Jamie Jensen
Howard Hanna
(607) 391-2590
135 Total Sales
4 in East Ithaca
$235K - $513K Price Range
118 Park Ln Ithaca, NY 14850
East Ithaca Area
7
Beds
5
Baths
4,525
Sq Ft
0.4
Acre Lot
Highlights
- Deck
- Property is near public transit
- Corner Lot
- Caroline Elementary School Rated 9+
- Wood Flooring
- 3-minute walk to Eastern Heights Park
About This Home
As of August 2026Discover the perfect synergy of luxury living and financial intelligence in this expansive side-by-side duplex, perfectly situated in Ithaca’s premier Eastern Heights neighborhood. The primary residence welcomes you with a sun-drenched, open layout featuring four-plus bedrooms and four full baths, complemented by several versatile flex spaces tailored for a professional home office, creative studio, fitness area or in-law suite. Beyond the interior, a private deck and backyard offer serene views, while a convenient one-bay garage adds to the ease of daily living. By occupying the main home and leasing the spacious two-bedroom, one-bath unit—which boasts its own garage, private yard, and patio—you can effectively let your tenants subsidize your mortgage and taxes.
This property serves as a gateway to the very best of Ithaca. A nearby paved path provides a direct route to Cornell University and East Hill Plaza for work, learning, groceries or a quick coffee run. For those who love the outdoors, Tudor Park’s trails and cross-country skiing paths are right at your doorstep, while the swimming and hiking trails of Mulholland Wildflower Preserve and the South Hill Rec Way are just minutes away. Whether you are heading to campus or the Commons, the short drive and nearby bus access make travel effortless. This home offers a quiet lifestyle without ever sacrificing the convenience of the city. Ask your agent for a list of improvements that include a new roof and boiler in 2026, as well as, multiple financing options.
Last Agent to Sell the Property
Howard Hanna S Tier Inc Brokerage Phone: 607-280-3070 License #30PA0967502 Listed on: 05/28/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,132
Year Built
- Built in 1985
Lot Details
- 17,424 Sq Ft Lot
- Lot Dimensions are 150x115
- Partially Fenced Property
- Corner Lot
- Irregular Lot
Parking
- 2 Car Garage
- Garage Door Opener
Home Design
- Poured Concrete
- Spray Foam Insulation
- Blown-In Insulation
- Shingle Roof
- Architectural Shingle Roof
- Wood Siding
- Concrete Block And Stucco Construction
- Copper Plumbing
- Cedar
Interior Spaces
- 4,525 Sq Ft Home
- 1-Story Property
- Woodwork
- Ceiling Fan
- Skylights
- Drapes & Rods
- Sliding Doors
- Entrance Foyer
- Partially Finished Basement
- Walk-Out Basement
Flooring
- Wood
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Full Bathrooms
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient HVAC
Schools
- Caroline Elementary School
- Dewitt Middle School
- Ithaca Senior High School
Utilities
- Ductless Heating Or Cooling System
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Heating System Uses Gas
- PEX Plumbing
- Gas Water Heater
- High Speed Internet
Additional Features
- Deck
- Property is near public transit
Listing and Financial Details
- Assessor Parcel Number 503089-056-000-0003-013-003-0000
Community Details
Overview
- 2 Units
Recreation
- Trails
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 19, 2013
Closed on
Oct 11, 2013
Sold by
Zager Joanne
Bought by
Seller's Agent
Jack Balcome
Concept Real Estate
List Price
$283,000
Sold Price
$270,300
Premium/Discount to List
-$12,700
-4.49%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
Original Mortgage
$223,200
Interest Rate
4.53%
Mortgage Type
Unknown
Purchase Details
Closed on
Dec 4, 2009
Sold by
Zager Joanne
Bought by
Zager Joanne
Purchase Details
Closed on
Jul 20, 2006
Sold by
Zager Joanne
Bought by
Zager Joanne
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6%
Mortgage Type
Unknown
Purchase Details
Closed on
Apr 14, 2005
Sold by
Zager Joanne
Bought by
Zager Joanne
Purchase Details
Closed on
Sep 18, 1998
Purchase Details
Closed on
Sep 20, 1995
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Ithaca, NY
-
Jamie Jensen
-
Melissa Shames
Melissa Shames
Howard Hanna
(607) 275-5407
138 Total Sales
8 in East Ithaca
$202K - $470K Price Range
-
Kristin Ahlness
Kristin Ahlness
Howard Hanna
(607) 388-1728
65 Total Sales
2 in East Ithaca
$453K - $470K Price Range
-
Heather Gowe
Heather Gowe
Warren Real Estate
(607) 252-9035
76 Total Sales
4 in East Ithaca
$148K - $695K Price Range
-
Kathleen Seaman
Kathleen Seaman
Warren Real Estate of Ithaca
(607) 603-7882
193 Total Sales
10 in East Ithaca
$297K - $716K Price Range
-
Kristopher Buchan
Kristopher Buchan
Tompkins Cortland Real Estate
(607) 250-1293
194 Total Sales
1 in East Ithaca
$225,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $270,300 | Katrina Medeiros | |
| Quit Claim Deed | -- | Eliza Mulhern | |
| Deed | -- | William Crane | |
| Quit Claim Deed | -- | John Stevens | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $45,000 | Second Mortgage Made To Cover Down Payment | |
| Closed | $36,000 | Unknown | |
| Closed | $223,200 | Unknown | |
| Previous Owner | $82,590 | Unknown | |
| Closed | $75,000 | Unknown | |
| Closed | $20,000 | Unknown | |
| Closed | $175,000 | Unknown |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/11/2026 08/11/26 | Sold | $625,000 | 0.0% | $138 / Sq Ft | |
| 05/28/2026 05/28/26 | For Sale | $625,000 | +131.2% | $138 / Sq Ft | |
| 10/11/2013 10/11/13 | Sold | $270,300 | -4.5% | $72 / Sq Ft | View Prior Sale |
| 09/11/2013 09/11/13 | Pending | -- | -- | -- | |
| 02/19/2013 02/19/13 | For Sale | $283,000 | -- | $76 / Sq Ft |
Source: Ithaca Board of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | -- | $650,000 | $57,400 | $592,600 |
| 2024 | $15,876 | $650,000 | $57,400 | $592,600 |
| 2023 | $11,517 | $426,000 | $57,400 | $368,600 |
| 2022 | $10,939 | $387,000 | $57,400 | $329,600 |
| 2021 | $10,400 | $355,000 | $57,400 | $297,600 |
| 2020 | $10,831 | $355,000 | $57,400 | $297,600 |
| 2019 | $5,440 | $335,000 | $57,400 | $277,600 |
| 2018 | $9,127 | $315,000 | $57,400 | $257,600 |
| 2017 | $9,146 | $295,000 | $57,400 | $237,600 |
| 2016 | $9,204 | $295,000 | $57,400 | $237,600 |
| 2015 | -- | $295,000 | $57,400 | $237,600 |
| 2014 | -- | $295,000 | $57,400 | $237,600 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Patterson
Seller's Agent in 2026
Richard Patterson
Howard Hanna S Tier Inc
(607) 279-8055
23 Total Sales
-
Jill Rosentel
JR
Buyer's Agent in 2026
Jill Rosentel
Warren Real Estate of Ithaca Inc. (Downtown)
(607) 280-2491
231 Total Sales
-
JB
Seller's Agent in 2013
Jack Balcome
Concept Real Estate
Map
Source: Ithaca Board of REALTORS®
MLS Number: R1679818
APN: 503089-056-000-0003-013-003-0000
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