NOT LISTED FOR SALE

107 Penny Ln Ithaca, NY 14850

Estimated Value: $431,000 - $572,000

3 Beds
2.5 Baths
2,312 Sq Ft
$215/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $532,000 $230 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,446/month

17 Days on Market

Highlights

  • Ski Accessible
  • Solar Power System
  • Contemporary Architecture
  • DeWitt Middle School Rated A-
  • Deck
  • Property is near public transit

About This Home

As of June 2024

Sweet Penny Lane is a modernized and contemporary 3 bedroom, 2.5 bath, 2300 square foot home. The main floor is newly remodelled with an open floor plan, cozy fireplace, and cathedral ceilings facing south onto 6 Mile Creek Wildflower Preserve and South Hill in the distance. Every room is well lit with wonderful views. All bathrooms are newly renovated. Bedrooms are spacious with plenty of closet and storage space. The roof is a new, 50 year, standing seam metal roof with a 6 kW solar array. The combination of solar panels and heat pumps provide a tremendous savings on home energy bills as well as nice even heating and cooling inside.
The 1/2 acre yard is well kept with fruit bearing peach, apple, and nectarine trees with a giant cottonwood and maple for shade in the summer. X-country ski or hike out the back door. There is a front porch and a lovely back deck with space for dining and an awning for shade if needed. 1 car garage with additional 2 spaces for parking in the driveway. Access to Cornell, and TCAT municipal bus lines. No HOA or condo fees. 2 miles from downtown! Don't miss this chance to make this your home! Offer review has been set for March 25th, 2024 at 12pm.

Last Agent to Sell the Property

Jill Burlington

Warren Real Estate of Ithaca Inc. Brokerage Phone: 607-592-0474 License #30BU0950986 Listed on: 03/12/2024

Last Buyer's Agent

Rebecca 'Reba' McCutcheon

Howard Hanna S Tier Inc License #10401373917

Howard Hanna S Tier Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,466

Year Built

  • Built in 1987

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 142x305
  • Cul-De-Sac
  • Corner Lot

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,312 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Cathedral Ceiling
  • Ceiling Fan
  • Awning
  • Sliding Doors
  • Open Floorplan
  • Den
  • Storage Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven
  • Stove
  • Gas Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Solar Power System
  • Solar Water Heater
  • Solar Heating System

Outdoor Features

  • Deck
  • Open Patio
  • Outdoor Grill
  • Play Equipment
  • Porch

Location

  • Property is near public transit

Schools

  • Belle Sherman Elementary School
  • Dewitt Middle School
  • Ithaca Senior High School

Utilities

  • Cooling Available
  • Air Source Heat Pump
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 503089-058-001-0001-107-000-0000

Community Details

Overview

  • Commonland Community Subdivision
  • Property is near a preserve or public land

Recreation

  • Ski Accessible

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,466

Year Built

Built in 1987

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.52
  • Lot Size: 142X305
  • Road Frontage Type: City Street
  • Subdivision Name: Commonland Community
  • Directions: From Rt. 79, turn onto Lois Ln (look for sign to Commonland Community). Make a right onto Penny Lane. Property will be at the end on your left.
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Efficiency: Appliances, HVAC, Lighting
  • Building Stories: 3
  • Year Built Details: Existing
  • Year Built: 1987
  • Power Production Type: Photovoltaics
  • ResoBuildingAreaSource: Plans
  • Attribution Contact: 607-592-0474
  • Special Features: VirtualTour
  • Stories: 3
  • Year Built: 1987

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Freezer, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Solar Hot Water, See Remarks, Washer
  • Has Basement: Full, Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Tile, Varies
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Cathedral Ceiling(s), Den, Eat-in Kitchen, Kitchen/Family Room Combo, Living/Dining Room, Sliding Glass Door(s), Storage, Solid Surface Counters, Natural Woodwork
  • Living Area: 2312.0
  • Main Level Bathrooms: 1
  • Dining Room Type: Laundry, Storage Room, Den
  • Stories: 3

Exterior Features

  • Lot Features: Adjacent To Public Land, Corner Lot, Cul-De-Sac, Near Public Transit, Residential Lot, Ski In /Ski Out
  • Waterfront: No
  • Construction Type: Frame
  • Exterior Features: Awning(s), Barbecue, Deck, Gravel Driveway, Play Structure
  • Patio And Porch Features: Deck, Open, Porch
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage Door Opener

Utilities

  • Laundry Features: In Basement
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Gas, Heat Pump, Solar, Baseboard, Natural Gas, Stove
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Belle Sherman
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High
  • Middle Or Junior School: Dewitt Middle

Lot Info

  • Lot Size Sq Ft: 22651.0
  • Parcel #: 503089-058-001-0001-107-000-0000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9466.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2008
Sold by
Snyder Susan B
Bought by
Salfi Karin E
Current Estimated Value
$496,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Outstanding Balance
$82,578
Interest Rate
5%
Mortgage Type
Unknown
Estimated Equity
$414,167
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Salfi Karin E $199,000 Jonathan Albanese
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salfi Jason $60,000
Closed Salfi Jason S $46,513
Closed Salfi Jason S $8,000
Open Salfi Karin E $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $532,000 +18.5% $230 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $449,000 -- $194 / Sq Ft
Source: Ithaca Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,872 $370,000 $51,300 $318,700
2023 $8,872 $340,000 $51,300 $288,700
2022 $8,736 $340,000 $51,300 $288,700
2021 $7,473 $265,000 $51,300 $213,700
2020 $7,495 $265,000 $51,300 $213,700
2019 $3,598 $265,000 $51,300 $213,700
2018 $5,848 $205,000 $51,300 $153,700
2017 $6,078 $205,000 $34,200 $170,800
2016 $6,007 $205,000 $34,200 $170,800
2015 -- $200,000 $34,200 $165,800
2014 -- $200,000 $34,200 $165,800
Source: Public Records

Agents Affiliated with this Home

  • Jill Burlington

    Seller's Agent in 2024

    Jill Burlington

    Warren Real Estate of Ithaca Inc.

    (607) 592-0474

    8 in this area

    305 Total Sales

    Jill Burlington
    Section Image
  • Rebecca 'Reba' McCutcheon

    Buyer's Agent in 2024

    Rebecca 'Reba' McCutcheon

    Howard Hanna S Tier Inc

    (607) 280-0242

    3 in this area

    24 Total Sales

    Rebecca 'Reba' McCutcheon
    Section Image
See All Agents

Map

Source: Ithaca Board of REALTORS®

MLS Number: R1522638

APN: 503089-058-001-0001-107-000-0000

New York Tompkins County Ithaca 14850

107 Penny Ln, Ithaca, NY

This home is located at 107 Penny Ln, Ithaca, NY 14850 since 12 March 2024 and is currently estimated at $496,745, approximately $214 per square foot. This property was built in 1987. 107 Penny Ln is a home located in Tompkins County with nearby schools including Belle Sherman School, DeWitt Middle School, and Ithaca Senior High School.

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