of privacy and curb appeal, rounded out by a large storage shed at the rear of the property. This rare estate offers unparalleled versatility, modern luxury, and true dual-living capability.

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

4/10
Hendy Avenue SchoolGrades 3-60.4 mi
3/10
Ernie Davis AcademyGrades 7-81.3 mi
--
Broadway AcademyGrades 91.5 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1910

Materials

  • Foundation: Block,Stone
  • Roof: Architectural,Shingle
  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Exhaust Fan,Electric Oven,Electric Range,Gas Oven,Gas Range,Gas Water Heater,Microwave,Refrigerator,Range Hood
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Partial

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Features

  • Ceiling Fan(s),Den,Entrance Foyer,Separate/Formal Living Room,Guest Accommodations,Pantry,Quartz Counters,See Remarks,Second Kitchen,In-Law Floorplan,Bath in Primary Bedroom
  • Flooring: Carpet,Hardwood,Luxury Vinyl,Varies

Heating & Cooling

  • Heating features: Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 5,533
  • Total interior livable area: 5,533 sqft

Property

Details

  • Parcel number: 07308909801200040010000000
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Open,Porch
  • Exterior features: Blacktop Driveway,Fence
  • Fencing: Partial

Lot

  • Lot size: 0.74 Acres
  • Features: Corner Lot,Near Public Transit,Rectangular,Rectangular Lot
  • Lot size dimensions: 125 x 257

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage,Circular Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Inland Flooding
Lightning

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 $2,604$31,248
Home Insurance *$275$3,300
Property Taxes $858$10,296
Electricity $914$10,972
Total$4,651$55,812
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$159,462/yr
40% on housing$139,530/yr
45% on housing$124,026/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

$93This listing

vs Other Active Listings

Avg $/sqft

ZIP 14905$81
Chemung County$88

vs Homes Sold Last Month

Median $/sqft

ZIP 14905$120
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)

Price History

DateEventPrice
2026-06-03Listed for sale$515,000
2024-08-12Listing removed$515,000
2023-05-05Listing removed--
2023-04-10Price change$515,000
2023-02-27Listed for sale$574,900
2020-08-11Listing removed$219,900
2020-08-10Pending sale$219,900
2020-08-06Sold$200,000
2020-01-13Listed for sale$219,900
2019-12-06Listing removed$224,900
2019-10-04Price change$224,900
2019-06-13Price change$229,900
2019-04-29Price change$239,000
2018-12-06Listed for sale$245,000
2016-09-17Listing removed$185,000
2016-06-02Price change$185,000
2016-04-02Price change$192,000
2016-04-01Price change$198,000
2016-03-26Price change$192,000
2015-09-07Price change$198,000
2015-08-15Price change$205,000
2015-07-05Listed for sale$215,000
2013-12-03Sold$173,000

For Sale by Agent

AgentValerie Clark
BrokerageWarren Real Estate

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