Date Event Price $/sqft
01/24/14 Sold $965,000 $369
10/18/13 Listing removed $995,000 $380
10/07/13 Pending sale $995,000 $380
01/19/13 Price change $995,000 $380
05/06/12 Listed for sale $1,150,000 $440
07/16/07 Sold $389,000 $148
09/04/97 Sold $270,000 $103
We can see that it sold at the peak of the bubble (July 2007) for $389,000, but I think it was in very rough shape then, a real "fixer-upper." (This is confirmed by the newspaper article linked to below.) It was bought by a professor of film named Stuart McDougal. Judging by the pictures at Zillow, he sunk some serious money into renovating it -- a lot of custom woodwork, built-in bookcases, stone patio ... it looks really nice. I can't judge how much money he put into it, but buying at 389 and selling at 965 had to be a profitable turn.
It was originally listed at $1,150,000 in May 2012 and finally sold for $965,000 in January 2014, which means it was on the market for around 628 days and sold 16% below the original asking price. The house sits on a tiny 0.62 acre lot and overlooks a gorge and the Ithaca Falls. In 2013 it was assessed at $450,000 and is newly assessed in 2014 at $900,000, which must mean the property tax bill has doubled.
Found this in an article on the house from September 2013 in the Cornell Daily Sun:
The [McDougals were] awarded the 2012 Award of Merit in Historic Preservation by Historic Ithaca for their effort in renovating this historic property.
The owners worked with local architect Charles Hoover to design the transition back to a single family. Carpenter Joe Thompson designed and handcrafted period appropriate windows, doors and interior woodwork and mason Peter Smith restored the exterior brick and stonework.