NOT LISTED FOR SALE

16 Penny Ln Ithaca, NY 14850

Estimated Value: $251,000 - $286,000

2 Beds
1 Bath
1,152 Sq Ft
$230/Sq Ft Est. Value

Last Sold June 16, 2022

Last sale price $220,000 $191 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,873/month

43 Days on Market

Highlights

  • Contemporary Architecture
  • 1 Car Detached Garage
  • Entrance Foyer
  • South Hill School Rated A-
  • Patio
  • Shed

About This Home

As of June 2022

Lovely end-unit condo/townhouse in Commonland Community, just minutes to Cornell University and downtown Ithaca. Split-level design with large living room in the lower level with big picture window & breakfast bar area. Kitchen has new LVT floor, newer stainless fridge; also featuring Corian counters and on-site laundry. Newer lighting fixtures too. Upstairs there are 2 nice-sized bedrooms including primary bedroom w/walk-in closet. Bathroom has solid surface counters and low-flow toilet. AC provided by a mini split. Nice views/setting in this Mares Nest section. Enjoy recreational activities on nearby Six Mile Creek nature preserve. Community ballfield, conference & BBQ area overlooking pond. HOA monthly fees cover exterior maintenance, mowing/plowing, garbage service, cold water, sewer. Easy access to TCAT buslines to Cornell/downtown. Also close access to East Ithaca Recreation Way that goes to Collegetown/CU campus. Carefree living in vibrant Ithaca NY, heart of the Finger Lakes!

Last Agent to Sell the Property

Christine DelVecchio

Warren Real Estate of Ithaca Inc. Brokerage Email: cj@cjhomes.com License #30DE0840160 Listed on: 04/04/2022

Last Buyer's Agent

Margaret Hobbie

Howard Hanna S Tier Inc License #30HO0827100

Howard Hanna S Tier Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,207

Year Built

  • Built in 1983

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 26x53
  • Partially Fenced Property

Parking

  • 1 Car Detached Garage
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,152 Sq Ft Home
  • Ceiling Fan
  • Entrance Foyer
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven
  • Electric Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Patio
  • Shed

Schools

  • Belle Sherman Elementary School
  • Boynton Middle School

Utilities

  • Ductless Heating Or Cooling System
  • Baseboard Heating
  • High Speed Internet

Community Details

  • Association fees include common area insurance, sewer, snow removal, trash, water
  • Commonland Community Subdivision

Listing and Financial Details

  • Assessor Parcel Number 58.1-1-16

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,207

Year Built

Built in 1983

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Lot Size Acres: 0.03
  • Lot Size: 26X53
  • Subdivision Name: Commonland Community
  • Directions: Commonland Community is off Slaterville Road/Route 79E. As you enter the community, turn left at Penny Lane/Lois Lane intersection. Look for signs for #16...it's the lower parking area. Please don't park in others designated spots (us
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Efficiency: Windows
  • Year Built: 1983
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: cj@cjhomes.com
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Oven, Electric Range, Refrigerator, Range Hood, See Remarks, Washer
  • Has Basement: Full, Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Carpet, Laminate, Varies, Vinyl
  • Interior Amenities: Ceiling Fan(s), Entrance Foyer
  • Living Area: 1152.0
  • Dining Room Type: Entry/Foyer

Exterior Features

  • Fencing: Partial
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Fence, Patio
  • Foundation Details: Block
  • Other Structures: Shed(s), Storage
  • Patio And Porch Features: Patio
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Assigned, Detached, Garage, One Space

Utilities

  • Heating: Ductless, Electric, Baseboard
  • Heating Yn: Yes
  • Utilities: High Speed Internet Available, Sewer Available, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Association Fee: 270.0
  • Pets Allowed: Breed Restrictions, Yes

Fee Information

  • Association Fee Includes: Common Area Insurance, Sewer, Snow Removal, Trash, Water

Schools

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

Lot Info

  • Lot Size Sq Ft: 1307.0
  • Parcel #: 58.1-1-16
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5207.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2022
Closed on
Jun 16, 2022
Sold by
Ahern Jacqueline R and Ahern Andrew M
Bought by
Bordonaro Garry J
Seller's Agent
Christine DelVecchio
Warren Real Estate of Ithaca Inc.
Buyer's Agent
Margaret Hobbie
Howard Hanna S Tier Inc
List Price
$220,000
Sold Price
$220,000
Current Estimated Value
$265,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,433
Avg. Annual Appreciation
5.46%
Original Mortgage
$176,000
Outstanding Balance
$167,436
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$97,997

Purchase Details

Listed on
Apr 20, 2016
Closed on
Jun 15, 2016
Sold by
Boettcher Bonna
Bought by
Ahern Jacqueline
Seller's Agent
Karen Small
Howard Hanna S Tier Inc
List Price
$154,900
Sold Price
$150,000
Premium/Discount to List
-$4,900
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.58%
Original Mortgage
$135,000
Interest Rate
3.58%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 4, 2006
Sold by
Pietrasz Tommy D
Bought by
Boettcher Bonna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
6.32%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 16, 2002
Sold by
Lim Lucy
Bought by
Pietrasz Tommy D

Purchase Details

Closed on
Jun 4, 1999
Sold by
Updike Roger
Bought by
Lim Lucy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Bordonaro Garry J $220,000 None Available
Ahern Jacqueline $150,000 Albanese Jonathan
Boettcher Bonna J $120,000 Randall Marcus
Pietrasz Tommy D $62,000 David Tyler
Lim Lucy $52,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bordonaro Garry J $176,000
Previous Owner Ahern Jacqueline $135,000
Previous Owner Boettcher Bonna J $102,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2022 06/16/22 Sold $220,000 0.0% $191 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $220,000 +46.7% $191 / Sq Ft
06/14/2016 06/14/16 Sold $150,000 -3.2% $130 / Sq Ft View Prior Sale
05/15/2016 05/15/16 Pending -- -- --
04/20/2016 04/20/16 For Sale $154,900 -- $134 / 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 $5,786 $225,000 $14,750 $210,250
2023 $5,663 $200,000 $14,750 $185,250
2022 $5,221 $180,000 $14,750 $165,250
2021 $4,800 $155,000 $14,750 $140,250
2020 $4,792 $155,000 $14,750 $140,250
2019 $2,220 $155,000 $14,750 $140,250
2018 $4,427 $140,000 $14,750 $125,250
2017 $4,499 $140,000 $5,900 $134,100
2016 $3,994 $140,000 $5,900 $134,100
2015 -- $130,000 $5,900 $124,100
2014 -- $130,000 $5,900 $124,100
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Christine DelVecchio

    Warren Real Estate of Ithaca Inc.

    Section Image
  • Margaret Hobbie

    Buyer's Agent in 2022

    Margaret Hobbie

    Howard Hanna S Tier Inc

    (607) 257-0800

    3 in this area

    34 Total Sales

    Margaret Hobbie
    Section Image

  • K

    Seller's Agent in 2016

    Karen Small

    Howard Hanna S Tier Inc

    (607) 229-6487

    2 in this area

    48 Total Sales

    Karen Small
    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: IB405985

APN: 503089-058-001-0001-016-000-0000

New York Tompkins County Ithaca 14850

16 Penny Ln, Ithaca, NY

Not Listed for Sale

Detached

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